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Octopus EV gets $700 mn bank funding to expand employee EV scheme An offshoot of Britain's Octopus Energy has secured a half-billion pound banking deal to finance an expansion of its programme to allow the discounted purchase of electric vehicles (EVs) by the employees of corporate customers. operates a " " scheme that... |
Broker Marsh launches world first insurance for hydrogen projects LONDON - , a unit of , said on Monday it was launching the world's first dedicated insurance for , as the nascent industry looks to scale up quickly in the fight against climate change. As the world targets net-zero emissions by mid-century in an effort ... |
In India, young revving up demand for Lamborghini: Stephan Winkelmann , aspiring Indians are among driving volumes at Italian maker , which posted record sales last year, global chief executive told . Its signature, wedge-shaped sports car is one of the fastest production vehicles available to the seriously wealthy and... |
have more and more women stepping into it, also here in India," he said. At a time when several major economies such as the UK, Germany and Japan are beset by economic troubles, Winkelmann said the mood in India is "very positive." Lamborghini expects the double-digit growth rate in the market here to continue. He also... |
With oil prices slumping, OPEC+ producers weigh more production cuts The major oil-producing countries led by Saudi Arabia and Russia are wrestling with whether to make another cut in supply to the global economy as the OPEC+ alliance struggles to prop up sagging that have been a boon to U.S. drivers and helped ease in... |
prices and running budget deficits." On top of that, Russia may find current prices to its liking because its oil is finding eager new customers in India, China and Turkey. Western sanctions over the war in Ukraine have forced Russian oil to sell at discounts of around USD 53 to USD 57 per barrel. At those prices, Mosc... |
CJ Darcl Logistics partners with Netradyne for AI-based safety technology ., a leading logistics provider in India, has selected to provide advanced fleet safety solutions. Netradyne, is a SaaS leader in (A.I.) and edge computing focusing on driver and fleet safety. The engagement provides a fleet of 1,000 vehicles of ... |
Popular Vehicles and Services files IPO papers with Sebi again New Delhi: , which is engaged in automotive dealerships, has filed preliminary papers with capital markets regulator to raise funds through an initial share sale. This is the company's second attempt to go public. Earlier, the company filed draft papers wit... |
myTVS launches connected car platform for aftermarket New Delhi: Independent integrated multibrand car service provider , today launched a , ‘ ’ for all the . The player offers a ‘ ’ to passenger car customers that will provide vehicle service, emergency assistance, parts, insurance, payment platform, and accessories, ... |
Truly autonomous cars may be impossible without helpful human touch MILTON KEYNES, England -Autonomous vehicle (AV) startups have raised tens of billions of dollars based on promises to develop truly , but industry executives and experts say remote human supervisors may be needed permanently to help robot drivers in tr... |
YouTube, Musk said developing self-driving cars was "way harder than I originally thought, by far." But when asked for a timeline, he said Tesla could make it "this year." Tesla did not respond to a request for comment for this story. The undelivered promise of true autonomy has raised the stakes for the AV industry. "... |
Just two years ago AV investment was booming, as Alphabet's Waymo raised $3 billion, Didi's AV unit raised $500 million and Amazon.com Inc acquired AV startup Zoox for $1.3 billion, according to PitchBook. 'RUSH TO MARKET' Autonomous systems are not as capable as people because their "perception and prediction algorith... |
Hertz to offer 25,000 EV rentals to Uber drivers in Europe By Nick Carey firm will make up to 25,000 (EVs) available to rent to drivers of ride-hailing company Uber in European capitals by 2025, the two said on Tuesday. The rollout of the rental deal, which will include models from , will start this month in London, wh... |
How your motor insurance policy changes after installation of LPG/CNG kit? Car owners who look forward to saving on rising fuel costs, often consider installing an LPG or CNG kit in their car. This might involve a one-time installation expense but does bring down the recurring fuel expenses. However, one must remember ... |
India should come up with a 10-year road map for privatisation of state-owned banks: Former RBI governor D Subbarao The government should come up with a 10-year road map for privatisation of all (PSBs), said former governor D . According to Subbarao, coming up with a roadmap would provide much needed predictability to ... |
US issues fresh sanctions over shipment of Russian oil above price cap The United States on Friday imposed additional sanctions related to the price cap on , targeting three entities and three oil tankers as Washington seeks to close loopholes in the mechanism designed to punish Moscow for its war in Ukraine. The U.S. ... |
