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Rupee skids towards record low again on corporate dollar demand

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MUMBAI: The rupee inched closer to record low against the greenback on Thursday, as climbing oil prices eroded sentiment, while traders pointed to corporate...

India, Indonesia debt outperforms China despite global selloff

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NEW DELHI: Indian and Indonesian bonds are offering shelter from extreme volatility in global markets. The two countries’ sovereign debt only lost 0.4% and...

Akasa Air performance ‘satisfying’ in first 60 days: CEO

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NEW DELHI: Akasa Air CEO Vinay Dube on Thursday said the airline's performance in the first 60 days since starting operations has been "satisfying"....

WTO cuts global trade forecast for 2023 to 1%

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NEW DELHI: The growth in world trade is expected to slow down to one per cent in 2023, due to global uncertainties, according to...

Sept services growth slumped to 6-month low on cooling demand: Report

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BENGALURU: Growth in India's services industry slumped in September to a six-month low, led by a substantial easing in demand amid high inflation, a...

Bond yields climb on index inclusion push back, oil price rise

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MUMBAI: Indian government bond yields jumped in early trading on Thursday after the country was not immediately included in J.P. Morgan's emerging market index...

Copycat menace rises for heritage brands

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MUMBAI: Brands not only have to constantly innovate to stay relevant and vibrant, they are also having to thwart efforts of smaller companies who...

Government amends credit scheme to help airlines stay afloat

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NEW DELHI: In a lifeline for struggling-to-survive Indian carriers, the government has modified the emergency credit line guarantee scheme (ECLGS) to enhance the maximum...

Exporters fear liquidity hit after GST exemption ends

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NEW DELHI: The government’s move to withdraw the GST exemption on export freight at the start of the month has made exporters nervous as...
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