Several economists saw the combination of central banks tightening rates, the increasing likelihood of an economic recession, and commodity prices giving up gains made in the wake of Russia’s invasion of Ukraine, as contributing factors to declining price pressures. Central banks and markets may have dropped the narrative that inflation is “transitory,” but there is… Continue reading Signs emerge that global inflation could be transitory: Former policymakers
Author: Economic Times of India Online News
Forex reserves fall by another $1.152 billion
Reserves had fallen over $15 billion over the two preceding weeks. India’s foreign exchange reserves got depleted by another $1.152 billion in the week to July 22, reflecting the unabated fall in reserves albeit at a lesser pace. The reserves stood at $571.560 billion as against the all-time high of $642.453 billion seen on September… Continue reading Forex reserves fall by another $1.152 billion
PM to dedicate, lay foundation stone of green energy projects of NTPC worth over Rs 5,200 cr
The green hydrogen mobility Project at Leh, Ladakh is a pilot project and aims for five fuel cell buses to be run in and around Leh, the statement said. New Delhi: Prime Minister Narendra Modi will on Saturday dedicate and also lay the foundation stone of various green energy projects of National Thermal Power Corporation… Continue reading PM to dedicate, lay foundation stone of green energy projects of NTPC worth over Rs 5,200 cr
India’s imports from China increased 29% in 5 years: Centre in Parliament
Several trade remedial actions have been taken against imports from China to protect the domestic industry from serious injury against unfair trade, the minister said in her reply. NEW DELHI: India’s total imports from China increased by nearly 29 per cent in the past five years. Compared to 2017-18 and 2021-22, the annual imports from… Continue reading India’s imports from China increased 29% in 5 years: Centre in Parliament
EKI Energy Services Q1 net profit rises to INR 107 crore
EKI Energy Services Ltd (EKI) on Friday posted an over three-fold increase in standalone profit after tax to INR 106.98 crore in the June quarter, driven by higher income. The company had clocked a INR 35.70 crore Profit After Tax (PAT) during the April-June period FY22, EKI said in a regulatory filing. It had reported… Continue reading EKI Energy Services Q1 net profit rises to INR 107 crore
ICRA upgrades retail sector outlook to stable from negative
According to ICRA’s analysis on the industry, retail firms in its sample set will see operational profit margins (OPMs), driven by the advantages of operating leverage. Credit rating agency ICRA has upgraded retail sector outlook to stable from negative; and said the sector likely to witness 12-13% YoY revenue growth in FY2023, with a YoY… Continue reading ICRA upgrades retail sector outlook to stable from negative
India received highest ever FDI inflow of over INR 6 crore in FY 2021-22
India received its highest ever Foreign Direct Investment (FDI) inflow of INR 6,31,050 crore in Financial Year 2021-22 said Som Parkash, Minister of State in the Ministry of Commerce and Industry. The FDI Equity inflow in manufacturing sectors has increased to INR 1,58,332 crore in the financial year 2021-22 from INR 89,766 crore in the… Continue reading India received highest ever FDI inflow of over INR 6 crore in FY 2021-22
India needs to set up 46,000 EV charging stations by 2030 to match global benchmark
India needs to set up 46,000 electric vehicle charging stations by 2030 to reach global benchmark, suggests a white paper released on Friday. EV charger ratio is 6 both for China and the Netherlands, 19 for the US while it stands 135 for India. That means there is one charger per 135 EVs in India… Continue reading India needs to set up 46,000 EV charging stations by 2030 to match global benchmark
Pre-owned vehicle demand is very buoyant, heavy vehicle demand has picked up: Ramesh Iyer
Ramesh Iyer “There could be some marginal shift within these segments so far as tractor and utility vehicles and car segment is concerned you are right, we are the market leaders in the rural market clearly, our market shares are high, and the growth rate will come from the overall volume that we see from… Continue reading Pre-owned vehicle demand is very buoyant, heavy vehicle demand has picked up: Ramesh Iyer
Xiaomi’s $10 billion electric vehicle project said to hit regulatory barrier
Xiaomi Corp. is facing difficulties getting regulatory approval for its electric vehicle project in China, an unexpected hurdle for the smartphone giant’s $10 billion carmaking endeavor. The Beijing-based company has been talking to officials at the National Development and Reform Commission about the licensing for months without success, according to people familiar with the matter.… Continue reading Xiaomi’s $10 billion electric vehicle project said to hit regulatory barrier