Business

New Delhi: Following a sharp reprimand from India's aviation regulator DGCA, Air India Express on Friday admitted to an error in replacing engine parts on one of its Airbus A320 aircraft and said it has now fixed the issue, along with implementing corrective and preventive...

Karachi: Tech giant Microsoft has announced to shut down its limited operations in Pakistan as part of its global strategy to reduce workforce, which various stakeholders termed Friday as a “troubling sign” for the country's economy. Microsoft, while closing its office in Pakistan Thursday after...

Mumbai/Jajpur: Tata Steel Friday said that it has received a demand notice of Rs 1,902.72 crore from the Deputy Director of Mines in Jajpur, Odisha. The notice relates to an alleged shortfall in the dispatch of minerals from the company’s Sukinda Chromite Block. According to...

New Delhi: Markets regulator SEBI has barred US-based Jane Street Group from the securities markets and directed the group to disgorge unlawful gains of Rs 4,843 crore for allegedly manipulating stock indices through positions taken in derivatives segment. This could be the highest disgorgement amount...

New Delhi: India Friday proposed imposing retaliatory duties under the WTO (World Trade Organisation) norms against the US over American tariffs on automobile sector in the name of safeguard measures. "The proposed suspension of concessions or other obligations would take the form of an increase...

Beijing: China Friday imposed anti-dumping duties on European brandy, most notably cognac produced in France, as trade tensions between Beijing and United States allies continue to rise. The tariffs, effective Saturday, will range from 27.7 per cent to 34.9 per cent, China's Commerce Ministry said....

New Delhi: The Indian team, led by chief negotiator Rajesh Agrawal, has returned from Washington after concluding another round of talks on an interim trade pact, but discussions will continue as certain issues in the agri and auto sectors still need to be resolved, an...

New Delhi: President Donald Trump has announced that the US administration will start sending letters informing trading partners of their tariff rates as soon as Friday, even as negotiations with various countries including India to avoid higher US levies have stretched into the last lap....

New Delhi: Flexport CEO Ryan Petersen has taken a direct swipe at India's business environment, alleging that bureaucratic hurdles and excessive paperwork are stifling the ease of doing business, despite government claims of reform. Petersen, the San Francisco-based founder of the global logistics giant, responded...

New Delhi/Washington: As the US reciprocal tariffs deadline looms, hectic parleys are currently underway in Washington, DC, between officials of India and the US on finalising the proposed interim trade deal in the next couple of days. While New Delhi is seeking greater market access...