On the completion of the deal, TML Business Analytics Services Limited will be changed to ‘Tata Motors Passenger Vehicles Limited’. Mumbai: Shareholders of Tata Motors have approved the hiving off of its passenger vehicles business into a separate entity. The shareholders on March 5, resolution for approving the scheme of arrangement between Tata Motors Limited… Continue reading Tata Motors shareholders’ give nod to hive-off PV biz into new entity
Author: Economic Times of India Online News
City gets state’s first intellectual property rights facilitation centre
Though the government has sanctioned the centre for the city’s business body, Auto Parts’ Manufacturers’ Association (APMA), it will offer services to all other sectors as well in filing for patents, copyrights, trademarks, and industrial designs. Ludhiana: In a good news for the local industry, the Central government has approved an Intellectual Property Rights Facilitation… Continue reading City gets state’s first intellectual property rights facilitation centre
Higher infra spend ups ‘Construction Equipment’ volumes
The agency pointed out that continued limited fiscal bandwidth with state governments to invest in infrastructure and the price hikes following the upcoming emission norm change in April 2022 as two critical demand headwinds in the coming quarters. New Delhi: Heightened focus on infrastructure spend, particularly in the road infrastructure segment has led to a… Continue reading Higher infra spend ups ‘Construction Equipment’ volumes
Mobility hackathon picks six projects to address existing challenges
Representative Image. New Delhi: The mobility hackathon organised by India and Sweden has picked six projects to address existing challenges including safe transport and emissions in traffic. The virtual award ceremony of ‘Sweden-India Mobility Hackathon: Changing the way we move!’, which was held from February 26 to 28, was conducted on Wednesday. It was attended… Continue reading Mobility hackathon picks six projects to address existing challenges
Mexico auto output dives in February amid bad weather, chip shortages
Representative Image MEXICO CITY: Mexican automotive production and exports tumbled in February, data from the national statistics agency (INEGI) showed on Friday, hit by temporary closures of factories due to bad weather and a global semiconductor chip shortage. Auto output plunged 28.85% from February 2020 to 238,868 units, the figures showed, while auto exports declined… Continue reading Mexico auto output dives in February amid bad weather, chip shortages
Shrem Group files for Rs 600 crore InvIT IPO
New Delhi: Shrem Group has filed for a Rs 600 crore initial public offering of its infrastructure investment trust (InvIT), according to people aware of the matter. The group promoted by the Chhatwal brothers operates Fairmont hotels in India and is a shareholder in Mumbai’s Nanavati Hospital. It acquired 24 road assets from Dilip Buildcon… Continue reading Shrem Group files for Rs 600 crore InvIT IPO
Elon Musk loses $27 billion as historic wealth gains unravel
By Devon PendletonElon Musk set records last year for one of the fastest streaks of wealth accumulation in history. The reversal is underway, and it’s steep. The Tesla Inc. chief executive officer lost $27 billion since Monday as shares of the automaker tumbled in the selloff of tech stocks. His $156.9 billion net worth still… Continue reading Elon Musk loses $27 billion as historic wealth gains unravel
Mega steel plant to bring new wave of economic development, create jobs in Odisha: Dharmendra Pradhan
Union minister Dharmendra Pradhan on Friday said the Rs 50,000 crore integrated steel plant in Odisha will bring a new wave of economic development and employment generation in the state and will give boost to Prime Minister Narendra Modi’s vision of Aatmanirbhar Bharat. Pradhan also congratulated ArcelorMittal-Nippon Steel India and the Odisha government for signing… Continue reading Mega steel plant to bring new wave of economic development, create jobs in Odisha: Dharmendra Pradhan
Infrastructure majors evince interest in BOT projects in West Bengal after Highways ministry tweaks model
Four major infrastructure companies, including IRB Infra and Adani Road Transport Ltd, have expressed interest in two projects in West Bengal that are proposed to be built on the Build-Operate-Transfer model. The companies participated in the technical bidding round which opened on Friday, a person familiar with the development told ET. “Four companies including IRB,… Continue reading Infrastructure majors evince interest in BOT projects in West Bengal after Highways ministry tweaks model
Production incentive schemes to increase India’s manufacturing output by $520 billion: PM Modi
NEW DELHI: Prime Minister Narendra Modi said on Friday that production-linked incentive (PLI) schemes, aimed at boosting domestic manufacturing and exports under the ‘Make in India’ and Atmanirbhar Bharat programme, are expected to increase India’s manufacturing output by over half a trillion dollars over the next five years across sectors such as electronics, pharmaceuticals, automobiles… Continue reading Production incentive schemes to increase India’s manufacturing output by $520 billion: PM Modi