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Engineering exports jump over 70% in March

NEW DELHI: In a major rebound of trade since the onset of the Covid-19 pandemic, exports of engineering goods

No trade with India under current circumstances: Pakistan PM Imran Khan

ISLAMABAD: Prime Minister Imran Khan decided that Pakistan cannot go ahead with any trade with India under the current circumstances...

US labour department seeks public input on determining H-1B wage levels

WASHINGTON: The US department of labour has sought feedback from the public in the next 60 days on determining the wage levels for the...

Rising prices hit households reeling from shrunk budgets

NEW DELHI: Households across the country are facing the onslaught of rising prices and are witnessing a sharp dent in...

Suez Canal must upgrade quickly to avoid future disruption: Shipping sources

CAIRO: Egypt's Suez Canal must move quickly to upgrade its technical infrastructure if it is to avoid future shipping disruption, shipping...

Forex reserves fall by $2.986 billion to $579.285 billion

MUMBAI: The country's foreign exchange reserves declined by $2.986 billion to reach $579.285 billion in the week ended March 26, the Reserve...

What’s in Joe Biden’s $2.3 trillion infrastructure plan?

USA: The infrastructure plan US President Joe Biden will roll out in Pittsburgh on Wednesday includes $2.3 trillion in investments aimed at...

Suez Canal says close to clearing backlog after ship dislodged

CAIRO: The Suez Canal said on Friday it was close to clearing a backlog of shipping that built up when a giant...

Tesla posts record deliveries in first quarter, beats estimates

NEW DELHI: Tesla Inc on Friday posted record deliveries for the January to March quarter, beating Wall Street estimates, as solid demand...

IndiGo introduces door-to-door baggage transfer service

MUMBAI: IndiGo has partnered with CarterPorter, an on-demand platform to launch ‘6EBagport’, to provide door to door baggage delivery service. The service...

India holds world record for fastest road construction: Nitin Gadkari

LUCKNOW: With the construction of a 2.5 km 4-lane concrete road and a 1-lane 25-km bitumen Solapur-Bijapur road within 24 hours, India has made...

RIL gets shareholders, creditors nod for hiving off O2C business into...

NEW DELHI: Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday said it has secured approval of its shareholders and creditors...

Power play: India wields oil ‘weapon’ to cut dependence on Saudi

NEW DELHI: When India’s government last month asked refiners to speed up diversification and reduce dependence on the Middle East - days...

Pioneer’s $6.4 billion deal for DoublePoint accelerates US shale oil consolidation

NEW DELHI: US oil producer Pioneer Natural Resources agreed on Thursday to acquire privately-held rival DoublePoint Energy for about $6.4 billion, speeding...

Surprise recovery in tax collections: Tarun Bajaj

NEW DELHI: Tarun Bajaj is handling two crucial portfolios — economic affairs and revenue — at a time when the economy is recovering from...

In a first, private sector CMD to head board to pick...

CHENNAI: Signalling an overhaul of the appointments process for public sector companies, the government has opted to appoint a private...

Opec+ agrees oil output rise from May, after US call to...

LONDON/DUBAI/MOSCOW: Opec+ agreed on Thursday to gradually ease its oil output cuts from May, after the new US administration called on Saudi...

Petrol, diesel sales jump 27% in March from lockdown base

NEW DELHI: India’s diesel and petrol consumption posted a whopping growth of more than 27% in March from a year ago when...

Government notifies ITR forms for 2020-21, gives option to choose new...

NEW DELHI: The Income Tax department has notified forms for filing I-T returns for 2020-21 fiscal, the Central Board of Direct...

Exports jump 58.23% to record $34 bilion in March; 7.4% dip...

NEW DELHI: The country's exports jumped by 58.23 per cent to $34 billion, the highest ever reached in a month, in March...

Warrants against Nirav Modi’s sister, brother-in-law to be kept in ‘abeyance’:...

MUMBAI: The special Prevention of Money Laundering (Act) court on Thursday said that the non-bailable warrants issued against fugitive Nirav Modi’s Belgium-based...

Investors’ wealth jumps over Rs 2.95 lakh crore on first day...

NEW DELHI: Investors' wealth jumped over Rs 2.95 lakh crore on Thursday, the first day of the new financial year, amid a rally in...

Egypt may seek $1 billion in damages for Suez Canal crisis

NEW DELHI: Egypt said it may seek around $1 billion in compensation after a giant container vessel blocked the Suez Canal for...

Sensex rises 521 points as metal, banking shares shine; Nifty ends...

NEW DELHI: Equity indices jumped on Thursday with the benchmark BSE sensex rising over 500 points, led by gains in metal and banking stocks,...

Reliance Infra sells Santacruz HQ to Yes Bank to settle debt

MUMBAI: Reliance Infrastructure has said that it has sold Reliance Centre – the premises housing the group’s headquarters – to Yes...

India’s annual electricity use down first time in at least 35...

CHENNAI: India's annual electricity use fell for the first time in at least 35 years during the fiscal year to end-March 2021,...

Jet fuel price cut by 3% amid softer global crude rates

NEW DELHI: In the first reduction in rate in two months, jet fuel or ATF price on Thursday was cut...

LPG refill to be cheaper by Rs 10, first price-cut in...

NEW DELHI: Household cooking gas refills, commonly known as LPG cylinders, will become cheaper by Rs10 from tomorrow as a result of...

Government infuses Rs 14,500 crore capital into four public sector banks

NEW DELHI: The government has infused Rs 14,500 crore, mainly into banks that are under the RBI's prompt corrective action framework to improve their...

AAI to levy fines on Covid norm violators at all its...

NEW DELHI: The Airports Authority of India (AAI) has decided to levy fines on travellers violating Covid norms at its airports. The state-run authority,...
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