China’s rare earth exports clampdown: Curbs backfire as local magnet makers reel from demand collapse; revenues plunge and inventories pile up despite US deal

China’s export restrictions on rare earths have disrupted the global auto supply chain, forced production halts by carmakers, and pushed US President Donald Trump back to the negotiating table—but at home, the curbs have dealt a fresh blow to struggling Chinese magnet makers.Beijing imposed the restrictions in April in retaliation for US tariffs, severely impacting […]

Economy

‘Higher prices, demand for value added products to drive dairy firms’ revenues’

Companies will ramp up capital expenditure by about 10% this fiscal and a sizeable portion of it will be to enhance capacities for value-added products, a segment that continues to outpace the traditional liquid milk category | Photo Credit: AMIT DAVE Indian dairy companies will see revenue grow 11-13% this fiscal, compared with about 10 […]

Nvidia first-quarter earnings results: Nvidia beats estimates as revenues rise 69% from a year ago | Business

Nvidia first-quarter earnings results (AP) Nvidia announced impressive first-quarter results on Wednesday, reporting a 69% year-over-year increase in revenue, reaching $44.1 billion, surpassing Wall Street’s forecast of $43.28 billion. However, the company’s net profit of $18.78 billion was slightly below the anticipated $19.49 billion.Earnings per share came in at 73 cents, an increase from 61 […]

Economy

UPL Q4 net at ₹896 crore on higher revenues

Agri-input major UPL has reported a profit of ₹896 crore for the quarter ended March 2025, as against ₹40 crore in the same period last year, on higher revenues. Revenues from operations were up 11 per cent at ₹15,573 crore during the quarter, against the corresponding last quarter’s ₹14,078 crore. Revenue growth was led by […]

Economy

To shore up revenues, govt revised excise duty on petrol, diesel 13 times since 2014 when oil prices fell

The government’s penchant for increasing excise duty during times of low global crude oil prices has been in practice since 2014, a mechanism that has been utilised more than a dozen times to shore up revenues. A back of the envelope calculation shows that between 2014 and 2025, the excise duty was revised around 16 […]

Economy

‘NITI NCAER States Economic Forum’ portal to help States raise revenues, manage debts: Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday launched the “NITI NCAER States Economic Forum” portal and said that the platform will provide authentic data which would help States to make more meaningful interventions, raise their own revenues, manage debts and learn from peer experiences. In her keynote address at the portal launch, Sitharaman emphasised the importance […]

Trump places 25% tariff on imported autos, expecting to raise $100 billion in tax revenues, ETCFO

WASHINGTON – President Donald Trump said Wednesday he was placing 25% tariffs on auto imports, a move the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains. “This will continue to spur growth,” Trump told reporters. “We’ll effectively be charging a 25% […]