Inventories of rare earth magnets used in critical automotive components — particularly electric vehicle (EV) traction motors and power steering systems — could run dry by mid-July this year, according to rating agency Icra. IMAGE: Workers transport soil containing rare
India’s forex reserves increased by $5.17 billion to $696.65 billion for the week ended June 6, the RBI said on Friday. Illustration: Dado Ruvic/Reuters The overall reserves had dropped by $1.24 billion to $691.49 billion for the week ended May
Kindly note the image has been posted only for representational purposes. Photograph: Kind courtesy Oscar/Pixabay.com Shine Jacob and Sohini Das With global automobile majors raising concern over rare earth elements and the magnet crisis owing to export curbs by China,
The crash has dealt a blow to the conglomerate’s efforts to turn around Air India, especially following its merger with Vistara in 2024. IMAGE: A view of Tata Group headquarters Bombay House in Mumbai. Photograph: ANI Photo Grief hung
Investors’ wealth eroded by Rs 5.98 lakh crore on Thursday, tracking weak trends in equities where the BSE Sensex tumbled 1 per cent. Photograph: Francis Mascarenhas/Reuters Benchmark indices Sensex and Nifty declined 1 per cent in tandem with weak global
Retail inflation dipped to an over six-year low of 2.82 per cent in May due to subdued food prices, remaining below the RBI’s median target of 4 per cent for the fourth consecutive month, according to government data released on
‘Many global investors have been overweight on dollar assets, so some diversification or hedging is naturally expected.’ Illustration: Dado Ruvic/Reuters Merger & acquisition (M&A) in India this year is expected to be robust, driven by consolidation, while private-equity interest remains
However, under several external factors — such as technological disruption or advancement, regulatory or policy changes, or economic shocks — the gig workforce may grow only to 32.5 million by 2047, a report points out. Kindly note the image has
‘Our new business premium is around Rs 700 crore, which we want to take to Rs 2,000 crore.’ Illustration: Dominic Xavier/Rediff Parag Raja, managing director (MD) and chief executive officer (CEO), Bharti AXA Life Insurance, outlines the company’s five-year road
Global home decor and furniture retailer IKEA has ambitions to increase sourcing from India to 50 per cent, Swedish trade minister Benjamin Dousa said on Wednesday. Photograph: Hemanshi Kamani/Reuters IKEA’s sourcing basket includes textiles, plastics, and metals, among others, and
