Kolkata: The National Green Tribunal’s eastern bench on Tuesday issued an air clean-up order that calls for scrapping all vehicles, commercial and private, that are over 15 years old within six months in 32 cities across the state including Kolkata and Howrah. It also ordered phasing out of public transport (buses and cabs) that have… Continue reading Scrap all vehicles over 15 yrs in Bengal cities in 6 mths: NGT
Author: Economic Times of India Online News
IMF cuts India’s growth forecast, ups global inflation projection
India’s gross domestic product growth slowed to 4.1% in the January-March quarter as FY22 ended with an 8.7% expansion. The International Monetary Fund on Tuesday slashed India’s growth outlook for FY23 to 7.4% from 8.2% forecast in April saying that the revision reflects mainly less favorable external conditions and more rapid policy tightening. In April,… Continue reading IMF cuts India’s growth forecast, ups global inflation projection
Bajaj Auto Q1 PAT dips marginally to INR 1,163 crore
New Delhi: Home-grown auto major Bajaj Auto on Tuesday reported a 0.6% decline in its consolidated profit after tax at INR 1163.33 crore for the June quarter compared with INR 1,170.17 crore in the year-ago quarter. Revenues from operations rose 7.65% at INR 7,768.89 crore for the June quarter compared with INR 7216.57 crore in… Continue reading Bajaj Auto Q1 PAT dips marginally to INR 1,163 crore
IMF cuts global growth forecasts, warns high inflation threatens recession
The IMF cut its eurozone growth outlook for 2022 to 2.6% from 2.8% in April, reflecting inflationary spillovers from the war in Ukraine. The International Monetary Fund cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materializing and could push the world economy to the… Continue reading IMF cuts global growth forecasts, warns high inflation threatens recession
Explainer-India’s economic outlook at the mercy of monsoon
The spread and distribution of monsoon rainfall has been erratic across India. Overall monsoon rains were 8% below average in June, with a shortfall as high as 54% in some regions. The monsoon, which accounts for about 75% of India‘s annual rainfall, is the lifeblood of its nearly $3 trillion agriculture-dependent economy. Asia‘s third-largest economy… Continue reading Explainer-India’s economic outlook at the mercy of monsoon
Dassault Systemes raises annual targets after sales beat
The company said the industrial business was one of the main drivers for growth, with Catia, Enovia and Delmia brands all delivering double-digit growth. By Jagoda Darlak and Federica Mileo French software maker Dassault Systemes on Tuesday raised its annual forecasts after reporting second-quarter revenue above analysts’ expectations driven by its industrial business. The group,… Continue reading Dassault Systemes raises annual targets after sales beat
Globalization is just getting started
Like it or not, we live in a globalized economy. How you define or measure globalization can vary, but it tends to just mean greater financial integration among countries, as well as more political cooperation, immigration, and trade of goods and services. In all these domains, globalization has been on the rise until recently. Some… Continue reading Globalization is just getting started
Global growth fears, Fed keep dollar propped up
The U.S. dollar index was slightly lower at 106.320, but not too far below a 20-year high of 109.290 hit in mid July, as the greenback draws strength both from the expectation of U.S. rate rises and as a safe bet in a global slowdown. SINGAPORE – The dollar wobbled around just below multi-decade peaks… Continue reading Global growth fears, Fed keep dollar propped up
Debt raised by state PSUs to be considered borrowing by state: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Monday said the borrowing by state public sector undertakings or their special purpose vehicles (SPVs) will be considered as borrowing by the state government needing consent. Instances of borrowing by certain state public sector companies, SPVs and other equivalent instruments, where principal and/or interest are to be serviced out of… Continue reading Debt raised by state PSUs to be considered borrowing by state: FM Nirmala Sitharaman
We are close to achieving 20 MW/h energy storage capacity annually: Ankit Mittal, Founder, Sheru
Sheru is a new generation energy storage company with a unique concept of cloud storage of energy. Sheru solves the problem of lack of storage by aggregating idle battery capacity to create a virtual energy storage platform. Power producers and utilities can store their energy virtually, on-demand, and on a pay-per-use basis. In an exclusive… Continue reading We are close to achieving 20 MW/h energy storage capacity annually: Ankit Mittal, Founder, Sheru