ICRA and HDFC Bank see FY22 GDP growth at 8.9% while Kotak Mahindra Bank has forecast an 8.8% year-on-year rise. India’s economy is likely to have grown 3.5-5.5% in the fourth quarter of FY22 as higher commodity prices hit margins and the third Covid-19 wave disrupted the recovery, an ET poll of eleven economists showed.… Continue reading Economists put Q4 growth at 3.5-5.5% on rise in commodity prices, Omicron
Author: Economic Times of India Online News
Right capital key to expanding renewable space, achieving climate goals: Leaders at WEF
Getting the capital component right will be key in expanding the renewable energy space to the scale required to meet the climate goals and multilateral institutions and political leaderships will have to play a key role in facilitating trillions of dollars required the world over, leaders said on Wednesday. Speaking at a session at the… Continue reading Right capital key to expanding renewable space, achieving climate goals: Leaders at WEF
Bank of America hands out pay hikes, EV perks to U.S. employees
Bank of America Corp is raising the pay of its U.S. employees that earn less than $100,000 a year and adding reimbursements for a portion of electric-vehicle purchases, a spokesperson said on Tuesday. Base salaries for employees, who have been with the firm since 2021 or earlier, will rise as much as 7%, according to… Continue reading Bank of America hands out pay hikes, EV perks to U.S. employees
Audio Interview: US Customs Compliance Challenges Faced by Manufacturers
Robert M. Kossick is a member of Harris Bricken’s international trade law group, is a Board Certified International Attorney, Licensed Customs Broker, and Certified Export Specialist whose practice focuses on the planning, compliance, enforcement, and security dimensions of U.S. import and export transactions. With over twenty years of professional experience, Robert brings seasoned, specialized, and… Continue reading Audio Interview: US Customs Compliance Challenges Faced by Manufacturers
Rupee edges up 3 paise to close at 77.54 against US dollar
The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.36 per cent to 102.22. Mumbai: The rupee recovered 3 paise to settle at 77.54 (provisional) against the US currency in a restricted trade on Wednesday as interventions by banks supported the local unit while a stronger dollar in overseas… Continue reading Rupee edges up 3 paise to close at 77.54 against US dollar
ABB acquires controlling stake in India’s Numocity
Representative Image New Delhi: Global technology company ABB today announced that its E-mobility division acquired a controlling stake in Numocity, a digital platform for electric vehicle charging in India. ABB will increase its shareholding to a controlling majority of 72% and has the right to become sole owner by 2026, a company statement said. However,… Continue reading ABB acquires controlling stake in India’s Numocity
India, Korea must discuss bilateral cooperation on EVs: Ambassador Jae-bok
South Korean Ambassador to India Chang Jae-bok on Wednesday said it is crucial for both nations to discuss the prospects and potential of bilateral cooperation in the electric vehicle industry as it is undergoing a historical transition. Pointing out that internal combustion engine regulations are becoming stricter, reflecting the willingness to phase out such engines… Continue reading India, Korea must discuss bilateral cooperation on EVs: Ambassador Jae-bok
OPINION: Future of decarbonised solutions in India
India is among the world’s biggest carbon dioxide emitters, behind China and the United States. The per capita emissions in the country rose from 0.39 metric tons in 1970 to a high of 1.87 metric tons in 2019. While the power sector in India is the highest emitter of greenhouse gases in the country, this… Continue reading OPINION: Future of decarbonised solutions in India
India’s exports may rise to USD 1 trillion by 2030: Piyush Goyal
Piyush Goyal India’s exports rose to a record high of USD 421.8 billion during the financial year ended March 2022 despite the COVID-19 pandemic and global supply chain disruption and the shipment may surge to USD 1 trillion by 2030, Union Minister for Commerce and Industry Piyush Goyal said on Tuesday. Addressing the “Breakfast session… Continue reading India’s exports may rise to USD 1 trillion by 2030: Piyush Goyal
Average inflation for the full year could be now around 6.5%: Soumya Kanti Ghosh
Soumya Kanti Ghosh, Group Chief Economic Advisor, SBI “At 7.8% last month, inflation might have reached its peak. We may have some more inflation numbers and in September, it could be over 7%, but the average inflation for the full year could be now around 6.5% or so as per our current projections,” says Soumya… Continue reading Average inflation for the full year could be now around 6.5%: Soumya Kanti Ghosh