Search result for 'raw materials'

FMCG Sector Growth: 7-9% Revenue Rise in FY25 | Crisil

July 4, 2024 19:04

Crisil forecasts FMCG sector revenue to grow 7-9% in FY25, driven by rural market recovery and premiumization. F&B, personal care, and home care segments expected to see strong growth.

Cement Sector Growth Slows in Q1FY25: Icra

July 4, 2024 17:13

India's cement sector saw a muted growth of 2-3% in Q1FY25 due to a slowdown in construction activity, but is projected to grow 7-8% in FY25. Read more about Icra's analysis.

Hindustan Zinc Partners with Indian Auto Firms for Sustainable Mobility

July 3, 2024 19:12

Hindustan Zinc, India's largest zinc producer, is committed to partnering with auto companies to unlock zinc's potential for sustainable mobility and corrosion resistance.

Tyre Makers Face Rubber Shortage: ATMA

July 3, 2024 16:37

India's tyre industry is facing a severe shortage of natural rubber, which could disrupt production. The Automotive Tyre Manufacturers' Association (ATMA) is urging the government to address the...

Bajaj Housing Finance Launches Affordable Home Loans

July 2, 2024 15:35

Bajaj Housing Finance introduces Sambhav Home Loans, targeting first-time homebuyers with affordable options and flexible repayment plans. Learn more about this new housing finance product.

Jute MSP Raised to ₹5,335/quintal: JCI Starts Procurement

July 1, 2024 18:51

Jute Corporation of India (JCI) has begun MSP operations for raw jute at ₹5,335 per quintal for 2024-25, benefiting over 1.70 lakh farmers. Learn more about the new MSP and JCI's procurement...

India Storage Alliance Calls for GST Cut on Batteries, Charging Infra

June 24, 2024 17:33

India Energy Storage Alliance (IESA) has urged the government to lower GST on batteries, charging infrastructure, and battery swapping. The group also suggested expanding PLI schemes for battery...

Electronic Components Demand to Surge 5x by 2030: CII Report

June 23, 2024 17:31

India's electronic component demand is projected to reach USD 240 billion by 2030, emphasizing the need for robust PLI schemes to boost local manufacturing, according to a CII report.

GST Council Refers Fertiliser GST Cut to GoM - Latest News

June 22, 2024 18:43

The GST Council has referred the recommendation to exempt fertiliser sector from 5% GST to the Group of Ministers on rate rationalisation. This follows a February recommendation by the Standing...

GST Council Meeting: Online Gaming Tax, Fertilizer Recommendations & More

June 21, 2024 19:45

The GST Council will meet on Saturday to discuss online gaming tax, fertilizer recommendations, and other crucial issues, including GST rate rationalization and amendments to GST laws.

Hindustan Zinc & AEsir Partner for Next-Gen Zinc Batteries

June 21, 2024 14:01

Hindustan Zinc teams up with AEsir Technologies to develop advanced zinc batteries for energy storage, emphasizing sustainability and cost-effectiveness.

Himachal's Bulk Drug Park: Revolutionary Initiative - CM Sukhu

June 20, 2024 22:22

Himachal Pradesh CM Sukhvinder Singh Sukhu inaugurated the Bulk Drug Park in Una, aiming to boost the pharmaceutical industry and create jobs. The state offers incentives like subsidized land,...

DGFT Automates Input-Output Norms for Exporters

June 20, 2024 20:39

DGFT introduces an automated system for adhoc input-output norms fixation to streamline foreign trade procedures and promote ease of doing business for exporters.

Air Conditioner Shortage: India Airlifts Parts Amid Record Demand

June 19, 2024 15:58

Unprecedented heatwave drives up AC sales in India, forcing manufacturers to airlift components from abroad to meet the surge in demand. Learn more about the impact on pricing and industry trends.

Indian Inc Faces Revenue Uncertainty in Q1: Icra

June 17, 2024 20:08

Icra forecasts revenue uncertainties for Indian companies in Q1FY25 due to slow government spending and monsoon onset. Read more about the impact on corporate earnings.

Methanol Regulation: Punjab Aims to Prevent Hooch Tragedies

June 12, 2024 20:50

Punjab Excise Minister calls for a robust framework to regulate methanol movement, aiming to prevent illicit alcohol production and hooch tragedies. The state is taking steps to monitor online...

India Tyre Exports Reach Rs 23,073 Cr in FY24

June 11, 2024 17:07

India's tyre exports rebounded in the second half of FY24, reaching Rs 23,073 crore, despite global challenges. Learn more about the industry's resilience and future prospects.

Steel Demand to Grow 9-12% in FY25: Ind-Ra

June 11, 2024 16:16

India Ratings and Research forecasts a 9-12% growth in steel demand for FY25, driven by robust end-user industries like automobiles and infrastructure.

Sheela Foam Forecasts 14-15% CAGR Growth - CEO

June 9, 2024 15:03

Sheela Foam, owner of Sleepwell and Kurlon mattress brands, expects a 14-15% CAGR growth in the next 3-5 years, driven by market share gains and expansion into new categories.

India Manufacturing Growth Slows in May, Exports Surge - PMI

June 3, 2024 11:57

India's manufacturing sector grew slower in May but remained in expansion territory, with exports hitting a 13-year high, according to the HSBC India Manufacturing PMI.

AC Sales Soar Amid Scorching Summer: 2X Growth in May

June 2, 2024 14:52

Air conditioner sales surged in May due to intense heat, with leading brands like Voltas, LG, and Daikin reporting significant growth. Industry expects overall sales to rise by 30-35% in 2024.

Europe Inflation Up, But ECB Rate Cut Likely Next Week

May 31, 2024 14:59

Inflation in the Eurozone rose to 2.6% in May, but experts predict the European Central Bank will still cut interest rates next week, despite persistent inflation.

Smart TV Shipments Decline in India: Samsung Takes Lead

May 30, 2024 15:19

Smart TV shipments in India declined 14% in Q1 2024 due to muted demand and excess inventory. Samsung reclaimed the top spot, while Chinese brands saw a 30% decline.

Alkem Lab Q4 Profit Surges to Rs 293 Crore

May 29, 2024 18:45

Alkem Laboratories reported a four-fold surge in its consolidated net profit to Rs 293 crore for the March 2024 quarter, driven by lower raw material costs and price erosion in the US.

