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Subscribe to enjoy similar stories. Mahindra & Mahindra Ltd (M&M) has widened its electric vehicle (EV) portfolio with the launch of two new models – BE 6e and XEV 9e. Its first EV, the XUV 400, is still struggling almost two years after its launch in January 2023, with sales of about 1,000 units a month.

India's global trade story has long been shaped by its relationships with two of its largest partners: the United States and China. While these relationships have grown significantly over the past decade, they show stark contrasts that often remain as lesser-known facts, at least like Crisil called it in an investr note. India’s trade with the U.S. and China reached $120 billion and $118 billion respectively in fiscal 2024, doubling over the last decade. However, the similarity ends here, Crisil said, as it notes hat India has a $35.3 billion trade surplus with the U.S., while it faces an $85.1 billion trade deficit with China.

PTA manufacturing plant at Mangalore, the firm said Thursday. The company, through its wholly-owned subsidiary GAIL Mangalore Petrochemicals Limited (GMPL), re-engaged INEOS to support the plant's revitalisation, formalising this renewed collaboration through an Amendment Agreement signed here, it said in a statement. «This marks a significant step towards the revival of GMPL's 1.25 million tonnes per annum purified terephthalic acid (PTA) manufacturing plant located in the Special Economic Zone (SEZ), Mangalore,» the statement said. The original agreement with INEOS was executed by JBF Petrochemicals (JBF), which could not be realised due to insolvency proceedings. Following GAIL's acquisition of JBF through the Corporate Insolvency Resolution Process (CIRP) under the National Company Law Tribunal (NCLT) in June 2023, the state-owned firm is now working to overcome the legacy challenges and ensure the plant's successful on-streaming and long-term operational stability.

Subscribe to enjoy similar stories. Russian aluminium giant Rusal recently shook the global market with its plan to slash output by more than 6%, citing skyrocketing alumina prices and weakening domestic demand. The decision comes amid a surge in alumina prices, which have more than doubled to about $700 a tonne owing to supply disruptions in Guinea, Brazil and Australia.

regenerative food packaging are showing the path to others. In an interaction with ET Digital, Pranay Pasricha, Brand and Marketing Head India of NSE-listed Pakka Limited, explains why energy-efficient manufacturing is essential for reducing our environmental impact and why, for Pakka, it’s not just about saving on energy costs but also about cutting carbon emissions and conserving natural resources. He also says that one of the biggest challenges for them is making sustainability more affordable for people. Edited excerpts: The Economic Times (ET): Share Pakka’s journey and how sustainability has been integrated into the company’s core mission. Pranay Pasricha (PP): Pakka’s journey has always been guided by a deep respect for the planet and the communities we work with. From the very beginning, we have focused on creating solutions that are both practical and environmentally friendly. For us, sustainability isn’t an extra step—it’s the heart of everything we do.

Britain’s new Labour government will launch a consultation on sales targets set for auto manufacturers during the transition to electric vehicles

Directorate General of Civil Aviation (DGCA) has sent a notice to Akasa Air for failing to impart corrective training to a pilot who was responsible for a hard landing, according to people aware of the development. A hard landing occurs when an aircraft lands at a velocity beyond the manufacturer's permitted limit. DGCA rules mandate that after investigation is completed in such landings, the pilot should be sent for corrective actions like additional training in simulators. Sources cited above said that an Akasa Air flight from Bagdogra to Bengaluru was involved in a hard landing incident in March.

unmanned aerial vehicle (UAV) technology domain on Wednesday announced the successful delivery of a «one-of-its-kind» logistics drone to the Indian Army, aimed at enhancing its capabilities in challenging terrains. The Sabal 20 logistics drone has been manufactured by EndureAir Systems. The firm announced the «successful delivery of one-of-its-kind Sabal 20 Logistics Drone to the Indian Army», saying it marks a «significant milestone» in enhancing the logistics capabilities of the defence forces operating in challenging terrains, according to a statement issued by the company. The aviation technology company was incubated on the corridors of IIT-Kanpur in 2018, with the objective to provide world-class drone technology that is best suited for both defence and civilian applications, it said.

U.S. President-elect Donald Trump has threatened to sharply raise tariffs on all Chinese imports and close some loopholes Chinese exporters currently use to sell their products more cheaply in the U.S. If enacted, his plans would likely raise prices in...

Despite the cumulative 75-basis-point cut by the United States Federal Reserve since September and the 125-basis-point cut by the Bank of Canada since June, the most recent loan officer surveys for both countries showed lending standards actually tightening.

Federal investigators in New York have requested records from the manufacturer of an AI-powered weapons scanner that was briefly deployed in New York City’s subway system

Canadian officials are blasting President-elect Donald’s Trump’s threat to impose sweeping tariffs

Mexican President Claudia Sheinbaum has suggested Mexico could retaliate with tariffs of its own, after U.S. President-elect Donald Trump threatened to impose 25% tariffs on Mexican goods if the country doesn’t stop the flow of drugs and migrants acros...

Economists are warning the hit to Canada’s economy will be significant if incoming U.S. president Donald Trump makes good on his threat of imposing a 25 per cent tariff on all Canadian and Mexican imports when he takes office.

Rep. Eric Burlison, R-Mo., talks President-elect Trumps tariff plans, the DOJ dropping Trumps federal election case and a bill to abolish Americas Bureau of Alcohol, Tobacco, Firearms and Explosives.

President Joe Biden’s administration will loan $6.6 billion to electric vehicle maker Rivian Automotive to build a Georgia factory

Mate 70 series is designed to rival high-end devices such as Apple's iPhone, with prices starting at 5,499 yuan (£636), undercutting the base iPhone 16, which retails at 5,999 yuan (£682).Richard Yu, Chairman of Huawei’s Consumer Business Group, introduced the Mate 70 at an event in Shenzhen, asserting that it is “the most powerful Mate phone ever". The new series boasts several innovations, including an improved processor and the world’s first mainstream smartphone featuring a satellite paging system, a notable leap in technology.

Check out oil-filled heaters on AmazonInfrared heaters are often labelled as unsafe, mainly due to their ability to produce intense heat. However, modern infrared heaters are designed with multiple safety features, making them as safe as any other room heater. These include automatic shut-off mechanisms, cool-to-touch exteriors, and tip-over protection.

Subscribe to enjoy similar stories. Bengaluru: The dazzlingly bright fine jewellery store had all kinds of glitzy items on display, but there were only four customers checking them out when Mint visited it on a Wednesday evening earlier this month. The manager candidly told us that the store, located in a commercial area not far from IT hub Whitefield, never saw the kind of wedding jewellery-hunting crowds common at long-established names such as C.

The Biden administration plans on reducing part of Intel’s $8.5 billion in federal funding for computer chip plants around the country, according to three people familiar with the grant who spoke on the condition of anonymity to discuss private convers...

The Information, the tech giant may shift from using titanium or stainless steel frames, instead opting for aluminium — a material commonly found on its non-Pro devices.If accurate, this would mark a departure from the titanium frames introduced with the iPhone 15 Pro range in 2023 and carried forward to the upcoming iPhone 16 Pro lineup. Apple had heavily promoted the aerospace-grade titanium on the iPhone 15 Pro series, highlighting its premium and durable qualities.It is noteworthy that the alleged proposed change would mean that all four iPhone 17 models, expected to debut in late 2025, could share a similar aluminium build, bridging the gap in materials between Pro and non-Pro variants.In addition to the aluminium frame, the iPhone 17 Pro and Pro Max are also rumoured to feature a rear panel comprising a mix of aluminium and glass.