German markets watchdog BaFin looked into trading at Daimler and also passed information to counterparts at the UK’s Financial Conduct Authority regarding trading in Aston Martin shares, the newspaper said. New Delhi: Financial regulators looked into suspicions of insider trading in carmakers Daimler and Aston Martin shares but found no evidence of wrongdoing, the Financial… Continue reading Regulators reject insider trading suspicions in Aston Martin, Daimler shares -FT
Author: Economic Times of India Online News
NHAI: Free pass to motorists living within 5km radius
Thiruvananthapuram: After facing protests from residents and political parties alike, the National Highways Authority of India (NHAI) on Tuesday agreed to provide free pass to motorists residing within five km radius of the new toll plaza at Vengara near Thiruvallam on the Kazhakootam-Karode national highway. The decision was taken after two back-to-back meetings conducted by… Continue reading NHAI: Free pass to motorists living within 5km radius
Transition of automobiles towards electric mobility inevitable: Niti Aayog CEO
Niti Aayog CEO Amitabh Kant The transition of automobiles towards electric mobility is inevitable and it is for the auto industry to make the change and drive it to make India a global leader in electric vehicles (EVs), Niti Aayog CEO Amitabh Kant said on Wednesday. Speaking at the annual convention of auto industry body… Continue reading Transition of automobiles towards electric mobility inevitable: Niti Aayog CEO
PM Modi says India remains firmly committed to move forward with goal of clean, modern mobility
New Delhi: Prime Minister Narendra Modi on Wednesday said holistic steps are being taken for the value chain associated with automobile manufacturing so that the industry becomes more productive and sustainable. In a message to the auto industry body Society of Indian Automobile Manufacturers (SIAM) on its 61st Annual Convention, the Prime Minister also stated… Continue reading PM Modi says India remains firmly committed to move forward with goal of clean, modern mobility
China eyes Afghanistan’s $1 trillion of minerals with risky bet on Taliban
Leaders of the militant group have said they want good international relations, particularly with China. When the U.S. invaded Afghanistan in 2001, the global economy looked a lot different: Tesla Inc. wasn’t a company, the iPhone didn’t exist and artificial intelligence was best known as a Steven Spielberg film. Now all three are at the… Continue reading China eyes Afghanistan’s $1 trillion of minerals with risky bet on Taliban
US-based Ohmium launches green hydrogen electrolyzer gigafactory
Green Hydrogen, which is the pollution-free fuel of the future, is industry agnostic and will facilitate India’s transition to clean energy. Renewable energy startup Ohmium International on Tuesday announced the start of India’s first green hydrogen electrolyzer gigafactory that will turn power from renewable sources into carbon-free hydrogen. The Bengaluru plant will have an initial… Continue reading US-based Ohmium launches green hydrogen electrolyzer gigafactory
SCALE suggests sector-specific strategy to boost exports, identifies 5 sectors
The committee, which has submitted its report to the Commerce Ministry, has identified five key sectors including auto and auto components, furniture, fisheries, textiles, and toys as pillars for Atmanirbhar Bharat where specific action would help in scaling up exports. New Delhi: The Steering Committee for Advancing Local Value-Add and Exports (SCALE), chaired by Mahindra… Continue reading SCALE suggests sector-specific strategy to boost exports, identifies 5 sectors
Heavy industries minister asks auto industry to support EVs
“I would like to give advice as well as request the auto industry to support electric vehicles…This sector is emerging and is a big opportunity for us…dealers, OEMs and auto component manufacturers are important part of this,” Pandey said. New Delhi: Heavy Industries Minister Mahendra Nath Pandey on Tuesday asked the automobile industry to support… Continue reading Heavy industries minister asks auto industry to support EVs
M&M changes global design positions after Ramkripa Ananthan’s resignation
Ramkripa Ananthan New Delhi: Mahindra & Mahindra has announced changes in its global design organisation after Ramkripa Ananthan ended her over two-decade stint with the company as chief of design for the automotive sector in June this year. Ramkripa’s resignation came soon after automobile designer Pratap Bose joined the Mahindra Group to head the newly-formed… Continue reading M&M changes global design positions after Ramkripa Ananthan’s resignation
Automobile dealers seek protection from sudden exits by global auto makers
Addressing the third Auto Retail Conclave, which was also attended by Minister of Heavy Industries Mahendra Nath Pandey, FADA President Vinkesh Gulati said the ministry gives permissions to MNCs such as Auto OEMs to setup businesses in India and with Prime Minister Narendra Modi’s initiative of Make in India many more MNCs will keep coming… Continue reading Automobile dealers seek protection from sudden exits by global auto makers