NMDC Raises Iron Ore Prices by Rs 250/tonne

May 28, 2024 12:16

NMDC, India's largest iron ore miner, has increased the price of lump ore by Rs 250/tonne and fines by Rs 350/tonne, effective immediately. The price hike is expected to impact steel prices.

India's Trade Deficit with Top 10 Partners in 2023-24

May 26, 2024 13:57

India recorded a trade deficit with nine of its top 10 trading partners in 2023-24, including China, Russia, Singapore, and Korea. Learn about the details and implications.

Sundram Fasteners Q4 Profit Soars to Rs 134.41 Crore

May 24, 2024 09:46

Sundram Fasteners Ltd reported its highest ever consolidated net profit for the March 2024 quarter at Rs 134.41 crore, driven by strong operational performance.

Leather Exports Policy: Boost Jobs && Investments

May 23, 2024 15:59

Leather exporters urge India to create a national policy for the sector to attract investments, boost shipments, and create jobs, highlighting its socio-economic benefits.

Inverted Duty Structure for Washing Machines, Solar Glass, Air Purifiers

May 22, 2024 14:01

Indian government considering addressing inverted duty structure for products like washing machines, solar glass, air purifiers to promote domestic manufacturing.

New Caledonia Unrest: Nickel Prices Soar

May 22, 2024 13:21

Global nickel prices surged after violence in New Caledonia, a key producer. The unrest highlights the territory's importance for EV batteries and the global nickel market.

SAIL Profit Dips 2% in Q4, FY24 Growth to Rs 3,066 Cr

May 20, 2024 20:53

SAIL's net profit fell marginally in Q4 due to higher raw material costs, but grew to Rs 3,066 crore in FY24. Revenue also dipped in Q4 but reached record highs for FY24.

Nayara Energy: Petrol Sales Surge, Exports Drop

May 19, 2024 10:40

Nayara Energy, India's largest private fuel retailer, sees a 48% jump in petrol sales in Q1 2024, while exports decline to meet growing domestic demand.

Adani Gangavaram Port Resolves Coking Coal Transportation Issue

May 17, 2024 20:22

The transportation of coking coal from Adani Gangavaram Port Ltd (AGPL) to RINL plant has resumed, resolving a crisis that affected steel production.

Vizag Steel Plant Raw Material Shipments Resume - Relief for VSP

May 17, 2024 20:14

Shipment of raw materials, including coking coal and limestone, has resumed at Visakhapatnam Steel Plant (VSP) after a month-long disruption. The plant's chairman expressed gratitude to...

Chabahar Port Deal: Landmark for India-Iran Economic Ties

May 17, 2024 16:55

India signs a 10-year contract to operate Chabahar Port, a strategic Iranian port offering investment opportunities in various sectors like petrochemicals, mining, and infrastructure.

Chabahar Port Deal: Landmark for India-Iran Economic Ties

May 17, 2024 16:53

India signs a 10-year contract to operate Chabahar Port, opening doors for trade with Central Asia and offering investment opportunities in various sectors.

JSW Steel Q4 Net Profit Down 65% to Rs 1,322 Crore

May 17, 2024 16:28

JSW Steel's net profit for the March 2024 quarter fell 65% to Rs 1,322 crore, impacted by higher raw material costs and other expenses. Total income also declined.

SPIC Ltd Reports Q4 Net Loss Due to Heavy Rainfall

May 17, 2024 15:19

SPIC Ltd reported a net loss of Rs 29.18 crore in Q4 FY24 due to heavy rainfall at its Tuticorin facility, impacting operations. The company's profit after tax for the year also declined.

Iron Ore Beneficiation Policy in India: Steel Secretary

May 17, 2024 12:15

India's Steel Ministry is developing a policy for low-grade iron ore beneficiation, aiming to increase usage of lower iron content ore in steel production. The policy is expected to be finalized...

JK Paper Q4 Profit Down 2.44% to Rs 276.6 Cr

May 16, 2024 18:59

JK Paper's net profit for Q4 FY24 fell 2.44% to Rs 276.6 crore due to higher raw material costs and lower realisations. Revenue remained largely flat.

Akzo Nobel India Q4 Profit Rises 13.94% to Rs 108.7 cr

May 16, 2024 17:41

Akzo Nobel India's net profit surged 13.94% to Rs 108.7 crore in Q4 FY24, driven by volume growth. Revenue also increased, fueled by strong double-digit volume growth. The company announced a final...

CBI Probes MMTC Coal Import 'Scam' - Australian Company, Inflated Prices

May 14, 2024 17:22

CBI investigates alleged corruption in MMTC's coal import from an Australian company at inflated prices, causing a loss of Rs 615 crore. The probe started after an arbitration case in favor of the...

Assam Businesses Struggle: High Taxes, Inflation & Lack of Schemes

May 13, 2024 13:23

Mid-segment businesses in Assam are facing challenges due to high taxes, inflation, and limited government support. They hope the new government will address their concerns.

IOC, BPCL, HPCL Record FY24 Profit - Rs 81,000 Cr

May 12, 2024 10:37

State-owned fuel retailers IOC, BPCL, and HPCL reported a combined record profit of Rs 81,000 crore in FY24, exceeding pre-crisis earnings. This follows a period of price freeze and volatile oil...

Spices Export Guidelines to Prevent ETO Contamination

May 10, 2024 21:24

Spices Board issues guidelines for Indian exporters to prevent ethylene oxide (ETO) contamination in spices, following concerns raised by importing countries.

Servotech Power Systems Q4 Profit Down 43%

May 10, 2024 14:30

Servotech Power Systems reported a 43% fall in Q4 net profit to Rs 3.45 crore, driven by higher expenses. Revenue increased to Rs 136.65 crore, while total expenses rose to Rs 132 crore.

Paper Industry Seeks Land for Pulpwood Plantation

May 4, 2024 14:27

The Indian paper industry calls on the government to allocate degraded land for pulpwood plantations, addressing raw material shortages and boosting rural employment.

Bizongo Expands in Rajasthan: Steel & Aluminum Financing

May 2, 2024 16:25

Bizongo, a B2B platform, is expanding in Rajasthan, offering quick financing and procurement solutions for steel and aluminum buyers. Learn more about the company's plans and growth in the region.

India Manufacturing PMI Sees Strong Growth in April | S&P Global

May 2, 2024 11:25

India's manufacturing sector saw robust growth in April, with the PMI reaching 58.8, signaling the second-best improvement in operating conditions in three-and-a-half years. The growth was driven...

