Business
CEA proposes sharp rise in fixed monthly power charges for consumers
NEW DELHI: Central Electricity Authority (CEA) has proposed a nationwide overhaul of electricity tariffs, recommending a sharp increase in fixed monthly charges paid by consumers as power distributors struggle to recover costs amid rising rooftop solar adoption and migration of industries to captive power.The proposal could eventually mean consumers paying a larger portion of their…
PFC, REC boards clear merger, seek approval from President
NEW DELHI: The boards of state-run power sector financiers Power Finance Corporation and REC Limited on Saturday decided to move ahead with the proposal to merge the two entities.In separate stock exchan-ge filings, both companies said their boards had cleared reserving the merger proposal for approval of President of India, as required under their Articles…
After duty hike comes curbs on silver import
NEW DELHI: Days after more than doubling the customs duty, govt on Saturday moved in to restrict the import of certain types of silver as part of its strategy to reduce surging shipments of bullion.In a notification, the directorate general of foreign trade moved silver bars containing 99% or more of the metal as well…
Vodafone rides govt relief, posts Rs 52k crore surprise profit
NEW DELHI: India’s third largest telecom operator Vodafone Idea (VI) is finally profitable. On Saturday, it reported a net profit of Rs 51,986 crore in March quarter — probably a record for any company — against a loss of Rs 7,168 crore in the corresponding period of 2025.This was thanks to a one-time accounting gain…
Tata Trusts ordered to defer today’s board meets
Maharashtra’s charity commissioner has ordered Tata Trusts to defer board meetings and launched an inquiry into complaints filed by vice-chairman Venu Srinivasan and advocate Katyayani Agrawal, stating that “the issues highlighted by them are serious and require due consideration.” The development deepens a governance dispute at one of India’s most influential philanthropic institutions where Srinivasan…
CCPA issues notices to Amazon, Flipkart, Meesho and JioMart over ‘cyclosinone herbicide’ sale
Four major e-commerce platforms– Amazon, Flipkart, Meesho and JioMart– have removed listings of the allegedly unregistered “Cyclosinone Herbicide” following notices issued by the Central Consumer Protection Authority (CCPA), which has now ordered a detailed investigation into the matter.In a statement issued on Saturday, the regulator said the platforms informed it that listings of the product…
Delhi government reduces VAT on aviation turbine fuel from 25% to 7%
The Delhi government on Saturday announced its decision to reduce the Value Added Tax (VAT) on Aviation Turbine Fuel (ATF).According to the the chief minister’s office Value Added Tax (VAT) on Aviation Turbine Fuel (ATF) from 25 per cent to 7 per cent, according to the chief minister’s office, as quoted by ANI, claiming it…
EV maker raises US prices of Model Y variants by up to $1,000
Tesla has increased prices of its Model Y variants in the United States, according to updates on the company’s website, Reuters reported.The electric vehicle maker raised the price of the Model Y Premium All-Wheel Drive and Model Y Premium Rear-Wheel Drive variants by $1,000 each to $49,990 and $45,990, respectively.Tesla also increased the price of…
Why the government is identifying 100 products to cut import dependence
India is preparing a fresh manufacturing push centred on identifying nearly 100 products that are either not produced domestically or are inadequately manufactured despite existing capability, signalling a sharper industrial policy focus amid shifting global supply chains, geopolitical tensions and the country’s ambition to emerge as a global manufacturing hub.The initiative, outlined by Department for…