Nearing polls, softening crude keep Oilcos from hiking prices

New Delhi (IANS) Fuel prices in the country have remained steady for over a fortnight now as softening crude and upcoming elections in several states later this month has kept Oil companies from revising the retail prices.

Accordingly, petrol…

Growth pick-up: Hyundai sees sales uptrend to continue

New Delhi (IANS) Automobile major Hyundai Motor India foresees a sustainable up-trend in demand on the back of accelerated economic recovery as well as opening of offices and other establishments.

Besides, the company expects the strong response…

Apparel retail's recovery expected to continue in FY22: Ind-Ra

Mumbai (IANS) Apparel retail sector's recovery is expected to continue in FY22, on back of improving consumer confidence, resumption of store expansion by organised players and prospects of the vaccine rollout, said India Ratings and Research…

Nokia to lay off 10K employees, plans investment in 5G, Cloud

New Delhi (IANS) Nokia has announced it will lay off 10,000 employees in the next two years as part of its restructuring plans, reset its cost bases and invest in R&D and future capabilities including 5G, cloud and digital infrastructure.

On…

Commerce ministry writes to finmin seeking restoration of duty free import of export inputs

New Delhi (IANS) The Commerce Ministry has written to the Finance Ministry for immediate restoration of duty free import of export inputs used by the garment, leather and handicrafts sectors. Removal of the duty free status in the Budget 2021-22 has…

Circular economy can cut vehicle emissions by 75% by 2030

Bengaluru (IANS) In order to address global warming, the adoption of circular economy practices combined with accelerated electrification in the automotive industry has the potential to reduce carbon emissions by up to 75 per cent by 2030, a new Accenture-World…

India's WPI inflation rises to 4.17% in Feb

New Delhi (IANS) India's annual rate of inflation based on wholesale prices sequentially rose to 4.17 per cent in February from a rise of 2.03 per cent in January.

Similarly, the January inflation rate last month was higher on a year-on-year…

India's Feb merchandise exports rise but marginally

New Delhi (IANS) India's February merchandise exports rose marginally to remain on the growth trajectory, official data showed on Monday.

Accordingly, the country's merchandise exports during the month under review rose to $27.93 billion…

Tariff hikes push telecom revenue higher: Ind-Ra

New Delhi (IANS) Telecom industry's revenues continued to grow for the fifth quarter in a row during Q3FY21 to Rs 443 billion, India Ratings and Research (Ind-Ra) said in a report.

Accordingly, this trend was supported by the industry-wide…

Udan's 4.1 version launched, 392 routes offered for bidding

New Delhi (IANS) To further enhance regional air connectivity, the Centre on Sunday invited bids for the 4.1 round of the RCS-Udan scheme.

Accordingly, the 'Bid Document' has been uploaded on the Central Procurement portal of the National…