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companies in the space was primarily caused by their pulling back on spending, and it happened even as the broader market for used cars continued to expand in India. According to industry sources, used-car sales rose 27% in FY23 to 5.45 million units. Sales of new cars also rose 27% last fiscal year, as per data releas... |
marketplace, revenue increased to Rs 3,262 crore in FY23 from Rs 109 crore in FY22. CarDekho saw its revenue from operations expand to Rs 2,331 crore against Rs 1,600 crore in FY22. Its loss widened to Rs 562 crore from Rs 535 crore. |
FADA joins with Frost & Sullivan for customer experience study, results in Sept 2024 The Federation of Automobile Dealers Associations ( ), the apex body championing the interests of India's Automobile Retail Sector, has teamed up with , a Growth Pipeline Company to spearhead an ambitious Customer Experience Index (CEI... |
ADAS for motorcycles: Spark Minda to launch rider assistance system by 2024 Corporation, the flagship company of Spark Minda, announced in April 2021 its partnership with Israel-based Ride Vision, a rider assistance systems solution company. Under this partnership, Minda would bring Ride Vision's AI-enabled Collision A... |
Manufacturing sector gets USD 21 billion FDI in FY22 The manufacturing sector attracted foreign direct investments worth USD 21.34 billion in 2021-22, an increase of 76 per cent year-on-year, the said on Thursday. It said the government has implemented several reforms under the policy regime across sectors such as insu... |
Huge sanctions are looming for the fuel that powers the world An unprecedented chunk of the global market, the workhorse fuel of the , is just weeks away from being subject to aggressive sanctions. From February 5, the , the G-7 and its allies will attempt to impose a cap on the price of ’s fuel exports — the latest pu... |
this winter, the worst predictions of oil scarcity have been averted. Diesel, which months ago was the epicenter of oil-market strength, has softened thanks to unseasonably warm weather and an influx into Europe. Crude prices slid after sanctions on Russia appeared to reroute exports, rather than cut them. Among Moscow... |
Battle of Affordable Compact SUVs - Nexon’s Price Against Venue Costs The compact segment in India has seen tremendous growth in recent years. With improved infrastructure and gradual urbanisation, many first-time buyers opt for a practical compact SUV over traditional sedan or hatchback models. Within this competitive... |
delivery up to the redline. On dynamics, the Nexon translates its meatier outputs to offer a greater handling feel via quick and linear direction changes. Body control also impresses. Ride quality remains plush on both. While neither is meant as a driver's toy, the Nexon edges ahead here. Fuel efficiency The mileage fi... |
How to reduce premiums during car insurance renewal Lowering your car insurance cost is crucial as it may save you a lot of money in the long run, while still giving you the coverage you need. With an increase in car ownership, the accident rate is also rising along, which is forcing insurance companies to increase . H... |
to get quotations for any vehicle insurance renewal. Online insurance lowers rates by offering a wide range of options. The progress of technology has made insurance easily accessible online these days. When compared to traditional brokers, these online platforms provide customers with significant discounts. Therefore,... |
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South Korea to complete preparations for Level 4 autonomous car by 2024 will set up safety standards and an insurance system for the launch of Level 4 in the country by next year, the said on Sunday. Land, Infrastructure and Transport Minister Won Hee-ryong also said the government will "dramatically" ease regulations ... |
Pre-budget survey: Aspirations and disappointments of Indian middle class consumers In December last year, Finance minister made a statement that Modi govt's approach to reforms was "sensitive to the needs of the middle class". She made that statement with reference to the banking sector reforms, which she said were in... |
section is crucial The upper segment of the Indian middle class accounts for the majority of demand — both urban and rural — in the country. In a country where consumption constitutes three-fifths of GDP, the economy has historically relied heavily on spending by middle class consumers. Various common estimates define ... |