Ford CEO says EV prices may not drop to ICE vehicle levels until 2035 The cost to make electric vehicles may not drop to the level for gas-powered cars until after 2030 when the process becomes simpler and less labor-intensive, Ford Motor Co Chief Executive said on Wednesday. At an investor conference, said that, for m... |
Lohum and ACKO partner to recycle and reuse EV batteries under extended warranty insurance Bengaluru: , a leading producer of sustainable energy transition materials, and ACKO, the tech-first insurer, join hands to recycle and reuse batteries. This partnership for is to include provisions for reusing and recycling the ... |
EV sales. However, there is considerable scepticism among individuals toward various aspects of owning an EV as highlighted in the 'Future Is Electric' report by ACKO, where 60% of respondents think the ecosystem needs to be better equipped to support EVs. A major barrier to EV ownership is the cost of battery replacem... |
Formal job creation surged in December 2021, shows new payroll data surged in December 2021 with net new employees and subscribers added to the Employees Provident Fund Organisation, the Employees State Insurance Corporation and the , suggesting an uptick in the Indian labour market. This is contrary to November when t... |
Delhivery and two other IPOs will raise about Rs 6,000 crore in the upcoming week New Delhi: Amid the busy season for the domestic primary markets, three issues will kick off for subscription in the upcoming week to raise about Rs 6,000 crore via initial stake sale. Tech-based logistics startup Delhivery, retail wealth... |
poor post-performance of other startups," he added "Successful subscription of Delhivery will be a morale booster of the markets overall." Prudent Corporate Advisory Services' IPO will be open for subscription between May 10-12 and the company will sell its shares in the range of Rs 595.630 apiece. The Rs 538.6 crore i... |
Mahindra Last Mile Mobility launches new e-Alfa Plus at INR 1.61 lakh New Delhi: ( ), a subsidiary of & Mahindra Limited (M&M Ltd.), has introduced the , an designed for both urban and rural transportation. Priced at INR 1,61,113.00 ex-showroom in Noida, the availability of the e-rickshaw is subject to local government... |
Time to get more selective in auto space: Kumar Rakesh , Associate Director, , says in auto, “we should start aligning from a stock preference perspective and move to stocks which are still seeing demand, which can possibly offset the higher commodity pressure whereas the segments which are going to see demand pressure... |
on-road prices for the insurance price increase. Then the emission law kicked in and the commodity prices went up. It obviously will have a price elasticity impact, something which we saw play out over the last two-three years and hence the overall industry volume, what peaked at 21 million in FY19, ended close to abou... |
FASTags, NCMC payments to become easier: You don't have to add money manually for each recharge In its monetary policy meeting, the Reserve Bank of India ( ) announced the inclusion of for , National Common Mobility Card (NCMC), etc. with auto-replenishment facility under the framework. The framework for processing e-m... |
IndiGrid raises INR 670 cr via institutional placement New Delhi: Infrastructure investment trust IndiaGrid has raised USD 670 crore through institutional placement. , India's first publicly listed power sector Infrastructure Investment Trust (InvIT) has successfully raised USD 670 crore through an Institutional Placem... |
Green retail lender Ecofy gets NBFC licence Eversource promoted Accretive Cleantech Private Ltd, operating as ‘ ’, has received RBI approval to operate as a non-deposit taking (NBFC). This makes Ecofy among the early green retail NBFCs. , is a climate impact investors. The company founders are NBFC industry veterans Ra... |
Year-end discounts on cars rise to the highest in 4 years If you are looking to buy a new car, this could be the best time for it. Year-end discounts from carmakers have risen to a four-year high as pentup demand starts drying up on the back of improved production. Dealerships are making the deal sweeter with benefits ... |
Ocean shippers playing catch up to electric vehicle fire risk are crisscrossing the globe to reach their eager buyers, but the battery technology involved in the zero- emission automobiles is exposing under-prepared maritime shippers to the risk of hard-to-control fires, industry, insurance, and emergency response offi... |
for vessel owners as well, said John Frazee, a managing director at insurance broker Marsh. As ship owners seek to limit losses by legally pursuing automakers whose vehicles are determined to have caused a fire, automakers are buying additional liability protection, he said. Exacerbating the risks is the business model... |
Opinion: Strategies to navigate megatrends of Indian CV industry By Ashim Sharma The strong correlation between (CV) is well established. Hence it is the bellwether of the economic conditions. The in India witnessed multi-year lows during the pandemic and is still on an arduous path. However, a recovery in economic act... |
of logistics costs to be comparable to global benchmarks and reaching the top 25 ranked countries in the logistics performance index ranking by 2030 through a systematic data-driven decision support mechanism for an effective logistics ecosystem. This will drive a paradigm shift towards seamless and integrated multimod... |
