Increasing the use of electric arc furnaces is also a possibility, but this needs high-grade iron ore, or DRI or HBI, to work. Decarbonising steel production is one of the major challenges of the energy transition, especially given that consumers across the world show little appetite or capacity to pay more for green steel products.… Continue reading Green steel needs incentives to work and Japan has a plan: Russell
Author: Economic Times of India Online News
Cyril Amarchand Mangaldas advises Roop Automotives on Carlyle’s stake acquisition
The transaction team was led by Anchal Dhir, Partner, Aditi Manchanda, Partner; and Jay Parikh, Partner; with support from Varun Kannan, Senior Associate; and Swini Khara, Associate. Cyril Amarchand Mangaldas acted as legal counsel to Roop Automotives Limited and its existing promoters i.e. Mohit Oswal (Managing Director) and Mr. Gaurav Jain (Director), with respect to… Continue reading Cyril Amarchand Mangaldas advises Roop Automotives on Carlyle’s stake acquisition
Tesla’s sudden Indian jobs plan comes amid Trump’s tariff threats
Tesla’s India intent follows Modi’s meeting with Musk and President Donald Trump in Washington last week. Less than a week has passed since Prime Minister Narendra Modi met with Tesla CEO Elon Musk, a key figure in the Trump administration now, to outline a bilateral roadmap for strengthening technology partnerships. Yet, within this short span… Continue reading Tesla’s sudden Indian jobs plan comes amid Trump’s tariff threats
Luxury car segment like growing startup, could reach 5% of total car sales: Audi India head
Audi India sales stood at 5,816 units in last year, 26.7 per cent lower compared to 7,931 units retailed in 2023. Luxury car segment in India, which currently accounts for 1% of the overall car sales in the country, is like a growing startup and it could become decent in size only when it crosses… Continue reading Luxury car segment like growing startup, could reach 5% of total car sales: Audi India head
Automaker Kia to showcase non-passenger military vehicles
According to Kia, the KMTV will replace South Korea’s existing 2.5-ton and 5-tonne military standard vehicles starting from June. South Korea’s second-largest carmaker, said on Monday it will participate in the International Defence Exhibition and Conference (IDEX) 2025 in the United Arab Emirates this week, showcasing its non-passenger military vehicles. IDEX 2025, the Middle East’s… Continue reading Automaker Kia to showcase non-passenger military vehicles
Tinted glass rule violations up, 991 challans fined in January
According to official data, a large portion of the fines were directed at riders without helmets (28,557 challans) and pillion riders without helmets (40,304 challans). An enforcement drive against traffic violations resulted in 991 challans, totalling INR 99 lakh, issued to vehicles with black-tinted windows that impair visibility. This marks an increase from Jan last… Continue reading Tinted glass rule violations up, 991 challans fined in January
If imposed, safeguard duty on steel imports will have limited impact on domestic industry
The report highlighted that the majority of the steel imports to India come from countries like Japan, South Korea, Mauritius, and the ASEAN bloc which export steel to India at zero duty. If the Indian government imposes safeguard duties on steel imports it will have a limited impact on the domestic steel Industry, says a… Continue reading If imposed, safeguard duty on steel imports will have limited impact on domestic industry
India’s path to energy independence: Harnessing solar power and electric mobility, says Prashant Ruia
He said solar power and electric mobility will propel India towards energy independence. India has the opportunity to become self-sufficient in energy for the first time in its history, said Prashant Ruia, chief executive, Essar Group. He said solar power and electric mobility will propel India towards energy independence. “For 50 years, we have been… Continue reading India’s path to energy independence: Harnessing solar power and electric mobility, says Prashant Ruia
Tata Motors’ stock offers value despite uncertainties: Sandip Sabharwal
Sandip Sabharwal “Globally also, if we look at various parameters which include the easing off of US bond yields as well as the easing off of the US dollar, all those also are sort of positive for emerging markets along with the significant rallies which we have started to see in some emerging markets, the… Continue reading Tata Motors’ stock offers value despite uncertainties: Sandip Sabharwal
How tariff reductions could impact India’s automotive industry? Sunil Subramaniam explains
Sunil Subramaniam, Market Expert “The fact that we are going to be reducing tariffs means that Indian industry has become more competitive if they have to compete then because the support of tariffs will not be there,” says Sunil Subramaniam, Market Expert.Sunil Subramaniam: First of all, yes, there will be an increased competitive element to… Continue reading How tariff reductions could impact India’s automotive industry? Sunil Subramaniam explains