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ECONOMY
Vehicle price hikes to limit impact of rising input cost on OEMs
New Delhi: Vehicle price hikes coupled with cost rationalization measures taken by OEMs will limit the impact of rising input cost but these might not be adequate enough to sustain margins at the 3QFY21 levels, said India Ratings and…
Huawei to cut phone production by over half in 2021: Report
Beijing: Chinese tech giant Huawei has reportedly told suppliers that smartphone production will drop by about 60 percent in 2021.
According to Nikkei Asia, citing people familiar with the matter, Huawei has notified its suppliers that…
Marico enters instant noodle category with ‘Saffola Oodles’
Mumbai: Nestle's Maggi and ITC's Yippee have a new competitor as FMCG major Marico Ltd has announced its foray into the instant noodles segment with the launch of 'Saffola Oodles'.
The development comes in line with the company's focus…
Odisha CM Naveen Patnaik performs ground-breaking of 17 major industrial projects
Bhubaneswar: Odisha Chief Minister Naveen Patnaik today performed groundbreaking of 17 industrial projects and inaugurated 5 projects.
The projects are ranging from metal and downstream, tourism, textile and apparel, cement, plastic and…
Budget set pace for self-reliant India: Sitharaman in LS
New Delhi: Union Finance Minister Nirmala Sitharaman on Saturday said that the Union Budget 2021-2022 has set the pace for India to become 'Aatmanirbhar' (self-reliant) as it draws from the experience of Prime Minister Narendra Modi when…
Diesel price rise highest in Delhi by 36 paise/litre
New Delhi: Petrol and diesel prices maintained its northward rally on Saturday amid firm global prices with the benchmark Brent crude gaining over 2 percent on a single day to cross $62 a barrel mark.
Accordingly, oil marketing…
Gulf Oil Lubricants India moves into EV charging space
New Delhi: Gulf Oil Lubricants India Ltd (GOLIL), part of the Hinduja Group, has entered into an agreement with Gulf Oil International (GOI) to participate and co-invest in Government of India's recent investment along with the Clean…
Two new potato varieties to improve yield by 25%
By N.B. Homal
Bengaluru: Indian Council of Agricultural Research (ICAR) - Central Potato Research Institute, (CPRI) Ooty in Tamil Nadu has developed two disease-resistant potatoes - Kufri Sahyadri and Kufri Karan - hybrid varieties…
India’s Budget points to a loosening of fiscal policy: Fitch Ratings
Mumbai/Hong Kong: India's Budget presented on February 1 by Union Finance Minister Nirmala Sitharaman points to a loosening of fiscal policy to support the country's ongoing economic recovery from the pandemic and will consequently lead to…
BharatPe raises Rs 786 cr in Series D at Rs 6,552 cr valuation
New Delhi: Fintech services company BharatPe on Thursday announced its has raised $108 million (over Rs 786 crore) in Series D equity round, which puts the company at $900 million (approx Rs 6,552 crore) valuation.
The company has…
