Higher incentives weighed on profitability, with variable marketing expenses rising to 7.1% from 4.1%. NEW DELHI: Tata Motors Passenger Vehicles (TMPV) saw profit collapse in the June quarter as weakness at Jaguar Land Rover (JLR) and rising input costs overshadowed a sharp expansion in its domestic business.Consolidated net profit fell 80.3% y-o-y to Rs 775…
The gains came after both benchmarks fell more than 2% in the previous session (representative image) Oil prices edged higher on Friday as the United States threatened to maintain a naval blockade of Iran indefinitely, renewing concerns over crude supplies even as weaker demand forecasts and rising US inventories limited gains.Brent crude futures rose 9…
The report divided the more than 40 countries into three categories based on their economic relationship with China (representative image) The US has put India among more than 40 countries it says face risks of becoming conduits for Chinese goods seeking to avoid American tariffs, potentially adding another complication to the ongoing trade negotiations between…
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Gold and silver prices remain in focus as investors assess the next move in precious metals after gold’s sharp rally and subsequent pullback. Gold prices fell on Friday as traders locked in profits following bullion’s climb to an over two-month high on Thursday. Spot gold was down 0.5% at $4,330.37 per ounce by 0103 GMT,…
If commissions drop to the extent that distribution is not viable, industry officials say that sale of credit protection covers may drop. MUMBAI: The insurance regulator Irdai is considering an effort-based commission framework linking distributor payouts to selling and servicing effort, but life insurers fear lower commissions for group and embedded products could shrink coverage…
Export of oil products soared 67.6% to $6.9 billion on the back of strong demand from several Asian countries NEW DELHI: India’s goods exports rose at its fastest pace in over four years, rising 19.5% to $44.2 billion in July, while imports were 17.4% higher at $76.2 billion, resulting in a trade deficit of $32…
Tata Trusts said Chandrasekaran emailed its nominee directors, Noel and vice-chairman Venu Srinivasan, on Aug 12 MUMBAI: Setting in motion the process of finding the next chairman of Tata Sons, majority stakeholder Tata Trusts issued a statement on Thursday saying it “respects” N Chandrasekaran’s decision not to offer himself for reappointment. Trusts control over 51.4%…
A sharp cut in Russian crude imports could raise India’s oil import bill, disrupt refinery operations. With Russia’s share in India’s oil imports progressively climbing up, any abrupt shift away from Moscow’s crude appears unlikely in wake of the fresh Trump tariff threat emerging from the US, says Global Trade Research Initiative (GTRI) in its…
Wholesale prices in the US cooled in July, offering a welcome sign that inflation may be losing some momentum as lower energy costs helped ease price pressures.Data released by the labor department showed that the producer price index (PPI), which tracks prices received by producers before they reach consumers, increased 4.7% from a year earlier…