No problem in Tesla producing EVs in India but must not import vehicles from China: Gadkari New Delhi, Union minister on Tuesday said if the US-based Tesla is ready to manufacture its in India then there is 'no problem' but the company must not import cars from China. In an interactive session at the Raisina Dialogue, ... |
Toyota rolls out first battery electric car in cautious debut as rivals go full-throttle rolls out its first mass-produced battery electric car in Japan on Thursday for lease only, a strategy the automaker says will help ease driver concerns about battery life and resale value but has raised analysts' eyebrows. Gasolin... |
its second battery EV model, the Ariya SUV, also on Thursday. The Ariya will be sold for the equivalent of $41,500, not including a government subsidy. Honda Motor Co in April laid out a target to roll out 30 electric vehicle models globally by 2030. |
Maruti Suzuki Subscribe partners with Quiklyz by Mahindra Finance New Delhi: has partnered with by for its Subscribe programme and extended the programme to the Kolkata market. MSIL has three other partners for the programme: , , and . It also provides the customers with an added option of choosing either white or blac... |
Automovill opens 10,000 sq ft workshop in Kolkata, plans 10 more across India New Delhi: , a Bengaluru-based full-stack mobility solution provider, opened its latest workshop in on Monday to provide an array of value-added services to the customers in the region. As the landscape of online players in the aftersales eco... |
Tough choices – Race to conquer an uncertain future in automotive industry By Volatility, uncertainty, complexity and ambiguity used to be characteristics that many Western managers associated solely with so-called emerging markets such as India. Dealing with such environments was thought to be fundamentally different ... |
Court orders EV manufacturer to pay INR 30k to customer over flawed e-bike records A ordered and Ola Experience Centre, Rajajinagar, to pay a Bengalurean a compensation of INR 20,000 for the deficient service it provided him when he purchased an Ola electric bike and pay another INR 10,000 as legal cost within 45 days.... |
Vehicle with no FC and permit; insurer still has to pay compensation: Karnataka High Court The on Monday said that an insurer cannot escape the liability of paying compensation even when the fitness certificate (FC) and permit of a vehicle is not renewed but the insurance policy is in force, reported news agency PTI. T... |
Indian refiners may buy Russian fuel, export own Some Indian refiners are planning to import n diesel and other refined products for domestic consumption so they can free up locally produced fuels for export to the West, which has nearly stopped taking refined products from Russia, according to people familiar with the... |
CarTrade Tech launches CarTrade Ventures for strategic acquisitions and investments Ltd., a leading , has launched CarTrade Ventures to invest up to INR 750 crore in 5 to 7 years to strategically acquire and invest in companies in the automotive space. The objective is to enter a new market or segment, or bring new pro... |
EV broken? Finding a technician to fix it may take a while A global shortage of technicians and independent repair shops qualified to fix electric vehicles (EV) threatens to increase repair and warranty costs for drivers, potentially undermining upcoming deadlines to cut vehicle carbon emissions. From Milan to Melbourn... |
of London, has embraced EVs and hybrids, which he says make up around 15% of repairs. Darvill says Hillclimb's planned investment of 25,000 pounds (USD 31,400) in training and equipment will pay for itself in late 2024 when EVs and hybrids should make up 35% of repairs. Customers lacking EV repair options already come ... |
Union govt not looking at any tailored incentives as of now for Tesla; states can offer: Sources The union government is not looking at extending any tailor-made incentives to US-based electric car maker as of now, though states are free to offer concessions to the company, sources said. They also said that the company... |
More than 50% vehicles not insured: Govt Mumbai: More than 50% of vehicles on Indian roads are operating without the mandatory third-party . This was disclosed by the government in response to a Parliament query. Minister of state for finance Bhagwat Karad, replying to a query from Lavu Sri Krishna Devarayalu, said tha... |
