SEBI cracks down on firms diverting funds for personal use

Mumbai (IANS) The Securities and Exchange Board of India (SEBI) has cracked down on multiple companies for misappropriation of funds raised through rights issues in the stock markets, after receiving complaints from whistleblowers.

SEBI is…

India ranks among top textile exporters with 4 pc global share: Minister

New Delhi (IANS) India is ranked among the top textile exporting countries in the world with a share of approximately 4 per cent of global textiles and apparel exports, according to information tabled in Parliament on Friday 

The export of…

India's coffee exports surge 40 pc to surpass $1.54 billion in April-Feb

New Delhi (IANS) India's coffee exports have recorded a robust 40 per cent rise during April-Feb in the current financial year to surpass the $1.54 billion mark compared with the corresponding figure of $1.10 billion for the same period of the…

India's GDP to expand by 6.7 pc in FY25, fastest growing in Asia-Pacific: S&P Global

New Delhi (IANS) An S&P Global Ratings report on Thursday projected India's GDP to expand by 6.7 per cent in fiscal 2025 (year ending March) -- the fastest growing economy in the Asia-Pacific region. 

Stressing that India's low US exposure…

Exports of auto components from India see robust growth in last 2-3 years

New Delhi (IANS) Showcasing India’s growing role in the global supply chain, exports of auto components have shown robust growth in the past couple of years. 

Also, major exports destinations for motorcycle parts are Germany, Bangladesh, the…

India eyes $100 bn trade with Latin American & Caribbean countries

New Delhi (IANS) India is keen to double its trade with Latin American and Caribbean (LAC) countries to $100 billion and the path is very clear, Commerce Secretary Sunil Barthwal said here on Wednesday. 

Addressing the 10th CII India-LAC Conclave…

Hero Motors joins Germany’s STP to manufacture forged powertrain parts in India

New Delhi (IANS) Hero Motors Limited (HML) on Tuesday announced a strategic joint venture (JV) with SchmiedeTechnik Plettenberg (STP), Germany, to manufacture forged powertrain components in India for global markets. 

The manufacturing facility…

Kia India to increase car prices by up to 3 pc from April 1

New Delhi (IANS) Kia India on Tuesday announced a price hike of up to 3 per cent across its entire lineup, which will take effect from April 1. 

The company stated that the decision was driven by rising commodity prices and increasing supply…

Maruti Suzuki India announces up to 4 pc price hike from April

New Delhi (IANS) Leading automaker Maruti Suzuki India Ltd on Monday announced its third price hike this year — up to 4 per cent which is effective from April — to offset rising input costs amid moderating sales. 

The price increase on the…

Impact of US tariffs on India minimal as country diversifies exports kitty: SBI report

New Delhi (IANS) The impact of US trade reciprocal tariffs on India will be minimal as the country has diversified its exports kitty, pitched value addition, exploring alternate areas and works on new routes that transcend from Europe to the US via…