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Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Subscribe to enjoy similar stories. The career of Andrea Orcel vividly encapsulates the recent history of European banking. At Merrill Lynch, now part of Bank of America, Mr Orcel advised on deals that formed part of the wave of mergers that crested in 2007, when a pan-European troika bought ABN AMRO, a Dutch lender.

Philipp Freise, co-head of European private equity and partner at KKR, has done his time in the industry and worked his share of long hours. 

green GST (goods and services tax)' on cars-where the tax rate goes up or down based on the vehicle's emission levels-will be the ideal path towards achieving carbon neutrality, said Vikram Pawah, president of BMW Group India. The gradient will incline consumers towards buying greener cars, he told ET. «Ideally there should be a green GST...the greener the car, the lower is the GST,» Pawah said on the sidelines of the launch of the BMW M4 CS high-performance sedan in Mumbai.

car sunroofs is pushing the world’s leading makers of the feature to join local partners in ramping up investments to tap this burgeoning market. Netherlands-based Inalfa Roof Systems along with its partner Gabriel India is looking to double capacity for manufacturing sunroofs in the next one year. The duo, which opened their first plant in Chennai in the first quarter of 2024, can currently produce up to 200,000 sunroofs annually. Germany’s Webasto—a global leader in openable sunroofs—has started work to nearly double production capacity in the Indian market to 950,000 units per year by 2027, from the current 500,000 units. Auto parts maker Uno Minda inked a technical licence agreement this August with Japan’s Aisin Corp., among the world’s top 10 Tier I component suppliers, to locally manufacture and sell vehicle sunroofs. “The Indian automotive market is witnessing a remarkable shift, with sunroofs rapidly becoming a sought-after feature,” said NK Minda, chairman and managing director, Uno Minda. “Sunroofs have seen multifold growth in recent years. This trend is only set to accelerate as sunroofs, once limited to larger SUVs and MUVs, are now increasingly finding their way into hatchbacks.”

European Union countries have voted to impose duties on imports of electric vehicles from China, as talks continue between Brussels and Beijing to end the standoff before an end-of-October deadline

defence collaboration, the defence equipment manufacturers are expecting manifold increase in the collaboration and are bullish on Make in India initiative. MBDA, Europe’s leading missile manufacturer is looking to set up unit in India. Head of Naval systems in MBDA missile Systems, Stefano Bertuzzi told ET, " We are planning to have a unit in India in next three to four years. " Naval Group India is the first subsidiary of any Original Equipment Manufacturer (OEM) platform designer to establish it physical presence at Karwar.

electric vehicles, the EU executive said on Friday, even after the bloc's largest economy Germany rejected them, exposing a rift over its biggest trade row with Beijing in a decade. The proposed duties on Chinese-built EVs of up to 45% would cost carmakers billions of extra dollars to bring cars into the bloc and are set to be imposed from next month for five years. The Commission, which oversees the bloc's trade policy, has said they would counter what it sees as unfair Chinese subsidies after a year-long anti-subsidy investigation, but it also said on Friday it would continue talks with Beijing.

UST said on Thursday that it has acquired the automation unit of Information Services Group (ISG), for a total consideration of $27 million. The firm said the acquisition will strengthen its position in the intelligent automation space and allow the company to deliver a broader set of services to its clients. The acquired unit is a leading provider of intelligent automation solutions, utilizing artificial intelligence (AI), robotic process automation (RPA), and automation technologies to help clients across a range of industries, said the firm in its statement. It further added that the automation unit of ISG helps optimize clients’ business processes, enhance their customer experience, and reduce their operational costs. The development comes days after the IT firm set a target of 6,000 employees in its Kochi centre, up from the current level of 2,800, in the next five years. While UST’s Thiruvananthapuram centre has about 7,500 employees and is the company’s largest centre globally, UST Bengaluru has about 6,500 employees. Across India, the IT firm has around 20,000 employees. Globally, the firm has more than 30,000 employees.

Subscribe to enjoy similar stories. Observers of the Indian information technology (IT) services space expect Infosys Ltd to post the fastest revenue growth among the industry’s top five for the quarter ended September 2024. Brokerages Axis Capital and Nomura in their notes predicted sequential revenue growth upwards of 4% for Infosys, whereas HDFC Securities projected 3% jump in revenue.

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

Subscribe to enjoy similar stories. When Russia’s leaders stopped most of the country’s gas deliveries to the EU in 2022, they thought themselves smart. Prices instantly shot up, enabling Russia to earn more despite lower export volumes.

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

Subscribe to enjoy similar stories. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) fell to an eight-month low of 56.5 in September from 57.5 in August. A reading of 50 separates expansion from contraction.

Inflation in the 20 countries that use the euro fell to 1.8% in September, below the European Central Bank’s target of 2% for the first time in more than three years

World shares are mixed, with Japan's Nikkei 225 index regaining some of its sharp losses from a day earlier

A startup called HopfON — a play on Hopfen, the German word for hops — and a research society in Bavaria are seeking to solve the problem of waste created during the hops harvest in Germany

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