CHENNAI: JSW MG Motor India, the joint venture between JSW Group and China’s SAIC Motor, is gearing up for a decisive expansion in India with a planned investment of Rs 3,000 to Rs 4,000 crore and an aggressive product offensive lined up for 2026. The country’s second-largest electric car maker by volume is sharpening its…
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The government has imposed a windfall gains tax of Rs 3 per litre on petrol exports with effect from May 16, PTI reported. The move comes amid elevated global crude oil prices and ongoing volatility in international energy markets following the Middle East conflict.“Govt levies Special Additional Excise Duty of Rs 3 per litre (SAED-…
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Wakefit Innovations entered the Dalal Street on a muted note on Monday with its shares trading at Rs 195 on the NSE, matching its issue price. On the BSE it opened slightly lower at Rs 194.1.However, later the stock price jumped to over Rs 200 on both the benchmarks. On the Bombay Stock Exchange, Wakefit…
Equity markets extended their losing streak for a third consecutive session on Monday, with benchmark indices witnessing sharp declines as crude oil prices surged after the United States and Iran failed to secure a peace agreement aimed at ending the ongoing conflict in West Asia. The BSE Sensex, comprising 30 shares, plunged 1,312.91 points or…
Commercial LPG prices across India have been increased by Rs 42 to Rs 53.50 per cylinder from Monday. The price hike comes amid concerns over fuel supply security and efforts to strengthen LPG reserves following recent disruptions linked to the West Asia conflict.The price of a 19-kg commercial LPG cylinder in Delhi has been raised…
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