IIBX has three vaults at GIFT City where 446 tonnes of gold and 2,580 tonnes of silver can be stored. India is set to save billions of dollars in foreign currency over the years as the world’s biggest buyer of gold routes sizable annual imports through a dedicated bullion exchange Prime Minister Narendra Modi believes… Continue reading Bullion Exchange set to aid India’s forex
Author: Economic Times of India Online News
‘Looking to raise ₹300cr, will roll out EV charging’
Representative Image Pune: The co-founder of the energy distribution start-up Repos Energy, Aditi Bhosale Walunj, has said that her firm is looking to raise around Rs 300 crores by the end of the ongoing fiscal, which will also include the full rollout of its Datum on-site fuel dispensers, as well as upscaling its stationary and… Continue reading ‘Looking to raise ₹300cr, will roll out EV charging’
Auto Sales in July 2022: PVs on upswing, 2Ws improve, CVs dip sequentially
Representative Image New Delhi: The first month of the second half of this year reflected a mixed bag of sales. On a year-on-year basis, domestic sales for all the segments during July 2022 remained in the green, barring the tractors. However, on a month-on-month basis, two-wheeler sales improved marginally and CV makers reported a drop.… Continue reading Auto Sales in July 2022: PVs on upswing, 2Ws improve, CVs dip sequentially
No question of India getting into recession or stagflation: Nirmala Sitharaman’s rejoinder in Lok Sabha
“India’s general debt is also in a good position compared to many other countries,” she said. Partaking in a debate on price rise, finance minister Nirmala Sitharaman in Lok Sabha today categorically refused to associate terms like- stagflation and recession with the current state of Indian economy. “India’s general debt is also in a good… Continue reading No question of India getting into recession or stagflation: Nirmala Sitharaman’s rejoinder in Lok Sabha
Volkswagen records an upward trend in H1 FY23
New Delhi: The Volkswagen brand recently reported an operating result before special items of EUR 1.9 billion (first half of 2021: EUR 1.2 billion). The operating return on sales before special items rose to 5.6% (first half of 2021: 3.4%). According to the Group, the half-year result benefited in particular from a strong second quarter.… Continue reading Volkswagen records an upward trend in H1 FY23
Looking to raise Rs 300 cr, will roll out stationary and mobile EV charging: Repos
Pune: The co-founder of the energy distribution start-up Repos Energy, Aditi Bhosale Walunj, has said that her firm is looking to raise around Rs 300 crores by the end of the ongoing fiscal, which will also include the full rollout of its Datum on-site fuel dispensers, as well as upscaling its stationary and mobile electric… Continue reading Looking to raise Rs 300 cr, will roll out stationary and mobile EV charging: Repos
Upcoming cars and bikes in India in August 2022: Royal Enfield Hunter 350 to Hyundai Tucson
The month of July 2022 saw a range of cars as well as bikes being launched in the Indian market across different segments, including TVS Ronin, BMW G 310 RR, Citroen C3, Volvo XC40 Recharge, and so on. Similarly, the month of August is also expected to be big on car and motorcycle launches, with… Continue reading Upcoming cars and bikes in India in August 2022: Royal Enfield Hunter 350 to Hyundai Tucson
India’s manufacturing PMI at 8-month high as easing price pressures lift demand
New orders and output grew at their weakest rate since September last year and firms hired at a slower pace in June. India’s manufacturing sector witnessed an upsurge at its quickest pace in eight months in July owing to robust growth in new orders and output as demand continued to advance on the back of… Continue reading India’s manufacturing PMI at 8-month high as easing price pressures lift demand
July GST revenue at ₹1.48 lk cr; up 28% YoY and second-highest since rollout
The gross goods and service tax (GST) revenue collected in the month of July stood at Rs 1,48,995 crore, which is the second highest ever since the introduction of GST and up 28% year-on-year, the Finance Ministry said in a press release on Monday. June GST collections had risen 56% YoY to Rs 1.44 lakh… Continue reading July GST revenue at ₹1.48 lk cr; up 28% YoY and second-highest since rollout
Tata Motors domestic sales at 78,978 units in July, EVs cross 4000 mark
New Delhi: Auto major Tata Motors on Monday said it has clocked total domestic sales of 78,978 units in July 2022, marking a year-on-year growth of 52%. The company reported sales of 51,981 units in July 2021. In the passenger vehicle segment, Tata Motors reported an uptick of 57% at 47,505 unit sales in July… Continue reading Tata Motors domestic sales at 78,978 units in July, EVs cross 4000 mark