Mumbai: Foreign portfolio investors (FPI) have made a net investment of Rs 5,001 crore so far in August in Indian equities, according to data from NSDL. The FPIs have made a comeback after a net outflow of Rs 11,308 crore in July. With the investments in August, the net FPI investment in the equities segment… Continue reading FPIs invest Rs 5,001 cr in Indian equities so far in August
Author: Economic Times of India Online News
Get My Parking aims to double revenue to USD 5 mn during current fiscal
As much as USD 4.5 million of the total capital have already been invested in product and market development besides inducting fresh talent, Pansare added. Mumbai: Mobility start-up Get My Parking is looking to double its revenue to USD 5 million (about Rs 37 crore) this fiscal, on the back of an expected complete unlocking… Continue reading Get My Parking aims to double revenue to USD 5 mn during current fiscal
Formal job creation rebounded in June: EPFO data
EPFO is the country’s principal organization responsible for providing social security benefits to the organized/semi-organized sector workforce covered under the statute of EPF & MP Act, 1952. Formal job creation rebounded in June when the second wave of the pandemic had started waning. Payroll data by the Employees Provident Fund Organisation shows 1.28 million net… Continue reading Formal job creation rebounded in June: EPFO data
Auto Sector: Continued sequential recovery seen in July, says Ind-Ra
“Automotive dealerships have reopened in almost all parts of the country and consumer sentiments have improved on a steady decline in daily Covid cases. July 2021 volumes remained below pre-Covid levels (16 per cent below July 2019),” the rating agency said. New Delhi: Continued sequential recovery has been seen in the auto sector in July… Continue reading Auto Sector: Continued sequential recovery seen in July, says Ind-Ra
Mexico wants talks with United States over auto content rules in trade pact
In May, Mexico voiced disagreement over the issue in a three-way online virtual meeting when it cited differences with the United States methods. Canada and Mexico use more flexible interpretations. By Sharay Angulo MEXICO CITY: Mexico sought formal consultation with the United States on Friday over the interpretation and application of tougher content rules for… Continue reading Mexico wants talks with United States over auto content rules in trade pact
Fuel taxes set off inflation worries at Monetary Policy Committee meeting
The minutes of the Reserve Bank of India‘s Monetary Policy Committee meeting, released on August 20, show that concerns were raised about rising fuel prices. One member, JR Varma, voted to raise the reverse repo rate on the back of those fears. The Indian government’s move to pass on the costs of global crude oil… Continue reading Fuel taxes set off inflation worries at Monetary Policy Committee meeting
Soon, pay toll on part of Delhi-Meerut e-way
New Delhi: In what could come as a big relief “for some time” for a large number of daily office goers using the Delhi-Meerut Expressway, the NHAI won’t charge toll from commuters for using the barricaded or access-controlled stretch from Nizamuddin Bridge up to Dasna. However, those going up to Meerut will have to pay… Continue reading Soon, pay toll on part of Delhi-Meerut e-way
Want development, no speed breakers: CM tells Gadkari
(Image for representational purpose) Nagpur: State chief minister Uddhav Thackeray took a dig at Union minister Nitin Gadkari saying, “We want Maharashtra’s development and will not allow any speed breakers in its progress.” Thackeray was referring to Gadkari’s recent letter to the CM which stated that Shiv Sainiks were putting a spoke in the wheel… Continue reading Want development, no speed breakers: CM tells Gadkari
Global chip shortage hits Pakistan’s automobile industry
Islamabad: A global shortage of semiconductor chips has affected consumers of cars and households in Pakistan, according to industry players. According to them, the lack of availability has also affected prices of chips and delivery times, The Express Tribune reported. South Korea, China and the United States have announced plans to fund semiconductors research and… Continue reading Global chip shortage hits Pakistan’s automobile industry
The electric vehicle boom is pay-dirt for factory machinery makers
he investment surge by both new and established automakers in the electric vehicle market is a bonanza for factory equipment manufacturers that supply the highly automated picks and shovels for the prospectors in the EV gold rush. By Ben Klayman DETROIT: The investment surge by both new and established automakers in the electric vehicle market… Continue reading The electric vehicle boom is pay-dirt for factory machinery makers