The Registered Vehicle Scrapping Facility (RVSF) shall digitally verify the records of vehicles produced for scrapping, including no-pending dues and no record of blacklisting by regional transport authorities, according to the draft notification by the Ministry of Road Transport and Highways (MoRTH) for vehicle scrapping. The statement said MoRTH has issued the draft notification pertaining… Continue reading Registered facility needs to verify vehicle records digitally for scrapping, says draft policy
Author: Economic Times of India Online News
Auto firms will begin manufacturing flex-fuel vehicles within six months, says Gadkari
Union minister Nitin Gadkari on Saturday said top officials of automobile companies have promised him that they will start manufacturing vehicles of flex-fuel variants within six months. Addressing ‘ET Global Business Summit’ virtually, Gadkari further said the government is working on a plan to shift public transport to 100 per cent clean energy sources. “This… Continue reading Auto firms will begin manufacturing flex-fuel vehicles within six months, says Gadkari
Throwback: When Elon Musk hailed Ratan Tata as a ‘gentleman & scholar’ – but had some not-so-nice things to say about the Nano
The short video clip from Musk’s 2009 interview with Charlie Rose shows the two discussing Tata and his innovative idea, the Nano car. Indian industrialist Ratan Tata is one of the most loved businessmen not just in India but across the world. But did you know that Elon Musk, one of the richest man in… Continue reading Throwback: When Elon Musk hailed Ratan Tata as a ‘gentleman & scholar’ – but had some not-so-nice things to say about the Nano
War and inflation threaten world economy
The world economy’s fragile recovery from the Covid-induced crisis is now threatened by Russia’s war in Ukraine and soaring commodity prices. Here are four questions regarding the risks to global GDP: – Will growth stall?“The war happened right at a time when Europe and the US had a recovery that was going really well. Projections… Continue reading War and inflation threaten world economy
War in Ukraine puts shipping’s recovery in jeopardy
Russia’s ongoing invasion of Ukraine has the shippingindustry bracing for new shocks to its labor force, which relies on experienced crew from both countries. Ukrainian and Russian seafarers make up nearly 15% of the industry’s 1.9 million seafarers and a high proportion of its officers and ranked crew. Now Ukraine has conscripted men under 60… Continue reading War in Ukraine puts shipping’s recovery in jeopardy
Sun Mobility appoints Anant Badjatya as CEO of India biz
New Delhi: Electric vehicle energy infrastructure firm Sun Mobility today announced the appointment of Anant Badjatya as the CEO for its India business. “With over 21 years of professional experience and a stellar career record in scaling up and growing businesses, we are confident Anant will surely lead SUN Mobility into the next phase of… Continue reading Sun Mobility appoints Anant Badjatya as CEO of India biz
Ukraine war impact reverberates through world’s factory floor
The cost of manufacturing household goods in Asia is being driven even higher by surging energy and commodities prices triggered by Russia’s invasion of Ukraine, adding fuel to the fastest global inflation breakout in decades. The warnings from Asia, the world’s biggest manufacturing region, underscore how the war in Ukraine is piling pressure on factory… Continue reading Ukraine war impact reverberates through world’s factory floor
Surge in commodity prices may push CAD to 2.8% of GDP in Q3: Report
The direct effects of the Russia-Ukraine conflict have pushed commodity prices and freight and transportation costs higher; crude oil prices have been on a boil, it said. The country’s current account deficit (CAD) is likely to widen to a 13-quarter high of USD 23.6 billion or 2.8% of GDP in October-December 2021-22 due to higher… Continue reading Surge in commodity prices may push CAD to 2.8% of GDP in Q3: Report
Warburg Pincus buys out Imperial Auto
Stone Plant Investments B.V., an affiliate of Warburg Pincus, US based private equity firm, has acquired a majority stake in Imperial Auto Industries Limited and its affiliated companies (Imperial), said a company statement. Imperial, founded in 1969, is India’s largest manufacturer of fluid transmission products (FTP) for automobile and off-highway sectors. The Group, which generates… Continue reading Warburg Pincus buys out Imperial Auto
Ukraine crisis: Growth, demand to take a hard hit, deficit to soar
The Russia-Ukraine crisis-led global hike in crude oil prices to $130 per barrel is expected to trigger an inflationary trend in India which will dent growth as well as demand recovery. The inflationary blow is expected to push up prices of everything from food items to manufactured goods. Besides, the trend might force the Reserve… Continue reading Ukraine crisis: Growth, demand to take a hard hit, deficit to soar