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Tyre firms roll back prices, hope to liquidate inventory

Chennai: On the back of softening natural rubber prices coupled with lower crude oil prices, tyre companies reduced prices by 2-5% over the past...

Exclusive: India exempts rupee payments for Iran oil from hefty taxes...

© Reuters. Exclusive: India exempts rupee payments for Iran oil from hefty taxes - government order ...

Maverick accountant Gurumurthy shaking up India’s central bank

© Reuters. FILE PHOTO: RBI Governor Urjit Patel attends a news conference after the bimonthly monetary policy...

India house prices to rise at half the rate of inflation...

© Reuters. Trucks are parked at the site of an under-construction residential building project, which has been...

Exclusive: India’s Iran oil purchases to fade ahead of U.S. sanctions

© Reuters. FILE PHOTO: A general view of an oil dock is seen from a ship at...

Tyre firm margins hit as floods impact rubber tapping in Kerala

Chennai: The devastating floods in Kerala have sharply impacted natural rubber (NR) production and will pinch the tyre industry’s raw material margins. Kerala accounts for...

India’s June gold imports drop by a quarter as rupee hits...

MUMBAI: India’s gold imports fell for a sixth month in June to 44 tonnes as a drop in the rupee to record lows lifted...

Rubber imports: Planters decry easier port entry norms

Bitter pill: Farmers fear the lifting of restrictions may lead to an increase in the quantum of imports and result in a fall in...

India: Tyre companies up prices by 1-3%

Chennai: First it was the car and SUV companies that hiked prices earlier last month and now tyre companies are following suit. A number...

What’s behind the fall in rubber prices

Lower global demand, higher domestic production put the brake on rates Unlike many commodities that have been heating up in recent times, prices of domestic...