of the product plus the augmented solution i.e., after sales, value-added services such as telematics, etc. is expected to gain greater prominence. In addition, the levers applied would increasingly include the various powertrain options and for the EVs even the charging options. The wheels that move the nation are cer... |
Intersection assistance tech shows big promise for older drivers: IIHS New Delhi: Advanced technologies designed to help drivers navigate intersections could address a third of the crashes that cause older driver injuries and fatalities, a new study by the ( ) shows. “Left turn assist and other, upcoming intersection-a... |
to know the speed and trajectory of oncoming traffic, even if a hill or obstruction makes it difficult to see. Another planned feature called intersection movement assist would allow vehicles to warn drivers of possible collisions with others approaching a crossroads from multiple directions at various speeds and with ... |
Japan once led the world in microchips. Now, it's racing to catch up TOKYO: It was the spring of 2021, and demand for new cars was spiking. But, as consumers, flush with savings amassed during the pandemic, rushed to dealerships around the world, one Japanese automaker after another idled production as they waited for ... |
the risk of disruptions to the flow of chips made there. The question is whether the initiatives will be enough. Japan once manufactured more than half the world’s supply of semiconductors, powering calculators and consoles, but its market share fell to around 10% as globalization pushed companies in wealthy countries ... |
with the semiconductor industry. Last month, Japan’s government also announced that it would provide nearly $690 million to a joint venture between Kioxia, a Japanese company, and the American firm Western Digital to upgrade a chip facility in the western region of Kansai. The new investments will not even begin to mee... |
some of its operations in Japan, the funding is not enough to persuade it to move its manufacturing back home, said Tatsuhide Goto, the company’s public relations manager. Much as the government does, the company worries about geopolitical risks to its operations abroad. But, at least for now, he said, “we’re not consi... |
Tanker giants sprout from nowhere to keep Russian oil moving At a downtown office block in , packing tape peels off a black door whose handle appears to have been ripped out. A pile of post is strewn on the floor outside. A guy from a neighboring office says the staff moved out a few weeks ago, destination unknown. Alm... |
because of the threat of falling foul of sanctions. Even before the measures began, a huge number of tankers started to be sold to a new group of buyers, whose identities and affiliations were often not clear. Permitted Trade There are no results when searching for the company Gatik Ship Management on India’s Ministry ... |
the ship’s true owner. Beneficial ownership is a more important detail for understanding who really owns the assets and, according to information from IHS, which maintains a shipping database for the International Maritime Organization. “We’re seeing how easy it is to transfer ownership with these large, new groups,” S... |
Tesla ready to drive in up to USD 2 billion, but with riders US electric carmaker is willing to invest up to USD 2 billion for setting up a local if the government approves a concessional duty of 15% on imported vehicles during its first two years of operations in India. According to sources aware of the matter, Tesla ... |
have not been previously reported. Senior government officials said an initial round of discussion took place with executives from Tesla recently. "Wherever Tesla sets up a base, it does so with its entire supplier base. So, the investments are significant. They already source from some component makers here," said a p... |
No adverse impact of Red Sea crisis so far on India's trade There is no on India's exports and imports so far due to the , an official said. The official said that the transportation cost has increased as the shippers are taking a long route. "There is no impact in volume terms so far. Only the transportation cost is u... |
Canal and Red Sea; and via Cape of Good Hope, encircling Africa. The Red Sea route is shorter and faster, making it the preferred option for most shipping companies. It starts from major Indian ports like Mumbai, JNPT, or Chennai, heads westward through the Arabian Sea, enters the Red Sea, and navigates through the Sue... |
Bajaj Finance partners with new partner ICICI Lombard General Insurance to offer motor insurance policies has partnered with along with other partners to provide car and two-wheeler insurance plans on the platform Bajaj Finance Insurance Mall. These policies can be bought instantly on the platform through an all-digita... |
ties up with leading insurance companies in India to offer curated and customer-centric insurance products. The buying process is simple, transparent, and secure. Users can choose from various car insurance and two-wheeler insurance policies on Bajaj Finance Insurance Mall and purchase seamlessly in just a few clicks. ... |
Union Bank, NPCI launch credit card for MSME borrowers to meet biz expenses NEW DELHI: To tide over the challenges to meet business-related expenses by , and the National Payments Corporation of India ( ) have jointly launched a credit card for the borrowers, offering interest-free credit for up to 50 days. The ' ' is ... |
