LONDON: The global economy is increasingly at risk of sliding into recession, surveys showed on Tuesday, as consumers faced with generation-high inflation rein in spending while central banks are tightening policy aggressively just when support is needed. And supply chains yet to recover from the coronavirus pandemic have been further damaged by Russia’s invasion of… Continue reading World at rising risk of recession as inflation hits consumers
Author: Economic Times of India Online News
India to incentivize rupee-settled exports to boost Russia trade: Report
MUMBAI: India may give incentives to exporters settling trades using rupees to boost the acceptability of the currency and increase the sales of goods to Russia, which has fallen because of western sanctions, according to government and industry sources. The move is designed to boost Russian trade after the Reserve Bank of India (RBI) put… Continue reading India to incentivize rupee-settled exports to boost Russia trade: Report
Canada, Germany aim to start hydrogen shipments in 2025
STEPHENVILLE: The leaders of Germany and Canada said Tuesday a new hydrogen pact will kick-start a transatlantic hydrogen supply chain, with the first deliveries expected in just three years. Prime Minister Justin Trudeau and German Chancellor Olaf Scholz signed the deal in the port town of Stephenville, Newfoundland. A Canadian company has plans to build… Continue reading Canada, Germany aim to start hydrogen shipments in 2025
India economic indicators gave mixed signals on recovery in July
India’s business and consumption activity showed conflicting signs of recovery in July as elevated inflation, rising borrowing costs and fears of a global slowdown weighed on Asia’s third-largest economy. Demand for Indian goods and services softened, a cross-section of high-frequency indicators compiled by Bloomberg News showed. The needle on a dial measuring so-called animal spirits,… Continue reading India economic indicators gave mixed signals on recovery in July
FADA appoints Manish Raj Singhania as President for 2022-24
Manish Raj Singhania, FADA President New Delhi: The Federation of Automobile Dealers Associations (FADA) on Wednesday said it has appointed Manish Raj Singhania as the auto dealers’ lobby body’s 36th President for 2022-24. The appointment was made at the 37th Governing Council Meeting, which was held immediately after the 58th Annual General Meeting at Raipur,… Continue reading FADA appoints Manish Raj Singhania as President for 2022-24
How global firms are looking at the Indian investment story
The huge spurt in e-commerce has pushed many consumers into loyalty toward companies and brands. India started this year on a high with eight new startups making it to the list of Unicorn companies in the first 40 days of the year. According to a Price Waterhouse Cooper report, over 50 Indian startups may be… Continue reading How global firms are looking at the Indian investment story
New electric vehicle tax credits raise talk of trade war
Adam Hodge, a spokesman for the U.S. Trade Representative, said the intent of the tax credit is to boost “U.S. EV manufacturing, infrastructure, and innovation that will help us meet our clean energy goals, reduce costs, and create jobs” and “to reduce our dependence on China” for critical materials. WASHINGTON – A new tax credit… Continue reading New electric vehicle tax credits raise talk of trade war
Chinese airline owner Juneyao Group plans to enter booming EV market: Sources
EVs, including pure-electric and plug-in hybrids, accounted for 22% of sales in the first seven months of the year, according to Chinese industry data, the highest proportion among major global markets. SHANGHAI – Juneyao Group, the parent of Chinese carrier Juneyao Airlines , plans to start making electric vehicles (EV), two people with knowledge of… Continue reading Chinese airline owner Juneyao Group plans to enter booming EV market: Sources
Businesses have a hard time finding skilled manpower
Representative Image A large logistics and grocery delivery company based out of Bengaluru was planning to hire about 3,000 warehouse and supply chain professionals in August. So far, it has managed to recruit only 2,000 and isn’t sure if it could meet the target. “Companies have a target to meet and lack of manpower can… Continue reading Businesses have a hard time finding skilled manpower
Tata Motors signs PPA with Tata Power to develop onsite solar project
Representational image Tata Motors has signed a Power Purchase Agreement (PPA) with Tata Power to develop a 7.25 Mwp onsite solar project at its commercial vehicle manufacturing facility here. The project will be a significant move to increase the renewable energy portfolio at its manufacturing facility, the company said in a statement on Tuesday. With… Continue reading Tata Motors signs PPA with Tata Power to develop onsite solar project