Category: Business

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‘More cuts in domestic gas supply to CNG firms,’ says Indraprastha Gas company

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‘More cuts in domestic gas supply to CNG firms,’ says Indraprastha Gas company

Indraprastha Gas Limited (IGL), in a stock exchange filing, said domestic supplies have been cut by about 20% effective November 16, 2024. File | Photo Credit: Getty Images The government has for the second time in a month cut supplies of cheaper domestically produced natural gas to compressed natural gas (CNG) retailers, who have warned…

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U.S. firm Allegro MicroSystems opens R&D centre in Hyderabad, to hire 400 

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U.S. firm Allegro MicroSystems opens R&D centre in Hyderabad, to hire 400 

Industries and IT Minister in discussion with members of the leadership team of U.S. firm Allegro MicroSystems at the Secretariat in Hyderabad on November 15, 2024. Photo: Arrangement Magnetic sensing and power IC solutions provider Allegro MicroSystems of the U.S. has opened a research and development centre in Hyderabad. Nearly 100 highly skilled professionals have…

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Mercedes-Benz India to increase prices by up to 3% from January 2025

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Mercedes-Benz India to increase prices by up to 3% from January 2025

Mercedes-Benz India (MBI) has announced to increase in prices of L by up to 3%. File | Photo Credit: Special Arrangement Mercedes-Benz India (MBI) has announced to increase prices of ‘L’ by up to 3% for its entire model range in the portfolio, effective from January 1, 2025. Also Read: Mercedes-Benz India introduces sportscar AMG C…

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Mercedes-Benz India to hike prices by up to 3% from Jan 1

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Mercedes-Benz India to hike prices by up to 3% from Jan 1

Different models of Mercedes-Benz cars are parked at the company’s vehicle assembly plant in Chakan, Maharashtra. File. | Photo Credit: Reuters German luxury carmaker Mercedes-Benz on Friday (November 15, 2024) said it will hike prices of its vehicles in India by up to 3% on its entire model range in the portfolio from January 1,…

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Insider trading: ABB India gets SEBI warning for breach of norms by employees

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Insider trading: ABB India gets SEBI warning for breach of norms by employees

ABB is a global technology company in electrification and automation.  | Photo Credit: AP ABB India on Friday (November 15, 2024) said it has received a warning letter from stock markets regulator Securities and Exchange Board of India (SEBI) for violation of insider trading rules by two of its employees. “The warning letter dated November…

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Despite COVID crisis, India growing at 7 to 8%: Union Minister Dharmendra Pradhan

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Despite COVID crisis, India growing at 7 to 8%: Union Minister Dharmendra Pradhan

Union Minister Dharmendra Pradhan. File | Photo Credit: PTI “Though several developed economies suffered badly owing to the COVID crisis, India continued to grow at 7-8% during the last 10 years,” Union Minister Dharmendra Pradhan said on Friday (November 15, 2024.) In his keynote address at the Indian School of Business (ISB) in Hyderabad, Mr….

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Strong rebound in exports, but import bill hits all-time high in October

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Strong rebound in exports, but import bill hits all-time high in October

“India’s strategy of focusing on certain sectors and countries was now yielding results, along with its approach to industrial policy, trade policy, and foreign policy, and manufacturing competitiveness had improved,” said Commerce Secretary Sunil Barthwal. File India’s goods exports, that had clocked an anaemic 1% uptick in the first half of 2024-25, began the second…

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Strong rebound in exports, but import bill hits all-time high in October

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Strong rebound in exports, but import bill hits all-time high in October

Between April and October, India’s non-petroleum exports surged to the highest ever tally of $211.3 billion, Commerce Secretary Sunil Barthwal said. File | Photo Credit: Reuters India’s goods exports, that had clocked an anaemic 1% uptick in the first half of 2024-25, began the second half on a strong note with October shipments jumping at…

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EU slaps Meta with a nearly 800 million euro fine for engaging in ‘abusive’ Marketplace practices

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EU slaps Meta with a nearly 800 million euro fine for engaging in ‘abusive’ Marketplace practices

Meta said in a statement that the decision fails to prove any “competitive harm” to rivals or consumers and “ignores the realities of the thriving European market for online classified listing services.” File | Photo Credit: Reuters European Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday (November 14,…

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