India Manufacturing PMI Sees Strong Improvement in April

May 2, 2024 11:25

India's manufacturing sector saw a strong improvement in April, with the PMI reaching 58.8, the second-best in three-and-a-half years, driven by robust demand. Learn more about the latest...

UltraTech Cement Q4 Profit Surges 35% to Rs 2,258.6 Cr

April 29, 2024 17:41

UltraTech Cement reported a 35.24% rise in Q4 profit to Rs 2,258.6 cr, driven by lower fuel and raw material costs and increased sales. Revenue also grew 9.5% to Rs 20,418 cr.

Coromandel International to Invest Rs 1,000 Cr in AP Plant

April 29, 2024 17:03

Coromandel International will invest Rs 1,000 crore to set up a plant producing phosphoric and sulphuric acid in Kakinada, Andhra Pradesh. The project is expected to be commissioned in two years.

Nestle Denies Racial Stereotype in Infant Food Formulation

April 29, 2024 15:27

Nestle India refutes allegations of racial stereotyping in its infant food formulation, asserting that its global approach ensures nutritional adequacy for all children.

Critical Minerals Summit: India Fosters Collaboration

April 28, 2024 15:14

India hosts a two-day summit on critical minerals, focusing on beneficiation, processing, and securing domestic supply for clean energy and economic growth.

China's Share in India's Industrial Imports Jumps to 30%: GTRI

April 28, 2024 11:30

China's share in India's industrial goods imports has surged to 30% from 21% in the past 15 years, raising concerns about India's dependence on Chinese goods.

Apple Eyes Indonesia Manufacturing: Cook Meets Widodo

April 17, 2024 11:02

Apple CEO Tim Cook met with Indonesian President Joko Widodo, hinting at potential manufacturing in the country as Apple seeks to diversify its supply chain away from China.

CCI Approves Protos, Paharpur Stake in Thyssenkrupp India

April 16, 2024 21:08

The Competition Commission of India (CCI) has approved the acquisition of additional stake in Thyssenkrupp Industries India by Protos Engineering and Paharpur Cooling Towers.

FSSAI Food Safety Awareness Program in Delhi-NCR

April 8, 2024 19:25

FSSAI launches an awareness program in Delhi-NCR markets on food safety, focusing on pesticide residues, testing, and safe sourcing of food products. Learn more.

India's Plastic Exports Surge 14.3% to USD 997 Million in Feb

April 5, 2024 21:14

India's plastic exports witnessed a 14.3% year-on-year growth in February, reaching USD 997 million, driven by increased demand across various product categories. Plexconcil, the apex industry...

SPIC Shifts to 100% Natural Gas for Urea Production

April 5, 2024 16:54

Southern Petrochemical Industries Corporation Ltd (SPIC) announces transition to 100% natural gas for urea production, reducing costs, boosting profitability, and aligning with sustainability goals.

Vedanta Aluminium Expands Alumina Capacity to 3.5 Million Tonnes

April 3, 2024 21:10

Vedanta Aluminium has expanded its alumina refining capacity to 3.5 million tonnes at its Lanjigarh unit in Odisha, aiming for further growth in production.

Shirdi Sai Electricals Invests Rs 15,000 Cr in Solar Cell to Module Unit

April 3, 2024 20:38

Shirdi Sai Electricals makes Rs 15,000 crore initial investment to build an integrated solar cell to module manufacturing facility in Andhra Pradesh. The project aims to create 32,000 jobs and will...

India to Build First Commercial Crude Oil Storage

April 3, 2024 16:25

India plans to build its first commercial crude oil strategic storage in a PPP model to ensure oil supply security. The project will be built at Padur, Karnataka.

NALCO Hits Record Cast Metal Production in FY24

April 3, 2024 13:30

NALCO achieved a record production of 4.63 lakh metric tonne of cast metal in FY24, surpassing previous records. The company also set new highs in metal sales and bauxite excavation.

Shree Cement Opens 3 MTPA Plant in Andhra Pradesh

April 2, 2024 16:31

Shree Cement inaugurates its new 3 MTPA integrated plant in Andhra Pradesh, increasing its capacity to 56.4 MTPA and solidifying its position in the cement industry. The plant will create 700...

NMDC Iron Ore Production Up 13% in Apr-Feb - Business News

March 1, 2024 17:52

NMDC's iron ore production increased 13% in Apr-Feb 2023-24, reaching 40.24 million tonnes. Sales also surged 21% to 40.48 MT during the period.

European Inflation Eases to 2.6% as Energy Prices Fall

March 1, 2024 15:51

European inflation eased to 2.6% in February, driven by falling energy prices and moderating food inflation. The figure is down from 2.8% in January and significantly lower than the peak of 10.6%...

Protective Textile Quality Control: BIS Mandates Standards

February 29, 2024 19:47

India's government makes quality control mandatory for protective textiles, requiring manufacturers to adhere to BIS standards for safety and performance. This ensures public health and safety,...

DCM Shriram to Invest Rs 1,000 cr in Epoxy Resin Plant

February 27, 2024 16:26

DCM Shriram announces a Rs 1,000 crore investment in a greenfield epoxy resin plant, expanding into the Advanced Materials sector. The plant is expected to be operational in FY25.

QSR Revenue & Margin Under Stress: Recovery Delayed

February 26, 2024 17:55

Food delivery apps impact QSR revenue and margin, recovery delayed due to competition and inflation. Report highlights challenges for industry.

ISWAI Urges State Govts to Rationalize Excise Duties

February 19, 2024 20:16

ISWAI, representing premium spirits and wine brands, calls for rationalized excise duties in India, citing high inflation and shrinking margins. The association proposes an inflation-linked model...

Balrampur Chini Invests Rs 2000cr in India's First Bioplastic Plant

February 19, 2024 19:41

Balrampur Chini Mills Ltd announces Rs 2000 crore investment in India's first industrial bioplastic plant, aiming to reduce carbon emissions and promote sustainable plastic production.

Critical Minerals: India Needs Tech, Infrastructure, Incentives - GTRI

February 19, 2024 11:44

India needs to invest in technology, infrastructure, and fiscal incentives to develop its critical mineral sector, which is crucial for high-tech and renewable energy technologies, says GTRI report.

