Business

Seoul: HD Hyundai said Sunday it will join hands with India's biggest shipbuilder to bolster South Korea's presence in the global shipbuilding market. HD Korea Shipbuilding & Offshore Engineering Co., HD Hyundai's shipbuilding affiliate, has signed a memorandum of understanding with India's state-owned Cochin Shipyard...

New Delhi: Inequality in India has come down significantly between 2011-12 and 2022-23, making it the fourth-most equal country globally, according to a World Bank report. This is in addition to a sharp decrease in extreme poverty, which has dropped from 16.2 per cent in...

Mumbai: Capital markets regulator Sebi chairman Tuhin Kanta Pandey Saturday made it clear that market manipulation is not going to be tolerated. Speaking with reporters a day after an interim order against New York-based hedge fund manager Jane Street, Pandey said surveillance has been increased...

Bhubaneswar: Odisha government Saturday withdrew the restrictions on three private banks and allowed them to handle state business, according to an official order. The government had June 21 removed HDFC Bank, ICICI Bank, and Axis Bank from the list of empanelled banks due to their...

New Delhi: US authorities have arrested fugitive diamantaire Nirav Modi's younger brother, Nehal Modi, following extradition requests from the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI), officials said Saturday. Nehal Modi, who is the subject of a Red Notice issued by the...

New Delhi/Washington: US President Donald Trump has signed tariff letters on exports from 12 countries, which are expected to be sent out July 7 (Monday). Speaking to the media aboard Air Force One, the US President said the names of the countries which would receive...

Islamabad: Pakistan and Azerbaijan have signed an agreement for investment worth USD 2 billion in diverse sectors of Pakistan's economy. The deal was signed Friday after a bilateral meeting between Prime Minister Shehbaz Sharif and President Ilham Aliyev on the sidelines of the Economic Cooperation...

New Delhi: The government has reduced the toll rates up to 50 per cent for the sections of National Highways that have structures like tunnels, bridges, flyovers or elevated stretches, a move which will lower travelling cost for motorists. User charges at fee plazas on...

Puri: The Expert Appraisal Committee (EAC) under the Ministry of Environment, Forest and Climate Change (MoEF&CC) has recently recommended Environmental Clearance (EC) for the proposed Puri International Airport, a flagship infrastructure project of Odisha government, an official statement said Friday. The EAC has recommended environmental...

New Delhi: India does not enter into any trade agreement based on deadlines and will accept the proposed trade deal with the US only when it is fully finalised, properly concluded and in the national interest, Commerce Minister Piyush Goyal said Friday. He also said...