The EU sanctions against Russia are expected to have significant implications for Indian refiners, according to a recent ICRA report.On July 18, the EU implemented its 18th sanctions package against Russia, prohibiting imports of refined products derived from Russian crude oil from third countries, whilst exempting Canada, Norway, the US, the UK and Switzerland.The impact…
Reliance Consumer Products Ltd (RCPL), the FMCG arm of Reliance Retail Ventures, is in early-stage discussions to acquire a majority stake in Shunya, the premium zero-sugar fruit drink brand owned by Baidyanath Group’s Naturedge Beverages, according to executives familiar with the matter, quoted by Economic times. Launched in 2018 by Siddhesh Sharma, a third-generation heir…
Nayara Energy, operates India’s third-largest refinery and supplies petroleum products both domestically and internationally. (AI image) EU sanctions on Russia oil have started causing troubles for Russia-backed Indian refinery Nayara Energy. After news of shipping operators showing reluctance to work with Nayara and Microsoft’s abrupt suspension of IT services for the company, it has come…
The last significant acquisition by Tata Motors was Jaguar Land Rover (JLR), purchased for $2.3 billion in 2008. In its biggest acquisition ever, Tata Motors is preparing to acquire Italian truck manufacturer Iveco from the Agnelli family, its main shareholder, for $4.5 billion (3.9 billion). The last significant acquisition by Tata Motors was Jaguar Land…
Indian electronic contract manufacturers are expanding globally through acquisitions and strategic partnerships to gain access to clients in the US, Europe, and other international markets. They are capitalising on supply chain disruptions triggered by tariff-related shifts, particularly those involving China. These companies are leveraging the current trade environment to acquire technologies and capabilities that would…
Canadian Tire announced on Tuesday that it is reducing corporate staff positions as part of a broader transformation and modernisation effort aimed at staying competitive in the evolving retail landscape. “Earlier this year, we announced that we would be transforming our company to better compete in a new era of retail, defined by global competitive…
The US plans to impose higher tariffs on several major trading partners starting Friday unless new agreements are reached with President Donald Trump- raising concerns over rising consumer prices and economic strain. Financial experts warn the proposed tariffs, which must be paid by importers of foreign goods, will likely increase operating costs and reduce household…
JP Morgan maintained its overweight rating on Bharat Electronics with the target price at Rs 490. Analysts said during the April-June quarter, there was a margin-driven beat in numbers and order wins remained strong. They said they were not unduly concerned about BEL’s revenue growth. The PSU major’s order wins were well ahead of the…
Tata Consultancy Services (TCS) has lost over Rs 28,000 crore in market capitalisation across two days, following its announcement to lay off about 12,000 employees globally over the course of this year.The IT major’s shares continued to slide for a second straight session on Tuesday, slipping 0.73% to close at Rs 3,056.55 on the BSE….
NEW DELHI: In a relief for exporters, the UK trade deal provides for restricting poultry imports from only certain parts of India, as opposed to all exports from the country, with a new audit system for shrimps expected to speed up shipments as individual units will not be subject to repeated audits once the national…
