Toyota, the world’s largest carmaker by vehicles sold, had announced a “breakthrough” in solid state battery materials late last year and had said it plans to mass-produce solid-state batteries by 2027 or 2028.
The FPI sell-off in January was also one of the reasons for the fall in benchmark indices, Sensex and Nifty, which had tanked around 2 per cent in a highly volatile month.
This is the 73rd occasion when a proposal moved by Guatemala, a Central American country, on behalf of 130 members was not able to launch the selection processes.
Saurabh Verma, Managing Director of Global Insurance Brokers, said the Red Sea scenario typically falls under the category of war risk for marine insurance.
The United Nations Conference on Trade and Development (UNCTAD) warned that the crisis is impacting global food prices, with longer distances and higher freight rates potentially cascading into increased costs.