Business

Mumbai: Equity benchmark indices Sensex and Nifty ended higher on Wednesday as retail inflation eased to a nearly six-year low of 3.16 per cent in April, creating enough room for the RBI to go for another rate cut in the June monetary policy review. A...

New Delhi: The Union Cabinet Wednesday approved a Rs 3,706 crore semiconductor plant at Jewar in Uttar Pradesh, to be set up by the HCL-Foxconn joint venture to manufacture display driver chips for mobile phones, laptops, and automobiles. The plant will have the capacity to...

New Delhi: The government plans to conduct more stringent reviews of some major investment proposals from Chinese companies to invest in India, which could delay the go-ahead for these ventures, according to an NDTV Profit report. The decision comes in the backdrop of China’s support...

New Delhi: India’s annual rate of inflation based on the Wholesale Price Index (WPI) slowed to a 13-month low of 0.85 per cent in April, down from 2.05 per cent in March and 2.38 per cent in February, according to data released by the Ministry...

Washington: The White House Tuesday announced what it described as “the largest defence sales agreement in US history” — a nearly $142 billion package of arms and military training deals with Saudi Arabia. While the statement provided few specifics, it said the agreements fall into...

Riyadh: President Donald Trump said Tuesday he will move to normalise relations and lift sanctions on Syria's new government to give the country “a chance at peace." Trump was set to meet Wednesday in Saudi Arabia with Syrian President Ahmad al-Sharaa, the onetime insurgent who...

New Delhi: India has "only" reserved its right under WTO norms to impose retaliatory duties on certain American products over the US' steel and aluminum tariffs and it may choose to resolve the issue through the ongoing bilateral trade agreement (BTA) negotiations between the two...

New Delhi: India's proposal to impose retaliatory import duty on certain US products in response to American tariffs on steel and aluminium could cast a shadow over ongoing negotiations for a trade agreement between the two countries, think tank GTRI said Tuesday. The Global Trade...

New Delhi: Retail inflation declined to a nearly six-year low of 3.16 per cent in April, mainly on account of subdued prices of vegetables, fruits, pulses, and other protein-rich items, and remains within the comfort zone of the Reserve Bank. The Consumer Price Index (CPI)...

Mumbai: Stock markets tumbled Tuesday with benchmark Sensex falling by 1,282 points due to profit-taking in IT and FMCG shares a day after a record rally. The 30-share BSE barometer tanked 1,281.68 points or 1.55 per cent to settle at 81,148.22 with 25 of its...