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
Author: Economic Times of India Online News
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
OPINION: Is the RE+EV combination a recipe for Karnataka’s clean energy transition?
Renewable energy (RE) and electric vehicles (EVs) are currently the best bet for moving towards a sustainable future. A study by the International Council on Clean Transportation (ICCT) published last month says that with appropriate EV policies, India can scale down 45 per cent-50 per cent of its cumulative CO2 emissions from the road transport… Continue reading OPINION: Is the RE+EV combination a recipe for Karnataka’s clean energy transition?
Piyush Goyal chairs ONDC advisory council meeting
Piyush Goyal NEW DELHI: Commerce and Industry Minister Piyush Goyal on Thursday chaired the advisory council meeting of the Open Network for Digital Commerce (ONDC) that seeks to promote open networks for all aspects of exchange of goods and services over electronic networks. ONDC is gaining increasing traction from the industry. Seven companies- one buyer… Continue reading Piyush Goyal chairs ONDC advisory council meeting
50% increase in hiring prospects for July-September quarter
There is expected to be a big leap in hiring during the July-September quarter, finds data from global and local human talent management company Spectrum Talent Management. An overall growth of 50% in hiring is expected in the incoming quarter. Sectors like IT, telecom, BFSI, FMCG and healthcare saw a significant QoQ (quarter on quarter)… Continue reading 50% increase in hiring prospects for July-September quarter
Fret not, flight of FPI capital could slow
Surging domestic retail investments have stretched valuations of Indian stocks, and a correction due to FPI outflows would, at some point, draw in value investors. Foreign portfolio investment (FPI) outflows from the Indian stock market have reached $39 billion in the past nine months, including June, as the interest rate differential with advanced economies narrowed… Continue reading Fret not, flight of FPI capital could slow
Former SBI official appointed member of advisory committee of SIFL & SEFL
Venkat Nageswar Chalasani The Reserve Bank on Thursday appointed Venkat Nageswar Chalasani, former Deputy Managing Director of SBI, as a member of the Advisory Committee of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL). After superseding the boards of SIFL and SEFL in October last year, the RBI had appointed a three-member… Continue reading Former SBI official appointed member of advisory committee of SIFL & SEFL
Delhi transport dept hiring research fellows to improve EV policy
The Delhi transport department is hiring research fellows to advise the government on policy interventions to make the national capital more e-vehicle-friendly, officials said. Interviews were held on June 18 and four candidates shortlisted, they said. “Two of the shortlisted research fellows are deputy directors in the EV cell, while the other two are freshers.… Continue reading Delhi transport dept hiring research fellows to improve EV policy
Soaring white collar salaries driving sales of premium cars and gadgets
A big rush for talent and soaring salary offers in the white collarjob market amid the ‘Great Resignation’ are boosting sales of premium smartphones, electronics and cars in the country even as overall discretionary spending has slipped. Professionals who are switching jobs or getting retained by their existing employers at much higher salaries than before… Continue reading Soaring white collar salaries driving sales of premium cars and gadgets
MPC acted to rein in inflation with focus on growth
Mumbai: The central bank’s Monetary Policy Committee (MPC) voted unanimously to raise rates by half a percentage point early June to prevent inflation from corroding the economic recovery even as some members favoured quickening the pace of increases to ensure the price spiral wouldn’t worsen further, the minutes of the meeting published Wednesday showed. The… Continue reading MPC acted to rein in inflation with focus on growth