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Dubai: Iran's Foreign Ministry spokesperson warned that Tehran would respond harshly to expanded US sanctions, including measures against countries it sees as cooperating with Washington. "Any escalation of this situation will undoubtedly bring about consequences," Esmail Baghaei said. "Our hands are not tied." The new...

Washington: President Donald Trump Monday threatened to impose a 50 per cent tariff on Canadian automobiles, car parts and steel starting next year as the trade rift with Ottawa continued to deepen. The announcement comes after trade talks between otherwise allies and reliable trading partners...

New Delhi: New SIM card rules came into effect in India from Monday, and telecom companies have been instructed to stop issuing mobile connections to people who have already reached the permitted limit. The Department of Telecommunications (DoT) has directed telecom operators to identify customers...

New Delhi: Sugar industry's apex body ISMA Monday asserted that there is no shortage of sugar in the country and prices in the retail market are expected to come down. Addressing a press conference, Indian Sugar Mills Association (ISMA) President Niraj Shirgaokar said the prices...

Mumbai: Benchmark equity indices Sensex and Nifty ended lower Monday as persistent geopolitical tensions and elevated crude oil prices hampered risk appetite. Investors remained cautious ahead of fresh US sanctions on Iran, experts said. Despite a positive beginning, the 30-share BSE Sensex failed to carry...

New Delhi: The government has amended the export policy for several wheat products and shifted from the prohibited to the free category, according to a notification issued by the Directorate General of Foreign Trade (DGFT)Monday. Under the revised policy, exports of wheat or meslin flour...

New Delhi: At least 15 flights were diverted at the Delhi airport Monday due to inclement weather conditions, according to an official. Scores of flights were delayed and some were cancelled at the Indira Gandhi International Airport (IGIA) in the national capital due to the...

Dubai: Iran's currency hit a new record low Monday, with the rial dropping to 2.02 million to the US dollar as markets opened, as the economy has been battered by ongoing sanctions and an American naval blockade. The drop on Iran's informal currency markets came...

Dubai: India has reviewed the negotiations on a free trade agreement with the Gulf Cooperation Council (GCC), as the country's ambassador to Saudi Arabia, Vipul, held wide-ranging talks with the secretary general of the six-nation bloc, Jasem Mohamed Albudaiwi, in Riyadh. The meeting took place...

Tokyo: India is in negotiations with at least 8-9 more groups of countries and individual nations that together account for another USD 15 trillion of GDP, Commerce and Industry Minister Piyush Goyal said Monday. He added that the country's free trade agreements would eventually cover...