“FDI equity inflow grew by 168 per cent in the first three months of 2021-22 (USD 17.57 billion) compared to the year ago period (USD 6.56 billion),” it said. New Delhi: Foreign direct investment (FDI) into the country rose by more than twofold to USD 17.57 billion during April-June this fiscal on account of measures… Continue reading FDI equity inflows up 168% to USD 17.57 bn during Apr-June 2021-22
Author: Economic Times of India Online News
ASDC partners with Hero MotoCorp to bridge digital skill gap at auto dealerships
As per the Memorandum of Understanding (MoU), the partnership is to train the dealership Staff in an apprenticeship model. New Delhi: The Automotive Skills Development Council (ASDC) and country’s largest two wheeler maker Hero MotoCorp have partnered to bridge the digital skill gap at the country’s auto dealerships. As per the Memorandum of Understanding (MoU),… Continue reading ASDC partners with Hero MotoCorp to bridge digital skill gap at auto dealerships
Automobiles restrain US consumer spending, monthly inflation slowing
WASHINGTON: U.S. consumer spending slowed in July as a decline in motor vehicle purchases due to shortages offset a rise in outlays on services, supporting views that economic growth will moderate in the third quarter amid a resurgence in COVID-19 infections. But the foundation for the recovery remains solid, with the report from the Commerce… Continue reading Automobiles restrain US consumer spending, monthly inflation slowing
139km stretch of Nagpur-Hyderabad highway may be monetized
NAGPUR: The 139-km stretch of Nagpur-Hyderabad-Bengaluru national highway is likely to be part of the National Monetization Pipeline (NMP), announced by the Centre recently. The stretch will be from Borkhedi toll plaza to Telangana border, say sources in National Highways Authority of India (NHAI). Union minister for finance and corporate affairs Nirmala Sitharaman had on… Continue reading 139km stretch of Nagpur-Hyderabad highway may be monetized
What will clean energy mean for India’s future?
The PM announced a vision of achieving 100pc energy independence by the time India celebrates its 100 years of independence. He elaborated on India’s ambitious renewable energy targets of 450GW to be achieved by 2030. At the recently concluded meetings with UK minister and COP26 President, Alok Sharma, the Indian govt said that the 450GW… Continue reading What will clean energy mean for India’s future?
Canada joins Mexico in seeking consultation with U.S. over USMCA content rules
OTTAWA/MEXICO CITY – Canada has joined Mexico in seeking formal consultation with the United States over the interpretation of content rules for automobiles set out in the North American trade pact, Mexico and Canada said on Friday. Mexico on Aug. 20 requested the formal consultation over the interpretation and application of tougher content rules for… Continue reading Canada joins Mexico in seeking consultation with U.S. over USMCA content rules
ACMA appoints SONA Comstar chairman Sunjay J Kapur as president
Shradha Suri Marwah, chairperson and managing director of Subros Ltd. was appointed vice president of ACMA on Friday. New Delhi: Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s auto component manufacturing industry, on Friday appointed Sunjay J Kapur, chairman, SONA Comstar Ltd. as president, and Shradha Suri Marwah, chairperson and managing… Continue reading ACMA appoints SONA Comstar chairman Sunjay J Kapur as president
Maruti Suzuki invites startups under 6th cohort of MAIL initiative
According to the carmaker, the winning startups will get an opportunity to undertake a paid Proof of Concept (PoC) with the Company. These selected startups will be closely mentored by industry experts in the domestic and international startup ecosystem. New Delhi: Maruti Suzuki India Limited (MSIL) on Friday said it is welcoming applications for the… Continue reading Maruti Suzuki invites startups under 6th cohort of MAIL initiative
NHAI to be flag-bearer of Centre’s Rs 6 lakh crore asset monetisation plan
The National Highways Authority of India (NHAI) will be the flag-bearer of the government’s asset monetisation programme with a plan to raise about Rs 30-40,000 crore through monetisation of its operational stretches over the next two years. The company officials indicated that the disruptions in wake of pandemic delayed some of its asset monetisation plan,… Continue reading NHAI to be flag-bearer of Centre’s Rs 6 lakh crore asset monetisation plan
Union Power Minister asks all Ministers, CMs to convert official fleets to EVs
Union Minister of power and renewable energy R K Singh New Delhi: The Union Minister of power and renewable energy R K Singh has urged the Union Ministers and Chief Ministers of States to use EVs for all official purposes. According to a recent PIB notification, Singh has written to all the Union Ministers including… Continue reading Union Power Minister asks all Ministers, CMs to convert official fleets to EVs