Jindal Steel International’s proposed acquisition of Thyssenkrupp Steel is facing delays due to unresolved pension-related issues with German authorities. While talks remain active, further assurances from German stakeholders are needed to move forward with the deal, which includes plans for a green steel facility.
Government is likely to extend subsidies for electric two-wheelers and e-rickshaws under the PM e-Drive scheme. While e-two-wheeler subsidies may continue until June, e-rickshaw incentives could last for about two years. This extension aims to allow more people to benefit from the scheme, despite challenges in localization for e-rickshaw manufacturers.
Industry has urged the government to address supply chain disruptions impacting sectors from pharmaceuticals to plastics. Suggestions include loan relief for small businesses, a “green corridor” for goods, and restricting certain input uses. Rising freight rates and a potential container crunch are also major concerns.
The inflows of Russian crude oil have risen sharply since the US-Iran war began and imports via the Strait of Hormuz were disrupted. In fact, crude imports from Russia are now nearing lifetime monthly highs!