Farmers' Agitation: Rs 500 Crore Daily Loss to Northern States - PHDCCI

February 16, 2024 21:48

The PHDCCI estimates a daily economic loss of Rs 500 crore due to the ongoing farmers' agitation, impacting northern states like Punjab, Haryana and Delhi. The agitation is severely affecting MSMEs...

Economic Nationalism: Dhankhar Calls for Local Focus

February 16, 2024 14:33

Vice President Dhankhar urges Indian businesses to embrace 'economic nationalism' by minimizing imports and maximizing local production, emphasizing its importance for national prosperity.

Dhankhar Urges Economic Nationalism: Time for Local Focus

February 16, 2024 14:27

Vice President Jagdeep Dhankhar calls for economic nationalism, urging Indian enterprises to prioritize local production and R&D, and to reduce reliance on imports. He emphasizes the importance of...

Finsider International Sells 1.8% Stake in Vedanta for Rs 1,737 Crore

February 15, 2024 21:13

Finsider International, a promoter of Vedanta, has divested a 1.8% stake in the company for Rs 1,737 crore through an open market transaction, reducing its holding to 2.6%.

PFC Funds Assam Bio Refinery for Numaligarh Plant

February 14, 2024 17:50

PFC will provide a Rs 3,037.50 crore loan to Assam Bio Refinery Pvt Ltd for a 3 million tonne per annum bio-refinery plant in Numaligarh, Assam, using dry bamboo as raw material.

Supreme Court to Hear Sterlite Copper Unit Closure Plea

February 13, 2024 18:28

The Supreme Court will hear a plea by Vedanta group against the closure of its Sterlite copper unit in Tamil Nadu's Tuticorin on Wednesday. The case involves pollution concerns and protests.

Hindalco Industries Q3 Net Profit Jumps 71% to Rs 2,331cr

February 13, 2024 17:59

Hindalco Industries reported a 71.1% surge in consolidated net profit to Rs 2,331 crore for Q3 FY24, driven by strong performance in aluminium and copper segments.

Manali Petrochemicals Q3 Profit Dips Due to Raw Material Costs

February 13, 2024 16:44

Manali Petrochemicals Ltd reported a dip in Q3 profit to Rs 2.94 crore due to rising raw material costs. The company faced challenges from imported materials dumping and Cyclone Michaung.

India's Edible Oil Industry Seeks Import Curbs for Protection

February 12, 2024 16:52

The Solvent Extractors Association of India (SEA) has urged the government to restrict imports of finished oleochemical products like stearic acid and refined glycerine to protect the domestic...

TruAlt Bioenergy Expands Capacity, Invests Rs 600 cr

February 11, 2024 14:58

TruAlt Bioenergy, a leading biofuel company, plans to expand its capacity by 2.7 lakh litres per day and invest Rs 600 crore to set up more plants.

Reliance Consumer Acquires Ravalgaon Sugar Brands for Rs 27 Cr

February 9, 2024 21:54

Reliance Consumer has acquired Ravalgaon Sugar's confectionery brands, including Coffee Break and Paan Pasand, for Rs 27 crore. The deal includes trademarks, recipes, and all intellectual property...

Petronet to Treble Profit by 2028 with Rs 40,000 cr Investment

February 9, 2024 12:12

Petronet LNG Ltd plans to invest Rs 40,000 crore to expand its LNG import capacity and enter the petrochemicals business, aiming to triple net profit by 2028.

Entrepreneur Secures Railway Meeting After Napkin Pitch

February 8, 2024 22:12

An entrepreneur's business proposal, written on a napkin and presented to Railway Minister Ashwini Vaishnaw, led to a meeting with top railway officials within six minutes of landing in Kolkata.

Entrepreneur's Napkin Pitch Lands Railway Meeting

February 8, 2024 21:00

An entrepreneur's napkin pitch to Railway Minister Ashwini Vaishnaw on a flight led to a meeting with top railway officials within six minutes of landing in Kolkata. The proposal focused on using...

JK Paper Q3 Net Profit Down 29% to Rs 236.4 Cr

February 7, 2024 20:14

JK Paper's net profit fell 29.13% in Q3 2023 to Rs 236.36 crore, impacted by rising raw material costs and weak demand. The company declared an interim dividend of 35%.

Apollo Tyres Q3 Profit Surges 78% to Rs 497 Cr

February 7, 2024 19:35

Apollo Tyres reports a 78% jump in consolidated net profit to Rs 497 crore for Q3 FY24, driven by improved product mix and market recovery in Europe.

Tata Steel & SER Partner for Green Rail Infrastructure

February 7, 2024 15:37

Tata Steel and South Eastern Railway collaborate to develop sustainable rail infrastructure using slag-based aggregates, promoting eco-friendly construction practices.

Vibhor Steel Tubes Expands Capacity in Odisha

February 7, 2024 14:58

Vibhor Steel Tubes is setting up a new unit in Odisha to increase its manufacturing capacity to 3.41 lakh tonne. The new plant will manufacture value-added products and is expected to be...

Tata Steel Drops TRF Ltd Merger After Turnaround

February 7, 2024 11:47

Tata Steel has decided to abandon the merger of TRF Ltd due to a turnaround in the associate company's business performance. The company has successfully merged five other businesses, driving value...

Oil Companies Lose on Diesel, Petrol Profit Down

February 7, 2024 10:15

Indian oil companies are losing money on diesel sales, while petrol profits have shrunk due to rising international oil prices. Find out why fuel prices remain unchanged.

Akzo Nobel India Q3 Profit Surges 16.8% to Rs 114 Crore

February 6, 2024 20:07

Akzo Nobel India's net profit jumped 16.8% to Rs 114 crore in Q3, driven by volume growth and raw material deflation. Revenue rose 4.65% to Rs 1,032.7 crore.

Kansai Nerolac Paints Q3 Profit Up 39.6% to Rs 152 Cr

February 5, 2024 19:55

Kansai Nerolac Paints Ltd reported a 39.57% increase in consolidated net profit to Rs 152.09 crore for the December quarter, driven by improved margins and strong demand.

IOC, BPCL, HPCL Post Record Profits: Oil Crisis Recovery

February 5, 2024 11:17

Indian Oil Corporation, Bharat Petroleum Corporation Ltd, and Hindustan Petroleum Corporation Ltd reported record profits in the first nine months of the fiscal year, exceeding their pre-oil crisis...

