The recent GST overhaul, which reduces vehicle prices by 3-9 per cent across categories, is likely to accelerate the automobile sector’s growth rate to 4-14 per cent compounded annual growth rate (CAGR) till FY28, a report said on Monday.
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Mercedes-Benz India is considering a price hike early next year to counter the rupee’s depreciation against the euro, despite having already increased prices by 3.5-4% this year. MD and CEO Santosh Iyer indicated that further price adjustments are likely as…
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Following the resignation of independent director Anil Kumar Chaudhary, who cited corporate governance concerns, KRBL Ltd’s board has initiated an independent review. Chaudhary’s resignation highlighted issues such as inconsistencies in meeting minutes and misuse of CSR funds. The company will…
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The unemployment rate (UR) among males of age 15 years and above in India has declined to 5 per cent in August 2025, the lowest level observed since April 2025, according to figures released by the National Statistics Office on…
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India’s merchandise trade deficit decreased in August. It reached $26.49 billion, a slight improvement from July’s $27.35 billion. However, this figure exceeded economists’ predictions. Exports slowed after the United States increased tariffs on Indian goods. Total exports fell to $35.10…
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Nayara Energy, an Indian refiner backed by Russia, requires government assistance. The company needs equipment and materials for maintenance. European Union sanctions are creating procurement challenges. Nayara has approached the Centre for High Technology for help. A refinery shutdown is…
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