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COSTS OF ENERGY AND RAW MATERIALS
Battery component makers may get up to 50% capital subsidyThe ministry of heavy industries is evaluating various subsidy models to enhance domestic battery component manufacturing capacity. Propose...- Cabinet approves VGF plan for grid-scale energy storage with Rs 14,500 crore supportThe Union Cabinet has approved a significant ₹14,500 crore funding scheme to develop 92 GWh of energy storage capacity. This initiative sup...
- US Democratic win unlikely to ease firms' cost, tariff woes in near term, executives sayGlobal businesses expect limited immediate changes following Democrats' takeover of the US Congress, as high energy and raw material costs,...
- Indian battery component makers face up to 61% cost disadvantage against imports: ReportIndian battery component manufacturers are facing cost challenges that make local production more expensive than imported goods. The report...
- Pakistan suffered $40 billion in economic losses due to suspension of trade with India: PIBC chiefLahore has faced an estimated USD 40 billion in economic losses since trade with India paused in 2019. Business leaders emphasize the need ...
- Pizza Hut, KFC India operator's Q2 loss naarrows sharply on strong same-store sales growthDevyani International, the parent company of KFC and Pizza Hut in India, has recorded a significant reduction in losses during its second q...
- Engineers replaced 20% of cement with powdered waste glass in a field project; 3 years later, the concrete showed no deterioration or material failureRecent studies suggest that incorporating 20% crushed waste glass into concrete can significantly improve its properties. This method not o...
- India extends cotton import duty exemption till December 31The Indian government has extended the customs duty exemption on cotton imports to December 31. This decision aims to support the textile i...
- Govt extends customs duty exemption on cotton imports till December 31The Indian government has announced an extension of the customs duty exemption on cotton imports until December 31, 2026. This move aims to...
- Asian Paints’ consolidated profit jumps 7.5% YoY in Q2Asian Paints reported a 7.5% year-on-year rise in Q2 consolidated profit to Rs 1,067.6 crore, while net sales grew 16.9% to Rs 9,953.9 cror...
- Global Market: Bank of Japan achieves 2% inflation target after 13 yearsThe Bank of Japan declared its long-standing 2% inflation target achieved after more than 13 years, but kept its benchmark interest rate un...
- Escorts Kubota hikes tractor prices as Middle East war fuels cost pressuresEscorts Kubota plans to implement price hikes on its tractor offerings in November 2026. The company cites inflation and geopolitical uncer...
- West Asia conflict drives 15-20% rise in corporate working-capital demand at banksWorking-capital demand from banks has increased significantly due to the ongoing conflict in West Asia. Higher raw-material costs and elong...
- Asian Paints says Middle East sales held strong even as 'full impact' of cost inflation was felt in Q2Asian Paints reported a 29.5% increase in revenue from international operations for Q2 FY27. The company's Middle East operations showed st...
- UB expects Q3 profit growth to moderate on rising costsUnited Breweries expects slower profit growth this quarter as raw material costs and marketing expenses increase. Regulatory delays are inh...
- Piramal Pharma cutting China exposure to manage supply-chain resilience, says Nandini PiramalIn a strategic move to enhance risk management, Piramal Pharma has drastically cut its reliance on Chinese raw materials to under 10%. The ...
- Centre working on integrated tax framework for textile sector to ease duty burden on raw materials and machineryAn integrated tax framework for India's textile sector is being developed to improve competitiveness in global markets. This framework will...
- India has navigated impact on costs and supply chains well: JSW Steel CEO Jayant AcharyaJSW Steel is investing heavily in growth, expecting India's steel demand to remain strong through upcoming years. Geopolitical uncertaintie...
- Diversification plan: NMDC scouts for mining assets across four continentsNMDC is actively seeking mining assets worldwide, including critical minerals to support various industries. The company aims to earn 20 pe...
- JK Tyre to hike prices by 4-5% in Q3 as raw material costs stay elevatedJK Tyre & Industries Ltd intends to raise tyre prices by 4-5% in the current quarter. The company aims to offset higher raw material and co...
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