Adani's Copper Plant: Boosting India's Metal Production

February 4, 2024 20:05

Adani Group's USD 1.2 billion copper plant in Mundra, Gujarat, aims to reduce India's dependence on imports and drive energy transition.

Adani's Copper Plant: Boosting India's Metal Production

February 4, 2024 11:32

Adani Group's USD 1.2 billion copper plant in Gujarat will reduce India's reliance on imports and support energy transition, boosting domestic metal production.

ONGC, IOC Invest Rs 1.2 Lakh Cr in FY25: Oil & Gas Focus

February 4, 2024 10:30

ONGC, IOC, and other oil PSUs will invest Rs 1.2 lakh crore in FY25, with a focus on oil & gas exploration, refineries, and petrochemicals. Learn more about their investment plans.

India to Become 3rd Largest Economy by 2029: Modi

February 2, 2024 21:04

Prime Minister Modi declares India will become the world's 3rd largest economy in his government's third term. He highlights the growth of the mobility sector and plans for infrastructure development.

FM defers oil firm equity support to next fiscal

February 1, 2024 21:08

India's Finance Minister has deferred a Rs 15,000 crore equity infusion in state-owned oil firms to next fiscal year, citing reassessed capex needs and a focus on fiscal deficit management.

FMCG Companies Expect Increased Spending on Rural India

February 1, 2024 19:53

FMCG companies expect increased spending on rural India, driven by government schemes and infrastructure development, to boost demand and recovery in the sector.

MRPL Certified by IAQG for Aerospace Fuel

January 31, 2024 21:37

Mangalore Refinery and Petrochemicals Limited (MRPL) receives AS9100:D certification from International Aerospace Quality Group (IAQG) for aviation turbine fuel production.

Mobile Phone Import Duty Cut: Smartphone Prices to Drop 3-5% | India News

January 31, 2024 19:54

India's import duty cut on mobile phone components is expected to lower smartphone prices by 3-5%. Experts say the move aims to boost local production and exports, making devices more affordable.

Adani Wilmar Q3 Profit Down 18% to Rs 201 Crore

January 31, 2024 16:41

Adani Wilmar's Q3 profit declined 18% to Rs 201 crore due to lower income from cooking oil price fall. Revenue also decreased, but branded products saw strong growth.

Ambuja Cements Q3 Profit Doubles to Rs 1,089 cr

January 31, 2024 14:52

Ambuja Cements Q3 profit surged to Rs 1,089.55 crore, driven by higher sales and lower costs. Revenue rose 2.8% to Rs 8,128.80 crore. The company is expanding its capacity to 110 MTPA by 2028.

India Cuts Mobile Phone Component Duty to Boost Local Production

January 31, 2024 14:30

India slashed import duty on mobile phone components to 10% to boost local production and exports, aiming to reduce prices in the domestic market. The move is expected to strengthen the mobile...

Coromandel International to Set Up Phosphoric Acid Plant

January 31, 2024 12:46

Coromandel International approves plan to set up phosphoric and sulphuric acid plants at its Kakinada unit, aiming for backward integration and cost efficiencies. The move contributes to the...

Budget 2024: Steel Industry Seeks Infra Focus, Import Checks

January 30, 2024 19:27

Steelmakers expect the upcoming Union Budget to focus on infrastructure spending, domestic manufacturing, and measures to check rising steel imports. They also urge for fair trade policies, raw...

Blue Star Q3 Profit Soars 72% to Rs 100.5 Cr

January 30, 2024 16:31

Blue Star Ltd. reported a strong Q3 2023, with net profit surging 72% to Rs 100.5 crore driven by robust festive season sales. Revenue also climbed 25% to Rs 2,241 crore.

BPCL Q3 Net Profit Surges 82% on Higher Refining Margins

January 29, 2024 16:13

BPCL reported an 82% jump in its Q3 net profit driven by strong refining and marketing margins. The company's revenue from operations was slightly lower at Rs 1.3 lakh crore.

Pidilite Sees Strong Demand, Rural Growth Outpaces Urban - PTI

January 28, 2024 11:03

Pidilite Industries reports strong growth driven by rural and semi-urban markets, with optimistic outlook on demand environment. The company is expanding its distribution network and investing in...

Interim Budget: Tax Benefits, Women Entrepreneurs Support Expected

January 27, 2024 18:01

Experts anticipate income tax exemptions, support for women entrepreneurs, and steps to boost consumption in the interim budget ahead of the Lok Sabha elections.

Govt Halves Oil Firm Budget Support, Defers Strategic Reserves

January 26, 2024 13:43

India's government has halved its equity infusion for oil companies' energy transition projects and deferred plans to fill strategic oil reserves due to changing market conditions.

Vedanta Q3 Profit Drops 18% on Higher Costs

January 25, 2024 19:16

Vedanta Ltd reported an 18.3% drop in Q3 profit to Rs 2,013 crore due to higher finance and raw material costs, despite a strong sequential performance.

HPCL Profit Trebles to Rs 529 Cr in Q3 | Business News

January 25, 2024 17:48

HPCL's net profit tripled in the December quarter due to robust marketing margins, despite inventory losses. Learn more about HPCL's Q3 results and its plans for renewables.

Recycling & Circular Economy: India Aims to Be Hub - Pralhad Joshi

January 25, 2024 16:50

Union Minister Pralhad Joshi highlights the importance of recycling for a circular economy in India, emphasizing the reduction of burden on natural resources. He aims to make India a hub for this...

Budget 2023: Industry Seeks Tax Incentives, Funding Boost

January 25, 2024 16:06

Indian industry calls for tax breaks, increased funding for R&D, green tech, and export promotion in the upcoming Union Budget. They also urge for a global shipping line and support for...

CEAT Net Profit Surges 5x in Q3, Revenue Rises

January 24, 2024 20:10

CEAT Ltd reports a 5-fold jump in net profit to Rs 181.28 crore in Q3, driven by robust sales and cost reduction. Revenue also grew YoY.

IOC Q3 Profit Soars to Rs 8,063 Cr, Beats Previous Year

January 24, 2024 16:34

Indian Oil Corporation (IOC) reported a massive jump in Q3 net profit, reaching Rs 8,063.39 crore, driven by improved marketing margins and lower crude oil prices.

