ArcelorMittal Nippon Steel India (AMNS India) on Tuesday announced the appointment of Nobuo Okochi as Chief Financial Officer with effect from July 1.Okochi is currently Managing Executive Officer (India, ASEAN, Middle East and Africa) at Nippon Steel Corporation, a joint venture partner in AMNS India, according to PTI.He will succeed Amit Harlalka, who is being…
Union minister for electronics and information technology and railways Ashwini Vaishnaw on Tuesday laid out a roadmap to transform southern India’s transportation, placing the proposed bullet train network as a major driver of economic integration across key cities while also announcing significant rail and digital infrastructure expansion.Addressing the groundbreaking ceremony of the Google Cloud India…
India’s growing trade gap with China is no longer just about buying more and selling less, but it is also about how deeply Indian manufacturing relies on Chinese industrial supplies at present.A new report by think tank Global Trade Research Initiative has flagged that while China makes up around 16% of India’s total imports, its…
Wars and geopolitical conflicts often have unexpected impacts for economies. Countries are struggling with tight energy supplies and companies in the Gulf are forced to rethink their production volumes. The key question is, what impact will the Middle East conflict have on Indian companies?While most Indian retailers are facing losses amid supply concerns, the Iran…
Air India, IndiGo and SpiceJet have urged the government to revise Aviation Turbine Fuel (ATF) pricing and provide financial support, warning that the airline industry is under extreme stress and close to “stopping operations”.The appeal was made by the Federation of Indian Airlines (FIA), which represents the three carriers, in a letter to the civil…
Nearly all Indian refiners, except Numaligarh Refinery, are now importing Russian crude. (AI image) India’s imports of crude oil from Russia have dropped from the highs seen in March when the supply disruptions from the Middle East caused by the US-Iran war and the Strait of Hormuz closure prompted refiners to step up buys from…
Prime Minister Narendra Modi is on a two-day visit to Sikkim, where he is participating in the State’s Golden Jubilee celebrations of statehood. During the event, the Prime Minister described the Northeast as India’s “Ashtalakshmi” and highlighted the Himalayan State’s significance within it. During the visit, he also inaugurated and laid the foundation stone of…
Gold price prediction today: Any upside in gold prices is likely to be capped by gains in crude oil prices, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
The Middle East conflict has already been rattling global oil flows, draining supplies, tightening reserves and pushing crude prices higher across markets. But Iran, one of the key flashpoints in the crisis, seems to be dealing with a different kind of pressure altogether. Instead of just struggling with disrupted exports, the country is now staring…
A growing number of companies are slowing down their plans to launch initial public offerings, as volatile market conditions and shifting investor sentiment have made valuations more challenging. The year had begun on a strong note. During the March quarter, 18 mainboard IPOs collectively raised ₹18,778 crore. The number of issues was twice that of…