The shares of National Aluminium Company Ltd (NALCO) rose by 8.6 per cent, Hindalco by 3.8 per cent and Vedanta by 3.2 per cent. The aluminium prices in the spot market on the Multi Commodity Exchange (MCX) rose over 2 per cent.
China's withdrawal of the export tax rebate, which will be enforced from December, is likely to restrict aluminium flows from China in the short term.
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Smartphone PLI rings in record electronics exports
Electronics exports reached the highest-ever mark of $19.1 billion within a seven-month period of any financial year, at the end of October 2024. This is a 24 per cent growth over the $15.4 billion export figure for the sector during the same period in the last financial year, according to the latest government data.
Birla Opus adds fresh coat to raise capacity
Commences operations of 4th plant; becomes second-largest decorative paints player
Karnataka rolls out GCC framework, skilling initiatives
Three dedicated global innovation districts to be set up
Subsidy for cargo e-3Ws restored, but halved to ₹25K
The central government has decided to restore the subsidy for cargo electric three-wheelers (e-3Ws) for the remaining part of financial year 2025, but with a reduced rate.
Tafe, AGCO claim HC relief in brand dispute
Chennai-based Tractors and Farm Equipment (Tafe) and AGCO said on Tuesday that a Madras High Court had favored them in their dispute about the Massey Ferguson tractor brand, citing an order to maintain \"status quo\".
°Wind energy at its peak, With 8 more yrs of growth,
After a financial turnaround ancl achieving a debt-free status' Suzlon Energy is focused on driving financial growth. J P CHALASANI, group chief executive officer of Suzlon, speaks with Jaden Mathew Paul in Mumbai about the prospects ofthe Indian wind energy sector' opportunities in defence and railways, and Suzlon's strategies to maintain its leadership. Edited excerpts:
Adani Infra to pick 30% stake in PSP Projects
Adani Infra (India) Limited has signed a pact to acquire a 30 per cent stake in construction company PSP Projects Limited from its existing promoters for ₹685 crore in an all-cash deal.
Flipkart's BBD lifts Walmart global sales
US-based retail giant Walmart on Tuesday said its international sales in the third quarter got a boost from the 'Big Billion Days' sales event by its Indian e-commerce arm Flipkart.
4.8mn weddings mean business after lacklustre months
The wedding season is in full swing, and an estimated 4.8 million couples are expected to tie the knot before the year draws to a close.
Meta to appeal against CCI penalty, diktat on data share
Menlo Park (California)-headquartered Meta Platforms on Tuesday opposed the ₹213-crore penalty imposed by the Competition Commission of India (CCI) along with a cease-and-desist directive that clamped down on data-sharing. Meta said it would appeal against the move.