Odisha to go for new registration for vintage vehicles The Odisha government Monday said it has initiated separate registration of in a bid to fulfil the ambition of owners intending to keep such vehicles and enjoy exemption from scrappage policy in the state. The owners, enthusiasts and collectors of vintage vehicles,... |
will cost the owner an additional Rs 5,000 and shall be renewable for a period of 5 year," the official said. However, the official said according to a provision, the Vintage motor vehicles shall not be driven on roads for regular/commercial purposes. A vintage motor vehicle is allowed to run on Indian roads only for d... |
15 oil vessels blocked at Turkish Straits amid EU sanctions on Russian oil Fifteen oil tankers were banned from passing through the Turkish Straits due to a lack of proper insurance amid the European sanctions on Russian oil, 's maritime authority said. The Protection and Indemnity (P&I) insurance of these ships is inv... |
Hertz's EV sale to fan cost concerns, dampen used-car market Electric vehicles were already considered expensive and hard to repair. Now their image could take another hit as rental giant Hertz dumps 20,000 of them, including Teslas, for gas-powered cars. Hertz, the largest U.S. fleet operator of EVs, has blamed the sa... |
to dispose of the EVs at hefty discounts due to the higher miles they have covered as well visible damage such as nicks, scratches and dents, according to experts. "Having rented several Model 3s from Hertz over the past six months, my observation is some of them are cosmetically pretty rough," said Scott Case, CEO of ... |
Ola applies for licence to operate e-bike taxis in Karnataka ANI Technologies on Tuesday submitted an application with the Karnataka transport department seeking a licence to operate an EV bike taxi service in and other towns, official sources said. Karnataka allows operation of EV two-wheelers as bike taxis under its ... |
the high court had directed the government not to take any coercive action on bike taxis operated by Uber and Rapido until a policy framework was put in place. The set this order aside in June. Karnataka’s transport and labour officials will meet on Wednesday to work on insurance cover for auto drivers, one of the main... |
Berkshire sheds General Motors, Procter & Gamble as it builds cash Hathaway said on Tuesday it has shed its holdings in and Procter & Gamble, and trimmed its stake in Amazon.com , as the conglomerate controlled by billionaire boosted its cash pile to a record USD 157.2 billion. In a regulatory filing detailing its U.S.... |
Porsche exploring assembly of Cayenne SUV in India amid growing domestic demand is exploring opportunities to start assembly of its iconic model in India amid an “unprecedented surge” in demand, senior industry executives aware of the German luxury carmaker’s plans told ET. Porsche AG board members Detlev von Platen, e... |
the US, Germany and the UK are beset with recessionary risks. The International Monetary Fund last month raised India’s GDP growth forecast for this fiscal year to 6.1%. In comparison, the US is expected to grow 1.8% and the UK by 0.4%, while the German economy is projected to contract by 0.3%. To be sure, sales of lux... |
Russia's oil export ban may bolster India crude imports 's decision to ban oil exports to potential Western buyers supporting a price will likely boost Indian imports of Russian crude, industry executives told ET. The , which insists on a strict price cap on supplies from Moscow, has already imposed a ban on the bulk o... |
About INR 10.7-lakh-crore stuck in delayed payments to MSMEs, amounting to 6% of India’s GVA Imagine despite it being three days past the salary day, not only is there no money credited into your account, but you have no clue when it will happen. How do you plan expenses and savings with such uncertainty? A majority of... |
sufficient liquidity for enterprises to run. These solutions are most prevalent in countries such as Taiwan and South Korea. While Taiwan has the best adherence to payment terms among all major economies, it also has the lengthiest payment terms offered by the suppliers. The presence of these solutions enables enterpri... |
which payments should be made. The threshold for making payments was increased to 45 days. These laws suffer from the same limitations in enforceability that have been discussed above. Samadhaan is a platform introduced by the government for MSMEs to raise disputes over the non-payment of dues. The platform currently h... |
Jawa Yezdi partners with Flipkart to sell premium motorcycles has partnered with , becoming the first premium motorcycle manufacturer in India to offer its products on the e-commerce platform. This collaboration aims to make high-end motorcycles more accessible to enthusiasts across the country, reflecting ’s digital s... |
Vice President -- Electronics at Flipkart, added, "This partnership with Jawa s showcases Flipkart's unique ability to revolutionise how premium products are discovered and purchased online. Our platform brings several key advantages to this collaboration. First, our AI-driven recommendation engine will help match enth... |
India can buy as much Russian oil as it wants, outside price cap: US NEW DELHI: The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap, US... |