Exide Industries Q3 Profit Up 2.3% to Rs 203 cr

January 24, 2024 14:11

Exide Industries reports 2.3% rise in Q3 PAT to Rs 203 cr, driven by strong demand in automotive and industrial divisions. Revenue from operations also increased, while expenses were higher.

ECoR Achieves Record 200 Million Tonne Freight Loading

January 24, 2024 09:15

East Coast Railway (ECoR) has achieved a record 200 million tonne freight loading in 295 days, surpassing last year's record and becoming the first zone in the country to achieve this milestone for...

PV Segment Growth Forecast: 18-20% in FY24 | CareEdge Report

January 23, 2024 15:55

Passenger vehicle sales in India are expected to grow 18-20% in FY24, driven by pent-up demand, strong order books, and new model launches. Learn about the latest market trends from CareEdge.

Cement Industry Capacity to Increase by 150-160 Million Tonnes by FY28: Report

January 23, 2024 15:05

India's cement industry is set to add 150-160 million tonnes of capacity by FY28, driven by rising demand from infrastructure and housing sectors. Read more about the industry's growth projections...

Gem 'Jewellery Sector Seeks Duty Cuts on Gold, Diamonds

January 21, 2024 11:34

The Gem ' Jewellery Export Promotion Council (GJEPC) has urged the government to reduce import duty on gold and cut and polished diamonds ahead of the Union Budget. The council believes that these...

Budget 2024: Jindal Stainless Seeks Duty Removal on Raw Materials

January 21, 2024 10:59

Jindal Stainless MD Abhyuday Jindal urges govt to remove import duty on raw materials in Union Budget to level playing field for domestic players, citing dumping of cheaper stainless steel from...

FSSAI Emphasizes Bio-Pesticides for Safe Tea

January 19, 2024 18:19

FSSAI CEO calls for increased use of bio-pesticides in tea production to ensure safety and quality. Focus on traceability, pesticide residue testing, and MRL adherence.

UltraTech Cement Shares Surge 2% on Strong Q3 Earnings

January 19, 2024 17:23

UltraTech Cement shares climbed 2% after reporting a 67% jump in consolidated net profit for the December quarter. The cement maker benefited from lower fuel and raw material costs.

UltraTech Cement Q3 Profit Jumps 67% to Rs 1,774.7 cr

January 19, 2024 15:24

UltraTech Cement reports a 67% surge in Q3 net profit to Rs 1,774.78 crore driven by lower costs and higher sales. Domestic sales volume rose 5% during the quarter.

UltraTech Cement Q3 Profit Soars 67% to Rs 1,774.7 Crore

January 19, 2024 14:05

UltraTech Cement's net profit jumped 67% to Rs 1,774.7 crore in Q3 FY24, driven by higher sales and improved operational efficiencies. Revenue also rose 7.85% year-on-year.

India Energy Storage Alliance Demands Tax Holiday for Battery Storage

January 18, 2024 18:20

IESA urges 10-year tax holiday for standalone battery energy storage projects using renewables, reduced GST, and increased PLI scheme capacity in India's 2024 budget.

IESA Demands Tax Holiday on Battery Energy Storage

January 18, 2024 17:57

India Energy Storage Alliance (IESA) calls for a 10-year tax holiday and other incentives for standalone battery energy storage using renewables, aiming to boost the industry.

Tea Board Caps Tea Waste at 0.2% of Production

January 18, 2024 14:14

Tea Board has mandated all tea producers to limit tea waste generation to 0.2% of production, aiming for higher quality and meeting international standards. The new rule aims to address export...

Fertiliser Subsidy to Drop by 34% to Rs 1.8 Lakh Cr: Mandaviya

January 17, 2024 17:43

India's fertiliser subsidy bill is expected to fall to Rs 1.7-1.8 lakh crore this fiscal due to lower global prices and increased domestic production. Union Minister Mansukh Mandaviya also...

Fertiliser Subsidy to Fall 34% to Rs 1.8 Lakh Crore: Mandaviya

January 17, 2024 16:50

India's fertiliser subsidy bill is set to decline by 30-34% to Rs 1.7-1.8 lakh crore this fiscal due to falling global prices and reduced urea imports, according to Union Minister Mansukh Mandaviya.

Asian Paints Q3 Profit Jumps 34% to Rs 1,475 Cr - Business News

January 17, 2024 16:34

Asian Paints Q3 profit surged 34.46% to Rs 1,475.16 cr, driven by softened raw material prices & efficiencies. Sales rose 5.4% to Rs 9,103 cr. Read more.

Delhi Airport Runway Work to Complete by Jan 19: MoCA

January 16, 2024 20:32

Delhi Airport's runway RWY 10/28, closed for maintenance, is expected to be complete by January 19. The runway's closure has caused flight delays due to fog.

Molasses Export Duty: 50% Levy, Edible Oil Import Duty Extended

January 16, 2024 09:19

India imposes 50% export duty on molasses, while extending lower import duties on edible oils like palm, soyabean, and sunflower till March 2025.

Invest in J&K, Invest in India's Unity: Sinha

January 12, 2024 15:19

J&K Lieutenant Governor Manoj Sinha urges investors to pump in funds in the UT, stating it means investing in India's unity. He highlights the region's progress and potential for growth.

Polycab Raided: I-T Dept Finds Rs 1,000 Crore Unaccounted Sales

January 10, 2024 20:45

The Income Tax department detected unaccounted cash sales of Rs 1,000 crore during raids against Polycab, a leading wires and cables manufacturer. The company denies allegations of tax evasion.

GSP Crop Science Targets Rs 1,800 Crore Revenue by FY25

January 8, 2024 11:03

GSP Crop Science, an agrochemicals manufacturer, aims to achieve Rs 1,800 crore in revenue by FY25 and expand its market share to 6-7% in the next 3-4 years. The company is also focusing on...

Rural Startups Seek Support: Better Infrastructure, Funding, & Supply Chains

January 7, 2024 16:40

Rural startups in India are calling for government support, including improved infrastructure, easier access to finance, and streamlined supply chains to boost their growth and export potential.

India-Oman FTA Talks Stalled: Petrochemical Duty Concessions

January 7, 2024 11:11

India and Oman are facing a hurdle in concluding their free trade agreement, with disagreement over customs duty concessions on petrochemical products. Read more.

Jindal Stainless Seeks Zero Duty on Ferro Nickel, Molybdenum

January 5, 2024 19:24

Jindal Stainless urges the Indian government to continue zero customs duty on ferro nickel, ferro molybdenum, and stainless steel scrap to ensure competitive raw material access.

