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NEW DELHI: Petroleum minister Hardeep Singh Puri on Tuesday said public sector oil marketing companies may not be able to sustain daily losses of Rs 1,000 crore from selling petrol and diesel below market price, in a strong indication that pump prices are set to rise in the coming days.“They’re taking a loss to insulate…
NEW DELHI: The Modi govt on Tuesday approved an over Rs 2.5 lakh crore loan facility, backstopped by the Centre, to help businesses – from MSMEs to airlines – deal with the impact of the West Asia crisis by providing additional funding.For several companies, payment cycles have become longer as ships are taking longer routes…
Unlike some of the soft drinks majors, for beer makers, cans are not a worry, but bottles are. Bottles, which make up for as much as 40-45% of the cost, and are used in nearly 80% of the sales are in short supply, prompting companies to seek a 15-20% increase in prices and release of…
NEW DELHI: At least one in four smartphones manufactured in India is now produced by domestic contract manufacturers, signalling a quiet but significant shift in the country’s electronics ecosystem.The rise has been led by Dixon Technologies and Bhagwati Products, with Dixon emerging as the country’s largest device maker, overtaking Samsung Electronics in overall production volumes…
NEW DELHI: Defence minister Rajnath Singh has invited the German industry to co-produce with India, particularly in the field of niche technologies, as he underscored the need to forge partnerships based on reliability and shared interests, terming them indispensable in current shifts in geopolitical alignments, disruptions in supply chains and rapid technological transformations.While addressing German…
CHENNAI: As political parties went silent on Wednesday after the month-long campaign, the Election Commission went into high gear, giving the final push to ensure smooth polling across Tamil Nadu on Thursday.Electronic voting machines were dispatched to polling stations under tight security, while flying squads stepped up vigil to prevent last-minute cash distribution. Chief electoral…
New Delhi: From Delta to Dell, Caterpillar, Ford and Jockey, American companies have opposed fresh tariff under Section 301, where the US Trade Representative has launched two investigations. They have argued that fresh duties will make it harder for them to compete and increase cost for consumers.There are others, such as Cheese Importers Association of…
NEW DELHI: After months of haggling, the auto industry seems to have been comforted by the latest draft of the Corporate Average Fuel Efficiency (CAFE 3) norms, which encourage the use of new technologies and target major improvements, starting April 2027. CAFE are govt-mandated norms to reduce fuel consumption and carbon dioxide across a carmaker’s…
NEW DELHI: Confederation of Indian Industry (CII) on Sunday called upon companies to work with govt to build reserves of raw material, fuel and strengthen supply chains amid disruptions from the West Asia crisis.“The present situation represents a supply side disruption, with pressures transmitted through energy costs, logistics and working capital cycles,” it said in…
BENGALURU: Infosys has strengthened its healthcare and insurance capabilities with a twin acquisition push, committing up to $560 million to expand its footprint in the US market.The company has signed a definitive agreement to acquire Optimum Healthcare IT for up to $465 million-one of its largest acquisitions in recent years-as it deepens its presence in…
