New Delhi: Auto major Tata Motors on Wednesday reported a growth of 204% for its total domestic sales (passenger vehicles + commercial vehicles) to 74,755 units in May 2022. The company’s domestic wholesales during May 2021 stood at 24,552 units. Total domestic passenger vehicle sales for the company were up 185% in May 2022 to… Continue reading Tata Motors domestic sales at 74,755 units in May; e-car sales cross 3000 mark
Author: Economic Times of India Online News
‘India must significantly step up clean energy subsidies to meet 2030 targets’
New Delhi: After peaking in FY-2017, the renewable energy subsidies have fallen in India by 59 per cent as deployment slowed for various reasons and more support — including subsidies — will be needed to scale up renewable to achieve the 2030 targets of clean energy, a new study released on Tuesday said. “Renewable energy… Continue reading ‘India must significantly step up clean energy subsidies to meet 2030 targets’
Ahmedabad: Electric vehicle charging stations to run on PPP model
Representative Image AHMEDABAD: The civic body will shortly be inviting private players to set up electric vehicle charging stations in the city, which will be run on PPP mode. The fine-tuning is being done in the contract documents at the moment and tenders will be floated shortly, said senior AMC officials. Though the Ahmedabad Municipal… Continue reading Ahmedabad: Electric vehicle charging stations to run on PPP model
NHAI confident of awarding highways contracts for 6,500-km this fiscal: Official
NHAI chairperson said they will be able to “award contracts for 30,000-31,000 km by 2025. So far 576 projects of the length of 20,368 kms had already been awarded under the programme”. Kolkata: Despite rating agency Crisil’s forecast that the National Highways Authority of India awarding may “slow down to 5,000 km annually over the… Continue reading NHAI confident of awarding highways contracts for 6,500-km this fiscal: Official
Stagflationary risk low for India compared to others, says CEA
Chief Economic Adviser V Anantha Nageswaran on Tuesday ruled out the risk of stagflation for India, saying the economy is better placed than other nations. Stagflation is the phase when an economy faces moderation in GDP growth as well as high inflation. “Compared to the experience of many developed and developing countries, India is somewhat… Continue reading Stagflationary risk low for India compared to others, says CEA
Economic momentum is intact; numbers better than estimated, says CEA on GDP data
Representative Image While the Omicron variant of the coronavirus has hurt growth, India has managed to keep momentum intact, said the Chief Economic Advisor (CEA) of the country. India’s GDP grew by 4.1% in the fourth quarter of FY22. Meanwhile, the overall growth recorded for the financial year 2021-22 is estimated at 8.7% as against… Continue reading Economic momentum is intact; numbers better than estimated, says CEA on GDP data
GDP grows by 8.7% in FY22, Q4 GDP slows to 4.1%
Representative Image India’s GDP grew by 4.1% in the fourth quarter of FY22. Meanwhile, the overall growth recorded for the financial year 2021-22 stood at 8.7% as against the contraction of 6.6% in FY21. The numbers have come down from the official second advance estimate of 8.9% released on February 28 owing to third-wave of… Continue reading GDP grows by 8.7% in FY22, Q4 GDP slows to 4.1%
CFOs more involved in corporate strategy, digitisation than accounting & auditing: study
Nearly 85% of the CFOs give high importance to digital technologies like analytics, artificial intelligence, blockchain and cloud based systems, the study said. Chennai: Chief Financial Officers were now engaged in more of corporate strategy, organisational transformation, digitisation apart from traditional activities like accounting and auditing, a study conducted by Krea University and Dun and… Continue reading CFOs more involved in corporate strategy, digitisation than accounting & auditing: study
Auto Sales Preview: Marriage season may continue to bring cheer for automakers; strong demand likely for CVs
Analysts said the year-on-year comparison of the volumes is not meaningful due to the low-base effect owing to the second Covid wave-induced lockdowns last year. NEW DELHI: Marriage season across the country is likely to bring cheer for auto companies, especially those who make two-wheelers (2Ws) for the second consecutive month in May, said analysts… Continue reading Auto Sales Preview: Marriage season may continue to bring cheer for automakers; strong demand likely for CVs
Germany aiming green energy ties with India during G7 summit
Germany is looking for strong partnership on sustainable and green energy and energy transformation with India, said Stephan Grabherr, Deputy Ambassador German Embassy on Tuesday. He inaugurated PV Port at German Embassy amid the presence of other office bearers of the German Embassy. On this occasion, GIZ (German Agency for International Cooperation) has also given… Continue reading Germany aiming green energy ties with India during G7 summit