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Cheap steel brought relief for automakers. But the bonanza may not last

Mumbai, Feb. 20 -- Lower steel prices helped automakers trim costs and raise margins in the December quarter. However, experts said lower input costs were not sustainable, and the industry remains exp... Read More


Cheap steel boon for Indian automakers may not last

Mumbai, Feb. 20 -- Lower steel prices helped automakers trim costs and raise margins in the December quarter. However, experts said lower input costs were not sustainable, and the industry remains exp... Read More


Cheap steel boon for Indian automakers may not last

Mumbai, Feb. 20 -- Lower steel prices helped automakers trim costs and raise margins in the December quarter. However, experts said lower input costs were not sustainable, and the industry remains exp... Read More


Old car, new fortune: Scrappage scheme births unique arbitrage market

Mumbai, Feb. 19 -- In an ingenious market development, the government's efforts to have you scrap your old, polluting car is ending up providing a hefty discount to another buyer of a different vehicl... Read More


Auto scrapping policy births an arbitrage market

mumbai, Feb. 19 -- Scrapping your old smoke-belching car was supposed to help clean the air and encourage a new purchase through discounts. In a curious twist, the scrapping policy now ends up providi... Read More


Why Hindalco is unfazed by Trump's 25% aluminium tariff

New Delhi, Feb. 15 -- Mumbai: The US' upcoming 25% tariff on aluminium, announced by president Donald Trump, will have a mostly neutral impact on Hindalco Industries Ltd. and its American unit Novelis... Read More


Ashok Leyland Q3 profit zooms on low input costs, resurgent demand for trucks

New Delhi, Feb. 12 -- India's second-largest maker of commercial vehicles, Ashok Leyland, beat Street estimates to post its highest-ever profit for the October-December period on the back of lower inp... Read More


Indian steelmakers, already reeling under lower prices, brace for impact of Trump's 25% tariff

New Delhi, Feb. 11 -- Indian steelmakers, already impacted by rising imports and shrinking domestic prices of the alloy, are now staring at more turbulence after the US slapped a 25% tariff on all its... Read More


Indian steelmakers' SOS to govt: intervene against Trump's tariffs

New Delhi, Feb. 10 -- A lobby of Indian steelmakers has urged the Indian government to step in after US President Donald Trump announced plans to levy additional duty on steel and aluminium imported i... Read More


Rashmi Saluja's reappointment rejected by Religare shareholders

New Delhi, Feb. 9 -- Shareholders of Religare Enterprises Ltd almost unanimously rejected chairperson Rashmi Saluja's reappointment as director, effectively ending her six-year stint at the helm of th... Read More