The ministry also asked the firms to improve logistics efficiency and supply chain coordination to support the industry’s development, according to the statement. BEIJING: China’s industry ministry said on Tuesday it met with automotive and chip companies and asked them to help ease a supply shortage that has forced many automakers across the world to… Continue reading China urges chipmakers to allocate more capacity to China auto market
Author: Economic Times of India Online News
India energy demand set to grow fastest in the world; to overtake EU
New Delhi: India’s energy demand will increase more than that of any other country over the next two decades, the International Energy Agency (IEA) said on Tuesday forecasting India overtaking the European Union as the world’s third-largest energy consumer by 2030. An expanding economy, population, urbanisation and industrialisation will result in India’s energy needs growing… Continue reading India energy demand set to grow fastest in the world; to overtake EU
National Hydrogen Mission draft likely in the next two months: MNRE
In the Union Budger speech last week, Finance Minister Nirmala Sitharaman had spoken about the plan, but had not specified any details. MUMBAI: A National Hydrogen Mission is in the works and a draft is expected in the next two months, the Ministry of New and Renewable Energy (MNRE) said on Tuesday. MNRE secretary Indu… Continue reading National Hydrogen Mission draft likely in the next two months: MNRE
Tencent hit with fresh anti-monolopy complaint, this time from GM China venture
PATEO offers voice recognition features and other mobile applications that rely on Tencent’s all-in-one WeChat app. Chinese tech giant Tencent Holdings Ltd has become the target of a fresh anti-monopoly complaint to regulators, this time from a supplier of smart vehicle technology and a General Motors Co China venture. The supplier, Shanghai PATEO, in a… Continue reading Tencent hit with fresh anti-monolopy complaint, this time from GM China venture
Both sides showed interest on resuming FTA negotiations: European Union after trade talks with India
New Delhi: The European Union has said its first high-level dialogue on trade with India saw interest by both sides in resuming negotiations for an ambitious, comprehensive and mutually beneficial trade and investment pact once their respective approaches and positions are “close enough”. It said the two sides had “open and constructive” exchanges on a… Continue reading Both sides showed interest on resuming FTA negotiations: European Union after trade talks with India
NHAI inks MoU with 200 technical institutes
New Delhi: National Highways Authority of India (NHAI) has inked initial pacts with 200 technical institutes to encourage them for voluntary adoption of highway stretches for research etc, Parliament was informed on Monday. Out of over 250 such institutes that have consented to the Memorandum of Understanding (MoU), 200 have become signatories. “NHAI has introduced… Continue reading NHAI inks MoU with 200 technical institutes
Hindustan Zinc signs pact with Epiroc to deploy EVs for underground mining works
The move is said to help HZL explore the possibility of introducing battery-operated vehicles in underground mines which will help reduce carbon emissions, enabling the mine operations to become more environmentally friendly. Mumbai: Hindustan Zinc signed a Memorandum of Understanding with Sweden’s mining and infrastructure equipment maker Epiroc for supplying battery electric vehicle (BEV) for… Continue reading Hindustan Zinc signs pact with Epiroc to deploy EVs for underground mining works
91 lakh guarantees issued till Jan 25 under ECLG scheme: Gadkari
New Delhi: MSME Minister Nitin Gadkari on Monday said under the Emergency Credit Line Guarantee (ECLG) Scheme, around 91 lakh guarantees have been issued till January 25 this year. In a written reply to the Rajya Sabha, he said during the current financial year (April-December), a total number of 31,923 units were setup under the… Continue reading 91 lakh guarantees issued till Jan 25 under ECLG scheme: Gadkari
M&M shares hit upper circuit on Q3 show; analyst see up to 35% upside
Following the earnings report, the stock hit the 10 per cent upper circuit on Monday. It was trading at Rs 931.65, up nearly 8 per cent, as investors lined up to buy the stock. NEW DELHI: An all-round performance by Mahindra & Mahindra (M&M) during the December quarter resulted in analysts raising their target prices… Continue reading M&M shares hit upper circuit on Q3 show; analyst see up to 35% upside
Chinese EV startup Byton explores listing via SPAC deal: Sources
Byton was launched in 2017 by Future Mobility Corp, a company co-founded by former BMW and Nissan Motor executives. SHANGHAI: Chinese electric vehicle (EV) maker Byton, backed by Apple assembler Foxconn, is in talks to go public through a merger with a special-purpose acquisition company (SPAC), people familiar with the matter told Reuters. Byton, whose… Continue reading Chinese EV startup Byton explores listing via SPAC deal: Sources