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
Author: Economic Times of India Online News
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
Exports of 2-wheelers, trucks, buses to take a big hit
Industry executives said factories in Bangladesh have been closed for the past three days amid the deteriorating scenario in the neighbouring country. Indian exports of two-wheelers, trucks, and buses to Bangladesh are likely to be severely hit this month with the South Asian nation grappling with a deadly civil unrest. Bajaj Auto, India’s largest exporter… Continue reading Exports of 2-wheelers, trucks, buses to take a big hit
Rupee to see relief on improving risk appetite, cenbank support
Further, the central bank has directed some large banks to not make aggressive trading bets against the rupee. The Indian rupee is expected to open higher on Wednesday on the back of a further recovery in Asian equities, which helped allay fears regarding the fallout of the Japanese yen carry trade. Non-deliverable forwards indicate rupee… Continue reading Rupee to see relief on improving risk appetite, cenbank support
To unlock full potential of Finance & IT Arms, Mahindra & Mahindra to rev up services business
“The contribution of ‘services businesses’ to M&M’s net cash generation is almost INR 7,000 crore over the FY22-24 period,” Anand Mahindra said at its recent AGM . The auto to tractor major is closely watching its services contribution, which now accounts for 30-40% of the group’s profitability. With a five-fold growth in the services portfolio… Continue reading To unlock full potential of Finance & IT Arms, Mahindra & Mahindra to rev up services business
India’s top two EV makers step up efforts to plug charging infrastructure gaps
In addition, both companies will promote EVs/EV Charging and solar rooftop systems to their respective customers to drive awareness of the benefits. Tata Passenger Electric Mobility (TPEM) and JSW-MG Motor India are going all out to address the biggest deterrent in EV adoption-charging infrastructure. The top two manufacturers in India’s nascent passenger electric vehicles on… Continue reading India’s top two EV makers step up efforts to plug charging infrastructure gaps
AI, 3D printing, and EV make auto production, supply chain more efficient, says GlobalData
Updated On Aug 7, 2024 at 08:05 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The transition towards electric vehicles (EVs) is also a critical aspect of this technological evolution. New Delhi: The global automotive industry is rapidly adopting cutting-edge technologies such as robotics, artificial intelligence (AI), and machine learning as… Continue reading AI, 3D printing, and EV make auto production, supply chain more efficient, says GlobalData