US Auto Manufacturers Are In Position Today, To Drive Full Speed Ahead: Biden

The US auto manufacturers are in a position today to drive full speed ahead, President Joe Biden has said as he continued with the push to invest billions of dollars in the auto industry in order to make the country leader in electric vehicles. "The US auto manufacturers are in a position today to drive full speed ahead. I believe we can own the future of the automobile market.

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Exports Rise Marginally In August; Trade Deficit More, Than Doubles To USD 27.98 Billion

India's exports rose marginally by 1.62 per cent to USD 33.92 billion, while trade deficit more than doubled to USD 27.98 billion in August due to increased crude oil imports, commerce ministry data showed on Wednesday. The revised data showed that imports rose by 37.28 per cent to USD 61.9 billion in August this year. The preliminary data released by the ministry on September 3 had shown a 1.15 per cent decline in exports to USD 33 billion in August.

Vedanta To Make Rs 25,000 Cr Fresh Investment, In Odisha

Vedanta Resources, which has the single largest investment of Rs 80,000 crore in Odisha, on Wednesday said it plans to pump in another Rs 25,000 crore for expansion of its aluminium, ferrochrome and mining businesses in the state. With this quantum of investment, it is contributing nearly four per cent to Odisha's state GDP through its operations (direct and indirect), a company statement said.

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