Asian currencies were mixed on Friday, with the Korean won down nearly 0.5%, while the offshore Chinese yuan and the Thai baht gained slightly. The Indian rupee is likely to hover near its all-time low at open on Friday, unable to benefit from a drop in U.S. bond yields, with traders expecting intervention from the… Continue reading Rupee to hover near record low, cenbank counted on to support
Author: Economic Times of India Online News
Tata Motors’ board approves company’s demerger plan
Pursuant to the scheme, shareholders of TML will receive one share of TMLCV of face value INR 2/- fully paid up for every 1 fully paid-up share of INR 2/- held in TML of the same class. The Board of Directors of Tata Motors Ltd (TML) has approved a composite scheme of arrangement amongst TML,… Continue reading Tata Motors’ board approves company’s demerger plan
TVS Mobility Group and Mitsubishi Corp sign MoU for employee exchange program
R Dinesh, Director, TVS Mobility Group New Delhi: TVS Mobility, the holding company for businesses managed by the T S Rajam family members, Thursday said that it has signed a MoU with Mitsubishi Corporation (MC), a globally integrated business enterprise with a network of around 1,700 group companies, to launch TVS Mobility Mitsubishi Employee Exchange… Continue reading TVS Mobility Group and Mitsubishi Corp sign MoU for employee exchange program
Audio Interview: North American EV Transformation and the Risk of Stranded Capital
Ron Hesse speaks with Ryan Robinson In the 9-minute Audio Interview, Mr. Robinson discusses these questions: How is the slowing of BEV demand momentum impacting automotive suppliers, and what can companies do to compensate for this challenge? What other challenges are on the horizon for suppliers operating in the North American auto sector? What impact… Continue reading Audio Interview: North American EV Transformation and the Risk of Stranded Capital
The art and science of automotive design: Unveiling the intricate balance between exterior and interior mastery
As the automotive industry evolves it is important for the designers to to maintain a subtle balance between the external appeal and internal comfort and functionality. New Delhi: Automotive design is a complicated yet intriguing discipline from a product design point of view where creativity meets engineering. It is a consolidation of various components like… Continue reading The art and science of automotive design: Unveiling the intricate balance between exterior and interior mastery
Tata Motors’ sales dip 11% Y-o-Y to 70,161 units in July 2024
Updated On Aug 1, 2024 at 01:19 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals For the April-June period of this fiscal year, global wholesale numbers for all Tata Motors’ commercial vehicles, including the Tata Daewoo range, reached 93,410 units, a 6% increase over Q1 FY24. The vehicle sales of Tata… Continue reading Tata Motors’ sales dip 11% Y-o-Y to 70,161 units in July 2024
Steps for consortium for indigenous green steel technology commenced: Official
This plan includes increased hydrogen use and carbon capture technologies for steel production. The process of setting up a consortium involving all stakeholders to develop indigenous technology for green steel has started, a senior official said. In the transition period, the government has urged the international technology provider Danieli to reduce the cost of the… Continue reading Steps for consortium for indigenous green steel technology commenced: Official
Bajaj Auto July 2024 sales surge 18% to 2,10,997 units
The company witnessed an increase of 11% in the total sales of commercial vehicles to 56,628 units compared to 50,907 units last year. New Delhi: Bajaj Auto, one of India’s leading automobile manufacturers, reported an increase of 18% to 2,10,997 units in July 2024 domestic sales, compared to 1,79,263 units in July 2023. On the… Continue reading Bajaj Auto July 2024 sales surge 18% to 2,10,997 units
Apartment residents can install EV-charging units in parking slots
KERC has also provided an option for EV owners to avail new connections under the EV-charging tariff category, determined by the commission, and get the same sanctioned from electricity supply companies. Karnataka Electricity Regulatory Commission (KERC) has provided significant relief to electric vehicle (EV) owners in the state by addressing concerns related to installation of… Continue reading Apartment residents can install EV-charging units in parking slots
Rupee to see mild relief as Fed opens door to September rate cut
The dollar index was at 104 after dropping 0.4% on Wednesday and U.S. bond yields eased, with the 10-year yield touching a low of 4.03%, its lowest level since February. The Indian rupee is likely to open slightly higher on Thursday, tracking gains in most of its Asian peers, after Federal Reserve Chair Jerome Powell… Continue reading Rupee to see mild relief as Fed opens door to September rate cut