Latest news with #YashKumarSinghal
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Business Standard
4 days ago
- Business
- Business Standard
Datanomics: US sermonises India, ignoring its own vital imports from Russia
While the US has cut down on goods import from Russia sharply, from $29.63 bn in 2021 -- when it attacked Ukraine -- to just $3 billion in 2024, it has ramped up exports of some other crucial items premium Yash Kumar Singhal Listen to This Article After US President Donald Trump warned to raise 'substantial' tariffs on Indian exports, New Delhi shot back accusing Washington and the European Union (EU) of targeting India unreasonably for its oil imports. India also said the US has itself been importing uranium, palladium, fertilisers and chemicals from Russia for its industry and agriculture and that the EU has higher trade with Russia than India has with that country. While the US has cut down on goods import from Russia sharply, from $29.63 billion in 2021 -- when it attacked Ukraine --
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Business Standard
15-07-2025
- Automotive
- Business Standard
Datanomics: India EV penetration subdued even as biggies enter market
According to the data from Federation of Automobile Dealers Association (FADA), the EV penetration in India was just 7.8 per cent in FY25, marginally up from 7.1 per cent in FY24 premium Yash Kumar Singhal New Delhi Listen to This Article The electric vehicle ecosystem is set to get a boost in India with Tesla's first store in the country opening its doors on Tuesday in Mumbai. Its rival, Vietnamese EV firm VinFast, has also started bookings for its VF6 and VF7 models. However, the government's target to raise EV sales to 30 per cent of vehicle sales, or attain 30 per cent EV penetration, by 2030, looks unachievable at the current pace of adoption. Report card According to data from the Federation of Automobile Dealers Association (Fada), the EV penetration in India was just 7.8 per cent in 2024-25 (FY25), marginally up
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Business Standard
09-07-2025
- Business
- Business Standard
Chinese techies' exit likely to hamper India's smartphone export success
This comes after Beijing verbally asked regulatory authorities and local governments to curb technology transfers and movement of technicians to other countries Yash Kumar Singhal New Delhi Listen to This Article Recent reports of Chinese engineers and technicians being asked to leave the manufacturing facilities of Apple's iPhone in India have raised fears about its effect on production and export capacity of made-in-India smartphones. This comes after Beijing verbally asked regulatory authorities and local governments to curb technology transfers and movement of technicians to other countries in a bid to prevent the companies from shifting their manufacturing base elsewhere. Earlier, India's commanding success at smartphone exports reached new heights in FY25, with exports worth $24.13 billion in FY25 – 55 per cent more than what it exported in FY24.
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Business Standard
08-07-2025
- Climate
- Business Standard
Datanomics: Displacements in India rise due to natural disasters, conflicts
According to the data from Geneva-based Internal Displacement Monitoring Centre, around 118,000 people were displaced by climate-induced disasters in India in 2024 Yash Kumar Singhal Listen to This Article The recent natural calamities such as floods, cloudbursts, and landslides across the country have led to multiple deaths and displacement. Further, conflicts in Manipur and some other states have led to uneasiness, forcing people to shift to safer areas. A caution should be exercised in interpreting the data since a single displaced person may be counted multiple times as each event of displacement is counted separately. Displacement due to natural disaster According to data from Geneva-based Internal Displacement Monitoring Centre, more than 5.4 million internal displacements happened in India in 2024. From 2008-24, 61.9 million internal displacements took place, and
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Business Standard
26-06-2025
- Business
- Business Standard
Datanomics: India looks at options amid crunch of rare earth materials
China and the United States produced nearly 70 per cent and 11.5 per cent of the world's production of rare earth elements (REEs) respectively in 2024 Yash Kumar Singhal New Delhi Listen to This Article The Centre recently asked IREL, a public sector undertaking (PSU), to suspend a 13-year-old agreement on export of rare earth elements (REEs) to Japan to safeguard supplies for domestic needs. This comes in the wake of Chinese restrictions on the export of seven rare earth metals (REMs) and rare earth magnets, which has put the Indian automotive and electronics industry in a precarious position, crippling their production and supply. Global distribution China and the United States respectively produced nearly 70 per cent and 11.5 per cent of the world's production of REEs in 2024. Myanmar produced around 31,000 tonnes (eight per
