Business

Mumbai: Equity benchmark indices Sensex and Nifty declined sharply for the second straight session Friday, tracking deep losses in metal, IT and telecom stocks amid trade-related concerns and widespread selling pressure in global markets. Besides, persistent selling by foreign investors added to the gloom, according...

Mumbai: India's manufacturing sector growth strengthened in July to a 16-month high of 59.1, supported by faster increases in new orders and output amid favourable demand conditions, a monthly survey said on Friday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index rose from 58.4...

Bhubaneswar: Enforcement Directorate (ED) Friday conducted searches at multiple locations linked to Odisha-based firm, M/s Biswal Tradelink Pvt. Ltd., its directors, in Bhubaneswar and Kolkata in connection with a fake bank guarantee scam case. As per the ED sources, on the basis of a case...

New Delhi: Fitch Ratings Friday cut India's GDP projections for the current fiscal to 6.3 per cent and said it expects a limited direct impact of higher US tariffs on Indian corporates. In its Global Economic Outlook in April, Fitch had estimated India's GDP growth...

New Delhi: The USA's decision to impose a 25 per cent tariff on all Indian-origin goods effective August 7 could severely hit the country's exports to America, think tank GTRI said Friday. According to an analysis of the White House's executive order by the Global...

Washington: US trade partners reacted Friday to President Donald Trump's executive order that would introduce new tariffs on many of them in seven days, as the global economy and alliances face a fresh test from the president's trade agenda. Trump's order issued Thursday night came...

Mumbai: The Directorate of Enforcement (ED) has summoned Anil Ambani, chairman and managing director of Reliance Group (RAAGA companies), for questioning in connection with its ongoing probe into an alleged Rs 17,000-crore loan fraud case. Anil Ambani has been asked to appear at the ED...

New York: As the deadline for tariffs neared, US President Donald Trump imposed the threatened tariff of 25 per cent on India starting Friday as the prolonged negotiations appeared to have stalled. His executive order, issued late Thursday, did not include penalty tariffs on buying...

New Delhi: US President Donald Trump Wednesday announced the imposition of a 25 per cent additional import duty plus penalty on goods imported from India. The duty will come into effect from August 1. The unspecified penalty was imposed on India for purchasing crude oil...

New York: The Trump administration has sanctioned six Indian companies for their "significant" sales and purchases of Iranian-origin petrochemical products. "The Iranian regime continues to fuel conflict in the Middle East to fund its destabilising activities. Today, the United States is taking action to stem...