The six new sectors that could join the PLI scheme also include toys, bicycles, leather and footwear, the officials said. These sectors will share the INR 18,000-crore-rupee allocation that is being carved out from the scheme's original outlay, they added.
Global crude oil prices have surged from around $75 per barrel to above $94 per barrel since the beginning of July. Analysts expect the crude prices to cross the $100 per barrel mark in the next two months.
Ashwani Dhingra, Zonal Head, Central Bank of India, said, “This year, we aim 61% growth in MSME credit at our Mumbai and Goa Zone from INR 6,577 crore as of March 2023 to INR 10,618 crore by March 2024. Credit growth to MSMEs is expected to outperform overall credit to industry this year in Mumbai and Goa Zone, which is our largest zone in India. Consequently, the share of MSMEs in the overall credit outstanding in this zone is targeted to grow from 12% as of March 2023 to 15% by March 2024.”
Bajaj Auto's managing director, Rajiv Bajaj, stated that the entry-level customers are unlikely to return in the near future, indicating a lackluster festive season for traditional fuel-based motorcycles as buyers consider electric alternatives. Bajaj attributed this trend to the impact of the COVID pandemic, job losses, and rising petrol prices on lower-income households.
"We are keen to diversify into critical minerals, specifically lithium, nickel and cobalt," one of the sources in the company said. The sources did not specify which countries India will be talking to, to explore battery minerals sourcing.
Preliminary figures from state-owned enterprises show that diesel sales in India decreased for the second month in a row in September, as rains reduced demand and halted industrial activity in several parts of the nation. While diesel sales declined year on year in the first half of September at three state-owned fuel outlets, petrol sales increased slightly.
The two sides also exchanged views on regional and international issues of mutual interest, the statement said. The refinery is expected to lessen Mongolia's dependency on oil imports from Russia. Once completed, this refinery will be able to process 30,000 barrels of crude oil per day or 1.5 million tonnes annually and help the country meet its needs for petroleum products such as gasoline, diesel, aviation fuel, and liquefied petroleum gas.
Supplies from Russia fell 23% month-on-month to 1.47 million barrels per day (mbd) in August, even as India's overall crude imports fell 5% to 4.35 mbd, according to energy cargo tracker Vortexa. Russia's seaborne crude exports to China, however, increased to 1.4 mbd in August from 1.3 mbd in July.
Being the home for several traditional auto manufacturing players and component manufacturers, Tamil Nadu is also the hotbed for innovation in the electronics space and boasts some of the biggest players in the ecosystem.
JSW is likely to use a single platform on which it can build at least three mid-sized sport-utility vehicles (SUVs), one of the sources said, adding that Leapmotor will also engineer the cars for the Indian company.
According to police, the entire area of the New Delhi district will be considered as "Controlled Zone-I" from 5 am on September 8 to 11.59 pm on September 10. However, bonafide residents, authorised vehicles and emergency vehicles will be allowed to travel on the road network of the New Delhi district. India is hosting the G20 Summit and the main event will be held in New Delhi on September 9-10.
Transport department officials said the state has nearly 4 crore vehicles and 1.25 crore vehicles are expected to be fitted with HSRP within a year once the successful bidder is awarded the work. Customers will have to bear the cost of HSRP
India is preparing to start the auction process for some 100 critical mineral blocks in the next four months, as part of plans to secure domestic supplies of the raw materials needed to fuel the green energy transition. The blocks are for minerals including nickel, lithium, cobalt and platinum, along with rare earths, Mines Secretary Vivek Bharadwaj said in an interview in New Delhi.
To transform its network at scale and speed, the tech giant has partnered with local original equipment manufacturers in India, including small and medium businesses, and startups, to create innovative mobility solutions.
The integration of an electric sunroof into the Sonet Smartstream G1.2 HTK+ perfectly aligns with the surging demand for this desirable feature, increasingly influencing the car-buying decisions of modern consumers, the company said.
The EU has expressed concerns about the increasing import of refined petroleum products made from Russian crude oil in India, which are finding their way to the European market. The EU believes that this contradicts the purpose of the sanctions against Russia, which aim to reduce its ability to finance the war with Ukraine.
The EU has expressed concerns about the increasing import of refined petroleum products made from Russian crude oil in India, which are finding their way to the European market. The EU believes that this contradicts the purpose of the sanctions against Russia, which aim to reduce its ability to finance the war with Ukraine.
IndianOil will invest INR 1 lakh crore in expanding capacity to refine and turn crude oil into fuel and a staggering INR 2.4 lakh crore in projects that will help it achieve net-zero carbon emissions from its operations.
Spread across 17 acres of land, the upcoming facility at Palghar district of the state will incorporate a plant capable of producing nickel from scrapped lithium-ion batteries and nickel hydroxide, RecycleKaro said in a statement.
The profit margin, or crack, for processing a barrel of Dubai crude at a typical Singapore refinery climbed to $15.05 on Wednesday, the highest since July 5, 2022.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Coimbatore Srinivasan Natarajan | Unlock to View | Unlock to View | Additional Director | 15 Oct,2018 |
| Padmanabhan Gopalakrishnan | Unlock to View | Unlock to View | Director | 16 Aug,2018 |
| Santhanagopalan | Unlock to View | Unlock to View | Director | 20 Mar,2015 |
| Sanjay Kumar Nigam | Unlock to View | Unlock to View | Director | 20 Mar,2015 |
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