The adversarial stance is likely to raise costs for General Motors, Ford and Stellantis, which almost certainly would be passed on to consumers. Reform-minded candidates won several races as members of the United Auto Workers union voted on their leaders in an election that stemmed from a federal bribery and embezzlement scandal involving former union… Continue reading Reformers take 6 of 14 UAW board seats, could win majority
Author: Economic Times of India Online News
West Bengal planning green hydrogen plant in Durgapur
Kolkata: West Bengal is planning to set up a green hydrogen plant in Durgapur, with the central government identifying the state as a potential region for its production, Power Minister Aroop Biswas said. Speaking at the ABP Group-organised INFOCOM 2022 on Saturday evening, Biswas said nearly Rs 11,900 crore of investment has been lined for… Continue reading West Bengal planning green hydrogen plant in Durgapur
FPIs turn net buyers in Nov; invest Rs 36,329 cr in equities
New Delhi: After pulling out money from Indian equities market in the past two months, FPIs made a strong come back in November with a net investment of Rs 36,329 crore on weakening of the US dollar index and positivity about overall macroeconomic trends. This was the third month (July, August and November) in this… Continue reading FPIs turn net buyers in Nov; invest Rs 36,329 cr in equities
Foreign investors upgrade India as dedicated allocation in investment portfolios
Foreign investors have upgraded India as a dedicated allocation in their investment portfolios given the strong economy, stable government and significant reforms undertaken over the last eight years, equity experts have said. According to the experts, who participated in Futures Industry Association (FIA) Asia trade conference held in Singapore from November 29 to December 1,… Continue reading Foreign investors upgrade India as dedicated allocation in investment portfolios
Reduce bank interest rates to middle class; TDA urges union finance minister
Low or no growth in salaries and food inflation together with increased expenditure on health and education. The Telangana Developers Association (TDA) has asked the union finance minister Nirmala Sitharaman to come to the rescue of middle class by proposing measures in the upcoming union budget 2023-2024 by taking measures like revising the income slab… Continue reading Reduce bank interest rates to middle class; TDA urges union finance minister
Lawmaker says EU should complain to WTO over U.S. Inflation Reduction Act
The European Union should file a complaint with the World Trade Organization (WTO) in the next few months regarding the United States’ green energy subsidy package, the head of the European Parliament’s trade committee was reported as saying on Sunday. The U.S. and the EU have so far sought to be conciliatory about the bill,… Continue reading Lawmaker says EU should complain to WTO over U.S. Inflation Reduction Act
Octopus Energy acquires British solar power developer Zestec
Octopus Energy Group’s generation arm has acquired British solar power developer Zestec Renewable Energy to build more than 100 rooftop solar projects, the company said on Friday. Zestec is developing a pipeline of more than 160 megawatts (MW) of solar capacity to allow businesses and public sector organisations to benefit from self-generated renewable power. Through… Continue reading Octopus Energy acquires British solar power developer Zestec
Odisha bags investment proposals worth Rs 8.90 lakh cr so far in biz summit
CM Naveen Patnaik with dignitaries at the conclave. Bhubaneswar: The Odisha government said that it has bagged 325 investment proposals valued at over Rs 8.90 lakh crore till the fourth day of the ongoing business summit. Four new projects were inaugurated during the five-day ‘Make In Odisha Conclave 2022’ that began on November 30, and… Continue reading Odisha bags investment proposals worth Rs 8.90 lakh cr so far in biz summit
Tata Trusts Board may consider internal candidate for CEO job
Traditionally, the Trusts have been governed by a Tata insider. Narasimhan was named the first CEO of the Tata Trusts in 2020, marking a shift to a more professional management style. Narasimhan was earlier managing director of Tata Teleservices and Tata Teleservices (Maharashtra). The Tata Trusts board of trustees is understood to be considering a… Continue reading Tata Trusts Board may consider internal candidate for CEO job
US green plan should be ‘wake-up call’ for EU industry: French minister
Washington -French Finance Minister Bruno Le Maire on Friday said Washington’s $430 billion plan to spur climate-friendly technologies in the United States must be seen as a wake-up call for Europe. The EU “must be able to sweep in front of our own door” before worrying about the effects of the US climate plan on… Continue reading US green plan should be ‘wake-up call’ for EU industry: French minister