Country Financial News
13.03 / 20:47
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Tata Motors considers new ICE models as EV adoption slows, competition intensifies
Subscribe to enjoy similar stories. Tata Motors Ltd, India’s largest electric car maker, is considering new petrol and diesel models, besides extending the life of existing fossil fuel-driven variants, as the adoption of battery-powered mobility slows in key markets, including the US and UK. The country's third largest carmaker, in its interaction with analysts on Tuesday, also acknowledged that competition has increased in the EV segment, especially from JSW Group’s MG Windsor in India.
13.03 / 20:47
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Duroflex sharpens focus on profits ahead of a public listing in 18 months
Subscribe to enjoy similar stories. Bengaluru: Mattress maker Duroflex has aggressively pursued profitability in the past two years as it prepares to list on the public markets in the coming 18 months, its group chief executive officer (CEO) Sridhar Balakrishnan said. The public offering will largely be to give its investors an exit, he said, adding that there is no pressure for the company to raise funds through private equity or an initial public offering (IPO) in the near term as it is well-capitalized for its future expansion plans.
13.03 / 20:47
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Small satellite vehicle to take 2 years to be ready for commercial launches
Subscribe to enjoy similar stories. New Delhi: The first small rockets ferrying satellites on Indian Space Research Organisation (Isro) design and technology will take at least two more years to reach the launch pad, even as work to find the ideal candidate for the job reaches its final stage.
13.03 / 18:29
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Top Canadian Grocer Says Sales of US Products 'Rapidly' Dropping
(Bloomberg) — Canada’s second-biggest supermarket company said a boycott of US goods is quickly taking hold in reaction to President Donald Trump’s tariffs and his threats of “economic force” to make the country the 51st US state.
13.03 / 18:09
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Piyush Goyal allays exporters’ fears on US reciprocal tariffs, confident of $900 bln exports in FY26
Piyush Goyal on Thursday assured exporters that the government is working overtime to protect India’s interests in the proposed Bilateral Trade Agreement (BTA) being negotiated with the United States but said that the country cannot be protectionist at a time when the world is moving towards reciprocity. The US has announced imposing reciprocal tariffs on many countries including India from April 2. He also allayed the concerns of the industry with regard to the US and called on them to reflect on their strengths and share their demands and interests with the government for better engagement with Washington. “Reflecting on the reciprocal tariffs, he has cautioned the councils to come out of their protectionist mindset and encouraged them to be bold and ready to deal with the world from a position of strength and self-confidence,” the commerce and industry ministry said in a statement after Goyal held a consultation with export promotion councils and industry associations. Reminding them of the budgetary announcement of Export Promotion Mission focusing on new products, new markets and new exporters, Goyal urged the industry to come forward with suggestions to effectively shape the schemes to achieve the desired goal. Reflecting on the changing global scenario, the minister assured that the government is working on overtime basis, and will leave no stone unturned to ensure a good future for Indian exporters, both merchandise and service and to protect the interest of the country, according to the ministry.
13.03 / 17:21
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athletics
India tops medal tally in World Para Athletics GP, 3-time Paralympic champion Vanessa clinches gold
Vanessa Low of Australia lived up to her top billing as she easily clinched gold in T61-64 class while India's Paris Games medallist Preethi Pal bagged a bronze in T35-38 class 200m race on the concluding day of the World Para Athletics Grand Prix here on Thursday. India finished on top of the medal tally with a total haul of 134 — 45 gold, 40 silver, and 49 bronze. Around 150 Indians had competed in the Grand Prix while around 100 were from other 19 countries. Vanessa, one of the few top stars taking part in the three-day event, cleared a distance of 4.96m in her third attempt, to stand on the top of the podium. Zhanna Fekolina, a Neutral Paralympic Athlete, and India's Bhavani Munniyandi took home the silver and bronze respectively with efforts of 4.13m and 3.51m at the Jawaharlal Nehru Stadium here. T61-64 classification is for those athletes who are competing with prosthesis affected by limb deficiency and leg length difference. «I am happy with my performance. It's fun moments here in India. I will be coming back here for the World Para Athletics Championships (in September),» Vanessa said after the event.
