Category: Business

Business

TEPA’s IP encroachment: A new barrier to indigenous innovation

April 16, 2024 admin

Representational image of a patent application | Photo Credit: Getty Images India’s free trade agreement (FTA) with Switzerland, Norway, Iceland and Liechtenstein as partners is a completely new architecture. The Trade and Economic Partnership Agreement (TEPA) with the four-nation group known as the European Free Trade Association (EFTA), include provisions on intellectual property (IP) and…

Business

Govt rules out permitting sugar exports this season

April 15, 2024 admin

The country’s sugar production crossed 30 million tonne till March of the ongoing 2023-24 season. File. | Photo Credit: K.V.S. Giri The government on April 15 ruled out possibility of allowing sugar exports in the current 2023-24 season ending October, the industry’s persistent demand notwithstanding. Currently, there are curbs on export of sugar for an…

Business

Ramkrishna Forgings secures ₹270 crore order for Vande Bharat trains

April 15, 2024 admin

Representational file image. | Photo Credit: A.M. FARUQUI Ramkrishna Forgings Ltd on April 15 said it has received an order of ₹270 crore from a consortium led by BHEL to supply bogie frames of Vande Bharat train sets. The scope of the project involves the development and validation of the bogie frames for the sleeper…

Business

Ambuja Cements to acquire My Home Group’s grinding unit in Tamil Nadu for ₹413.75 crore

April 15, 2024 admin

File. | Photo Credit: Reuters Ambuja Cements on April 15 said it will acquire My Home Group’s cement grinding unit at Tuticorin in Tamil Nadu for a total value of ₹413.75 crore. The company — a part of the Adani Group — has signed a definitive agreement to acquire the cement grinding unit of the…

Business

Tesla scouts for its first India showroom locations

April 15, 2024 admin

File. | Photo Credit: Reuters U.S. electric carmaker Tesla is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions said. Tesla, which saw its global vehicle deliveries decline in the first quarter for the first time in…

Business

Goods exports hit 12-month high of $41.68 billion in March

April 15, 2024 admin

Photo used for illustration purpose only. | Photo Credit: K.R. Deepak India’s goods exports hit a 12-month high of $41.68 billion in March, although it constituted a 0.67% decline from last year’s tally, while imports dropped 6% to $57.3 billion last month. The goods trade deficit contracted to $15.6 billion in March, the lowest in…

Business

Sensex, Nifty tank over 1% on concerns over Middle East conflict, weak global trends; Rupee falls 6 paise

April 15, 2024 admin

Stock markets took a beating on April 15 with benchmark Sensex and Nifty tumbling over 1% as escalating conflict in the Middle East and weak trends from global markets unnerved investors. Falling for the second session in a row, the 30-share BSE Sensex tanked 845.12 points or 1.14% to settle at a more than two-week…

Business

Wholesale price inflation rises to three-month high of 0.53% in March

April 15, 2024 admin

Photo used for representation purpose only. A surge in cereal prices at a 12-month high enabled wholesale price inflation rise to a three-month high in March | Photo Credit: Sushil Kumar Verma India’s wholesale price inflation rose to a three-month high of 0.53% in March from 0.2% in February, with the food index rising 4.65%,…

Business

Shipping industry set for tougher times ahead due to Israel-Iran tensions: Experts

April 15, 2024 admin

The global maritime industry is set for tougher and more challenging times due to the increasing tensions in the Middle East, causing supply chain disruption and increasing the probability of choking shipping routes, experts in Singapore said. Iran launched 330 missiles and drones on Israel on April 13 in retaliation to an attack by Israel…

Business

Byju’s announces rejig of business; founder Raveendran to take over firm’s daily operations

April 15, 2024 admin

A Byju’s logo is seen in this illustration taken, June 22, 2023. | Photo Credit: Reuters Byju Raveendran, the founder of the edtech company Think and Learn, which owns the Byju’s brand, will handle the firm’s day-to-day operations following the resignation of CEO Arjun Mohan, the company said on April 15. The company has also…

Business