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…
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…
Silver prices continue their upward surge, hitting a record high of Rs 1,84,727 per kg on the Multi-Commodity Exchange (MCX) on Wednesday, following a Rs 3,126 jump in March contract prices. The metal has gained nearly 20 per cent in just one month, climbing from Rs 1,48,717, while the long-term growth remains steep, up 98…
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…
Malaysian authorities are stepping up their crackdown on illegal Bitcoin mining after uncovering nearly 14,000 illicit sites over the past five years and reporting about $1.1 billion in power-theft losses for state utility Tenaga Nasional (TNB).With cases rising sharply, including around 3,000 power-theft incidents linked to mining recorded by early October, the government last month…
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…
MUMBAI:Stock markets extended their losing run to the fourth consecutive day on Wednesday as persistent foreign fund outflows and the rupee breaching the psychological 90-to-dollar low hit investor sentiment, dragging the benchmark sensex down by 31 points. The 30-share index settled at 85,107 points.It opened lower and dropped further by 375 points to hit a…
Jaguar Land Rover has reportedly removed its long-time design chief Gerry McGovern in a sudden and unexpected move, just days after P B Balaji stepped in as the new CEO. According to AutoCar India, McGovern, 69, was asked to leave on Monday. The reason for his dismissal is not clear.The development brings an abrupt close…
MUMBAI: Reliance Retail Ventures has appointed former Flipkart executive Jeyandran Venugopal as president & CEO as the company prepares for an IPO.Jeyandran’s mandate is to strengthen the retail portfolio, accelerate omni-channel growth and drive technical and operational excellence. He will work closely with Isha Ambani, executive director at Reliance Retail Ventures and the leadership team…
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…