Business

New Delhi: Apple vendor Foxconn has invested USD 1.48 billion or about Rs Rs 12,800 crore in its India unit in the last five days, the company said in a regulatory note. Foxconn has made investment in its Tamil Nadu unit, Yuzhan Technology (India) Private...

Mumbai: The Reserve Bank Monday proposed to ease norms for investments by banks, NBFCs and other regulated entities in Alternate Investment Funds. In December 2023, the central bank had issued guidelines relating to investment by the regulated entities (REs) in Alternative Investment Funds (AIFs), with...

London: Britain’s government said Monday it has struck new agreements with the European Union on boosting defence cooperation, easing food trade and border checks, as the two sides met for the first formal summit since Brexit. Prime Minister Keir Starmer, who met European Commission President...

Beijing: China's economy showed signs of slowing in April as President Donald Trump's trade war took a toll, with retail sales, property and investment coming in weaker than economists had forecast. Industrial production slowed as Trump's painfully high tariffs of up to 145 per cent,...

Mumbai: Benchmark BSE Sensex dropped by 271 points Monday, marking the second straight day of losses due to selling in IT stocks and a weak trend in global markets after rating downgrade of the US by Moody's Ratings. The 30-share BSE barometer declined 271.17 points...

New Delhi: Supreme Court Monday dismissed petitions filed by telecom operators Bharti Airtel, Vodafone Idea (Vi) and Tata Teleservices, seeking waiver of interest and penalties in their adjusted gross revenue (AGR) dues, terming the petitions "misconceived". The ruling came as the government earlier rejected debt-ridden...

New Delhi: India has made notable progress in enhancing its competitiveness and making its manufacturing sector more attractive to global investors, an S&P Global report said on Monday. While manufacturing value added accounts for a modest 17.2 per cent of the country’s real gross domestic...

New Delhi: The Enforcement Directorate (ED) Monday said it has arrested former UCO Bank CMD Subodh Kumar Goel on money laundering charges in an alleged bank loan fraud case of more than Rs 6,200 crore linked to a Kolkata-based company. Goel was arrested from his...

Male: India has signed 13 MoUs with the Maldives for enhancing ferry services in the island nation with an MVR 100 million grant, expanding maritime connectivity and uplifting community livelihoods. The MoUs signed Sunday are for projects to be implemented under the Indian grant assistance...

New Delhi: Stock markets will be mainly driven by quarterly earnings by corporates, foreign fund flows and global trends this week, analysts said. Updates on global trade deals and their impact on world markets will also be closely tracked, experts noted. "As the India-Pakistan conflict...