on condition of anonymity. The official added that stable supplies and prices are most important. Rosneft, Russia's largest oil exporter, is expanding its tanker charter business to avoid its buyers having to find tankers, insurance or other services as the price cap. Yellen said that even with Russian tankers, Chinese... |
How could Red Sea attacks affect oil and gas shipping? QatarEnergy, the world's second-largest exporter of liquefied natural gas, has stopped sending tankers via the , joining several other companies currently avoiding the world's main East-West trade route. Yemen's Iran-backed Houthi group has since November been atta... |
LNG prices fell to a seven-month low of USD 10.10 per million British thermal units (mmBtu) on Friday, supported by healthy storage levels in Europe and northeast Asia. High inventories in Europe and North Asia are capping demand and expected to curb spot price growth in H1-2024. Oil prices rallied 2% last week, with b... |
India wary of Russia oil cap as US official arrives to push plan will seek broader consensus before it supports US-led efforts to cap the price of Russian oil, which American officials are expected to push for this week when they travel to Mumbai and New Delhi. The South Asian nation, which has emerged as one of the bi... |
Union Budget 2022: The challenges and the team behind it Finance minister ’s budget for FY23 that will be presented on February 1 will be watched keenly for measures for firing up the pandemic-hit economy. ET takes a look at the team that is drafting the budget that needs to enable high growth while keeping the fiscal ... |
by withdrawing the retrospective tax amendment, paving the way for settlement of the tax disputes arising out of the controversial measures. This year the budget is expected to build upon measures to ease compliances and offer some relief to the pandemic hit businesses and taxpayers. A 1987 Odisha cadre IAS officer, Pa... |
In EU car data tussle, insurers and others brace for delays, disappointment A broad coalition of insurers, leasing companies, car repair shops and others are calling on the European Commission to propose rules for fair access to valuable vehicle data soon, fearing further delays could see the initiative shelved after E... |
wireless devices to fleet vehicles to collect data. "If there's no more access to data," said CEO Aaron Solomon, "we'll have to find a different business". But a spokesman for said the carmaker has had a system in place since 2018 allowing customers to share data with any third party. "Unfortunately, many players who a... |
US hopes India will take advantage of Russian oil price cap New Delhi: India stands to gain from a price cap on Russian oil and the United States hopes that it will take advantage of it, U.S. Treasury Secretary said ahead of a visit to India this week, media reported on Tuesday. The United States and its allies in the ... |
Tesla cuts delivery waiting time for all model 3, model Y cars has cut the delivery waiting time for all to a minimum of one week, it said on its website on Tuesday. The U.S. automaker added to its inventory in Shanghai at its fastest pace ever in October, data from (CMBI) showed, at a time when automakers and investor... |
Automakers' contract negotiations will decide potential EV future for idled Illinois plant A shuttered Illinois Jeep assembly plant will be at the center of a power struggle between the United Auto Workers union and Detroit's automakers as the manufacturers double down on cutting costs to fund an accelerated transition... |
a new deal that allows us to stay ahead of the changing industry landscape, protecting good-paying jobs in the U.S. and continuing to offer innovative and affordable products to our customers." Stellantis CEO Carlos Tavares has warned that more factories could be forced to close as more costly EVs take sales from combu... |
Britain should strictly regulate "fire risk" e-scooters, insurers say LONDON - Britain should place stringent regulations on electric scooters if their legal use is widened beyond current government trials, given the number of injuries from illegal vehicles and fire risks from their batteries, insurers said on Thursday... |
ICICI Lombard offers motor cover linked to driving Mumbai: has launched a cover where the premium will depend on the quantity and quality of driving. The company has also introduced a motor floater cover that provides the advantage of adding all vehicles owned by the proposer in one policy. The Motor Floater offer for ... |
Car dealerships in North America revert to pens and paper after cyberattacks on software provider in North America are still wrestling with major disruptions that started last week with on a company whose software is used widely in the auto retail sales sector. , a company that provides software for thousands of auto d... |
time again unfortunately, (particularly in) the last couple of years. No industry and no organization or software company is immune." Are impacted dealerships still selling cars? Several major auto companies - including Stellantis, Ford and BMW - confirmed to The Associated Press last week that the CDK outage had impac... |
their credit - or even freeze their credit as an added layer of defense - and consider signing up for identify theft monitor insurance. You'll also want to be wary of any phishing attempts. It's best to make sure you have reliable contact information for a company by visiting their official website, for example, as sca... |
