India and the European Union (EU) will soon launch the free trade agreement (FTA) negotiations. While the two parties have set the ambition to conclude a comprehensive agreement including commitments on trade in goods and services, investments, and geographical indication, it must be acknowledged that there are fundamental differences in the design, or the template… Continue reading India-EU FTA negotiations – how deep can we go?
Author: Economic Times of India Online News
Pakistan PM Sharif announces 10 per cent ‘super tax’ on large-scale industries
The sectors on which this “super tax” will be levied include cement, steel, sugar, oil and gas, fertilisers, LNG terminals, textile, banking, automobile, cigarettes, beverages and chemicals, according to the Dawn newspaper. Islamabad: Pakistan Prime Minister Shehbaz Sharif on Friday announced a 10 per cent “super tax” on large-scale industries like cement, steel and automobile,… Continue reading Pakistan PM Sharif announces 10 per cent ‘super tax’ on large-scale industries
Markets rise as automakers enjoy best day in over two years
Maruti Suzuki gained the most on the Nifty 50, rising 6.3% to its highest since late February. Truckmaker Eicher Motors and two-wheeler maker Hero MotoCorp jumped 5.9% each. BENGALURU: Domestic indices bucked a broader downturn on Thursday as weak metal and oil prices drove beaten-down automakers to their best day since April 2020. The NSE… Continue reading Markets rise as automakers enjoy best day in over two years
Parameswaran Iyer appointed as Niti Aayog CEO
Parameswaran Iyer Former Drinking Water and Sanitation Secretary Parameswaran Iyer, who spearheaded the Swachh Bharat Mission, was on Friday appointed as the CEO of Niti Aayog, according to a government order. He will replace Amitabh Kant, who will demit office on June 30. Iyer has been appointed for two years or until further orders, whichever… Continue reading Parameswaran Iyer appointed as Niti Aayog CEO
TN CM launches Advanced Manufacturing System Centre, Industry 4.0 readiness survey
Chief Minister M K Stalin on Friday launched a slew of initiatives including the Tamil Nadu Centre for Advanced Manufacturing Hub (TANCAM), a first-of-its-kind centre of excellence in India, at Tidel Park, Chennai, at a cost of Rs 212 crore and the Industry 4.0 Readiness Survey. A collaborative venture between TIDCO and French firm Dassault… Continue reading TN CM launches Advanced Manufacturing System Centre, Industry 4.0 readiness survey
Electric mobility startup Matter raises USD 10 mn
Electric mobility startup Matter on Friday said it has raised USD 10 million (nearly Rs 80 crore) in its latest round of funding from investors, including Capital 2B, a technology fund backed by Infoedge and Climate Angels Fund. The new investors now join the founders and existing investors, including Baring Private Equity Partners, the company… Continue reading Electric mobility startup Matter raises USD 10 mn
MG Motor inaugurates residential community EV chargers in Jaipur
MG Motor India on Friday said it has inaugurated the first two residential community SMART electric vehicle chargers in Jaipur as part of its plans to set up more such charging stations in the Rajasthan capital. Under the company’s MG Charge initiative, the automaker will install 1,000 AC fast chargers at residential localities across India… Continue reading MG Motor inaugurates residential community EV chargers in Jaipur
Tamil Nadu to redesign engineering curriculum to suit EV sector requirements
CHENNAI: The Tamil Nadu government will assist electric mobility players to invest and set up shop in the state as the electric vehicle push will make it possible for the state to hit its $1 trillion economy target by 2030. According to Hans Raj Verma, IAS, CMD, Tamil Nadu Industrial Investment Corporation, Chennai is already… Continue reading Tamil Nadu to redesign engineering curriculum to suit EV sector requirements
Piyush Goyal seeks transparency in shipping bills
Piyush Goyal New Delhi: Commerce and industry minister Piyush Goyal on Thursday expressed concerns over shipping rates and opaqueness in shipping bills and hoped that government wouldn’t need to take strict decisions going ahead. At the National Logistics Excellence Awards event, he said there were certain issues in the logistics sectors, such as the announcement… Continue reading Piyush Goyal seeks transparency in shipping bills
Greaves Electric allots 35.80% stake to Abdul Latif Jameel for his $150-mn capital infusion
Greaves Electric Mobility Mumbai: Greaves Electric Mobility has allotted 35.80% stake to global investor Abdul Latif Jameel for his USD 150-million capital infusion in the company, by way of preferential allotment through private placement basis. Greaves Electric Mobility Pvt Ltd, which manufactures two and three-wheelers, is the e-mobility subsidiary of diversified engineering company Greaves Cotton.… Continue reading Greaves Electric allots 35.80% stake to Abdul Latif Jameel for his $150-mn capital infusion