China train sets third record in six months

The 1,110-kg test vehicle, developed at Donghu Laboratory, achieved the milestone in its latest trial China has pushed maglev technology into a speed range far beyond conventional high-speed rail, with an experimental train car reaching 800 kmph in only 5.3 seconds on a 1-km test track in Hubei.The 1,110-kg test vehicle, developed at Donghu Laboratory,…

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Tata Motors PV profit dips 80% on rising input costs

Higher incentives weighed on profitability, with variable marketing expenses rising to 7.1% from 4.1%. NEW DELHI: Tata Motors Passenger Vehicles (TMPV) saw profit collapse in the June quarter as weakness at Jaguar Land Rover (JLR) and rising input costs overshadowed a sharp expansion in its domestic business.Consolidated net profit fell 80.3% y-o-y to Rs 775…

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Commission caps may hit low-value life covers

If commissions drop to the extent that distribution is not viable, industry officials say that sale of credit protection covers may drop. MUMBAI: The insurance regulator Irdai is considering an effort-based commission framework linking distributor payouts to selling and servicing effort, but life insurers fear lower commissions for group and embedded products could shrink coverage…

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Your humble dhaniya is no longer free! Coriander prices rise above Rs 200 kg as heavy rains disrupt supply

Coriander harvested around Nashik is usually sent first to cold-storage facilities in Indore before being transported to Delhi. Dhaniya (coriander) and hari mirch (green chilli) have always been seen as the ‘freebies’ that the vendor gives when you buy vegetables. But the once-ordinary bunch of dhaniya patti has transformed from a complimentary add-on to a…

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Exports grow at fastest pace in four years

Export of oil products soared 67.6% to $6.9 billion on the back of strong demand from several Asian countries NEW DELHI: India’s goods exports rose at its fastest pace in over four years, rising 19.5% to $44.2 billion in July, while imports were 17.4% higher at $76.2 billion, resulting in a trade deficit of $32…

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