The EU imported 16 million tons of finished steel products from Asia in 2023, with mills from South Korea, Japan, Taiwan, China, India and Turkey competing in a highly price-sensitive market. On Thailand’s eastern coast, plans are underway to build an electric arc furnace that will deliver green steel to Europe and benefit from contentious… Continue reading New green steel firms could reap rewards as EU carbon tariffs loom
Author: Economic Times of India Online News
MCD’s e-vehicle push in low gear
Whilst most charging stations are concentrated in south, central, and east Delhi, the administration is now focusing on expanding infrastructure to outer areas. MCD has activated 308 e-charging stations across its jurisdiction, as part of its initiative to encourage electric vehicle usage. The progress, however, appears sluggish, given that authorisation for 570 stations was received… Continue reading MCD’s e-vehicle push in low gear
Rupee may slip to record low as worries over Trump win weigh on Asia FX
Updated On Nov 11, 2024 at 09:02 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals It’s “quite likely that it (rupee) will remain in a tight range with the RBI guarding against sharp declines,” a trader at a state-run bank said. The Indian rupee may slip to an all-time low at… Continue reading Rupee may slip to record low as worries over Trump win weigh on Asia FX
End of EV subsidies, more industry tariffs may be on the cards under Trump: Report
“We can expect similar automotive tariffs to be maintained now that Trump is elected,” said the report. New Delhi: The US’ Inflation Reduction Act (IRA) and federal EV manufacturing and consumer subsidies could be at risk in the new Donald Trump administration, according to a report on Saturday. Trump has been very pro-tariff and plans… Continue reading End of EV subsidies, more industry tariffs may be on the cards under Trump: Report
India’s steel exports clock double digit growth in October
Similarly, JSW Steel CEO Jayant Acharya said in an investor call that prices are looking up, after the sharp decline in September when imports had surged to a record high. New Delhi: India’s steel exports recorded a double-digit growth of 11% in October compared to the previous month, indicating an improved outlook for the sector,… Continue reading India’s steel exports clock double digit growth in October
CAQM for intensified actions to remove highly polluting vehicles in Delhi
The Commission also reminded the authorities that timely resolution is crucial for maintaining the integrity of the enforcement process and for achieving the broader objectives of air pollution control. New Delhi: Commission for Air Quality Management (CAQM), tasked with improving air quality in Delhi-NCR, has directed intensified actions to remove highly polluting end-of-life (EoL) vehicles… Continue reading CAQM for intensified actions to remove highly polluting vehicles in Delhi
India’s coal import rises 8% to 140.60 MT in Apr-Sept
Of the total imports in September, non-coking coal volume was 13.24 MT, against 14.88 MT in the year-ago month. India’s coal import rose by 7.8% to 140.60 million tonne (MT) in the April-September period of the ongoing financial year. The country’s coal import was 130.34 MT in the year-ago period, according to data compiled by… Continue reading India’s coal import rises 8% to 140.60 MT in Apr-Sept
China, Indonesia enhance ties with key deals on lithium, green energy, tourism
Both nations also plan to collaborate more closely in the mining sector, leveraging their respective resource endowments and production capacities. China and Indonesia have agreed to strengthen cooperation in key sectors, including lithium, new energy vehicles, green energy and tourism, according to a joint statement released on Saturday. The statement followed a meeting between Chinese… Continue reading China, Indonesia enhance ties with key deals on lithium, green energy, tourism
Auto companies embrace premium retail formats to tap into India’s luxury market
The push for premiumisation is being led by both mass-market and luxury car brands. As Indians’ appetite for luxury products and experiences continues to rise, automobile companies are launching exclusive new retail formats to cater to this demand, reported TOI. This shift comes even as the broader car market remains cautious and sluggish, despite a… Continue reading Auto companies embrace premium retail formats to tap into India’s luxury market
Rupee weakens to record low, logs worst week in five months
Overseas investors have pulled out over USD 1.5 billion from Indian stocks over November so far, adding to the USD 11 billion of outflows in October. The Indian rupee weakened to a record low on Friday and logged its worst weekly fall since May, pressured by sustained outflows from local stocks and expectations of a… Continue reading Rupee weakens to record low, logs worst week in five months