Under Geely’s planned scheme, the carmaker will issue up to 350 million new shares for employees, representing around 3.56% of the company’s current total number of issued shares, Geely said in a filing at Hong Kong Stock Exchange. BEIJING: Chinese automaker Geely Automobile said on Monday that it had proposed a share award scheme for… Continue reading China’s Geely plans staff share award scheme in ‘common prosperity’ push
Author: Economic Times of India Online News
Regional variations in sales expectations of auto dealers, finds CRISIL survey
According to the latest dealer survey by the ratings agency CRISIL, automobile dealers expect a patchy sales recovery this fiscal. Regional performance varies sharply and the north Indian dealers appear most impacted. About 44% PV dealers in the north, 40% CV dealers in the south expect YoY sales decline in FY22. New Delhi: This year’s… Continue reading Regional variations in sales expectations of auto dealers, finds CRISIL survey
Fintech firm Ideanomics to buy VIA Motors for nearly USD 630 million
The acquisition comes as several automakers are competing to develop electric vehicles after China, Europe and other countries and regions mandated lower carbon emissions. New Delhi: Financial technology company Ideanomics Inc said on Monday that it will acquire VIA Motors International Inc in an all-stock deal that would value the electric commercial vehicle firm at… Continue reading Fintech firm Ideanomics to buy VIA Motors for nearly USD 630 million
Why SMEs need insurance cover to manage risks
It is important that every company evaluates the need for insurance as per the size of the company and number of employees. This pandemic has not spared any individual, business or sector. From large corporate houses, to smaller and micro companies, every industry felt the impact. SME sector was severely affected by the pandemic as… Continue reading Why SMEs need insurance cover to manage risks
Ez4EV to soon launch on-demand mobile charging stations for electric vehicles
Representative Image Battery storage and charger development firm Ez4EV will soon provide on-demand mobile charging solutions EzUrja (easy oorja) for electric vehicles (EVs) at the locations chosen by consumers. Like the mobile ATMs (cash dispensers), EzUrja can be located anywhere for providing charging facilities to electric vehicles. “Ez4EV Private Ltd is all set to launch… Continue reading Ez4EV to soon launch on-demand mobile charging stations for electric vehicles
FPIs net buyers in Aug, invest Rs 986 cr in equities
New Delhi: Foreign portfolio investors (FPIs) pumped in a net of just Rs 986 crore in Indian equities during August, as cautiousness continued to persist among overseas investors. According to data from depositories, FPIs bought equities worth Rs 986 crore and invested Rs 13,494 crore in the debt segment between August 2-27. This translated into… Continue reading FPIs net buyers in Aug, invest Rs 986 cr in equities
Exclusive: Mahesh Babu set to join Ashok Leyland’s EV business
Mahesh Babu, ex CEO of Mahindra Electric Mahesh Babu, ex CEO of Mahindra Electric is set to join Chennai based Ashok Leyland Limited. He is expected to take over as the CEO of the company’s EV business, Switch Mobility from September 1, people in the know informed ET Auto. Ashok Leyland, the commercial vehicle major… Continue reading Exclusive: Mahesh Babu set to join Ashok Leyland’s EV business
All macroeconomic parameters improved in last 4 years: NITI Aayog
NITI Aayog vice chairman today termed the performance of the Modi government as ‘miraculous’ saying that all the macroeconomic parameters including growth, inflation and fiscal deficit have shown considerable improvement in the last four years. The government has done well on all fronts considering that the country plunged into a state of policy paralysis and… Continue reading All macroeconomic parameters improved in last 4 years: NITI Aayog
Digitally-enabled businesses engineered for profitable growth: KPMG
New Delhi: New digital technologies like artificial intelligence, cognitive deep learning, autonomous machines and big data analytics are today enabling companies to make the leap to smart, data-driven flexible, agile and connected operations, KPMG in India has said. While digital transformation is need of the hour, it is completely impossible to achieve this without high… Continue reading Digitally-enabled businesses engineered for profitable growth: KPMG
Kia workers OK wage deal without strike for 1st time in 10 years
Kia said 68 percent of 26,945 workers voted in favor of wage offers that include an increase of 75,000 won ($64.30) in monthly basic pay, two months of wages in performance-based pay and cash bonuses worth 5.8 million won. Seoul: Unionised workers at Kia, South Korea‘s second-biggest carmaker, have voted to accept the company’s wage… Continue reading Kia workers OK wage deal without strike for 1st time in 10 years