Despite a heatwave sweeping across northern and eastern India, room air-conditioner (RAC) industry is heading into the second half of 2025 with low expectations. Although June saw a spike in sales due to the heat, patchy weather and unexpected rains in many areas have led major AC makers to cut their growth forecast to just…
India’s car industry could be in trouble as China’s stricter control over rare earth magnet exports and shipment clearances delays may slow down electric vehicle production, Crisil Ratings said.The rating agency said that a disruption of even over a month can affect EV launches, production and push back the sector’s growth trajectory.Rare earth magnetsRare earth…
NEW DELHI: The affordable housing segment in India’s 15 major tier 2 cities witnessed a sharp 54 per cent decline during the January-March quarter (Q1) of 2025, according to the latest analysis by real estate data firm PropEquity, quoted by ANI. Overall new housing supply in these cities dropped by 35 per cent year-on-year to…
Trump gives nod to US Steel-Nippon Steel deal The collaboration between US Steel and Nippon Steel has evolved, following the confirmation of US national security assurances and retaining the “golden share” benefit secured under President Donald Trump‘s leadership.Trump endorsed the collaboration through an executive order on Friday evening, concluding the discussions regarding foreign control of…
The RBI’s Liberalised Remittance Scheme (LRS) governs foreign investments by individuals. (AI image) The Reserve Bank of India intends to strengthen regulations concerning international money transfers, that is, overseas remittances by Indian residents, with new restrictions on foreign currency deposits that involve lock-in periods.The RBI’s Liberalised Remittance Scheme (LRS) governs foreign investments by individuals, permitting…
Banks could face an increase in credit costs in Financial Year (FY) 2026, primarily due to emerging pressures in the unsecured lending and microfinance sectors, according to an analysis by CareEdge Ratings. Despite these headwinds, banks are well-equipped to manage potential losses, supported by substantial provision buffers and high provision coverage ratios (PCRs). Public Sector…
NEW DELHI: Eight of the top-10 highest-valued firms experienced a collective decline of Rs 1,65,501.49 crore in market valuation last week, with HDFC Bank experiencing the most significant decrease, aligning with the downward trend in domestic equities. The BSE benchmark declined by 1,070.39 points or 1.30 per cent during this period.Whilst TCS and Infosys showed…
52 India-based companies depend on Chinese magnets for supplying to automobile manufacturers across the country. (AI image) China’s hold on rare magnets sends Indian industry supply in tailspin! The count of Indian firms seeking permits from China’s commerce ministry for rare earth magnet imports has risen to 21 from 11 in a fortnight. This development…
The Boeing worldwide commercial aircraft fleet is projected to reach nearly 50,000 aircraft by 2044, with the majority manufactured during the upcoming two decades, as indicated in Boeing’s latest forecast published on Saturday.The total fleet will increase to 49,600 aircraft, slightly lower than Boeing’s previous yearly prediction, the company announced before the commencement of the…
NEW DELHI: Soon after the Air India passenger plane crash, the Türkiye government issued a statement to debunk claims circulating about the maintenance of the aircraft involved. Some claims had suggested that the Boeing 787-8 Dreamliner, which crashed during take-off, had undergone maintenance by Turkish Technic, a leading aviation maintenance company based in Türkiye. “The…
