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
Author: Economic Times of India Online News
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
India’s Modi, Softbank’s Son discuss more investments after big tech bets
Indian Prime Minister Narendra Modi and SoftBank Group founder Masayoshi Son met on Monday to discuss more investments by the country’s biggest tech backer, as a startup boom appears to cool in India amid worries about the global economy. The Japanese firm has injected more than $14 billion into India’s tech industry, including in payments… Continue reading India’s Modi, Softbank’s Son discuss more investments after big tech bets
ReNew Power moots INR 50,000 crore investment in renewables, battery, green hydrogen units in Karnataka
Delhi-based ReNew Power on Tuesday signed up with Karnataka proposing to invest Rs 50,000 crore in solar, wind and hybrid projects, battery storage and green hydrogen plant over a seven year period. ReNew Power chairman Sumant Sinha signed the MoU with Karnataka’s additional chief secretary (Industries) EV Ramana Reddy in the presence of chief minister… Continue reading ReNew Power moots INR 50,000 crore investment in renewables, battery, green hydrogen units in Karnataka
Indian cos show resilience despite short-term disruption due to COVID: Report
The EY India CEO Survey 2022 has found that merger and acquisitions (M&A) is a key strategic lever for Indian CEOs as they look to buy versus build to achieve their transformation ambitions. New Delhi: As many as 50 per cent of Indian CEOs acknowledge that COVID pandemic has caused short-term disruption to their industry,… Continue reading Indian cos show resilience despite short-term disruption due to COVID: Report
Is costlier EV giving way to CNG, alternative fuel vehicles in India?
Representative Image New Delhi: Automakers all over the world are jacking up prices of electric vehicles (EVs) due to soaring lithium prices that have pushed up the raw material costs. For Indian consumers EVs are still ‘too expensive to seriously consider’. This coupled with the recent turbulence in the crude oil market, stakeholders in the… Continue reading Is costlier EV giving way to CNG, alternative fuel vehicles in India?
German exporters cautiously optimistic in May despite supply issues
Representative Image BERLIN – The mood among German exporters brightened in May despite supply chain problems looming over industry, according to a survey released on Tuesday. The Ifo institute said its export expectations index rose to 4.5 points after a reading of 3.0 in April – but added in a statement that German manufacturers remained… Continue reading German exporters cautiously optimistic in May despite supply issues
Exports rises 21% to USD 23.7 bn during May 1-21
The country’s exports rose by 21.1% to USD 23.7 billion during May 1-21, on account of healthy growth in various sectors, such as petroleum products, engineering, and electronic goods, an official said. During the second week of this month (May 15-21), the exports grew by about 24% to USD 8.03 billion, the official added. Petroleum… Continue reading Exports rises 21% to USD 23.7 bn during May 1-21