The Seamless Tube Manufacturers’ Association of India (STMAI) on Thursday urged the government to introduce a production-linked incentive (PLI) scheme covering at least 10 per cent of exports of their products, ahead of the Union Budget. STMAI President Shiv Kumar Singhal also urged stricter measures to curb illegal imports of seamless pipes, which are affecting…
The rupee pulled back from its weakest-ever level on Thursday, ending the day at 89.96 against the US dollar, a gain of 19 paise, as a softer dollar index and reports of the Reserve Bank of India’s intervention helped steady the currency. Traders said the US dollar lost ground after ADP non-farm payroll numbers came…
Airbus has been grappling with a fresh wave of setbacks, highlighting the mounting strain on its sprawling but fragile supply chain. The past week offered a stark reminder that the planemaker is not immune to the production troubles affecting the wider aviation industry, where supply shortages and labour gaps persist even years after the pandemic…
The Federation of Indian Pilots (FIP) issued a letter on Wednesday to the Directorate General of Civil Aviation (DGCA) alleging that IndiGo imposed a “hiring freeze” despite having a two-year window to prepare for the full rollout of new flight duty and rest period norms for cockpit crew.“Despite the two-year preparatory window before full FDTL…
Saudi Arabia allows visitors from 48 countries to directly convert their driving licenses without a driving test/ Representational Image Just touched down in Saudi Arabia and eager to get behind the wheel? Whether you’re planning to navigate Riyadh’s busy streets or take a leisurely drive through Jeddah, your first step is to figure out if…
IndiGo, India’s largest airline, has delayed or cancelled hundreds of flights over the past two days as it struggles with new pilot rest and duty-hour norms, even a month after the aviation regulator implemented them. The airline, which operates around 2,300 domestic and international flights each day, said on Wednesday that a “multitude of unforeseen…
Manufacturers of smartphones, laptops, televisions and major appliances have indicated plans to hike prices. (AI image) Consumers may soon have to brace for higher prices! The depreciation of the rupee beyond Rs 90 against the US dollar could force various sectors including consumer electronics, beauty products, and automobile manufacturers to increase their prices. This increase…
Since April 2, following Trump’s reciprocal tariff announcement, the currency has depreciated by 5.5%. (AI image) The rupee continued its downward journey against the US dollar on Thursday, slumping to a record low of 90.43 in early trade. The Indian rupee crossed the significant 90-level barrier against the US dollar on Wednesday, reaching an intra-day…
Market analysts anticipate range-bound trading in the short term, with focus on currency movements, RBI policy signals, and trade talk progress. (AI image) Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in red on Thursday. While Nifty50 was below 26,000, BSE Sensex was down nearly 100 points. At 9:19 AM, Nifty50…
NEW DELHI: India will lead sales of scotch globally as rising disposable incomes and lower import duty — once the India-UK Comprehensive Economic and Trade Agreement (CETA) comes into play — will spur demand and drive greater engagement between whisky companies of the two countries, the top body representing Scotch whisky makers has said.The Scotch…
