TVS Motor cautious on FY27, plans Rs 3,500 crore capex
TVS Motor Company projects high single-digit growth for FY27 despite commodity inflation and West Asia crisis, with Rs 3,500 crore capex plan and strong EV momentum.
Category : Economy
CM Naidu Backs PM Modi's Austerity Measures
Andhra Pradesh CM N Chandrababu Naidu supports PM Modi's austerity measures, urging responsible spending and fuel conservation amid West Asia crisis economic impact.
GCCI Supports PM Modi's 7-Point Economic Plan
GCCI extends full support to PM Modi's 7-point national appeal, urging industries to adopt nation-first approach for economic resilience and sustainability.
Assam Cabinet Adopts Austerity Measures to Cut Fuel Use
The Assam cabinet, led by Himanta Biswa Sarma, approved austerity measures including a 20% fuel expense cut, a six-month freeze on foreign travel and new vehicle purchases, and promoting EVs and online meetings.
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Shrimp Feed Price Hike Suspended After Andhra Farmers Protest
Andhra Pradesh shrimp feed price hike suspended after farmers protest. Minister intervenes, meeting set for May 15 to find long-term solution.
Andhra CM Seeks Central Help to Curb Shrimp Feed Price Hike
Andhra Pradesh CM N. Chandrababu Naidu urges Union Minister Piyush Goyal to intervene as rising shrimp feed prices cause severe financial distress for aqua farmers. He warns of potential impact on exports and employment.
RBI Governor Warns of Fuel Price Hike if Crisis Prolongs
RBI Governor Sanjay Malhotra warns that prolonged Middle East crisis may force India to raise petrol and diesel prices, as OMCs face daily losses of up to Rs 1,200 crore.
CACP Flags Rice Stock Surge Due to State Bonuses Over MSP
CACP report warns that state bonuses over MSP for paddy and open-ended procurement have led to rice stocks 4.4 times higher than norms, urging procurement limits.
Mysuru MP Reopens Goods Terminal Road, Easing Truckers' Woes
Mysuru MP Yaduveer Wadiyar facilitated the reopening of MNGT Road, ending years of closure that forced trucks to take detours, reducing fuel costs and travel time for over 600 daily vehicles.
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Mother Dairy, Amul Hike Milk Prices by Rs 2 Per Litre
Mother Dairy and Amul have increased milk prices by Rs 2 per litre from May 14, citing rising costs of cattle feed, fuel, and packaging materials.
Wall Street Mixed as Inflation Data Weighs, Tech Rebounds
Wall Street traded mixed on Wednesday as stronger-than-expected inflation data weighed on sentiment, but a technology stock rebound helped limit losses. The S&P 500 slipped 0.1%.
East Bengaluru Housing Launches Surge on Metro Push
East Bengaluru sees a surge in housing launches driven by strong demand and metro connectivity. Developers launch multiple projects to meet growing buyer interest.
Amul Hikes Milk Prices by Rs 2/Litre from May 14
Amul has increased milk prices by Rs 2 per litre across all variants, effective May 14. The hike is attributed to rising production costs and input expenses.
US Wholesale Inflation Hits 6% in April, Fastest Since Dec 2022
US wholesale inflation accelerated sharply in April, with producer prices rising 6% annually, the biggest jump since December 2022, driven by higher energy costs amid the Iran war.
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Uttarakhand Energy Saving Drive Amid Global Fuel Concerns
Uttarakhand government announces major reforms to push energy conservation amid rising global fuel prices. The Dhami-led administration aims to reduce consumption and promote renewables.
PM Modi's Austerity Call Sparks Uncertainty Among Traders
NITI Aayog's cost-cutting advice following PM Modi's austerity call has left traders uncertain about future business prospects and government spending.
Chennai Port Corridor Gets Rs 3,500 Crore Double-Decker Upgrade
The Chennai Port-Maduravoyal elevated corridor is upgraded to a double-decker structure at Rs 3,500 crore, separating freight and city traffic to boost port capacity to 200 MTPA by 2047.
India's Forex Reserves Robust Enough to Defend Rupee
India's foreign exchange reserves are robust enough to defend the rupee amid the Middle East crisis and foreign capital outflows, economists say, with reserves stronger than during the 2013 taper tantrum.
SBI: West Asia Conflict Impact on India Inflation Limited
The SBI report says the West Asia conflict hasn't majorly impacted India's retail inflation yet, but future trends depend on fuel costs, crop coverage, and global supply conditions.
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500+ Leaders from 50+ Nations at WTCA Forum
Over 500 leaders from more than 50 countries attended the 56th annual World Trade Centers Association Global Business Forum in Philadelphia, focusing on global trade and economic growth.
UK Homeownership vs India: Couple's Tale of Two Housing Markets
A young couple struggled to buy a flat in Bangalore despite dual incomes, but purchased a three-bed house in the UK within two years on a single salary, highlighting stark real estate contrasts.
India Hikes Gold, Silver Import Duty to 15% to Curb Forex Outflow
India raised import duties on gold and silver to 15% from 6% to curb rising imports, conserve foreign exchange amid West Asia crisis. The move aims to reduce pressure on forex reserves and current account deficit.
West Asia Crisis Not Impacting Inflation Yet: SBI Report
A recent SBI report indicates that the West Asia crisis has not yet affected inflation, but the pass-through of fuel prices will shape future inflation outlook.
Asian Markets Mixed as AI Stocks Slip, Oil Stays High
Asian markets traded mixed on Wednesday as fading AI stock momentum, elevated oil prices, and persistent inflation concerns kept investors cautious. Japan's Nikkei edged up, while Hong Kong's Hang Seng fell.
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Kotak Warns India of West Asia Oil Shock Risks
Uday Kotak warns India to prepare for a West Asia oil shock, emphasizing reduced foreign capital dependence and building domestic long-term risk capital for economic self-reliance.
India Hikes Gold, Silver Import Duty to 15%
India raises gold and silver import duty from 6% to 15% to curb imports and protect forex reserves amid global uncertainty. Experts warn of smuggling risks and demand impact.
Sensex Drops 119 Points, Nifty Flat on Geopolitical Tensions
Indian markets opened lower on Monday with Sensex dropping 119 points and Nifty flat amid renewed geopolitical tensions. Gold and silver prices gained as investors sought safe havens.
Warren Blames Trump Policies for April CPI Rise
US Senator Elizabeth Warren criticized Trump's economic policies, saying they are shrinking families' paychecks, following the April CPI report showing persistent inflation.
Ganga Expressway: New Era for UP Real Estate and Economy
The 594-km Ganga Expressway from Meerut to Prayagraj is set to transform Uttar Pradesh's economy and real estate, connecting 12 districts and boosting investment opportunities.
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West Asia crisis is a live balance of payments stress test: CEA
Chief Economic Advisor V Anantha Nageswaran said the West Asian crisis is a structural stress test for India's balance of payments, impacting inflation, exchange rate, and current account.
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