New Delhi, April 8 (IANS) Leading automobile manufacturer Hyundai Motor India Ltd. (HMIL) on Wednesday announced a price increase of 1 per cent across its portfolio, effective from May.The company cited various cost escalations as the reason behind price hike adding that the quantum of increase will vary based on the variants and models, according to an exchange filing.”The company’s endeavour is always to absorb rising costs to safeguard our customer from price fluctuations. However, the escala…
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Washington, March 28 (IANS) US President Donald Trump said he plans to visit China soon, highlighting his strong personal relationship with President Xi Jinping while emphasising that the United States continues to compete with Beijing on trade and economic policy.Speaking at the Future Investment Initiative summit in Miami, Trump said he maintains a close relationship with Xi. “I get along really well with him,” he said, citing cooperation on issues including a deal involving TikTok.Trump s…
New Delhi, March 27 (IANS) India’s automobile sector growth is likely to moderate in FY27 after a strong, policy‑led expansion in FY26, with demand having benefited from GST cuts, improved affordability and resilient economic activity, a report said on Friday.The report from ICRA said GST changes primarily drove the demand, by improving affordability in two‑wheelers and enhancing fleet economics in commercial vehicles.The commercial vehicle segment led the upcycle aided by GST rate cuts, h…
Mumbai, Feb 22 (IANS) India Inc delivered its strongest earnings performance in the past eight quarters in the third quarter of FY26, driven by broad-based sectoral growth and improving demand trends, a new report said on Sunday.The data compiled by Motilal Oswal Financial Services said that aggregate earnings of the Nifty 500 universe rose 19 per cent year-on-year in 3QFY26.Excluding financial stocks, earnings growth stood even higher at 23 per cent. If metals and oil & gas companies are ex…
New Delhi, Jan 27 (IANS) Prime Minister Narendra Modi is set to host the 16th European Union-India Summit in the national capital on Tuesday with President of the European Commission, Ursula von der Leyen, and visiting President of the European Council, Antonio Costa, to announce the ‘mother of all trade deals’.According to Commerce Secretary Rajesh Agrawal, India and the EU have concluded negotiations on the much-awaited Free Trade Agreement (FTA) and the announcement of the conclusion of t…
New Delhi, Jan 10 (IANS) Pakistan’s worsening unemployment and economic stagnation are not the result of a lack of ideas or strategies, but the outcome of ten deeply entrenched policy regimes that directly suppress job creation, productivity and investment, a report has said.The report by Business Recorder argued that these policies benefit narrow and powerful elites while spreading economic costs across millions of citizens, making large-scale job creation impossible.The report said that Paki…