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
Author: Economic Times of India Online News
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
M&M sells 56,148 vehicles including 27854 SUVs in July 2022
New Delhi: Mahindra & Mahindra Ltd. (M&M Ltd.) today announced that its overall auto sales for the month of July 2022 stood at 56,148 vehicles. According to Veejay Nakra, President, Automotive Division, M&M Ltd., “We continued our strong performance with sales of 27854 SUVs in July, registering a growth of 34% fuelled by robust demand… Continue reading M&M sells 56,148 vehicles including 27854 SUVs in July 2022
Over 32,000 tech workers fired in US, more than 11,000 in India till July
More than 32,000 tech workers have been laid off in the US till July, including at Big Tech companies like Microsoft and Meta (formerly Facebook) and the worst has not been over yet for the tech sector that has seen massive stock sell-off. According to the data compiled by Crunchbase, more than 32,000 workers in… Continue reading Over 32,000 tech workers fired in US, more than 11,000 in India till July
Asia’s factories squeezed by higher prices, weak demand
TOKYO: Asia’s factories struggled for momentum in July as China’s strict COVID restrictions and flagging global demand slowed production, although early signs red-hot inflation may be peaking provided some optimism for firms squeezed by prices. A series of purchasing managers’ indexes (PMI) for July released on Monday showed new orders falling in the region’s manufacturing… Continue reading Asia’s factories squeezed by higher prices, weak demand
Indo-Thai bilateral trade touched $15 billion in FY’22
The bilateral trade between India and Thailand reached an all time high of around USD 15 billion in 2021-22 as the domestic market remains attractive for Thai investors, said Union Minister of State for External Affairs Rajkumar Ranjan Singh. The economic cooperation between the two countries in trade, investment and tourism have continued to flourish… Continue reading Indo-Thai bilateral trade touched $15 billion in FY’22
Vehicle manufacturers step up production on improved semiconductor supplies
Workers install the electric motor inside a Tata Nexon electric sport utility vehicle (SUV) at the Tata Motors plant in Pune. A slowdown in consumer electronics including smartphone sales is turning out to be a blessing in disguise for more than half a million Indians waiting for delivery of their cars. A surge in demand… Continue reading Vehicle manufacturers step up production on improved semiconductor supplies