Besides, a shift in consumer behaviour from price consciousness towards technologically advanced premium products with quality, value proposition and safety aspects leading to a rise in demand for home automation products is making the industry upbeat. With demand for premium and technologically advanced products on the rise, India’s Rs 75,000 crore appliances and consumer electronics… Continue reading Double digit growth hopes brighten 2022 horizon despite chip shortage concerns
Author: Economic Times of India Online News
Global goods trade hits Covid bumps as risks tilt to downside
The Geneva-based WTO said North American and European imports were weaker than expected, and exports from both regions declined. Now the omicron variant of the Covid-19 virus has “tipped the balance of risks towards the downside” the WTO said. Supply chain disruptions and rising Covid-19 cases reduced the volume of global merchandise trade by 0.8%… Continue reading Global goods trade hits Covid bumps as risks tilt to downside
Bangalore chamber of industry & commerce plans India-Japan summit in February 2022
BCIC, early this year, set up an office in Tokyo to promote mutual business interests and promote tourism and share good practices. Bangalore chamber of industry & commerce (BCIC) plans to hold an India-Japan summit in February next year as part of its efforts to promote Karnataka as an investment destination from Japanese investors. BCIC,… Continue reading Bangalore chamber of industry & commerce plans India-Japan summit in February 2022
Omicron, inflation risks to business resumption, Nomura index at a record high
“The labour participation rate fell to 40.9% from an eight-week high of 41.4% in the prior week,” Nomura said in the report. The Nomura India Business Resumption Index rose to a record high of 117.8 for the week ended December 19 from 116.6 in the prior week. The Japanese financial services firm, in its weekly… Continue reading Omicron, inflation risks to business resumption, Nomura index at a record high
Biden boosts fuel-economy standards to fight climate change
Regan called the rule “a giant step forward” in delivering on President Joe Biden’s climate agenda “while paving the way toward an all-electric, zero-emissions transportation future.″ WASHINGTON: In a major step to fight climate change, the Biden administration is raising vehicle mileage standards to significantly reduce emissions of planet-warming greenhouse gases. A final rule being… Continue reading Biden boosts fuel-economy standards to fight climate change
Maharashtra government urges hospitality industry to support state EV policy
The primary objective of Maharashtra EV Policy 2021, which came into effect on July 23, is to accelerate the adoption of BEVs in the state so that they contribute to 10 per cent of new vehicles registrations by 2025. The Maharashtra government on Monday urged the hospitality industry to support the state’s EV Policy that… Continue reading Maharashtra government urges hospitality industry to support state EV policy
TRDDL installs over 1,400 EV chargers in Delhi-NCR
“Two battery swap stations at TPDDL Azadpur and Rohini RG-3 Grid have been deployed in collaboration with SUN Mobility in the land lease model, the TPDDL CEO said. New Delhi: With electric vehicle adoption picking up pace in Delhi, power discom TPDDL said it has boosted charging infrastructure by installing over 1,400 chargers across the… Continue reading TRDDL installs over 1,400 EV chargers in Delhi-NCR
Chile’s Boric says will oppose controversial Dominga copper-iron mine
A regional Chilean environmental commission in August had approved Andes Iron’s Dominga project after years of wrangling in the country’s courts and after the body had previously rejected the proposal. SANTIAGO: Chilean President-elect Gabriel Boric said on Sunday he will oppose mining initiatives that “destroy” the natural environment, including the controversial $2.5 billion Dominga iron,… Continue reading Chile’s Boric says will oppose controversial Dominga copper-iron mine
SGX iron ore rises on China demand hopes; Dalian benchmark retreats
Iron ore’s most-active January contract on the Singapore Exchange rose as much as 6.7% to $127.95 a tonne, its highest since Oct. 12. By Enrico Dela Cruz Singapore iron ore futures rose for a third straight session on Monday, buoyed by renewed optimism over demand for the steel-making ingredient in the short term as signs… Continue reading SGX iron ore rises on China demand hopes; Dalian benchmark retreats
Russia evacuates 128 coal miners amid reports of a fire
A total of 128 miners have been evacuated from the mine, Interfax reported, citing mine operators as saying that 140 miners were supposed to be on shift Sunday, but only 128 miners were working at the time. Moscow: Authorities in Russia evacuated 128 coal miners Sunday from a mine in Siberia amid reports of a… Continue reading Russia evacuates 128 coal miners amid reports of a fire