New Delhi, A rise in the prices of natural gas and other raw materials is expected to raise the Centre's fertiliser subsidy bill by 62 per cent to Rs 130,000 crore in FY22, Crisil Ratings said.

The rise in subsidy bill is despite the sales volume having declined 10 per centAyear-on-year, the ratings agency sai

New Delhi, Rating agency ICRA on Monday said higher input costs coupled with softening steel prices are expected to impact steel companies' profitability from Q3FY22.

Coking coal is one of the key inputs used in the sector.

"Input cost pressures for domestic mills could moderate somewhat to

New Delhi, The Supreme Court on Monday observed that the court must be circumspect that rights and freedoms guaranteed under the Constitution do not become a weapon in the arsenal of private businesses to disable regulations enacted in the public interest.

A bench of Justices D.Y. Chandrachud, Vikram Nath, and B.V

Chennai,  In a Rs 576 crore deal, home textile major Indo Count Industries Ltd (ICIL) and its subsidiary will acquire the home textile business of GHCL Ltd in India and identified assets (inventory and intellectual property) of its US subsidiary Grace Home Fashions LLC (GHF).

According to ICIL, it will buy GH

Mumbai, Continuous foreign fund outflows as well as concerns over impact of the new variant of Covid-19 on growth, dragged India's key equity market indices into the red on Monday.

Besides, reports of IT notices to some global fund houses have also subdued investors' sentiment.

Notably, on l

Chennai,  Commercial vehicle major Tata Motors Ltd on Monday said the prices of its trucks and buses will increase by about 2.5 per cent from January 1, 2022 onwards.

The price hike will be across the commercial vehicle segments - medium and heavy/intermediate/light/small and bus.

Tata Mot

Colombo, Sri Lanka's tea exports will earn $1.3 billion in 2021, state media citing a top government regulator said on Monday.

Jayampathy Molligoda, chairman of the Sri Lanka Tea Board (SLTB) which is the tea industry's top regulatory and administrative body, said that exports had surpassed $1.2 billion by

Kolkata, The Income Tax (I-T) Department on Monday said that it has initiated a search and seizure operation on a prominent Kolkata-based group, engaged in manufacturing TMT steel bars and construction material.

The search covered more than 20 premises spread over West Bengal and Odisha and unearthed various metho

New Delhi,  The Indian Captive Power Producers Association (ICPPA) in a recent representation to Ministry of Coal, Railways and Power, has sought urgent support for normalizing the coal supplies to Captive Power Plant (CPP) based industries. It has highlighted the issue of insufficient coal rake supplies to CPP based i

Dhaka, Normal life came to a standstill after parts of Bangladesh received heavy rains under the impact of cyclonic storm Jawad.

No major damage has so far been reported due to the heavy incessant downpours, reports Xinhua news agency

The Bangladesh Meteorological Department (BMD) recorded 44 mm of