BUSINESS
Tata Steel welcomes CBAM exclusion from India-EU FTA, calls it "equalisation" on overseas steel
Due to the CBAM, steelmakers exporting to the EU face varying tariffs based on the "intensity" of carbon emissions (carbon dioxide emissions per tonne), while India's duty-free stel export quota to the EU has also been reduced
BUSINESS
Tata Steel to respond to CCI probe, says pricing influenced by global movements not collusion
Earlier this year, Reuters reported that an anti-trust probe initiated on 28 steel makers, including Tata Steel and JSW Steel, has found that these companies have breached antitrust rules by colluding over pricing
BUSINESS
US to lift reciprocal tariffs on Indian gems, diamonds subject to interim agreement
In December 2025, exports to the US declined by 50.44% year-on-year, reflecting the continued impact of tariff-related pressures and subdued discretionary demand.
BUSINESS
Kalyan Jewellers in talks with Middle East investors for franchise-led expansion
The company said it is working with potential franchise partners to convert more showrooms to FOCO in the Middle East during FY26.
BUSINESS
Berger Paints post 8.5% decline in Q3 net profit
Berger Paints flagged scale effect and continued investments in brand building as reasons for the subdued EBITDA performance.
BUSINESS
Adani group firm's petition to challenge First Solar's TOPCon patent rejected by US authorities
The development comes amid an ongoing legal tussle between First Solar and Mundra Solar PV Ltd in the US. First Solar has filed a patent infringement lawsuit in a Delaware court, alleging that an Adani Group entity infringed two patented solar panel manufacturing technologies.
BUSINESS
BPCL to prioritise viability, availability of crude, open to Venezuelan oil, says chairman Khanna
BPCL is setting up a trading desk at Singapore, which will allow it to be in much closer contact to the spot buyer while diversifying its sourcing. BPCL expects its Mozambique and Brazil projects to be completed by 2028-29, Sanjay Khanna tells Moneycontrol
BUSINESS
Solar exporters to re-open talks with US buyers, revive manufacturing plans
Vikram Solar and Premier Energies, which were among the firm to put on hold plans to set up units in the US, are looking at reviving discussions
BUSINESS
No direct boost, Budget turns to structural levers to support consumption
Targeted duty cuts, TCS relief and compliance easing replace direct tax giveaways as government looks to support demand
BUDGET
FM Sitharaman unveils string of measures to support textiles, khadi, handlooms
The Budget has also proposee 'mega textile parks' with a thrust on value addition and technical textiles, while simultaneously strengthening khadi, handloom and handicrafts through investments in training, skilling and quality upgradation
BUSINESS
Budget 2026: FMCG seeks measures to enable a sustained demand environment
From a household consumption perspective, FMCG volume growth of around 5 percent appears achievable within the first few months of the next year, according to Worldpanel by Numerator.
BUSINESS
Colgate leans on premium launches as low-income urban demand stays soft in India
In the December quarter, Colgate posted an 1.66 per cent rise in sales at Rs Rs 1,486.13 crore, while net profit was flat at Rs 323.86 crore.
BUSINESS
Solar firms fret to replace, cut silver use amid soaring prices
An average solar panel of approximately 2 square metres can use up to 20 grams of silver and utilise 3.2- 8 grams per square metre.
BUSINESS
Will buy crude that is commercially good for us, says IOC Chairman
The company has further identified land parcels for its nuclear energy projects and is under discussions with various states for the same.
BUSINESS
BPCL eyes to pick 20-25% stake in hydropower projects in renewable push
The company is targeting to expand to 10 GW by 2035 and the refiner expects 10% of total electricity consumption at operating locations through renewable sources by FY 2026-27.
BUSINESS
Local jewellers run short of cash as branded chains thrive in gold rally
Unorganised jewellers (~53% of the market) are under pressure due to outright inventory buying, lack of hedging, and limited liquidity, leading to delays in design refreshes and store expansions.
BUSINESS
Silver demand steady despite high prices, says Hindustan Zinc CEO
Arun Misra said rising prices have not triggered any meaningful pullback in consumption, as silver’s role in sectors such as electronics and renewable energy makes substitution difficult.
BUSINESS
Green energy developers flag risks in Centre’s proposed renewable buyout option
The buyout mechanism will allow DISCOMs, captive power producers and open-access consumers to meet their green energy mandates by paying a prescribed charge instead of procuring renewable energy or Renewable Energy Certificates
BUSINESS
Budget 2026: Consumer sector seek steps to boost GST 2.0 to revive demand
Easier compliance, rationalisation of rates and strengthening formalisation of retail chain is on the industry wishlist
BUSINESS
De Beers bets on India’s rising middle class to fend off lab-grown diamond threat
The company recently opened a high-street store in Mumbai and plans to accelerate its physical retail presence. It aims to open five more company-owned stores and around 10 franchise outlets in 2026, expanding not just in metros but also into tier-2 cities, reflecting confidence that demand is spreading beyond India’s largest urban centres.
BUSINESS
Why record gold prices didn’t stop jewellers from clocking strong Q3 sales
Although the formalisation of the jewellery sector was an additional push for sales growth, analysts said that price corrections in October also drove demand momentum, which continued into November with healthy footfalls in stores, led by the wedding season.
BUSINESS
Why major steelmakers are in the Competition Commission of India's crosshairs
The Competition Commission of India (CCI) held 56 top executives, including JSW's Managing Director Sajjan Jindal, Tata Steel CEO T.V. Narendran and four former SAIL chairpersons, liable for price collusion over varying periods of time between 2015 and 2023
BUSINESS
FMCG companies see steady demand recovery, strong growth in food biz
India’s FMCG sector is not just poised for recovery but is getting ready for sustained, value-led growth, analysts say. Both Marico and Dabur expect profits to improve in the coming quarters
BUSINESS
Venezuelan situation to have little impact on Indian refiners, crude imports have remained nil since May
According to the data analytics firm, Indian companies have stayed away from Venezuelan crude oil for 8 months after 2024 peak. By May 2025, imports dropped to zero, marking a complete halt in Indian buying even as Venezuela continued exporting crude to other destinations, chiefly China and the US.