13.03 / 17:21
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Food
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country
Holi cheer for now, hope for the best
Retail inflation fell to a 7-mth low of 3.6% in February, driven by falling vegetable prices, official data showed on Wednesday. But the pre-Holi gains are likely to be short-lived with heatwaves predicted in the country as early as March. Vegetables have been the main driver of inflation in the last 12 months, and the correction is set to reverse when winter stocks run down.
13.03 / 16:43
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Department
Big worry for Trump: U.S. budget deficit explodes in February, surpassing $1 trillion in record-breaking year-to-date surge, raising concerns over unprecedented fiscal challenges
The February budget deficit was more than $307 billion, almost two and half times higher compared to January and 3.7% more than the same time last year, CNBC reported.
13.03 / 14:59
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country
Interim govt in Bangladesh extends military's magistracy power
Muhammad Yunus on Thursday extended the magistracy power of the military forces for 60 more days for the third time amid a nationwide law and order situation. «Commissioned officers holding the rank of captain and above in the Bangladesh Armed Forces have been granted special executive magistrate powers across the country,» a Public Administration Ministry statement said here. According to the statement, navy and air force officers too would hold the authority of executive magistracy while performing duties in aid of civil administration, including the military and navy officers serving on deputation in paramilitary Bangladesh Coast Guard and Border Guard Bangladesh (BGB). The renewal of the government order came as a nationwide operation called Operation Devil Hunt is underway as the country vandalism afresh since February 5. Protestors that day first demolished the 32 Dhanmondi residence of Bangladesh's founding father Sheikh Mujibur Rahman using excavators coinciding with a scheduled virtual speech by his daughter and deposed prime minister Sheikh Hasina from India, where she fled last year after the students' massive protest that ousted her Awami League government. The protesters subsequently attacked or set on fire the houses and business establishments of Awami League leaders and activists throughout the country. They were confronted while attacking a fugitive former minister's village home in suburban Gazipur on the outskirts of the capital.
13.03 / 14:41
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cricket
Reliance Consumer biz to see national rollout
Subscribe to enjoy similar stories. Reliance Consumer Products Ltd (RCPL), the packaged goods arm of Reliance Industries Ltd (RIL), will take three to four years to distribute its products nationally following a select rollout of products such as Campa and Independence, according to persons in the know. The company will also roll out more products over the next 12-18 months.
13.03 / 12:21
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Provident
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Tur procurement under Price Support Scheme reaches 1.31 lakh tons: Agriculture Ministry
Price Support Scheme (PSS), benefitting 89,219 farmers, the agriculture ministry said on Thursday. Under the PSS for the 2024-25 Kharif season, the ministry has approved the procurement of a total of 13.22 lakh tonnes of tur from nine states — Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Telangana and Uttar Pradesh. According to the ministry, tur procurement has already started in Andhra Pradesh, Gujarat, Karnataka, Maharashtra and Telangana. «A total quantity of 1.31 lakh tonne of tur (arhar) has been procured in these states till March 11,» the ministry said in a statement. The procurement of tur in other states will also commence soon.
13.03 / 12:21
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social
Trump threatens 200% wine tariff if EU does not remove whiskey tariff
200% wine tariff on all wines and other alcoholic products coming out of EU countries if the bloc did not remove its tariff on whiskey. «The European Union, one of the most hostile and abusive taxing and tariffing authorities in the World, which was formed for the sole purpose of taking advantage of the United States, has just put a nasty 50% Tariff on Whisky,» Trump wrote in a post on Truth Social. «If this Tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U.
13.03 / 12:21
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Provident
poverty
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reports
Is the UK still a rich country? Report reveals some regions are poorer than Slovenia and Malta
«The poorest households in Slovenia and Malta are now better off than those in the UK,» the report states, attributing this decline to stagnating real incomes since the 2008 financial crisis. While other European countries have seen steady income growth, the UK has fallen behind.
