By Dhwani PandyaDilip Buildcon Ltd., one of the top highway builders in India, expects revenue to double in the next 4-5 years on an infrastructure push by Prime Minister Narendra Modi’s government, Rohan Suryavanshi, the company’s head of strategy & planning, said in an interview with Bloomberg TV. “We should be looking at 15%-20% growth… Continue reading Modi’s infra push likely to double this highway builder’s revenue in 4-5 years
Author: Economic Times of India Online News
Exports dip 0.25% to USD 27.67 bln in February
New Delhi: India’s exports marginally declined 0.25 percent to USD 27.67 billion in February while imports grew by 6.98 percent to USD 40.55 billion during the month, according to provisional data released by the commerce ministry on Tuesday. The trade deficit widened to USD 12.88 billion in February as compared to USD 10.16 billion in… Continue reading Exports dip 0.25% to USD 27.67 bln in February
INSIGHT-To go electric, America needs more mines. Can it build them?
On Monday afternoon, Biden administration officials blocked a land swap Rio needs to build the mine. Trump officials had previously approved that land swap. By Ernest Scheyder Last September, in the arid hills of northern Nevada, a cluster of flowers found nowhere else on earth died mysteriously overnight. Conservationists were quick to suspect ioneer Ltd,… Continue reading INSIGHT-To go electric, America needs more mines. Can it build them?
Nio risks running low on power on Europe road trip
A quarter of the $1 billion raised in its 2018 listing was earmarked for marketing and showrooms, according to the prospectus. By Katrina Hamlin HONG KONG: Nio‘s pending European road trip could sap its batteries. Results released on Tuesday show the Chinese electric-car maker moving fast. But founder William Li’s plan to venture overseas means… Continue reading Nio risks running low on power on Europe road trip
Motor strike: Normal life hit in Kerala, public vehicles keep off roads
All the exams scheduled for Tuesday have been postponed in the southern state. Normal life was affected in Kerala during the initial hours of Tuesday as a dawn-to- dusk motor strike, called by a joint committee of various trade unions to protest the spiralling fuel price in the country, began. State-run KSRTC buses did not… Continue reading Motor strike: Normal life hit in Kerala, public vehicles keep off roads
Highways construction touches record 33 km a day: Gadkari
The achievement assumes significance given the fact that the first two months of the current financial year were lost due to the nationwide lockdown in the wake of Covid-19 pandemic. New Delhi: Union minister Nitin Gadkari on Monday said highway building has achieved a new feat, with the construction touching record 30 km a day.… Continue reading Highways construction touches record 33 km a day: Gadkari
SIAM to meet Transport Minister Nitin Gadkari on March 2, seek deferment of CAFE norms
Auto industry body SIAM (Society of Indian Automobile Manufacturers) will meet with Union transport minister Nitin Gadkari on Tuesday, seeking deferment of fuel efficiency norms that kick in from 2022. The corporate average fuel efficiency norms, the rules in question, set the standard fuel economy target by vehicle weight or size. “SIAM is meeting with… Continue reading SIAM to meet Transport Minister Nitin Gadkari on March 2, seek deferment of CAFE norms
Credit demand may almost double to 9-10% in FY22: Report
As per the Crisil report, the economy is likely to grow at 11 per cent in FY22. On the back of timely government and regulatory measures this fiscal, which helped the economy to recover faster than expected, bank credit is seen growing 400-500 bps to 9-10 per cent in the next financial year, according to… Continue reading Credit demand may almost double to 9-10% in FY22: Report
Pace of India’s business resumption slowed down in last week of February amid rising Covid-19 cases: Nomura
While this posed a near term risk to India’s economic normalisation, Nomura’s medium term projections remained intact. The pace of resumption of India’s business activity ended a touch slower in the last week of February as rising Covid-19 cases across a few states weighed on mobility, brokerage firm Nomura said in note on Monday. The… Continue reading Pace of India’s business resumption slowed down in last week of February amid rising Covid-19 cases: Nomura
Opinion: ‘Atmanirbhar’ alternatives to electric mobility!
By Avik Chattopadhyay The spark On February 1, 2021, after the budget presentation, on being asked by a television reporter why there was no mention of electric mobility, Nitin Gadkari, the Union Road Transport and Highways Minister, made an interesting remark. “The country needs to explore more self-sufficient and self-reliant methods of powering mobility to… Continue reading Opinion: ‘Atmanirbhar’ alternatives to electric mobility!