The EV tax break is part of the Inflation Reduction Act, which is likely to be passed by the House of Representatives on Friday and then sent to Biden for his signature. The European Union said on Thursday it was “deeply concerned” about proposed tax credits for purchases of electric vehicles in the United States… Continue reading EU says U.S. plan for EV tax breaks discriminatory, may breach WTO rules
Author: Economic Times of India Online News
Greaves Cotton Q1 FY23 PAT at INR 16 cr; posts highest ever quarterly revenue of INR 660 cr
New Delhi: Greaves Cotton Limited on Friday reported consolidated revenues of INR 660 crore in Q1 FY23, recording a healthy YoY growth of 188% over Q1 FY22. The Company reported improved growth in profit with EBITDA at INR 38 crores and PAT of INR 16 crores. The new businesses continue to see strong growth with… Continue reading Greaves Cotton Q1 FY23 PAT at INR 16 cr; posts highest ever quarterly revenue of INR 660 cr
EU to end duty benefits for 1,800 goods under Generalised Tariff Preference Scheme
Representative Image India‘s exports of plastics, stone, machinery and mechanical appliances worth $7.9 billion to the EU will no longer be eligible for low or zero-duty concessions from January, 2023 as the bloc would withdraw these benefits under the Generalised Tariff Preference Scheme (GSP). Exports of almost 1,800 products of plastics, fur, stone, plaster, cement,… Continue reading EU to end duty benefits for 1,800 goods under Generalised Tariff Preference Scheme
India likely to be fastest growing economy, says government source
A government source on Thursday said that India is likely to be the fastest growing economy in the world this year, according to news agency PTI. The PTI source also revealed that the government is taking constant measures and is monitoring and engaging with the Reserve Bank of India (RBI) to bring down inflation. The… Continue reading India likely to be fastest growing economy, says government source
India to be fastest growing economy this year: Government source
NEW DELHI: Rising inflation rates notwithstanding, India will be the fastest growing economy in the world this year, a top government source said on Thursday. While inflation continues to be above the comfort zone, the economy has continued on its recovery path, supported by pent-up demand for services and higher industrial output. The government, the… Continue reading India to be fastest growing economy this year: Government source
COLUMN: Australia’s renewable energy ambitions dwarfed by coal, LNG juggernaut
One of the refrains of the environmental lobby is that Australia is extremely well-placed to become a renewable energy superpower, and that this will replace the loss of revenue from coal and natural gas exports. The problem is that only one of the two above assertions is accurate, namely that Australia is in pole position… Continue reading COLUMN: Australia’s renewable energy ambitions dwarfed by coal, LNG juggernaut
India needs to quadruple climate finance: Study
The Climate Policy Initiation (CPI India) on Wednesday released an update on India’s first-ever effort to track green investment flows, which are falling far short of the country’s current need for its ambitious climate targets.According to the new report, ‘Landscape of Green Finance in India’, the tracked green finance in 2019-2020 was Rs 309,000 crore… Continue reading India needs to quadruple climate finance: Study
View: Has the time come for INR to become Rupee as Reserve Currency?
The recent Indian blockbuster movie RRR ticked all the boxes – scale, entertainment, and box office collections. Set in 1920, the epic action drama is believed to be one of the most expensive and among the highest-grossing Indian films to date. It’s probably time to replicate the same success for the INR (Indian Rupee) so… Continue reading View: Has the time come for INR to become Rupee as Reserve Currency?
Honda Motor Q1 consolidated profit dips by JPY 20.9 bn on semiconductor crunch
New Delhi: Honda Motor Company on Wednesday reported a consolidated operating profit of JPY 222.2 billion (a year-on-year decrease of JPY 20.9 billion), in Q1 FY23. Meanwhile, the consolidated profit for the fiscal first quarter attributable to owners of the parent amounted to JPY 149.2 billion (a year-on-year decrease by JPY 73.2 billion), due to… Continue reading Honda Motor Q1 consolidated profit dips by JPY 20.9 bn on semiconductor crunch
South Korea’s tech exports drop in sign of cooling global demand
South Korea’s technology exports declined for the first time in more than two years in July, in a sign that global demand is cooling as concerns mount about the outlook for the world economy. Exports of information and communications products edged down 0.7% from a year earlier, after a 6.8% gain in June, trade ministry… Continue reading South Korea’s tech exports drop in sign of cooling global demand