InsuranceDekho bags USD 60 mn, value pegged at USD 700-750 mn marketplace has raised USD 60 mn in its ongoing Series B funding round from Japanese financial services major Mitsubishi UFJ Financial Group, BNP Paribas Cardif, which put money through its insurtech fund, and Beams Fintech. The family office of Yogesh Mahan... |
life insurance and some other general insurance products. It currently has around 1,900 employees. It competes with the likes of listed company and venture-funded . Currently, Policybazaar is focused on expanding its own POSP business too. ET wrote on June 12 that Policybazaar currently gets 42% of its overall revenue ... |
Over 10 lakh motor accident claims pending in India, worth INR 80,000 crore: RTI data There are a total of 10,46,163 in the country, amounting to INR 80,455 crore. The number of these claims has been consistently increasing from 2018-19 to 2022-23, as revealed through information obtained via the Act. These details wer... |
Stellantis considering India manufacturing of affordable EVs New Delhi: ’s electric vehicle was something that was negotiated by but it “certainly helps”, said Carlos , the chief executive of the world’s third largest carmaker, . The group, which owns several brands including Chrysler, , and , is considering locally af... |
exporting vehicles – C3 and eC3 - out of India to Southeast Asia. So that's something that we are eager to do. We will try to continue to expand the exports out of India to Southeast Asia at this stage.” Citroën, a relatively new entrant in the country, exported 3,278 vehicles last fiscal year compared with 204 units i... |
Delhi LG seeks to link vehicle's insurance premium to traffic violations, writes to FM Sitharaman New Delhi: has written to Union Finance Minister , proposing a stringent plan that seeks higher insurance premiums for vehicles with a history of . Saxena said that a vehicle, which has been frequently challaned for traffi... |
States, where insurance premiums increase significantly based on traffic violation and speeding tickets leading to an average premium increase of 20 to 30%. This also followed in several European Nations," reads the letter. By implementing this policy, India can take a significant step towards creating safer roads, sav... |
Tesla's quarterly deliveries set to rise as China incentives lure wary EV buyers is expected to report an 8% jump in third-quarter deliveries of its on Wednesday, Wall Street estimates show, driven by extended incentives and lucrative financing plans in the world's largest auto market, China. Responding to sluggish Chi... |
Changes likely in India's new EV policy, may benefit legacy car companies New Delhi: India is likely to make changes to its new electric vehicle ( ) policy to incentivise automakers that have already made investments in the country, people in the know told ET. This comes as US electric carmaker Inc is still to make any... |
development said, adding, “among the tweaks being considered is to specify a backdate for investments being made in indigenous manufacturing of high-end EVs”. A cut-off date for investments prior to getting government nod would make firms like VinFast eligible for incentives under SMEC. The Vietnamese carmaker has alre... |
Can Bhavish Aggarwal become India’s answer to Musk or will he collapse? When arrived for a recent visit at the Ola Futurefactory, marketed as the world’s largest electric two-wheeler plant, the company’s founder was quick to spot a shuttered entryway that should have been left open. He immediately summoned a custodial ... |
a model for how developing economies can scrap combustion engines and lower emissions without costly . In India, government subsidies and inexpensive labor are helping make EVs as cheap as or cheaper than internal-combustion-engine models. “The cheapest Tesla costs $50,000, which most of the world cannot afford,” Aggar... |
started operations in India in 2013, Aggarwal encouraged Ola’s workers to try to outsmart the Silicon Valley company on every front — prioritizing outreach to government officials, public relations blitzes and support services for drivers. Former employees said the startup was an exciting place to work at that time. Ol... |
complaints to pile up on social media. Aggarwal and Ola Electric’s Twitter feeds are filled with buyers upset about delivery delays, overheating batteries and scooters that catch fire. When Aggarwal recently asked his Twitter followers what cool scooter accessories they wanted, one responded, “Fire extinguisher.” Insid... |
clearer in recent months. Scooter sales have yet to take off. Vehicle registrations fell 35% in July compared with June, according to Business Standard newspaper. Ola Electric sold a little over 45,000 units by July of this year based on vehicle registration data — far less than what the factory can produce and below t... |
