But Tesla will also suffer. Its U.S. factories use parts imported from Mexico and China that will be subject to tariffs, forcing the company to raise prices or take in lower profits. Tesla said Tuesday that its profits fell 71% in the first three months of the year, which could increase the pressure on Elon… Continue reading Tesla’s 71% Drop in profit may pressure Elon Musk to return to day job
Author: Economic Times of India Online News
Steelbird’s FY25 revenue rises 10% to ₹787 crore
The new facility is expected to serve OEMs and aftermarket demand across South India. Steelbird Hi-Tech India Limited, the leading helmet manufacturer, reported a strong performance in FY25, with sales of 8.7 million units. The company saw its revenue rise to ₹787 crore last fiscal, a 10.07 per cent growth over the previous fiscal. The… Continue reading Steelbird’s FY25 revenue rises 10% to ₹787 crore
India’s top auto makers face market share decline as competition intensifies in FY25
Updated On Apr 23, 2025 at 08:39 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Crisil expects car market growth to slow down further in the current year amid piles of unsold stock at dealerships, market volatility and overall uncertainty. India’s top passenger vehicle (PV) and two-wheeler makers saw their market… Continue reading India’s top auto makers face market share decline as competition intensifies in FY25
India’s small steel mills pause job cuts after measures to curb Chinese imports
India’s small steel mills pause job cuts after measures to curb Chinese imports India’s smaller steel mills plan to delay job cuts and other measures such as trimming output, executives said, after the government imposed a temporary tariff to protect local producers from a surge in cheap imports, chiefly from China. On Monday, India, the… Continue reading India’s small steel mills pause job cuts after measures to curb Chinese imports
US FTC sues Uber over allegedly deceptive practices in subscription service
Google and Meta have also faced monopoly allegations. US District Judge Leonie Brinkema ruled that Google engaged in anticompetitive behaviour to secure monopoly power in the open-web display ad server market. The Federal Trade Commission (FTC) has filed a lawsuit against Uber, accusing the company of “deceptive billing and cancellation practices” related to its Uber… Continue reading US FTC sues Uber over allegedly deceptive practices in subscription service
What are colour-coded fuel stickers? Here’s how to get them to avoid fines in Delhi
These stickers must be placed on the windshield of your vehicle. Without them, you will not be able to get a Pollution Under Control (PUC) Certificate, which is also compulsory. If you own a vehicle in Delhi, it’s important to be aware of the latest rules about Delhi colour-coded fuel stickers. These stickers are now… Continue reading What are colour-coded fuel stickers? Here’s how to get them to avoid fines in Delhi
Minister HD Kumaraswamy welcomes decision of 12% safeguard duty on imported steel flat products
Exporters from the MSME sectors from the engineering sector have earlier said that any move to impose additional duties on steel imports would make domestic products uncompetitive and impact the country’s outbound shipments from the sector. Union Minister of Heavy Industries and Steel H D Kumaraswamy welcomed the decision of the Finance Ministry to impose… Continue reading Minister HD Kumaraswamy welcomes decision of 12% safeguard duty on imported steel flat products
India’s Mahindra Logistics posts narrower fourth-quarter loss
Mahindra Logistics, which has grappled with losses from the 2022 acquisition of express commerce firm Rivigo, said its core losses in the segment narrowed to 116 million rupees for the fourth quarter from 149 million rupees a year earlier. India’s Mahindra Logistics reported a smaller quarterly loss on Monday, helped by growth in its key… Continue reading India’s Mahindra Logistics posts narrower fourth-quarter loss
Audio Interview| Trade credit insurance: Playing a vital role in protecting your financial interests
Ron Hesse speaks with Nick Fow In the 8-minute Audio Interview, Mr. Glick discusses these questions: Tell me a little bit about Allianz Trade and what Trade credit insurance is Why do automotive suppliers invest in trade credit insurance in today’s global environment What do you think are the biggest risks in the current global… Continue reading Audio Interview| Trade credit insurance: Playing a vital role in protecting your financial interests
Tata Motors and Tata Power Renewable Energy ink 131 MW hybrid energy deal
The hybrid energy project—enabled through co-investment and a long-term PPA—will deliver green, cost-effective electricity exclusively for Tata Motors’ commercial and passenger vehicle plants in the two states. Tata Motors and Tata Power Renewable Energy Limited (TPREL) have signed a significant Power Purchase Agreement (PPA) to jointly develop a 131 MW wind-solar hybrid renewable energy project,… Continue reading Tata Motors and Tata Power Renewable Energy ink 131 MW hybrid energy deal