Updated On Jul 23, 2024 at 08:26 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Prasad Phansalkar Prasad Phansalkar, the Director of Dealer Network Development at Stellantis, has submitted his resignation, marking the end of his tenure at the automotive conglomerate, sources aware of the matter told ETAuto. Known for his… Continue reading Prasad Phansalkar steps down as Stellantis dealer development Head
Author: Economic Times of India Online News
Government addresses challenges in national highway development with proactive measures and strategic upgrades: Economic Survey
The government is also aiming to make all NHs a minimum of two lanes with paved shoulders standards. New Delhi: Ribbon development or construction of buildings along national highways is posing a challenge for the construction of a new parallel road/bypass. Roadway services in India face challenges such as continuous ribbon development along highways, slow… Continue reading Government addresses challenges in national highway development with proactive measures and strategic upgrades: Economic Survey
Eco Survey showcases policy support for encouraging EVs but what’s the way forward?
The second edition of the FAME scheme was launched in 2019 – the scheme offered subsidies of up to 40% of the vehicle cost for e2ws initially. New Delhi: The electric two wheeler (e2w) industry has been rapidly consolidating as the government has been gradually reducing purchase subsidies for incentivising sales. But latest data shows… Continue reading Eco Survey showcases policy support for encouraging EVs but what’s the way forward?
Economic Survey 2023-24: PLI scheme attracts INR 67,690 cr investments
“While passenger vehicles quickly recovered, the recovery period for two-wheelers, three-wheelers, and commercial vehicles is longer,” the Economic Survey 2023-24 stated. The Economic Survey 2023-24, presented in Parliament on Monday, revealed that the production linked incentive scheme (PLI) for automobiles and auto components has attracted proposed investments of INR 67,690 crore. As of the end… Continue reading Economic Survey 2023-24: PLI scheme attracts INR 67,690 cr investments
Coal India ventures into non-coal mineral mining with graphite project
In alignment with the government’s Atmanirbharta vision, Coal India has formed a special team to focus on other critical minerals both globally and within India. Graphite is the first mineral Coal India Limited (CIL) will diversify its operations beyond coal, following an order from the Ministry of Mines granting the company a composite license for… Continue reading Coal India ventures into non-coal mineral mining with graphite project
Rising imports may pose a challenge for local steel makers: JSW Steel’s chief executive officer Jayant Acharya
“We are putting up capacities and investments to increase the availability of steel, and in doing so, are exposed to certain risks on these investments for three-four years,” Acharya said. A continued rise in steel imports at ultra-competitive rates could pose a challenge for domestic manufacturers investing in additional capacities to capture local demand that… Continue reading Rising imports may pose a challenge for local steel makers: JSW Steel’s chief executive officer Jayant Acharya
JSW Infrastructure eyes plans for green hydrogen, ammonia plants at its ports
“We’ve been approached by companies interested in the green hydrogen and ammonia segment, and we are evaluating the potential to enter this market as well,” he added. JSW Infrastructure Ltd, India’s second-largest port operator, is considering building green hydrogen and ammonia plants at its ports to diversify into this potential growth market. “This is a… Continue reading JSW Infrastructure eyes plans for green hydrogen, ammonia plants at its ports
Indian Oil sets out its non-oil business plan
Indian Oil has a strategic agreement with Japan’s Panasonic Energy to explore opportunities for manufacturing lithium-ion battery cells in India. New Delhi: Indian Oil Corp aims to boost natural gas sales threefold and renewable energy capacity to 31 GW by 2030, besides building 5 GWh of lithium-ion battery-making capacity by 2031 as it diversifies its… Continue reading Indian Oil sets out its non-oil business plan
Nippon Steel hires Mike Pompeo to advise on U.S. Steel deal
Nippon Steel’s key negotiator on the deal, Vice Chairman Takahiro Mori, visited the United States this month, including U.S. Steel facilities, and met stakeholders and employees, the company said earlier this week. Japan’s biggest steelmaker, Nippon Steel Corp., has hired former U.S. Secretary of State Mike Pompeo to help with its effort to acquire U.S.… Continue reading Nippon Steel hires Mike Pompeo to advise on U.S. Steel deal
Vedanta raised USD 1 bn through QIP share offering
The miner, owned by billionaire Anil Agarwal, is currently working on several projects, and is looking to raise funds amounting to billions of dollars. Vedanta Ltd, India’s metals-to-oil conglomerate, has raised 85 billion rupees (USD 1.0 billion) through a qualified institutional placement (QIP) that opened on July 15 at 440 rupees per share, a company… Continue reading Vedanta raised USD 1 bn through QIP share offering