Union Minister for Commerce and Industry Piyush Goyal at the G33 Ministerial meeting. India is convinced that the World Trade Organization‘s ministerial conference will be among the most successful held for many years, Commerce and Industry Minister Piyush Goyal said Thursday. Goyal is the man in the spotlight at the WTO‘s 12th gathering of trade… Continue reading India ‘convinced’ WTO talks will be successful
Author: Economic Times of India Online News
Intensifying competition could adversely affect our business globally, says Tata Motors
Tata Motors said that globally, it is witnessing certain supply chain disruptions as a result of China’s lockdown, adding that its domestic business is also likely to witness a negative impact on financial performance. New Delhi: Tata Motors Group, operating as three independent business units of Commercial Vehicles (CVs), Passenger Vehicles (PVs) and Jaguar Land… Continue reading Intensifying competition could adversely affect our business globally, says Tata Motors
Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme
Musk is CEO of both Tesla and SpaceX. NEW YORK – Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. In a complaint filed in federal court in Manhattan, plaintiff Keith Johnson accused Musk, electric car company Tesla Inc… Continue reading Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme
Elon Musk appeals ruling that upheld securities fraud settlement
FILE – Elon Musk, Tesla CEO, attends the opening of the Tesla factory Berlin Brandenburg in Gruenheide, Germany, March 22, 2022. Musk appealed a federal court ruling Wednesday, June 15, 2022, that upheld a securities fraud settlement over Musk’s tweets claiming that he had the funding to take Tesla private in 2018. (Patrick Pleul/Pool via… Continue reading Elon Musk appeals ruling that upheld securities fraud settlement
India ranks 3rd globally for total renewable additions in 2021: Report
Despite the promise of a worldwide green recovery in the wake of the Covid-19 pandemic, this historic opportunity has been lost, says a report, but India ranked third globally for total renewable power capacity additions with 15.4 GW in 2021, following only China (136 GW) and the US (43 GW). REN21‘s Renewables 2022 Global Status… Continue reading India ranks 3rd globally for total renewable additions in 2021: Report
What US Fed’s 75 bps rate hike means for India
The US Federal Reserve on Wednesday increased policy rates by 75 basis points to tame inflation which hit a four-decadal high of 8.6% in May on continuing supply-side disruptions emanated from the Russia-Ukraine war. Following the latest rate hike, the Fed’s funds rate now stands at 1.5-1.75%, and a further 175 bps increase is anticipated… Continue reading What US Fed’s 75 bps rate hike means for India
India, ASEAN agree to work towards comprehensive strategic partnership
S Jaishankar (center) stands with Southeast Asian foreign ministers at the start of a meeting in New Delhi. India and the ASEAN on Thursday agreed to work towards a comprehensive strategic partnership that is meaningful, substantive and mutually-beneficial by further enhancing their strategic ties. This was stated in a statement by External Affairs Minister S… Continue reading India, ASEAN agree to work towards comprehensive strategic partnership
Tata Motors Group businesses are self-sustaining, to attain net zero automotive debt by FY-24, says N Chandrasekaran
N Chandrasekaran Tata Motors chairman N Chandrasekaran says each of its businesses is self-sustaining, and that gives him the confidence to attain net-zero automotive debt by FY-24 In his address to the shareholders in the FY-22 annual report, Chandrasekaran said, “We are committed to restoring the profitability of this business as it returns to competitive… Continue reading Tata Motors Group businesses are self-sustaining, to attain net zero automotive debt by FY-24, says N Chandrasekaran
30% of India’s auto market to be EVs, only 5% of volumes from electric PVs by ‘30: Report
By 2030, the Indian automobile industry will see an overall electric vehicle (EV) adoption rate of over 30%. However, EV adoption for passenger vehicles is likely to be only 10% by the end of the period, amounting to only 5% of total EV sales. The EV segment is expected to see sales of 10 million… Continue reading 30% of India’s auto market to be EVs, only 5% of volumes from electric PVs by ‘30: Report
Law to reward person sending pics of wrongly parked vehicle in offing: Gadkari
Union minister Nitin Gadkari Soon, a person sending photograph of a wrongly parked vehicle may get a reward of Rs 500 in case the fine works out to be Rs 1,000, Union Road Transport and Highways Minister Nitin Gadkari said on Thursday. Addressing an event here, Gadkari, who is known for his frank views, said… Continue reading Law to reward person sending pics of wrongly parked vehicle in offing: Gadkari