Surging domestic retail investments have stretched valuations of Indian stocks, and a correction due to FPI outflows would, at some point, draw in value investors. Foreign portfolio investment (FPI) outflows from the Indian stock market have reached $39 billion in the past nine months, including June, as the interest rate differential with advanced economies narrowed… Continue reading Fret not, flight of FPI capital could slow
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Former SBI official appointed member of advisory committee of SIFL & SEFL
Venkat Nageswar Chalasani The Reserve Bank on Thursday appointed Venkat Nageswar Chalasani, former Deputy Managing Director of SBI, as a member of the Advisory Committee of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL). After superseding the boards of SIFL and SEFL in October last year, the RBI had appointed a three-member… Continue reading Former SBI official appointed member of advisory committee of SIFL & SEFL
Delhi transport dept hiring research fellows to improve EV policy
The Delhi transport department is hiring research fellows to advise the government on policy interventions to make the national capital more e-vehicle-friendly, officials said. Interviews were held on June 18 and four candidates shortlisted, they said. “Two of the shortlisted research fellows are deputy directors in the EV cell, while the other two are freshers.… Continue reading Delhi transport dept hiring research fellows to improve EV policy
MICHELIN AirProne: air cushions for the treatment of patients in intensive care
MICHELIN AirProne: air cushions for the treatment of patients in intensive care On the occasion of the Intensive Care Show 2022 – an annual forum for intensive care specialists, anesthetists-intensive care specialists, pediatricians, emergency physicians and paramedics – Michelin will bring out MICHELIN AirProne, an innovative air cushion kit designed for patients suffering from acute… Continue reading MICHELIN AirProne: air cushions for the treatment of patients in intensive care
Car with Gojek logo spotted in Malaysia
It was unclear whether the car spotted in the city was part of the ride-hailing firm’s content creation for social media, Vocket reported. Go to Source
Toyota recalls first mass-produced EVs just 2 months after launch
TOKYO (Reuters) — Toyota Motor said on Thursday it would recall 2,700 of its first mass-produced electric vehicles for the global market because of a risk the wheels could come loose. The world’s largest automaker by sales submitted the recall of the bZ4X sport utility vehicle to Japan’s transportation ministry. Of the 2,700 vehicles, 2,200 were earmarked for Europe, 260 for… Continue reading Toyota recalls first mass-produced EVs just 2 months after launch
BMW counters Tesla offensive in China with new EV plant
SHENYANG, China — Gray walls stretch into the distance about an hour’s drive from the center of Shenyang in northeast China. Behind the barriers is Plant Lydia, a 15 billion yuan ($2.24 billion) factory built by BMW Brilliance, a joint venture between BMW and Brilliance China Automotive Holdings. The massive structure represents an accelerated push into electric vehicles by… Continue reading BMW counters Tesla offensive in China with new EV plant
Two killed as car crashes to ground from Nio’s Shanghai office
SHANGHAI — Two people are dead after a test car flew out of Chinese electric vehicle maker Nio’s Shanghai headquarters and plunged several stories to the ground, local media reports said. The bizarre accident, which happened Wednesday evening, reportedly killed both passengers inside the vehicle despite efforts to save them. Nio issued a statement late Thursday… Continue reading Two killed as car crashes to ground from Nio’s Shanghai office
Toyota reinstates former executive Julie Hamp as media adviser
TOKYO — Toyota Motor on Thursday said it reinstated Julie Hamp, as a senior media adviser, seven years after she resigned from the company following her arrest by Tokyo police for carrying drugs. In her role, Hamp will be responsible for supporting Toyota North America’s public relations operations. Hamp joined Toyota’s U.S. subsidiary in 2012 after working… Continue reading Toyota reinstates former executive Julie Hamp as media adviser
Scrapped cars a gold mine for India-Japan recycling venture
NEW DELHI — A joint venture between an Indian and a Japanese company has uncovered a treasure trove in India in the form of auto parts salvaged from some of the roughly 10 million cars scrapped in the country as the government puts tighter emissions standards in place. Abhishek Group, an Indian maker of air… Continue reading Scrapped cars a gold mine for India-Japan recycling venture