Latest news with #Fines
Reuters
06-05-2025
- Automotive
- Reuters
European Parliament clears way for fast-track approval of softer car C02 emission targets
BRUSSELS, May 6 (Reuters) - The European Parliament cleared the way on Tuesday to fast-track approval of softer EU C02 emissions targets for cars and vans that will allow automakers more time to comply and reduce potential fines. EU lawmakers voted in favour of a motion for rapid approval of the change, rather than proceeding with months of debate. They will vote again on Thursday on the Commission's proposal itself. The proposal still needs approval from EU governments.
The Hindu
01-05-2025
- Business
- The Hindu
NMDC raises iron ore prices by ₹440 a tonne
State-owned miner National Mineral Development Corporation (NMDC) has raised iron ore prices by ₹440 per tonne effective May 1, 2025. Baila Lump will cost ₹6,440 per tonne, while the same quantity of Baila Fines will come for ₹5,500, the company said, announcing the first price revision this fiscal. The prices were last revised on January 9 to ₹6,000 and ₹5,060 respectively. These are FOR prices inclusive of royalty, DMF as well NMET and exclusive of cess, forest permit fee, transit fee, GST, environmental cess and other taxes, India's largest iron ore producer said in a filing on Thursday (May 1, 2025). The company had revised prices of the key raw material for steel seven times in FY25. Continuing with the ₹5,800 for Lumps and ₹5,060 for Fines, which it had announced effective March 21, 2024, NMDC had increased the prices four times during the fiscal. During the revision effective May 28, 2024, the prices touched the highest for the fiscal at ₹6,450 and ₹5,610 respectively and remained in force for a little over month. The lowest during FY25 was ₹5,350 and ₹4,610 respectively and maintained for close to two months from August 7.