Europe Inflation Rises, Rate Cuts Delayed | AP News

January 5, 2024 16:24

Inflation in Europe rebounded in December, raising concerns about interest rate cuts. Food prices rose and energy bill support ended in some countries. Read more.

Bangladesh Election: Economy at Risk as Hasina Wins

January 4, 2024 10:18

Bangladesh's economy faces a fragile future as Sheikh Hasina secures a fourth term, raising concerns about debt, sanctions, and political instability.

Petrol, Diesel Price Cut: Oil Minister Says Market Turbulent

January 3, 2024 18:11

India's Oil Minister Hardeep Singh Puri says petrol and diesel prices won't be cut immediately despite falling oil prices, citing global market volatility and conflicts in Ukraine and the Red Sea.

Honeywell Impact Brand Eyes 30% Growth in Indian MSMEs

January 3, 2024 11:28

Honeywell's Impact brand targets 30% revenue growth in the next few years, focusing on sustainable and digital solutions for Indian MSMEs. The Pune-based unit develops innovative products for...

Divine Power Energy IPO: Rs 400 Crore Turnover Target by 2026

January 2, 2024 16:30

Insulated wires maker Divine Power Energy plans to launch an IPO by March 2023 and aims to achieve Rs 400 crore in revenue by 2026, with plans to expand production capacity.

Divine Power Energy IPO: Rs 400 Crore Turnover Target by 2026

January 2, 2024 16:04

Divine Power Energy, an insulated wires and strips maker, plans to launch an IPO in February/March 2023 to expand capacity and achieve Rs 400 crore turnover by 2026.

RINL Restarts Blast Furnace-3, Boosts Steel Production

December 30, 2023 19:34

RINL has restarted its Blast Furnace-3, increasing hot metal production by 2 million tonnes per annum and aiming to revive the Vizag Steel Plant's operations.

India Fastest Growing Economy 2024: Assocham

December 28, 2023 15:40

India is expected to remain the fastest-growing major economy in 2024, driven by strong consumer demand and investment across sectors, according to Assocham.

Engineering Exports Dip in FY24: EEPC

December 28, 2023 13:18

India's engineering goods exports declined 1.81% in April-November 2023-24, with shipments to North America, EU, ASEAN, and South Asia witnessing a dip. EEPC cites factors like high-interest rates...

Agri Pump Makers to See 7-9% Revenue Growth in FY25: Report

December 27, 2023 19:39

Agri pump makers are expected to see healthy revenue growth in FY25, driven by demand for conventional and solar pumps. The growth is attributed to factors like the PM KUSUM scheme and expected...

Indian Poultry Industry Revenue to Grow 8-10% in FY24: Report

December 26, 2023 19:52

India's poultry industry is projected to see an 8-10% revenue growth in FY24, driven by volume expansion and improved realisations, according to a report by Icra. The report also highlights factors...

PLI Schemes Attract Over Rs 95,000 Cr Investment

December 26, 2023 18:24

India's production-linked incentive (PLI) schemes have attracted over Rs 95,000 crore in investment across 14 sectors, boosting manufacturing and exports.

India's PLI Schemes: 746 Applications Approved, Rs 95,000 Crore Investment

December 26, 2023 13:20

India's Production Linked Incentive (PLI) schemes for 14 sectors have seen 746 applications approved, generating over Rs 95,000 crore investment and 6.4 lakh jobs. Learn more about the scheme's...

PLI 2.0 for Steel: Govt Plans, Import Concerns & Industry Outlook

December 26, 2023 11:19

India's steel sector is set for growth in 2024 with PLI 2.0, but concerns remain over imports & raw material costs. Experts predict strong demand, but industry players urge govt action.

JSPL & RINL Partnership: Liquid Steel Supply to Angul Plant

December 23, 2023 16:59

Jindal Steel Power Ltd (JSPL) partners with Rashtriya Ispat Nigam Ltd (RINL) to secure liquid steel supply for its upcoming Angul hot strip mill in Odisha. The partnership involves the restart of...

Fitch: Improved Profitability to Boost Indian Corporate Ratings

December 22, 2023 21:11

Fitch Ratings forecasts a 290 bps surge in Indian corporate profit margins in FY25, driven by lower raw material costs and rising demand. This is expected to lead to rating upgrades for many...

Odisha CM Inaugurates Alumina Refinery, Apparel Unit

December 22, 2023 19:47

Odisha CM Naveen Patnaik inaugurated a new alumina refinery and apparel unit in Rayagada district, boosting industrial development and creating 7,000 jobs.

RINL, JSPL Partner for Working Capital, Raw Material Supply

December 21, 2023 21:50

RINL and JSPL sign an agreement for working capital support and raw material supply, enabling RINL to restart its third blast furnace (BF-3) in December 2023.

Vizag Steel Plant Secures Rs 900 Cr Working Capital from JSPL

December 21, 2023 21:28

Vizag Steel Plant has secured Rs 900 crore in working capital from JSPL to boost sales, increase monthly turnover, and reduce losses. The deal will enable the plant to restart Blast Furnace-3...

White Iris Investment Sells 4.5% Stake in Apollo Tyres for Rs 1,281 Cr

December 19, 2023 21:34

White Iris Investment has divested 4.5% stake in Apollo Tyres for Rs 1,281 crore through open market transactions. The deal involved over 2.85 crore shares and was executed in 22 tranches.

Waste to Electricity: Panel Suggests SPV for Power Procurement

December 19, 2023 18:45

A Parliamentary panel recommends forming a special purpose vehicle to procure power from waste-to-electricity plants, addressing challenges in power purchase agreements and encouraging investment...

BatX Energies Raises $5 Million for Battery Recycling

December 19, 2023 12:43

Battery recycling startup BatX Energies secures USD 5 million in funding to scale up recycled battery production and establish a nationwide reverse logistics network.

Odisha Mining Corp: Patnaik Inaugurates Projects & Mobile Health Units

December 18, 2023 21:12

Odisha Chief Minister Naveen Patnaik inaugurated multiple projects of the Odisha Mining Corporation (OMC), including quality control labs, sample processing units, and a chrome ore beneficiation...

