An employee of a powerloom unit in Thane district, Maharashtra, is accused of stealing raw materials worth Rs 21.89 lakh from the factory. Police have registered a case and launched a search for the accused supervisor, Ashish Singh.
A businessman in Thane, Maharashtra, has reported the theft of veterinary raw material worth approximately Rs 45 lakh from a consignment en route to Dehradun. Police have registered a case and are investigating the incident.
The Reserve Bank of India (RBI) has allowed banks to grant need-based working capital loans to manufacturers using gold as raw material, extending the provision currently available only to jewellers. Banks are generally prohibited from lending for the purchase of gold/silver in any form, or lending against the security of primary gold/silver.
Strong demand in the domestic market, coupled with an increase in raw material prices, is pushing up steel prices. According to SteelMint, a market intelligence and price reporting firm, the list price of flat steel has seen an increase of Rs 750-2,000 per tonne for October deliveries. The long steel price witnessed an increase of Rs 1,500 per tonne towards the end of September.
Spreading risks in sourcing raw materials for electric vehicle (EV) manufacturing is "very critical" and the government can play a key role by enabling access to these from multiple locations worldwide, said Vivek Srivatsa, chief commercial officer at Tata Passenger Electric Mobility, on Friday while stressing the need for faster localisation, especially of batteries.
Raw material prices had been on the rise, but since Russia waged war on Ukraine, prices have surged.
Industry officials say the crunch has not only affected manufacturing of edibles but even of items like nozzle pumps and other goods used in packaging.
The start of the West Asia conflict has led to a sharp increase in crude-linked raw material prices, pushing up the price of helmets across the country.
Delhi Police busted an adulterated spice manufacturing unit in Old Delhi's Khari Baoli, arresting a man and seizing around 801.88 kg of spurious ground spices and raw material.
During an Anti-Narcotics Squad raid in Delhi's Swaroop Nagar, an African woman died after allegedly jumping from her third-floor flat. The operation also led to the discovery of a suspected methamphetamine manufacturing and raw material storage facility, prompting further investigation into a larger drug network.
Mumbai police have dismantled a mephedrone (MD) manufacturing network, seizing raw materials and chemicals worth Rs 4 lakh, capable of producing MD valued at Rs 100 crore. The operation prevented the flooding of the market with synthetic drugs, leading to multiple arrests and the seizure of significant quantities of MD and related equipment.
The Narcotics Control Bureau (NCB) has busted an illegal drug manufacturing laboratory in Hyderabad and arrested three individuals. The raid resulted in the seizure of 69.6 kg of Alprazolam, raw materials for Ephedrine production, and contraband valued at approximately Rs 17.40 crore.
Two individuals have been arrested in Gujarat's Mehsana district for allegedly manufacturing liquor from a residential property, violating the state's strict prohibition laws.
Faridabad Police have dismantled a workshop producing counterfeit Harpic toilet cleaner, arresting one individual and seizing a large quantity of fake products and manufacturing equipment.
Escalating geopolitical tensions in West Asia are beginning to disrupt India's automotive supply chain, leading to rising commodity prices, logistics bottlenecks, material shortages, and pressure on consumer demand, with two-wheeler makers already raising prices.
Analysts predict that developments in US-Iran negotiations, fluctuations in crude oil prices, and key global economic data will be the primary drivers of gold and silver prices in the coming week, with a strong focus on talks in Switzerland.
Rajasthan Police's Anti-Narcotics Task Force dismantled an illegal MD drug manufacturing unit in Jodhpur, arresting six individuals and seizing a large quantity of raw materials.
China has scrapped tariffs and value-added taxes on core equipment, components, and raw materials imported and used in civilian high-tech projects.
'While higher prices may create some financial burden for patients and caregivers in the short term, uninterrupted access to treatment remains the greater priority.'
Police in Thane have registered a case against three individuals for allegedly cheating a woman cloth trader of nearly 45 lakh. The accused gained the trader's confidence and purchased raw materials, but later refused to pay the remaining balance.
Delhi Police have arrested two men involved in manufacturing and supplying counterfeit protein supplements in Delhi and the National Capital Region.
Ore and coking coal to come from Tata mines in Canada, Africa.
