NEW DELHI: India closed the last fiscal with record goods exports of $441.8 billion, 1% higher than the previous year, despite being weighed down by the West Asia conflict, which took a toll on March exports. Driven by a surge in gold and silver shipments, imports rose 7.5% to $775 billion, resulting in a trade…
MUMBAI/ NEW DELHI: Air India’s mounting losses and operational issues are leading to serious concerns among both its parent groups. Goh Choon Phong, CEO of Singapore Airlines (SIA, which has a 25.1% stake in AI) is in Mumbai and is expected to meet Tata Sons and AI chairman N Chandrasekaran on Thursday.The meeting comes in…
NEW DELHI: While rejecting the US Trade Representative’s claims for section 301 investigations against India, govt has said that concerns should be addressed bilaterally, when negotiations for a trade agreement are underway, and not through unilateral measures.After the setback on reciprocal tariffs in the Supreme Court, the Trump administration had initiated two section 301 probes…
Hyderabad: US-based investment giant Vanguard plans to scale its Hyderabad global capability centre, called Vanguard India, to 1,000 employees by the end of 2026 and to 2,400 by 2029, as the US investment management firm deepens its technology and product capabilities in India.The company launched the India office in Nov 2025 and has already hired…
Hyderabad: Jeh Aerospace has inked a long-term agreement with French aerospace and transportation major Liebherr-Aerospace to manufacture and supply high-precision landing gear components for high-rate commercial single-aisle aircraft.As part of the agreement, Jeh Aerospace will produce these components at its Hyderabad facility, which will now become a part of Liebherr-Aerospace’s global industrial network. The deal…
NEW DELHI: National Highways Authority of India (NHAI) on Wednesday directed all banks issuing FASTags to undertake “immediate” validation of Vehicle Registration Numbers (VRNs) linked to the smart tags issued by them. The banks have been directed to blacklist FASTags that are found linked to incorrect or invalid VRNs.The decision follows receipt of complaints regarding…
India has strongly pushed back against the United States’ Section 301 investigations, rejecting allegations of unfair trade practices and seeking immediate termination of the probes.In its submission to the US Trade Representative (USTR), India “firmly denies all allegations made in the initiation notice” related to claims of excess structural capacity and production in manufacturing sectors,…
Veteran investor Mark Mobius, widely regarded as a pioneer of emerging markets investing, has died at the age of 89, marking the end of a decades-long career that helped shape global investment strategies, according to a Bloomberg report.According to Bloomberg, Mobius died in Singapore, with the news confirmed in a LinkedIn post attributed to his…
Benchmark indices surged sharply on Wednesday, with investors turning bullish as easing oil prices and hopes of renewed US-Iran talks lifted sentiment across sectors.The BSE Sensex jumped 1,263.67 points, or 1.64%, to close at 78,111.24, after rising as much as 1,422.85 points, or 1.85%, during the session. The NSE Nifty climbed 388.65 points, or 1.63%,…
In its latest World Economic Outlook report for April 2026, IMF has actually raised the growth forecast for India. (AI image) India’s high growth and low inflation period has been dealt an oil shock. Since the start of the Middle East conflict and US-Iran war, crude oil prices have crossed $100 per barrel, in effect…