Tata Steel’s counsel also argued that the new corporate holding structure would enhance the agility of the merged entity’s business ecosystem. The National Company Law Tribunal (NCLT) in Mumbai on Tuesday approved the merger of Tata Group-owned Indian Steel & Wire Products Ltd with Tata Steel Ltd. The division bench, comprising judicial member KR Saji… Continue reading NCLT approves Indian Steel & Wire Products’ merger with Tata Steel
Author: Economic Times of India Online News
July truck rentals rebound on key routes, says Shriram Finance Report
The 2-3.5-ton 4-wheeler UCVs saw prices increase by as much as 47%, followed by a 36% rise in the 1.5-2-ton category. Truck rentals in key routes rebounded in July as manufacturers began moving goods to commercial hubs ahead of the festival season, according to Shriram Finance’s monthly mobility report. The report highlights the rise in… Continue reading July truck rentals rebound on key routes, says Shriram Finance Report
Exicom to acquire Australia-based Tritium to expand global footprint in EV charging
Updated On Aug 8, 2024 at 11:00 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals With this acquisition, Exicom is poised to leverage Tritium’s expertise and scale its operations effectively to serve an expanding global market for electric vehicle charging solutions. Exicom Tele-systems Limited, India’s largest electric vehicle (EV) charger manufacturer,… Continue reading Exicom to acquire Australia-based Tritium to expand global footprint in EV charging
The Economic Times Supply Chain & Logistics Conclave 2024 kicks off in New Delhi
The conclave promises a day of insightful sessions, networking opportunities, and strategic discussions, setting the stage for a transformative future in India’s logistics and supply chain landscape. New Delhi: The much-anticipated Supply Chain & Logistics Conclave 2024 has officially commenced today at the Hyatt Regency, New Delhi. This pivotal event brings together industry leaders, policymakers,… Continue reading The Economic Times Supply Chain & Logistics Conclave 2024 kicks off in New Delhi
Rupee to hold near 84/USD amid tepid risk; cenbank policy in focus
The trader added that the RBI will “be of interest” to the rupee forwards market and not much to the spot. The Indian rupee is expected to open little changed on Thursday amid a decline in U.S. and Asian equities, while market participants awaited the Reserve Bank of India’s monetary policy decision. Non-deliverable forwards indicate… Continue reading Rupee to hold near 84/USD amid tepid risk; cenbank policy in focus
Hindustan Zinc set to play pivotal role in Vedanta 2.0: Chairperson
Vedanta had a gross debt of INR 78,016 crore, and net debt of INR 61,324 crore, at June-end. Hindustan Zinc will play a pivotal role in transforming Vedanta to ‘Vedanta 2.0’, a critical mineral, renewable and technology company, said chairperson Priya Agarwal Hebbar, even as borrowings are no longer a major concern for the natural… Continue reading Hindustan Zinc set to play pivotal role in Vedanta 2.0: Chairperson
For Indian EV-olution automobile financing needs to be increased from 2% to 18% by 2070, says CSI report
Updated On Aug 8, 2024 at 08:50 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The report has given a holistic coverage of challenges and solutions through which India can achieve its net zero target by 2070. New Delhi: The automobile sector is working at the forefront to achieve EV-olution, along… Continue reading For Indian EV-olution automobile financing needs to be increased from 2% to 18% by 2070, says CSI report
Moody’s upgrades Tata Motors’ rating to Ba1 from Ba3; outlook remains positive
Updated On Aug 7, 2024 at 08:08 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Tata Motors’ leverage, calculated by Moody’s adjusted consolidated debt/EBITDA, fell to 1.8 times as of March 2024 from 3.9 times a year prior. Moody’s has upgraded Tata Motors Ltd’s corporate family rating to ‘Ba1’ from ‘Ba3′,… Continue reading Moody’s upgrades Tata Motors’ rating to Ba1 from Ba3; outlook remains positive
‘Green energy boost’: Mitsubishi and Hygenco partner for hydrogen-fueled power projects
The partnership is facilitated by JICA’s India Office and rides on the back of JICA’s investment in the NEEV II Fund, managed by SBI Ventures Limited (SVL), which invested in Hygenco in October 2022. New Delhi: Mitsubishi Power and Hygenco Green Energies, under the aegis of the Japan International Cooperation Agency (JICA), have inked a… Continue reading ‘Green energy boost’: Mitsubishi and Hygenco partner for hydrogen-fueled power projects
TVS SCS wins multi-year contract from JCB for in-plant logistics in Vadodara
TVS SCS’s in-plant logistics services for JCB’s Vadodara plant will encompass comprehensive warehouse management, including unloading, put-away of parts, picking, and line-side feeding. TVS Supply Chain Solutions Limited (TVS SCS) has secured a business contract from JCB in India to manage in-plant warehousing and logistics operations at JCB’s facility in Vadodara, Gujarat for three years.… Continue reading TVS SCS wins multi-year contract from JCB for in-plant logistics in Vadodara