Govt to soon come out with battery-swapping guidelines for electric buses/cars
The government is finalising battery swapping guidelines for electric buses and cars, in addition to two and three wheelers which are already functional in some of the cities. The Ministry of Heavy Industries (MHI) will take the proposal to the Prime Minister Office (PMO) in the next fortnight for approval.
Gujarat HC orders release of SW South Wind I after pact with exporting firm
The Gujarat High Court on Friday ordered the release of merchant vessel SW South Wind I following a settlement between the vessel’s sub-charterer and MEIR Commodities India Limited. Justice Aniruddha P Mayee passed an oral order after the sub-charterer of the vessel agreed to pay MEIR Commodities claim of $250,984
Indian ceramic tiles industry thrives domestically but struggles in export markets: ICRA report, ETCFO
The Indian ceramic tiles industry finds itself at a critical juncture, as a recent report by ICRA reveals contrasting trends in the domestic and export markets. While the domestic sector remains strong, accounting for around 64 per cent of the industry’s revenue, exports are showing signs of weakness. This decline
Poultry industry set for recovery in current fiscal on softening input prices, demand: Report
The Indian poultry industry, which faced challenges in the past couple of years due to volatile market conditions is set for recovery in the current fiscal with prices of inputs such as maize and soyabean stabilising aided by demand growth, according to a report. The CareEdge Ratings anticipates an 8-10
Cash transactions decline rapidly in India as digital payments surge: RBI economist, ETCFO
New Delhi, In the last three years, digital transactions have surged in such a fashion in India that cash usage, which still accounts for 60 per cent of consumer expenditure (as of March 2024) is rapidly declining, according to a paper by the Reserve Bank of India (RBI) economist. Pradip
RBI Governor Shaktikanta Das, ETCFO
India cannot risk another bout of inflation and the best approach would be to remain flexible and wait for more evidence of inflation aligning durably with the target, Reserve Bank Governor Shaktikanta Das observed in the last meeting of MPC while also noting that the Indian economy presents a picture
US labor market plodding along, but jobs becoming more scarce, ETCFO
The employment report for October will be published days before Americans head to the polls on Nov. 5 to elect a new president By Lucia Mutikani New applications for U.S. unemployment aid unexpectedly fell last week, but the number of people collecting benefits in mid-October was the highest in nearly
India continues to be world’s largest growing economy: IMF director, ETCFO
The director of the IMF Asia Pacific department, Krishna Srinivasan, revealed that India will continue to be the world’s fastest-growing economy, as long as the country’s macroeconomic fundamentals remain strong. In an interview on Tuesday, he told PTI, “India is expected to remain the fastest-growing economy in the world. We
Varaha issues India’s first-ever CDR credit under Puro.Earth
Varaha, a leading carbon removal company from farming, has issued durable carbon dioxide removal (CDR) credits from industrial biochar under Puro.Earth, the world’s leading CDR registry. This is the first-ever issuance of industrial biochar credits in India. Varaha’s project in Telengana produces biochar, a carbon-rich material, using agricultural waste
40% see exports declining this year: Survey, CFO News, ETCFO
A majority of exporters have identified high interest rates as a key stumbling block with three-fourths saying they borrow at over 12 per cent , and that too, after giving collaterals. In a survey conducted by the Federation of Indian Export Organisations and shared with TOI, 40 per cent said