Business

New Delhi: Indian Auto industry representatives are yet to leave for China to expedite the import of rare earth magnets as the delegation is still awaiting a formal go-ahead from the Chinese commerce ministry for a meeting, as per industry sources. Around 40-50 industry executives...

New Delhi: Indian IT majors are aggressively repositioning themselves as AI-native firms, focusing on high-margin applications and integration over high-risk, capital-intensive foundational research. A deep dive into the FY25 annual reports from the industry behemoths --- TCS, Infosys, Wipro, and Tech Mahindra -- indicates that...

New Delhi: Nine of the top-10 most valued firms together added Rs 2,34,565.53 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in-line with a buoyant trend in equities. Last week, the BSE benchmark surged 1,650.73 points or 2 per...

New Delhi: India imposed restrictions on the import of jute and allied fibre products from Bangladesh in view of its "unfair trade" practices including circumvention of anti-dumping duty that harmed Indian farmers, people familiar with the matter said Saturday. The new restrictions will apply to...

New Delhi: SoftBank-backed Meesho has received shareholders' approval to raise up to Rs 4,250 crore through an initial public offering, according to the company's regulatory filing. The resolution for IPO was passed in the Extraordinary General Meeting June 25, the filing by the e-commerce company...

New Delhi: Bangladesh paid USD 384 million to Adani Power in June, significantly reducing its outstanding dues under a power supply agreement with the Indian firm, according to sources. In June (till June 27), Bangladesh has paid USD 384 million of the committed USD 437...

Mumbai: India's external debt increased by 10 per cent to USD 736.3 billion at the end of March 2025 compared to USD 668.8 billion in the year-ago period, the Reserve Bank said on Friday. As a percentage of the GDP, the external debt increased to...

New Delhi: India Friday banned imports of certain jute products and woven fabrics from Bangladesh through all land routes amid strained relations between the two countries. However, imports are allowed only through Nhava Sheva seaport in Maharashtra, the Directorate General of Foreign Trade (DGFT) said...

Mumbai: India's current account balance recorded a surplus of USD 13.5 billion (1.3 per cent of GDP) in January-March quarter of 2024-25 as compared with USD 4.6 billion (0.5 per cent of GDP) in the year-ago period, RBI said Friday. The current account was in...

New Delhi: The Parliamentary Committee on Transport has summoned Boeing executives, Air India representatives, the Civil Aviation Secretary, and DGCA officials for a discussion on air safety issues related to the tragic Boeing Dreamliner crash within seconds of take-off from the Ahmedabad airport. The meeting...