10 ways to reduce car insurance premium When you buy a car, the convenience comes for a price. Besides maintenance, you also pay for the vehicle’s insurance, which has two components: ‘third party’ and ‘own damage’ or what is also known as ‘comprehensive’ insurance. While the former covers any damage or injury incurred... |
tinted head or tail lights, fake carbon fibre, flashing brake lights and over or undersized wheels and tyres,” says Agrawal. 4) Avoid small claims If your car suffers minor damage like scratches or small dents, you should avoid making a claim because you will not be eligible for a (NCB) at the next renewal. NCB is a di... |
Maruti Suzuki provides loaner vehicles, cabs to cyclone-affected Tamil Nadu, Andhra consumers Tuesday said it has stepped up efforts to provide loaner vehicles and cab services to consumers affected in Tamil Nadu and Andhra Pradesh in the aftermath of the ‘ ’, so that customer mobility is not disrupted while vehicles u... |
Russian crude oil share in imports dips to 25% in January The share of Russian oil in India's crude imports fell to 25% in January from 31% in December 2023 and an all-time high of 44% in May last year as price discounts narrowed, the drove up freight and US sanctions hurt shippers. India imported 1.2 million barrels p... |
Oil prices fall as investors weigh Fed chair comments, rate hike fell on Thursday following three sessions of gains, after U.S. Federal Reserve Chair re-stated his commitment to curbing inflation, including the possibility of more interest rate rises. fell 80 cents, or 1%, to $75.89 a barrel by 00:09 GMT, while U.S. cr... |
Irdai proposes 3 yrs insurance cover for cars, 5 yrs for two-wheelers New Delhi: Regulator on Wednesday proposed to introduce an insurance cover of three years for cars and five years for two-wheelers with an aim to allow wider choice to customers. The Insurance Regulatory and Development Authority of India (Irdai) has... |
Car services startup Park+ expects to turn profitable in March 2024 quarter startup expects to turn by the January-March 2024 quarter and close the current fiscal with over Rs 200 crore, a senior company official said. Park+ founder and CEO said that the company at present has operations in about 30 cities and plans to... |
How to ready the documents needed for export shipment When it comes to ing, keeping the right set of documents handy can make a big difference in ensuring the process is smooth and seamless. Becoming adept at organising such documents is crucial to handle export orders, especially the big or complicated ones, and make ... |
certificates and fumigation certificates are required to show conformity with international quality, standards and procedures. Other necessary paperwork includes export orderquality check certificate; marine insurance policy; health certificate (applicable only when exporting food products that are of animal or non-ani... |
EV infrastructure may be included under priority sector lending The government is looking at including (EV) infrastructure within the category, a senior official said Saturday, a move that would come as a boost for the sector. "We have received a representation to include EV infra in the priority sector. We will look a... |
programmes. The ministry also indicated that the E-Shram portal could be tapped in coordination with the labour ministry to increase the coverage of schemes such as the Pradhan Mantri Jeevan Jyoti Bima Yojana and the Pradhan Mantri Suraksha Bima Yojana. The government announced earlier this month that the number of PMJ... |
Italy to crack down on e-scooters after deaths and accidents The Italian government on Tuesday announced a crackdown on the use of electric scooters on city streets, looking to cut accidents, reduce injuries and prevent pavements from becoming cluttered obstacle courses. Updating Italy's highway code, the government al... |
INR 2.2 lakh crore revenue foregone due to excise duty cuts on petrol, diesel: Hardeep Puri Around INR 2.2 lakh crore of revenue was foregone because of cuts in excise duty on petrol and diesel announced between November 2021 and May 2022, Union Minister on Saturday. Addressing a press conference, Hardeep Puri, who is ... |
cost increase was not fully passed on to consumers of domestic LPG. Accordingly, domestic LPG prices were raised by only 72% during this period, leading to significant losses for the oil marketing companies. Despite these losses, the public sector oil marketing companies have ensured continuous supplies of this essenti... |