UK Carbon Tax on Imports: Steel, Aluminum to Face Levy from 2027

December 18, 2023 17:21

The UK plans to implement a carbon tax on imported goods like steel from 2027, aiming to prevent firms from being undercut by overseas producers. The move comes under criticism for being too slow...

TMT Rebar Demand to Grow in India: Tata Steel VP

December 18, 2023 14:17

Tata Steel's VP predicts strong demand for TMT rebars in India over the next 3-4 months due to robust construction activity, government policies, and improved market sentiment.

Bihar Biz Summit: Rs 50,530 Cr Investments, MoUs Signed

December 14, 2023 19:34

Bihar's Business Connect-2023 concluded with MoUs totaling Rs 50,530 crore signed with 300 companies for investments in various sectors, including Adani Group's Rs 8,700 crore commitment.

India's Textile Industry: Potential Global Leader | PTI

December 14, 2023 18:31

India's textile industry is poised to become a global leader, driven by raw material availability, skilled labor, and a thriving domestic market. Learn about the industry's potential.

Inverted Duty Structure: Govt to Address in Budget 2024

December 14, 2023 17:15

The Indian government is considering addressing the inverted duty structure for certain products in the upcoming Union Budget, aiming to boost domestic manufacturing.

Bharat Tex Expo 2024: AEPC Roadshows Boost Participation

December 13, 2023 13:00

Apparel Export Council (AEPC) is organizing roadshows to encourage Indian textile players to participate in Bharat Tex Expo 2024, a major textile event in Delhi.

Walmart Sources Bicycles from India, Partners Hero Ecotech

December 12, 2023 21:47

Walmart partners with Hero Ecotech to source bicycles from India, boosting exports and offering cruiser-style bikes in US stores.

India-Oman Free Trade Agreement: USD 3.7 bn Boost for Indian Goods

December 12, 2023 16:04

India and Oman are negotiating a free trade agreement that could significantly boost Indian goods exports worth USD 3.7 billion, including gasoline, iron & steel, electronics & machinery.

India-Oman FTA: USD 3.7 Billion Trade Boost - GTRI Report

December 12, 2023 11:51

India and Oman are negotiating a free trade agreement that could significantly boost Indian exports to Oman, particularly in gasoline, iron and steel, electronics, and machinery.

Hindalco to Invest Rs 800 Crore in Battery Foil Plant in Odisha

December 12, 2023 11:09

Hindalco Industries announced a Rs 800 crore investment to set up a battery foil manufacturing unit in Odisha, aiming to capitalize on the burgeoning electric vehicle market. The facility will...

Robertet Group Acquires Sonarome for €45-65 Million

December 11, 2023 19:35

French fragrance company Robertet Group has acquired Bengaluru-based Sonarome for an estimated €45-65 million, marking its second acquisition in India. The acquisition expands Robertet's presence...

India Copper Imports Surge to Rs 27,131 cr in FY23: Govt

December 11, 2023 16:00

India's copper imports rose to Rs 27,131 crore in FY23, driven by increased demand in refining, reflecting a post-pandemic recovery. The government is taking steps to enhance domestic availability...

Moody's Affirms Ba1 Rating for JSW Steel

December 11, 2023 14:40

Moody's has affirmed Ba1 corporate family rating for JSW Steel, citing the company's strong market position in India and efficient operations. The rating agency also assigned Ba1 to proposed USD...

India's Apparel Exports to Reach USD 40 Billion by 2030: Goyal

December 8, 2023 20:51

India's Commerce Minister Piyush Goyal expresses confidence in achieving USD 40 billion apparel export target by 2030, highlighting government initiatives and urging exporters to prioritize...

Private Investment Key to India's Economic Growth: CEA

December 8, 2023 20:39

CEA Nageswaran emphasizes the crucial role of private investment in boosting India's economic growth, urging the private sector to embrace uncertainty and invest proactively. He cites government...

Company Name
Price
Volume

Alstone Textiles
0.97 (+ 3.19)
156189355

GTL Infrastructure
3.96 (+ 4.76)
150168887

Visagar Financial
1.05 ( -3.67)
54111982

AvanceTechnologies
1.04 (+ 4.00)
41347095

Vodafone Idea L
17.51 (+ 0.29)
38828686

RJio Tops AGR at Rs 25,331 cr, Airtel Growth,...

Reliance Jio's AGR reached Rs 25,331 cr in Q4 FY24, while Airtel saw the steepest...

Hyundai CSR Initiatives in Maharashtra: Health,...

Hyundai Motor India Foundation announces CSR programs in Maharashtra, including...

Stock Market Soared 4x Under Modi Govt: Goyal

Union Minister Piyush Goyal highlights the stock market''s significant rise during...

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Search result for 'raw materials'

FMCG Sector Growth: 7-9% Revenue Rise in FY25 | Crisil

Cement Sector Growth Slows in Q1FY25: Icra

Hindustan Zinc Partners with Indian Auto Firms for Sustainable Mobility

Tyre Makers Face Rubber Shortage: ATMA

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Adani Gangavaram Port Resolves Coking Coal Transportation Issue

Vizag Steel Plant Raw Material Shipments Resume - Relief for VSP

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Chabahar Port Deal: Landmark for India-Iran Economic Ties

JSW Steel Q4 Net Profit Down 65% to Rs 1,322 Crore

SPIC Ltd Reports Q4 Net Loss Due to Heavy Rainfall

Iron Ore Beneficiation Policy in India: Steel Secretary

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Akzo Nobel India Q4 Profit Rises 13.94% to Rs 108.7 cr

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Spices Export Guidelines to Prevent ETO Contamination

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India Manufacturing PMI Sees Strong Growth in April | S&P Global

India Manufacturing PMI Sees Strong Improvement in April

UltraTech Cement Q4 Profit Surges 35% to Rs 2,258.6 Cr

Coromandel International to Invest Rs 1,000 Cr in AP Plant

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Critical Minerals Summit: India Fosters Collaboration

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CCI Approves Protos, Paharpur Stake in Thyssenkrupp India

FSSAI Food Safety Awareness Program in Delhi-NCR

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SPIC Shifts to 100% Natural Gas for Urea Production

Vedanta Aluminium Expands Alumina Capacity to 3.5 Million Tonnes

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India to Build First Commercial Crude Oil Storage

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Balrampur Chini Invests Rs 2000cr in India's First Bioplastic Plant

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Dhankhar Urges Economic Nationalism: Time for Local Focus

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