The Trump administration is set to ease the impact of automotive tariffs by reducing duties on foreign parts used in domestic car manufacturing. This move aims to reward companies manufacturing in the U.S. and encourage further domestic investment.
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The rating agency estimates that the tariff-related impact could erode operating profits by Rs2,700-4,500 crore, equivalent to 10-15 per cent of the operating profits of auto component exporters and 3-6 per cent of the overall industry’s operating profits.
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In the filing made with the Registrar of Companies, the audit firm said VerSe did not have appropriate internal controls over the selection and evaluation of suppliers, approval of purchase orders and invoices, as well as payments.
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India Cement, now a subsidiary of UltraTech Cement, anticipates a sharp rise in profitability. The company aims to achieve an Ebitda per tonne of over ₹1,000 within three years. This improvement will be driven by increased volumes, better margins, cost…
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Jewellery exporters are set to benefit from a new approval. Mumbai International Airport will allow jewellery import and export via personal carriage starting May 1. The Gem and Jewellery Export Promotion Council welcomes this move. Surat exporters will also gain…
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Urban Company, backed by Accel, is set to file its DRHP for a Rs 2,000-crore IPO, comprising a fresh issue of Rs 500 crore and a Rs 1,500 crore secondary share sale. Founders won’t participate in the offer for sale…
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