Business

New Delhi: After US President Donald Trump claimed that India has stopped purchasing Russian oil, government sources Saturday clarified there is no such pause on the oil imports from Russia. According to government sources, “India's energy purchases are driven by national interests and market forces....

Islamabad: Pakistan received a USD 5 billion offer from multinational donors and agencies to execute the multibillion-dollar Reko Diq copper and gold mining project in the Balochistan region, according to a media report. The commitments received from foreign donors were more than the funding requirement...

New York/Washington: US President Donald Trump Saturday said he has heard that India is no longer going to buy oil from Russia, which he hailed as a "good step" but added that he wasn't sure about the development. “Well, I understand India no longer is...

Washington: For weeks, President Donald Trump was promising the world economy would change Friday with his new tariffs in place. It was an ironclad deadline, administration officials assured the public. But when Trump signed the order Thursday night imposing new tariffs, the start date of...

New Delhi: A Look Out Circular (LOC) was reportedly issued Friday against Anil Dhirubhai Ambani Group (ADAG) Chairman Anil Ambani, on the request of the Enforcement Directorate (ED), in connection with an alleged Rs 17,000-crore loan fraud case. Anil Ambani has been asked to appear...

New York: Stocks slumped in morning trading on Wall Street Friday and Treasury yields fell sharply after the government reported a sharp slowdown in hiring last month. Markets are also reacting to the latest tariff news. President Donald Trump once again extended the date at...

New Delhi: The negotiations between India and the US are still going on for an interim trade deal, though there will be no compromise on the red lines with regard to duty concessions on agriculture items, dairy, and genetically modified (GM) products, sources said Friday....

New Delhi: The imposition of a 25 per cent US tariff will impact about half of India's over USD 86 billion worth of exports to America, government sources said Friday. The sectors which could bear the brunt of 25 per cent duty include textiles/ clothing...

New Delhi: Amid softening demand in the domestic market, Maruti Suzuki India Friday reported a marginal increase in vehicle dispatches to dealers in July while Tata Motors and Hyundai Motor India saw their sales dip. Other major players Mahindra & Mahindra and Kia India reported...

New Delhi: India sources its oil purchases based on global market offerings to meet its energy needs, Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said on Friday. In response to a question, he also said that India-Russia bilateral relations are on a strong footing....