How software is stifling competition and slowing innovation More than a decade ago, , an internet entrepreneur and venture capitalist, famously declared, “ is eating the world.” The winners, Andreessen wrote in The , would be mainly “entrepreneurial technology companies that are invading and overturning established ind... |
of computer automation on 317 occupations from 1980 through 2013. His summary conclusion: “Employment grows significantly faster in occupations that use computers more.” Bessen is an entrepreneurial outsider to the field of economics. He has forged an unorthodox career in academia, rising to prominence gradually over t... |
card offerings to individuals in a way that smaller rivals cannot. Walmart and Amazon use their proprietary software to streamline logistics and personalize marketing. Google and Facebook use it to target ads. Insurers use it to tailor and market health plans to individuals. Pharmacy benefit management companies use it... |
Video telematics platform LightMetrics raises USD 8.5 mn in Series A funding , a startup serving fleets globally, has raised USD 8.5 million in a Series A funding round from Sequoia Capital India. Their solution uses edge AI and analyzes video feeds from the camera installed in vehicles to better understand driver beha... |
approach. It does not sell to fleets directly and instead works with telematics service providers and fleet management companies who integrate the solution into their offerings for fleets and upsell. This ensures that fleets get a deeply integrated product which has all the insights they need about their business in on... |
Western sanctions haven't curbed Russian oil profits, but the green energy transition could Western sanctions that put a price cap on Russian oil exports from December 2022 aimed to cause the country significant economic pain after its invasion of Ukraine last year. The idea was to curtail the amount Russia makes from ... |
Indian refiners scout for oil deals ahead of EU ban on Russian crude Indian state refiners plan to lock-in more of their crude supplies in term deals, worried that tighter Western sanctions on , including from the EU, could curb future supplies in already tight markets, sources at state refiners said. , the country's t... |
for an end to violence in Ukraine but refrained from outright condemnation of Russia, with which it has long-standing political and security ties. Prashant Vasisht, vice president at rating agency , said: "To diversify and safeguard yourself from potential cuts in future such as diversion of Middle Eastern oil to , sig... |
Saera Electric pact with AMU Leasing for vehicle financing (SEAPL), one of the leading players in the electric vehicle industry, has signed a vehicle financing contract with a (NBFC), . Ltd. Under the agreement, customers planning to buy from SEAPL can avail easy financing options from ALPL. "Our latest collaboration w... |
has a production capacity of 24000 units. The second plant is in Bawal (Haryana), with a production capacity of 2 lakh units of and 36,000 units of three-wheelers per year. In Kosi (UP), a third plant with a capacity of 24000 units per year has also been established. All electric vehicles manufactured by SEAPL are desi... |
Landmark Cars shares off to slow start, list at 7% discount to IPO price New Delhi: made a tepid debut on the bourses on Friday as the company got listed at Rs 471.30 on BSE, a discount of 7% against its issue price of Rs 506 apiece. The retailer of the premium cars debuted at a discount of 7% at Rs 471 as against the ... |
Indian govt should stick to fiscal deficit target for this year NEW DELHI : India's federal government should stick to the fiscal deficit target laid out for this fiscal year and aggressively focus on privatising state-run companies, the country's top industry body said in a statement on Monday. The should adhere to th... |
Red Sea crisis pressures China's exporters as shipping delays, costs mount For Chinese businessman Han Changming, disruptions to are threatening the survival of his trading company in the eastern province of Fujian. Han, who exports Chinese-made cars to Africa and imports off-road vehicles from Europe, told Reuters the... |
customers are slamming on the brakes, saying: "Don't ship anything, hold it". "A lot of suppliers, they're screaming about money today," said Sagan, whose company supplies retailers including Walmart and Target. A worry for larger manufacturers, he said, is the snowball effect on smaller suppliers with tight margins, a... |
Can’t afford another lockdown, say Bengaluru transporters BENGALURU: Transport operators, including cab and autorickshaw drivers, are worried that weekend and night curfew will further reduce their earnings. Cash-strapped government transit agencies like BMTC, KSRTC and Namma Metro are also keeping their fingers crosse... |
Digit Insurance launches comprehensive EV Shield add-on cover New Delhi: A specific add-on cover has been launched by to meet the rising demand and the unique insurance needs of electric vehicles (EVs). In 2023 EV sales were at 15.29 lakh. India's EV market is pegged to become a USD 266 billion market with projected an... |
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