Business

New Delhi: Union telecom minister Jyotiraditya Scindia on Tuesday said investment in India at present makes economic sense for every original equipment manufacturer, as he cited the example of US smart devices major Apple's decision to source majority of the iPhones sold in the US...

New Delhi: Moody's Ratings Tuesday cut India's GDP growth projections for 2025 to 6.3 per cent, from 6.5 per cent, saying economies globally will see a slowdown on account of heightened US policy uncertainty and trade restrictions. In its Global Macro Outlook 2025-26 (May update),...

New Delhi: India's service sector activity accelerated slightly in April largely driven by a quicker increase in new order inflows, which also underpinned a faster expansion in employment, a monthly survey said Tuesday. The seasonally adjusted HSBC India Services PMI Business Activity Index reached 58.7...

New Delhi: The corporate affairs ministry has ordered a probe into the affairs of crisis-hit Gensol Engineering and BluSmart Mobility for alleged violations of companies law, according to officials. Gensol Engineering came under the regulatory scanner for alleged fund diversions and corporate governance lapses after...

New Delhi: The Reserve Bank of India (RBI) had 879.59 metric tonnes (MT) of gold at the end of March 2025, of which 511.99 metric tonnes were held domestically, the Central Bank informed Monday. While 348.62 metric tonnes of gold were kept in safe custody...

Mumbai: Benchmark BSE Sensex climbed nearly 295 points to close at an over four-month high Monday following sustained foreign fund inflows and a sharp correction in global crude oil prices. Rising for the second in a row, the 30-share BSE barometer gained 294.85 points or...

New Delhi: Leading global airlines Air France and Lufthansa have stopped flying over Pakistani airspace to ensure the safety of the flights amid rising tensions in the region, after the Pakistan-sponsored terror attack claimed the lives of 26 people in Jammu and Kashmir's Pahalgam. Air...

New Delhi: Moody's Ratings Monday said sustained escalation of tensions between India and Pakistan will not have any major economic disruption in the country, but will be a setback for Islamabad as its forex reserves could come under pressure and weigh on growth. In its...

New Delhi: Parameswaran Iyer, Executive Director at the World Bank, has been temporarily entrusted with the responsibility of being India's nominee director on the board of International Monetary Fund (IMF) ahead of a crucial May 9 meeting, sources said. Iyer's nomination was necessitated to fill...

New Delhi: Overall automobile retail sales in India grew a modest 2.95 per cent in April this year to 22,87,952 units with the completion of purchases by customers around Chaitra Navratri, Akshay Tritiya, Bengali New Year, Baisakhi and Vishu helping April end on a positive...