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GST rate cut eases discount pressure for truck makers

CHENNAI: The recent GST rate rationalisation has not only resulted in a drop in the prices of commercial vehicles but also eased the long-standing pressure on original equipment manufacturers (OEMs) to offer steep discounts in India’s highly price-sensitive and fiercely competitive truck market.Before the GST revision, medium and heavy commercial vehicles (M&HCVs) priced around Rs…

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Donald Trump sanctions impact: Russia crude available at highest discount in a year; India, China cut purchases

Russian Urals crude’s price differential to Brent has increased by $2 to approximately $4 per barrel for December deliveries. (AI image) Donald Trump’s sanctions on two of Russia’s major oil firms seems to have had the impact that the US was looking for. China and India, two of the largest purchasers of Russian crude oil,…

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