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NEW DELHI: The penalty on nine carmakers that failed to meet the Corporate Average Fuel Efficiency (CAFE-2) targets for three years — FY23 to FY25 — has been revised to Rs 2,728 crore, as per power ministry’s presentation made to the PMO last week. Earlier, the penalty was estimated around Rs 7,800 crore.Earlier, penalty was…
NEW DELHI: Amid lobbying by car companies, govt may end up deferring the implementation of Corporate Average Fuel Efficiency norms (CAFE 3.0) beyond April 2027. The PM’s Office has held two meetings during the last three weeks and more deliberations on the issue are planned to work out a formula that is acceptable to industry…
Energy-efficiency star labelling will become mandatory for a wider range of appliances, including refrigerators, televisions, LPG gas stoves, cooling towers and chillers, from January 1, as part of the government’s push to curb power consumption.According to a gazette notification issued by the Bureau of Energy Efficiency (BEE), as reported by PTI, the mandatory star-labelling regime…
Tata Motors has opposed proposals to exempt small petrol vehicles from the Corporate Average Fuel Efficiency (CAFE) norms, arguing that such relaxations could dilute the focus on sustainable technologies and undermine the country’s push towards electric mobility, PTI reported.In a letter to the Prime Minister’s Office, the Mumbai-based automaker said granting exemptions to petrol vehicles…
NEW DELHI: The deep differences in the Indian car industry over proposed relaxations in CO2 emissions limits in the new CAFE norms, which are to kick in from April 2027, are out in open with Maruti Suzuki, seen to be a major gainer, accusing “makers of some large gas guzzlers” of spreading “false narratives… (and)…
File photo: Senior Trump administration economic adviser Kevin Hassett (Picture credit: AP) Artificial intelligence could be boosting worker productivity to a level where companies feel less pressure to hire, senior Trump administration economic adviser Kevin Hassett said on Monday. Speaking on CNBC’s Squawk Box, the National Economic Council director said he has noticed “mixed signals…
State Bank of India (SBI) on Saturday said it has executed its first gold trade as a special category client (SCC) on the India International Bullion Exchange (IIBX), marking a key step in reshaping India’s bullion import framework.The move, SBI said, signals “a transformative era” for the bullion trade by enhancing efficiency, transparency, and accessibility,…
French automaker Renault is planning to reduce about 3,000 jobs through a voluntary redundancy programme for staff in support function; Reuters reported on Saturday citing French newsletter L’Informe. The cost-cutting initiative, named “Arrow,” targets human resources, finance, marketing, and other support services, aiming to lower staff numbers by roughly 15% at its headquarters in Boulogne-Billancourt…
The Maharashtra government on Friday rolled out an electronic bond, or ‘e-bond’, system for import and export transactions, replacing traditional stamp paper bonds, officials said. The move is aimed at simplifying trade procedures, accelerating business operations, and modernising the state’s economy.Revenue Minister Chandrashekhar Bawankule said Maharashtra has become the 16th state in India to adopt…
Currently, HAL’s order backlog exceeds its yearly revenue by more than eight-fold. (File photo of Tejas) With an aim to speed up deliveries of crucial platforms to the armed forces, the government is looking to restructure the public sector giant Hindustan Aeronautics Limited (HAL). The aim is to improve the operational effectiveness.The restructuring initiative stems…
