MUMBAI: Govt is selling nearly 18.3 crore shares, translating to about 5.3% stake in PSU engineering major Bharat Heavy Electricals (Bhel) to mobilise about Rs 4,650 crore. The disposal of stake will be through the offer for sale (OFS) route that will open today and close on Thursday. The floor price for the OFS has…
NEW DELHI: US Trade Representative Jamieson Greer Tuesday said the India-US deal will be a very important one that will reverberate for years to come, while stating that India could be an alternative to China for American companies looking to diversify their production.“We know that many companies already are going in that direction. We want…
NEW DELHI: Bangladesh on Monday secured 19% reciprocal tariff from the US under a trade agreement, while managing some exemptions from reciprocal tariffs for textiles and garments manufactured using American material. While Indian exporters are keeping a close watch on the details – especially after some of the stocks took a beating – they are…
MUMBAI: For Indian companies with a global footprint, navigating regulatory complexity has moved from the sidelines to the centre of corporate strategy. Rules on trade, tariffs, the environment, labour, data, and taxation are changing rapidly and increasingly shaping business outcomes.Import restrictions, carbon taxes, anti-dumping duties, subsidies, and localisation norms are altering cost structures, market access,…
NEW DELHI: The Dadachanji Group, which is focused on pharma manufacturing and allied technologies, has forayed into building fully customised machines, medical devices, and automation solutions in pharma, healthcare, and other sectors through KAIRISH Innotech. The company will offer end-to-end capabilities across customised pharma machinery, medical device design and manufacturing, tooling and precision components, robotics…
File photo: Union finance minister Nirmala Sitharaman NEW DELHI: Tobacco Board, under the administrative control of the Department of Commerce, has written a letter to finance minister Nirmala Sitharaman highlighting the adverse impact of the unprecedented increase in excise duties on cigarettes on the industry, as well as on millions of farmers and workers.The excise…
HYDERABAD: Aarvee Engineering Consultants Limited has received the Securities and Exchange Board of India (Sebi)’s approval to proceed with its initial public offering (IPO) that comprises a fresh issue of equity shares aggregating up to Rs 202.5 crore and an offer for sale of up to 67.5 lakh equity shares by promoter Venkatachala Chakrapani Redla.The…
India will continue to import crude oil from countries where it is available at the most competitive prices and of suitable quality, while factoring in geopolitical conditions and avoiding sanctioned sources, the government told a parliamentary panel on Tuesday.Senior officials from the ministries of external affairs and commerce conveyed this position to the Parliamentary Standing…
Hisense opens first India manufacturing plant in Sri City HYDERABAD: Chinese consumer electronics and home appliances giant Hisense has opened its first manufacturing facility in India at Sri City in Andhra Pradesh.The facility, spread over 10 acres, has been set up by Epack Manufacturing Technologies Private Limited (EMTPL), a wholly owned subsidiary of Epack Durable…
India will require cumulative investments of $14.23 trillion in the power sector, including renewables, storage and transmission, by 2070 under a net-zero scenario, where non-fossil fuel-based generation accounts for 98 per cent, a Niti Aayog report said on Tuesday.The report, “Scenarios Towards Viksit Bharat and Net Zero: Sectoral Insights – Power”, said India’s development and…