High interest rates, lack of credit, high raw material prices and recession in the US and Europe have hurt the country's cotton textile industry, the Economic Survey said.
Venu Srinivasan, CMD of TVS Motor, believes that margin pressures will continue due to raw material costs. He further states that the company hopes to maintain gross margins in FY07.
Apart from them, consignments of 11 top importers, including LG, Samsung, Toyota, Honda, and Siemens, will also be allowed entry, relieving them of the 100 per cent inspection rule.
Several non-banking financial companies (NBFCs) are observing an increase in early-stage delinquencies within their micro, small and medium enterprises (MSME) loan portfolios, primarily driven by supply chain disruptions and escalating raw material costs exacerbated by the ongoing conflict in West Asia.
Fast-moving consumer goods (FMCG) companies are closely monitoring crude oil prices and considering low single-digit price increases, while consumer durables firms have already begun passing on significant price hikes to consumers due to rising input costs exacerbated by the West Asia conflict.
An Enforcement Directorate (ED) probe has revealed that the manufacturer of Coldrif syrup, linked to the deaths of at least 20 children in Madhya Pradesh, used industrial-grade raw materials without quality checks. The investigation also found that Tamil Nadu Drugs Control Department officials were in frequent contact with the company but failed to conduct mandated inspections.
The Biden administration has come under criticism from several quarters, including from members and supporters of the Democratic party, for not releasing surplus COVID-19 vaccines to India when the country is experiencing its worst-ever public health crisis.
The Maharashtra Food and Drug Administration has issued a comprehensive order mandating free drinking water for customers in all food establishments, banning food served in newspapers, and introducing rigorous operational standards. These new regulations aim to improve food safety, hygiene, and transparency across hotels, restaurants, and other food service providers in the state.
Delhi Police busted a fake cosmetic manufacturing racket in northwest Delhi, arresting four individuals involved in the production and distribution of counterfeit hair removal cream and other products.
The Reserve Bank of India has increased its retail inflation projection for 2026-27 to 5.1 per cent, up from an earlier estimate of 4.6 per cent. This revision is primarily attributed to mounting input costs, driven by the pass-through of higher global energy prices to domestic petrol and diesel rates, which have seen significant increases since May.
Union Steel Minister HD Kumaraswamy has urged the Indian steel industry to adopt advanced technologies like AI, Machine Learning, and IoT to enhance global competitiveness and productivity. Speaking at a Chintan Shivir, he highlighted that digitalisation is crucial for achieving ambitious steel capacity targets by 2035 and addressing challenges such as operational efficiency, decarbonisation, and export competitiveness. The minister also emphasised how technology can improve safety and reduce downtime in steel plants.
Tata Steel, the world's sixth-largest steel maker, is looking to acquire Brazilian iron ore assets of the United Kingdom-based London Mining, which will help ensure raw material supply for its Anglo-Dutch subsidiary, Corus. The valuation of the asset is yet to be completed, but analysts said that it would be in the range of $2 billion.
During the raid, the ATS recovered 63.6 kg of mephedrone and 80.26 kg of its raw material worth Rs 478.65 crore, the release said.
Tata Motors is set to acquire Italy's Iveco Group, a strategic move aimed at propelling the Indian automaker into the top four global commercial vehicle (CV) manufacturers, with projected annual revenues of $35 billion-$40 billion within five years.
The ongoing conflict in West Asia is severely disrupting Bikaner's food exports, causing delays, rising costs, and impacting the supply of popular snacks like bhujia and papad to Gulf and European markets.
The IRCTC has fined a catering firm Rs 1 lakh and issued a show-cause notice for licence termination after a passenger found a fly in his meal on the Ahmedabad-Mumbai Tejas Rajdhani Express. The firm, Araha Hospitality Pvt Ltd, was warned for lapses in meal preparation and packaging, and instructed to improve hygiene and quality control to prevent future incidents.
India's state-run oil marketing companies (OMCs) are projected to incur under-recoveries of approximately Rs 80,000 crore on liquefied petroleum gas (LPG) sales in FY27 if current loss levels persist, according to rating agency Icra.
India's fertiliser subsidy bill is projected to increase by approximately 70,000 crore, reaching around 2.41 trillion in FY27, primarily due to rising import costs exacerbated by the ongoing West Asia crisis.
