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Economy

Chinese EVs are facing a tariff wall in the West. Will they turn to India now?

With the EU and US planning import duty hikes on Chinese electric vehicles, India is preparing to prevent the EVs and their batteries from flooding the domestic market and hurting Indian companies and industry

5 min read31 May 2024
Companies

Are Tata Steel’s Europe operations close to a turnaround?

Tata Steel’s UK unit, which has been making losses due to high input costs, will be shutting its blast furnaces to make way for electric arc furnaces. Also, full-scale operations have resumed in the Netherlands after lengthy maintenance work.

3 min read31 May 2024
Industry

India’s oil import bill could rise to $101-104 billion in FY25, says ICRA report

The projected increase from $96.1 billion in FY24 suggests higher expenditure on oil imports, assuming an average crude oil price of $85 a barrel, the rating agency said.

3 min read30 Apr 2024
News

China is front and centre of gold’s record-breaking rally

Gold’s rise to all-time highs above $2,400 an ounce this year has captivated global markets. China, the world’s biggest producer and consumer of the precious metal, is front and center of the extraordinary ascent.

3 min read21 Apr 2024
News

Rupiah Faces Bout of Seasonal Weakness Ahead of Fed-Linked Rally

Indonesia’s rupiah may be set for near-term weakness before gaining traction as global investors start to snap up the nation’s bonds.

2 min read11 Mar 2024
Industry

Why Chinese steel is keeping Indian companies on the edge

Chinese steel production could heavily impact the margins made by Indian steelmakers

3 min read18 Feb 2024
Videos

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20 Sep 2023
News

India clamps down on Chinese steel, enacts 5-year anti-dumping duty as import rises 62%

India has imposed 5-year anti-dumping duty on Chinese steel as imports surge.

1 min read12 Sep 2023
News

Kerala News: Customs seize over 500 gram gold worth ₹25.75 lakhs at Cochin airport from passenger

Customs recovers over 500 gram gold, worth ₹25.75 lakhs, concealed in shoes of passenger at Cochin International Airport.

1 min read9 Aug 2023
Industry

Icra lowers steel price forecasts for FY24 as Chinese exports weigh on market

Icra has revised its baseline steel price predictions for FY2024, forecasting an average year-on-year decrease of 4-5% in domestic HRC prices, a stark contrast to the previously projected marginal year-on-year increase of 1-2%

1 min read25 May 2023
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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