Representative image The battery manufacturing segment remains a critical cog in the overall electric vehicle (EV) ecosystem development and is garnering a lot of attention. Spurred by Government support in the form of subsidies, enhanced awareness and increasing product launches, the EV segment saw a significant upturn in prospects in FY22. EV penetration across automotive… Continue reading Rising EV demand to boost investments in battery manufacturing: ICRA
Author: Economic Times of India Online News
Where are we going to see support for GDP this fiscal? Ashima Goyal explains
RBI MPC member Ashima Goyal “RBI projections did not impute any slowdown despite the rate rises. The projection state is almost the same. This suggests that with the rate rise we need to see if there is some effect of that on construction activity,” says Ashima Goyal, Member, RBI Monetary Policy Committee. Are you disappointed… Continue reading Where are we going to see support for GDP this fiscal? Ashima Goyal explains
India’s manufacturing growth trends higher as input cost inflation eases
Going forward, the banking sector outlook depends upon the evolving geopolitical situation and its impact on global commodity prices and logistics. Factory activity in India stayed strong in August as an improvement in demand and easing input cost inflation boosted output and buoyed business confidence. The Manufacturing Purchasing Managers’ Index compiled by S&P Global dipped… Continue reading India’s manufacturing growth trends higher as input cost inflation eases
Economy likely to grow at 7-7.4% in FY23, says finance secretary
NEW DELHI: The government is expecting the economy to grow at 7-7.5 per cent in 2022-23, in line with its projections made at the beginning of this financial year. India registered a growth of 8.7 per cent in 2021-22. “We remain on course to meet the 7.4 per cent. We expect to achieve. This does… Continue reading Economy likely to grow at 7-7.4% in FY23, says finance secretary
How EVs can become cleaner as we chase the next frontier of electric mobility in India?
The automotive industry is going through a massive transformation globally, while electric vehicle (EV) sales are booming, the worldwide race to net-zero emissions is quickly pushing several key industry processes out of compliance with the accepted Worldwide Harmonized Light Vehicle Test Procedure (WLTP) standards. In an exclusive interaction with Ashish Sharma, Senior Director Automotive India,… Continue reading How EVs can become cleaner as we chase the next frontier of electric mobility in India?
UK agrees $1.35 billion of new support for London transport
LONDON – Britain’s government will provide 1.16 billion pounds ($1.35 billion) of further financial support for London transport, including the Tube and buses, until end-March 2024, operator Transport for London (TfL) said on Tuesday. The funding package replaces TfL’s last bailout, which was the fourth since the start of the pandemic in 2020. The operator… Continue reading UK agrees $1.35 billion of new support for London transport
FDI equity inflows dip 6 pc during April-June to USD 16.59 billion: DPIIT
New Delhi: Foreign Direct Investment (FDI) equity inflows into India contracted by 6 per cent to USD 16.59 billion during the April-June quarter this fiscal, according to the data of the Department for Promotion of Industry and Internal Trade (DPIIT). The inflows had stood at USD 17.56 billion during the corresponding period of the previous… Continue reading FDI equity inflows dip 6 pc during April-June to USD 16.59 billion: DPIIT
Unemployment rate dips to 7.6 pc in April-June 2022: NSO survey
New Delhi: The unemployment rate for persons aged 15 years and above in urban areas dipped to 7.6 per cent during April-June 2022 from 12.6 per cent a year ago, the National Statistical Office (NSO) said on Wednesday. Joblessness or unemployment rate is defined as the percentage of unemployed persons among the labour force. Joblessness… Continue reading Unemployment rate dips to 7.6 pc in April-June 2022: NSO survey
GDP grows at 13.5 pc in April-June quarter
New Delhi: India’s economy grew by 13.5 per cent in the first quarter of the current fiscal, mainly due to the base effect, official data showed on Wednesday. The gross domestic product (GDP) had expanded by 20.1 per cent in the corresponding April-June period of 2021-22, according to data released by the National Statistical Office… Continue reading GDP grows at 13.5 pc in April-June quarter
Insurer liable to pay compensation to spare driver if there is only claim under policy, Karnataka HC
BENGALURU: The insurer is very much liable to pay compensation in respect of a spare driver under section 147 of Motor Vehicles Act, if there is only one claim under the policy, the Dharwad bench of the Karnataka high court has ruled in a recent judgement. “However, if there are two separate claims in respect… Continue reading Insurer liable to pay compensation to spare driver if there is only claim under policy, Karnataka HC