Business

Mumbai: The rupee fell sharply by 51 paise to settle at 87.23 (provisional) against the US dollar on Tuesday due to month-end dollar demand by importers amid uncertainty over US trade tariffs. Elevated greenback against major crosses and sustained FII outflows also contributed to the...

New Delhi: India, the world's third largest oil-consuming and importing nation, bought crude oil worth 49 billion euros from Russia in the third year of Moscow's invasion of Ukraine, a global think tank said. India, which has traditionally sourced its oil from the Middle East,...

New Delhi: A shallow rate cut cycle of 25-50 bps by the Reserve Bank of India (RBI) is expected, with further liquidity easing measures also possible, to boost growth, a report said Monday. The RBI is projected to cut the repo rate by 25-50 basis...

New Delhi: Retail inflation for farm and rural workers eased slightly to 4.61 per cent and 4.73 per cent, respectively, in January from 5.01 per cent and 5.05 per cent in December 2024, showed the government data released on Monday. The All-India Consumer Price Index...

Mumbai: Indian tech sector's revenues are set to grow 5.1 per cent to USD 282.6 billion in FY25, and likely to climb up further to USD 300 billion in FY26, lobby grouping Nasscom said on Monday. The revenue growth is on the "right trajectory", the...

Mumbai: Falling for the fifth day in a row Monday, equity benchmark BSE Sensex tumbled over 1 per cent to drop below the crucial 75,000 level, tracking a US market trend and unabated foreign fund outflows amid concerns over US tariffs. The 30-share BSE benchmark...

New Delhi: India and the UK Monday discussed to advance the India-UK free trade agreement (FTA) negotiations while ensuring that the pact is balanced, ambitious and mutually beneficial. In a post on X, Commerce and Industry Minister Piyush Goyal said both countries reaffirmed their commitment...

New Delhi: The Supreme Court Monday refused to entertain a plea seeking regulation of Internet prices in the country. A bench of Chief Justice of India Sanjiv Khanna and Justice Sanjay Kumar dismissed the plea filed by one Rajat, saying consumers had multiple options for...

Bhubaneswar: MAS Holdings, a leading apparel manufacturer from South Asia Sunday said the company laid the foundation stone to commence construction for its apparel park at Bhuinpur in Odisha's Khurda district. The ground-breaking ceremony was attended by senior officials of the Odisha government and MAS...

New Delhi: Amid a raging political controversy over USAID's alleged role in influencing Indian elections, the latest annual report of the finance ministry has disclosed that the agency funded seven projects worth USD 750 million in 2023-24. "Currently, seven projects worth a total budget of...