Ford exec expects software to boost revenue for commercial trucks, vans Ford Motor expects to incorporate more and better software into the trucks and vans in its highly profitable commercial vehicle business and grow revenues by USD 4,000-USD 5,000 per vehicle in the future, a top executive said on Thursday. , chief f... |
New Proace Max completes Toyota professional e-lineup delivers a more comprehensive choice than ever with a reinvigorated and expanded electrified line-up of commercial vehicles complemented by an uncompromising commitment to customer care enabling Toyota’s continued growth in the sector. Class-leading light commercial... |
emissions driving with the practicality of up to 420km (WTLP standard) range. The Proace MAX platform leads the way for conversions too, with Toyota’s uncompromising quality standards at its heart. It is available in as a one-way or three-way tipper and dropside configurations, including the optional Chassis, Platform ... |
Services for peace of mind as well as courtesy vehicles to keep customers on the road and at work. To enhance the experience from purchase through ownership, newly developed Toyota Professional Centres will provide dedicated commercial vehicle expertise and servicing facilities. An updated accessory range includes prac... |
Edelweiss General Insurance launches India’s first mobile telematics-based motor insurance has launched Switch - India’s first on-demand comprehensive product, under the IRDAI’s Sandbox initiative. Switch is a fully digital, mobile telematics-based motor policy that detects motion and automatically activates insurance ... |
Tesla taps Asian partners to address 4680 battery concerns It's crunch time at Inc, where is looking to crack the code for making better, cheaper batteries. The electric-vehicle maker is recruiting Chinese and Korean materials suppliers to help lower the cost and boost the energy of its newest , even as the company str... |
Despite the immediate problems, some analysts remain optimistic Tesla will resolve these issues. "While execution risk remains and many details are unknown, Tesla's impact on the global battery industry may still be underestimated," Morgan Stanley said after investor day. Musk first announced the new cell at Battery Da... |
Should you take car insurance linked to distance, driving style? NEW DELHI: Your could soon be decided by how much and how well you drive. The Regulatory and Development Authority of India ( ) has permitted insurers to launch policies with premiums linked to mileage and quality of . Pay-as-you-drive policies allow buye... |
NHAI completes largest ever InvIT monetization of over INR 16000 cr through round 3 (NHIT), the infrastructure investment trust by the National Highways Authority of India (NHAI), has successfully concluded fund-raising through ' ' for national highway stretches of aggregate length of 889km at an enterprise value of ov... |
playing a critical role in channelizing financial capital into the further development of Indian roads sector.” Santosh Kumar Yadav, NHAI Chairman added, “We are pleased that NHIT has successfully completed the largest monetisation of roads for NHAI. We expect it to continue to play a stellar role in the monetisation a... |
BMW Group India introduces Retail.NEXT dealerships across 33 cities to transform luxury automotive experience has introduced dealerships, aiming to redefine the luxury automotive experience over the next 36 months. This initiative will be rolled out across 56 facilities in 33 cities, focusing on integrating 'phygital' ... |
(BPS), the dealership ensures there is no separation between business areas. A single entry for both sales and service simplifies navigation. In place of traditional reception counters, visitors are welcomed at a Welcome Stand, reducing physical barriers between customers and staff. The showroom also features a Multifu... |
Turkey hikes energy prices; Istanbul monthly inflation highest in decade ISTANBUL: soared by the most in at least a decade in Turkey's biggest city Istanbul last month, according to data on Saturday, and President Tayyip Erdogan's government sharply raised nationwide electricity and natural gas prices for the new year.... |
Swiggy partners with Gurugram traffic police for road safety and traffic awareness workshop has partnered with the to conduct a road safety and traffic awareness workshop for delivery partners in Gurugram under the ambit of Delivering Safely, its road safety charter. The programme was conducted in the presence of SH Vi... |
