Articles for tag: Automotive, Crore, Facility, Future, Innovation, Jobs, Manufacturing, Motors, Nadu, Promising, Sustainable, Tamil, Tata, Unveils

September 28, 2024

Tata Motors unveils Rs 9,000 crore manufacturing facility in Tamil Nadu, promising 5,000 jobs and a sustainable future in automotive innovation.

Tata Motors Group has officially launched a new manufacturing facility in Panapakkam, Tamil Nadu, with an investment of Rs 9,000 crore. This state-of-the-art plant will focus on producing next-generation cars and SUVs for both the Indian and international markets. The facility, designed to have an annual capacity of over 250,000 vehicles, aims to create more ...

September 27, 2024

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Business

Nageswaran warns of AI’s labor displacement while heralding India’s robust economic growth amidst global uncertainties and promoting sustainable job creation.

V. Anantha Nageswaran, the Chief Economic Advisor to the Indian government, recently projected that the Indian economy will grow between 6.5% and 7% in the current financial year, with an impressive nominal growth rate of 11% accounting for inflation. He emphasized that this growth is noteworthy considering global economic challenges. Nageswaran highlighted the post-COVID recovery ...

September 25, 2024

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Business

Biden and UAE’s Zayed discuss the transformative India-Middle East-Europe Economic Corridor, aiming for global connectivity and sustainable growth.

US President Joe Biden and UAE President Sheikh Mohamed bin Zayed recently discussed the India-Middle East-Europe Economic Corridor (IMEC) at the White House, highlighting its potential to enhance international connectivity and promote economic growth. Launched at the 2023 G20 Leaders’ Summit, this ambitious project aims to improve shipping and rail links between India, the UAE, ...

September 23, 2024

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Business

KVS Manian begins his challenging tenure as CEO of Federal Bank, tasked with boosting deposits and maintaining sustainable growth.

KVS Manian has officially started his role as the managing director and CEO of Federal Bank, taking over the position on Monday. With nearly 30 years of banking experience, including a long tenure at Kotak Mahindra Bank, Manian is expected to enhance the bank’s sustainable growth strategy. One of his main challenges will be to ...

September 20, 2024

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Business

Union Finance Minister Nirmala Sitharaman emphasizes banks’ vital role in achieving India’s 2047 development goals through sustainable growth and technology.

Union Finance Minister Nirmala Sitharaman emphasized the vital role of the banking sector in achieving India’s goal of becoming a developed nation by 2047. Speaking at the 90th foundation day of the Bank of Maharashtra, she outlined key pillars for a prosperous India, including economic growth, social progress, environmental sustainability, and good governance. Sitharaman urged ...

September 15, 2024

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Business

ICRA ESG assigns its inaugural ESG rating to InCred Financial Services, signaling a transformative step towards sustainable investment in India.

ICRA ESG Ratings Limited has announced its first Environmental, Social, and Governance (ESG) rating for InCred Financial Services, a non-banking financial company. Recently registered as a Category-I ESG Rating Provider by SEBI, ICRA ESG aims to aid investors in understanding non-financial risks and opportunities. InCred received a rating of Impact 57, categorized as Moderate. This ...

September 10, 2024

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Business

Amid declining global fuel demand, ONGC Videsh pivots to securing overseas projects, prioritizing renewable transitions for sustainable growth.

ONGC Videsh, India’s leading overseas oil and gas company, is strategically focusing on acquiring stakes in producing assets abroad as global demand for refined fuels is expected to decline due to the shift towards renewable energy. According to Anupam Agarwal, the company’s head of finance, long-term exploration projects are not a priority, and efforts are ...

September 9, 2024

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Business

Mahindra unveils its electric vehicle, the e-ZEO, on World EV Day, heralding a new era in sustainable urban logistics.

Mahindra Last Mile Mobility Limited has unveiled its newest electric vehicle, the e-ZEO, which stands for “Zero Emission Option,” as part of its efforts to boost environmentally friendly transportation. This announcement coincided with World EV Day on September 9, 2024. The e-ZEO is designed for improved energy efficiency and faster charging, aimed at transforming urban ...

September 1, 2024

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Business

Striving for Ecological Balance: India’s Vision for Sustainable Development

Environment Minister Bhupender Yadav emphasized the importance of balancing economic growth with ecological sustainability during the Ideas4LiFE event at IIT Bombay. He advocated for a responsible approach to development, stressing that one-third of the Earth should be preserved for biodiversity, as it supports around 50,000 species essential for human consumption. Yadav outlined three key actions ...