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NEW DELHI: The ministry of external affairs on Thursday announced that some of the Indian companies have received licenses for importing rare earth magnets from China. During a weekly press briefing, MEA spokesperson Randhir Jaiswal said, “Some Indian companies have received licenses for importing rare earth magnets from China. We have to look at how…
India’s crude oil import costs have become increasingly expensive in the current financial year as the share of Russian crude in the country’s oil basket declines, a new report by Kotak Institutional Equities showed.It explained that alternative suppliers might be more expensive due to which premiums will remain elevated, impacting GRMs for refiners.The brokerage highlighted…
Britain’s Prime Minister Keir Starmer, centre right, at Chhatrapati Shivaji Maharaj International Airport in Mumbai (Picture credit: PTI) LONDON: UK Prime Minister Keir Starmer insisted he will not relax visa rules to offer more to Indians just before his flight touched down in Mumbai on Tuesday night in his first major trade mission to India.Accompanied…
India’s push for self-reliance in manufacturing is beginning to show results, with several consumer-facing companies cutting back sharply on their dependence on imports. As per ET, a study of 20 listed firms in automobiles, electronics and FMCG found that foreign exchange outflows as a share of sales have dropped significantly between FY20 and FY25, mainly…
