Tesla CEO Elon Musk New Delhi: Breaking his silence over the current global meltdown, Tesla CEO Elon Musk on Friday said the recession the world is now experiencing owing to multiple macro-economic factors could last up to 18 months. “Based on past experience, about 12 to 18 months,” Musk replied to a follower who asked… Continue reading Global recession can stay for up to 18 months: Elon Musk
Author: Economic Times of India Online News
Globalization’s cheerleaders grasp for new buzzwords at Davos
A global index of world trade volumes from the CPB Netherlands Bureau for Economic Policy Analysis declined by 0.2% in March but is off by only 1% from its record high in December. World leaders, financiers and chief executives said they were leaving this week’s World Economic Forum with an urgent sense of the need… Continue reading Globalization’s cheerleaders grasp for new buzzwords at Davos
ACME Group, NYK Line ink MoU for green ammonia shipping
Gurugram-based ACME Group on Friday said that it has signed a MoU with Japan-based NYK Line for cooperation in green ammonia. “We have signed a MoU with NYK Line, a leading Japanese shipping company, which owns and operates a large fleet of ships including container ships, bulk carrier, VLCC, LNG carriers etc, and is actively… Continue reading ACME Group, NYK Line ink MoU for green ammonia shipping
India-UK free trade agreement (FTA) could be ready by Diwali: Piyush Goyal
The way things are progressing between the two negotiating teams, a free trade agreement (FTA) between India and the UK could be ready by Diwali without the need for an interim early harvest agreement, said Commerce and Industry Minister Piyush Goyal during a visit to the UK. The minister arrived in London from the World… Continue reading India-UK free trade agreement (FTA) could be ready by Diwali: Piyush Goyal
Tata Motors incorporates new subsidiary for EV as a service offering
New Delhi: Auto major Tata Motors Limited (TML) on Thursday said it has incorporated a wholly owned subsidiary, called ‘TML Smart City Mobility Solutions Limited’ (TSCMSL) urban mass mobility business, with an initial capital of INR 5 crore. With this, the company “intends to bring specific focus to its electric vehicle (EV) segment as a… Continue reading Tata Motors incorporates new subsidiary for EV as a service offering
Chile signs agreements for green hydrogen production
GNL Quintero will receive $5.7 million to construct a 10-megawatt electrolyzer, which uses electricity to split water into hydrogen and oxygen, to produce an estimated 500 tonnes of green hydrogen a year. SANTIAGO- Chile state development office Corfo signed agreements with three companies on Thursday to fund industrial green hydrogen production, which it says could… Continue reading Chile signs agreements for green hydrogen production
Dollar eases as traders scale back bets on Fed tightening
The dollar index, which measures the greenback against a basket of six major peers, was down 0.206% at 101.84 at 3 p.m. ET (1900 GMT). NEW YORK – The U.S. dollar edged lower on Thursday as markets considered whether the Federal Reserve might slow or even pause its tightening cycle in the second half of… Continue reading Dollar eases as traders scale back bets on Fed tightening
Hybrid annuity model projs to account for 45-50 pc of NHAI awards this fiscal: Icra
Icra said that HAM projects accounted for over 50 per cent of the NHAI awards in the past two years. The same is expected to account for 45-50 per cent of the awards in FY23. New Delhi: Hybrid Annuity Model (HAM) projects accounted for more than 50 per cent of the National Highways Authority of… Continue reading Hybrid annuity model projs to account for 45-50 pc of NHAI awards this fiscal: Icra
RattanIndia Enterprises acquires majority stake in Bengaluru-based drone company
REL had earlier announced a strategic investment in a Silicon Valley- based drone systems company Matternet. New Delhi: The flagship company of RattanIndia Group, RattanIndia Enterprises Ltd (REL), today acquired 60% shareholding in Throttle Aerospace Systems Private Limited (TAS), a drone company. This investment has been done through NeoSky India Limited (NeoSky), a wholly-owned subsidiary… Continue reading RattanIndia Enterprises acquires majority stake in Bengaluru-based drone company
Centre proposes mandating use of cost saving techniques to build highways
The transport ministry noted that a need is increasingly being felt to adopt value engineering practices in design, construction and maintenance with regards to use of materials and technology. The Road transport ministry has proposed mandating highway builders to opt for cost saving value engineering techniques. “It has been established that the savings realized by… Continue reading Centre proposes mandating use of cost saving techniques to build highways