NEW DELHI: The price of the Indian oil basket fell below $100 a barrel on Friday for the first time since March 6, as global crude prices cooled by 11% over the past week amid reports that the US and Iran may have reached a deal and that Strait of Hormuz could soon reopen for…
NEW DELHI: Govt on Saturday cut the special additional excise duty (SAED) on exports of diesel, petrol and aviation turbine fuel (ATF), effective June 1.The SAED on petrol exports has been reduced to Rs 1.5 per litre from Rs 3, on diesel to Rs 13.5 per litre from Rs 16.5, and on ATF to Rs…
MUMBAI/NEW DELHI/CHENNAI: India’s consumption looks headed for a near-term slowdown with predictions of an El Nino-weakened monsoon likely to bring the lowest rainfall in 11 years.Deficient rains may weigh on rural demand, impacting volume growth and crimping sales of a host of products ranging from soaps, shampoos, packaged food to two-wheelers and durables. For companies…
The exemption will be available from June 1 to Oct 31 NEW DELHI: Govt on Saturday announced a five-month duty exemption for all cotton imports into the country, aiming to cool down prices and ensure that the domestic garment and textiles industry remains in a robust state.The exemption will be available from June 1 to…
Looking to buy a Tesla? your ride just got Rs 9 lakh cheaper!Tesla has slashed the price of its Model Y in India by up to Rs 9 lakh as it looks to boost demand in a market where high prices have limited the appeal of its imported electric vehicles. The EV maker has introduced…
Emerging regulatory frameworks such as the European Union’s carbon tax regime and India’s proposed Carbon Credit Trading Scheme (CCTS) are transforming environmental, social and governance (ESG) practices from a voluntary reporting exercise into a key compliance and business priority for companies, industry experts said.They cautioned that companies lacking credible carbon data systems and traceable reporting…
The Centre’s decision to exempt all customs duties on cotton imports for five months till October 30 is expected to improve cotton availability, reduce input costs and strengthen the competitiveness of India’s textile sector, the Textile Ministry said on Saturday, PTI reported.Industry bodies welcomed the move, describing it as timely relief for the textile and…
The Trump administration has said it plans to appeal a federal court order that would allow all importers who paid now-struck-down tariffs to seek refunds, a move that could slow or partially halt a multibillion-dollar repayment process already underway.Businesses across the United States have already begun receiving refunds after the US Supreme Court ruled that…
DigiYatra, the facial recognition-based airport travel platform, will be rolled out at 27 more airports by next year, the civil aviation ministry said on Saturday, as it highlighted the initiative’s growing adoption across the country, PTI reported.DigiYatra, which enables contactless and seamless passenger movement at airports using Facial Recognition Technology (FRT), is currently available at…
When Prime Minister Narendra Modi and former Japanese Prime Minister Shinzo Abe laid the foundation stone for India’s first bullet train project in Ahmedabad in September 2017, the event was presented as more than just the launch of a railway corridor.It was pitched as India’s first major step into the world of high-speed rail —…
