Rajiv, an MBA from FMS and BE from Birla Institute of Technology and Sciences Pilani, joined Honda Cars in 1996 as manager of marketing. New Delhi: Former vice president (sales and marketing) Honda Cars India Ltd (HCIL) Rajiv Gupta has ended his second stint with the Japanese carmaker and joined Tricolite Electrical Industries as chief… Continue reading Rajiv Gupta quits Honda Cars; Jonis Tricolite as CEO
Author: Economic Times of India Online News
Pandemic’s 2nd wave affects momentum of road construction, but unlikely to materially change trend: Crisil
Road engineering, procurement and construction (EPC) contractors also have learnings from the first wave so scaling up can happen once the economy opens up again, just the way it did last fiscal, the report said. Mumbai: Last fiscal, the national highways sector thumbed a nose at Covid-19 and delivered a stellar performance, riding on higher… Continue reading Pandemic’s 2nd wave affects momentum of road construction, but unlikely to materially change trend: Crisil
Why India needs to revise its course curriculum to address EV skill demand
EV skilling programmes will also provide tailwinds for faster acceptance of EVs pan-India. Considering India’s 2030 SDGs (Sustainable Development Goals), EVs are essential for lowering carbon emissions. By Nikunj Sanghi Electric vehicles (EVs) have been making headlines for a few decades. But it is only in recent years that EVs have been attracting seminal interest,… Continue reading Why India needs to revise its course curriculum to address EV skill demand
Global steel prices to average $800 per tonne in H1: Fitch
Fitch said Chinese domestic demand for steel will slow overall in 2022 and beyond as balancing of the economy away from heavy industry and towards service sector resumes, which will drag down domestic steel prices in China and the global average. Go to Source
UK’s Ofgem to invest $425 mln in electric vehicle infrastructure
Britain will ban the sale of new petrol and diesel cars from 2030 as part of its goal of cutting emissions to net zero by 2050. LONDON: Britain’s energy market regulator Ofgem said on Monday it will invest 300 million pounds ($425 million) in more than 200 low-carbon infrastructure projects to prepare the country for… Continue reading UK’s Ofgem to invest $425 mln in electric vehicle infrastructure
TKM steps to ensure employee safety during the pandemic
New Delhi: Toyota Kirloskar Motor (TKM) recently released a package of comprehensive relief measures for its team members and their families by providing easy access to healthcare and other critical support during these testing times. As a part of its continued commitment to secure the health and safety of its people and the communities at… Continue reading TKM steps to ensure employee safety during the pandemic
First warning sign in the global commodity boom flashes in China
One pillar of this year’s blistering commodities rally — Chinese demand — may be teetering. Beijing aced its economic recovery from the pandemic largely via an expansion in credit and a state-aided construction boom that sucked in raw materials from across the planet. Already the world’s biggest consumer, China spent $150 billion on crude oil,… Continue reading First warning sign in the global commodity boom flashes in China
NBFCs stop lending on fear of rising defaults
The head of another NBFC in the wholesale lending business said, “Disbursement in Q1 is likely to be lower than that in Q4. CHENNAI: Hit with a drop in instalment collections due to the Covid-induced lockdowns across the country, non-bank lenders are slowing fresh disbursements and even halting them for unsecured loans. From an average… Continue reading NBFCs stop lending on fear of rising defaults
JITO Angel Network-backed Magenta EV Solutions raises USD15m In Series A funding round
Magenta aims to smart-charge 30% of all Indian EVs amounting to 3000 GW.hr of power annually by 2030. Mumbai: Electric Vehicle (EV) charging solutions company, Magenta EV Solutions Pvt Ltd (Magenta), on Saturday confirmed commitment in excess of USD 15 million (INR 120 crore) in Series A funding from eminent Indo-American philanthropist, cardiologist, and business… Continue reading JITO Angel Network-backed Magenta EV Solutions raises USD15m In Series A funding round
Elon Musk says Tesla eyeing Russia as a potential production hub
Tesla CEO Elon Musk MOSCOW: Elon Musk said on Friday that Tesla was close to establishing a presence in Russia and was looking at whether it could open factories there. Addressing an event in Russia via video link, Musk said the company already had production sites in China and the United States, but was looking… Continue reading Elon Musk says Tesla eyeing Russia as a potential production hub