Tiger Logistics to launch price discovery, supply-chain automation platform MUMBAI: International logistics and freight service provider (India) on Thursday said it is set to launch a and platform to ensure efficiency and transparency in the highly-fragmented domestic shipping industry. The full-stack platform will off... |
GST Council doubles limit for launching prosecution to Rs 2 cr; defines SUVs for 22 pc cess The on Saturday agreed to decriminalise certain offences and doubled the threshold for launching prosecution under the tax law to Rs 2 crore, but retained the limit at Rs 1 crore for fake invoicing. The Council also clarified on... |
amount has been reduced to the range of 25 to 100 per cent, from the present 50 to 150 per cent of the tax amount. Central Board of Indirect Taxes and Customs (CBIC) Chairman Vivek Johri said currently under the GST law offences exceeding Rs 1 crore are considered for criminal prosecution. "What was proposed in Council... |
On refund to persons who are not registered under GST, the Council on Saturday recommended amendment in CGST Rules, 2017, along with issuance of a circular, to prescribe the procedure for filing application of refund by the unregistered buyers in such cases. KPMG in India Partner, , Abhishek Jain, said this is a major ... |
Volkswagen offers subscription, leasing option for Virtus, monthly rentals starts at INR 26,987 New Delhi: on Thursday said it has opened a subscription and lease ownership model for its Virtus sedan. Through the subscription model, customers can drive home the Virtus with one month of security deposit and an advance r... |
Hyundai Motor India provides INR 3 cr for cyclone relief works in TN (HMIF), the CSR arm of Ltd., Wednesday offered relief support amounting to INR 3 crore to support communities affected by the Michaung cyclone in . The Company’s onsite teams are working along with state government authorities to deliver emergency rel... |
Goldstone Tech JV with Quantron of Germany for fleet management using AI Hyderabad: Limited (GTL) is partnering with AG, a German e-mobility major, to establish a Joint Venture to address the high potential market, valued at around USD 70 billion (INR 5.8 lakh crore) by 2032. The new joint venture company will operate ... |
as a Service (MaaS) solutions. With GTL's software expertise and Quantron's comprehensive ecosystem, the digital platform delivers a wide range of features and modules to fulfil the diverse needs of zero-emission fleets. As investments in sectors like fleet management, hydrogen economy and data insights continue to gro... |
GST prosecution threshold up; some offences decriminalised The Goods and Services Tax ( ) Council decided to decriminalise some violations and doubled the monetary threshold for launching prosecutions to ₹2 crore to prevent taxpayer harassment and improve . The 48th meeting, held virtually on Saturday after a gap of si... |
Ministers (GoM) on the issue submitted its report only a few days ago, and it had not been circulated yet to the rest of the council. In its report, the GoM suggested 28% GST on the full value of the consideration, including the contest entry fee, paid by players without making a distinction between games of skill and ... |
Synetiq, Allye to turn salvaged EV batteries into energy storage , the UK's largest vehicle salvage company has partnered with Energy to provide salvaged electric vehicle battery packs for the startup to use for energy storage systems, the two companies said on Monday. Allye will test and buy EV packs from Synetiq, a u... |
FMCG companies eye e-vehicles for last-mile distribution As last-mile distribution adds to greenhouse gas emissions, some fast-moving consumer goods (FMCG) companies are chalking out plans to replace their existing fleets with (EVs). Most firms are in early stages of such plans. But Dabur India has decided that in five... |
as part of its endeavour towards sustainability across operations. An expert on sustainability said last-mile distribution through EVs by FMCG companies will contribute significantly to reduction in air pollution as also greenhouse gas emissions. “This is a pragmatic step given the limitations of EVs in managing long d... |
Tesla trumps BYD in China sales efficiency with real-time strategy 's strategy in China of real-time, aggressive management of its sales staff is giving its stores an edge over dealerships offering and other brands in the world's largest auto market, according to three people with knowledge of the matter. The U.S. comp... |