13.03 / 12:07
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karate
Nuclear deal with US led to strategic ties that put India in 'bind' today, says CPI(M) leader Prakash Kara
Prakash Karat said on Thursday, as he called for improving relations with China as a balancing factor. In an interview with PTI, Karat, the Interim Coordinator of the Communist Party of India (Marxist), said India does not need to be allies with China, but improving relations with the northern neighbour will help India's position in a multipolar world. Amid ongoing tariff dispute with the US, he said in 2008, when the Left parties withdrew support from the United Progressive Alliance (UPA) government over the Indo-US Civil Nuclear deal, the move was seen only in context to the deal. However, over the years, it led to strategic relations developing in a way that today the Trump administration is trying to «extract» deals from India. Karat, who served as the general secretary of the party from 2005-2015, was at the helm when the CPI(M)'s withdrawal of support from the UPA government led to the alliance government facing a strength test in Parliament, which it survived though with the backing of the Samajwadi Party. «People saw our opposition to the India-US nuclear deal only within the framework of that civil nuclear deal. We saw it in a wider perspective because the real thing was America was saying we will give you this nuclear deal, we will remove all those earlier restrictions and prohibitions which were there… But the quid pro quo was that you come into a military and defence agreement with us, which we entered into — the ten year military framework agreement,» Karat told PTI.
13.03 / 12:07
13.03 / 11:27
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International
Canada’s dairy industry says tariffs less scary than threats to supply management
Members of Canada’s dairy industry say they’re less worried about the threat of steep United States tariffs than about a looming battle over supply management.
13.03 / 10:55
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Trump reciprocal tariffs: Here’s the best-case scenario for India
Subscribe to enjoy similar stories. The US-India economic partnership is the envy of many. But our joint mission of achieving $500 billion in bilateral trade by 2030 stands on shaky ground.
13.03 / 10:47
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Digital
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film
country
Creators should take India story to world, says Piyush Goyal
Piyush Goyal on Thursday urged the creative industry to take India's story to the world and contribute further to the economic growth. He emphasised putting trust and authenticity at the centre of their work and taking responsibility and accountability for the output they generate.
13.03 / 10:05
Target
Manufacturing
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country
electronic
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India vs China aerial warfare: How IAF plans to challenge the 5,000 km Chinese radar with Rs 2,906 crore mobile radar
Bharat Electronics Ltd (BEL), marks a significant shift towards self-reliance in defence technology. These LLTRs, designed and developed by the Electronics & Radar Development Establishment of DRDO, will be the first indigenous radar systems of their kind for the IAF, replacing previously imported equipment. The system is expected to strengthen India’s ability to track aerial threats, ranging from high-speed fighter jets to slow-moving drones and helicopters.
13.03 / 10:05
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Our Chief Minister is Tees maar Khan: SP chief Akhilesh Yadav slams CM Yogi over Holi-Namaaz row
Samajwadi Party (SP) chief Akhilesh Yadav on Thursday called the Uttar Pradesh Chief Minister Yogi Adityanath a «Tees Maar Khan». He further stated that CM Yogi loves the number of thirty as he uses it in almost every case. His reaction follows the decision by the local administration in Uttar Pradesh after which several mosques were covered with tarpaulin sheets ahead of the Holi festival. The move aims to prevent any untoward incidents and maintain communal harmony during the celebrations. The SP chief stated that people from all the communities have always celebrated all festivals together. Addressing a press conference, Yadav said, «I extend my heartfelt greetings on the occasion of Holi to people of the country. This is a festival of colours which brings joy and happiness. We wish that the Ganga-Yamuna tradition of our country flourishes and people lives together with brotherhood as they have lived since many years. People from all communities have celebrated all festival together. We are connected through festivals and businesses associated with it...» «On the other hand, our Chief Minister is Tees Maar Khan, because he loves the number of thirty. The number of people died was 30, the economic activity amounted to Rs 30 crores… Nobody can give us the account of Tees Maar Khan except our Chief Minister...» he added.
13.03 / 08:51
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country
IT stocks fall from peaks: What's behind the decline?
Eight of the top ten IT stocks have entered bear market territory, including Infosys, HCLTech, and Tech Mahindra. LTIMindtree experienced the most significant drop from peak levels, falling 33%, while Wipro, though performing relatively better, still saw a 16% decline.
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