incentivises its staff by offering a base salary higher than EV rivals and allowing the best performers to earn up to 30,000 yuan (USD 4,203.56) a month including bonuses, drawing workers from industries such as English tutoring and insurance known for aggressive sales tactics, the people said. OTHER SALES MODELS BYD t... |
predict the growing gap with BYD could force Tesla to further focus on margin improvement in 2024, with price hikes on revamped models and additional expansion into lower-tier Chinese cities, even as its rivals scramble to price their new EVs lower. |
Insurance rates hike will hit two-wheeler industry: TVS Motor CEO CHENNAI: The recently announced hike in for motorcycles will pinch pockets and hit the , said K N Radhakrishnan, director and CEO, . He said the new rates, effective from June 1, 2022, would be yet another headwind the sector had to face. “The automobile... |
Stellantis taps Indian talents to be a sustainable mobility tech company: Billy Hayes Q: How crucial is it for the to succeed in the Indian market? We have no doubt that it will succeed. We've got a lot of firsts in the segment here. It is the first vehicle with a standard turbo engine, the first vehicle with a roof-mo... |
we plan to release vehicles on these platforms in India. And it's not just the platforms or powertrains, nor the battery architectures. There's a technology that goes behind it. A lot of this technology is being developed right here in India by some of the finest IT talents in India. We've got some things driving the v... |
Recent IRDAI proposals to make motor insurance coverage easier The Regulatory and Development Authority of India ( ) has proposed to allow general insurers to offer long-term . Vehicle owners will now have a wider choice, as they can opt for a 3-year insurance policy for private cars and a 5-year insurance policy for t... |
EV startup Vidyut raises USD 10 mn , a full-stack , has raised USD 10 million in a mix of equity and debt in a Series A round. The round was led by 3one4 Capital, and saw participation from Saison Capital, Zephyr Peacock, Force Ventures, venture debt fund Alteria Capital and Udaan CEO Sujeet Kumar. The startup aims at ... |
Oil prices rise on supply woes SINGAPORE - Oil prices rose in early Asian trade on Wednesday, paring losses from the previous session, as concern over tight supplies following reports of lower inventories in the United States offset fears of lower demand from top oil importer China. futures rose 73 cents, or 0.8%, to $... |
the pump is an important weekly reminder for the consumer and energy traders should not be surprised if Biden continues to be aggressive in tapping the SPR," ANZ Research analysts said in a note. In Europe, EU's emergency oil stocks, including crude oil and petroleum products, recovered slightly in July after two coord... |
Indian exports may take a USD 30 bn hit on Red Sea threats India may see around USD 30 billion shaved off its total exports in the current fiscal year, as threats to cargo vessels in the lead to a surge in container shipping rates and prompt exporters to hold back on shipments. The initial assessment, conducted by the ... |
year ago, according to government data. The Red Sea disruption could hit margins for India’s oil and auto sectors, Madhavi Arora, a lead economist with Emkay Global Financial Services Ltd, wrote in a note published Dec. 22. But the bigger concern could be inflation, which has been above the central bank’s comfort zone ... |
No GST cut seen on cement, Li-ion cells New Delhi: The is expected to take up the issue of appointing members to the proposed tribunals, but is likely to leave levies on cement, health insurance premium of seniors and unchanged. The council will meet on Saturday. One of the issues that is expected to see lower rates is... |
India's FDI to GDP ratio eased to 2.7% in fiscal 2022 India's foreign direct investment to gross domestic product ratio eased to 2.7% in fiscal year ending March. 31, 2022 from 3.1% in the previous financial year, according to government data. The to GDP ratio, which is a metric that compares a country's fund inflows a... |
TPG backed, premium car retailer Landmark Cars to file for an IPO of Rs 800 crore Automobile dealership chain Landmark Cars Ltd. plans to file a draft red herring prospectus in the coming weeks to raise over INR 800 crore through an initial public offering, said people aware of the company’s plan. Axis Capital and ICIC... |
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