Latest News, Updates & Breaking Headlines
NEW DELHI: The commerce department is working on measures to provide support to exporters to help them beat the impact of the West Asia conflict as it prioritises shipment of perishables, including by air.Besides, exporters have been asked to look at other markets to minimise the effect of the war in a region which is…
Air travellers, brace yourselves for costlier tickets! You might soon be charged higher amounts for flight fares as the Middle East crisis continues to push fuel prices higher. The conflict has disrupted global oil supplies, and with the summer travel season just around the corner, industry experts say fare hikes are becoming inevitable. However, when…
MUMBAI: The rupee closed at 92.46 on Friday after touching a record low of 92.48, down 27 paise from the previous close of 92.19, as high crude prices and weekend demand for dollars weighed on sentiment. Market participants said currency losses were partly limited by likely central bank intervention.Energy prices remain elevated as the Gulf…
MUMBAI: India’s foreign exchange reserves fell to $716.8 billion in the week ended March 6 from $728.5 billion in the previous week, RBI data showed. The $11.7 billion decline in reserves last week came amid dollar sales of about $6.1 billion by the central bank to support the rupee against pressure stemming from the Iran…
Middle East crisis (AP photo) NEW DELHI: India has announced an extension of visas and a waiver of overstay penalties for foreign nationals stranded in the country due to the ongoing conflict in the Middle East region.The Indian Consulate in Dubai said in a notification that all visas and e-visas that are expiring or due…
NEW DELHI: DCM Shriram said it will receive $90 million from International Finance Corporation, the World Bank Group’s private sector arm, through sustainability-linked non-convertible debentures. Proceeds will fund expansion of its chemicals business. Source link
NEW DELHI: Sadanand Date assumed charge as executive director at Sebi on March 4 to head the investigations department. Date is a 2007-batch IPS officer. Prior to joining Sebi, he was on central deputation to CBI, where he served in several key roles, including SP in the anti-corruption branch. Source link
NEW DELHI: Fitch Ratings on Friday raised India’s GDP growth forecast for current fiscal and the next to 7.5% and 6.7%, and projected global crude oil price to average $70/barrel in 2026. Fitch had, in Dec, projected India’s GDP growth for current fiscal at 7.4%. Source link
Union minister of commerce and industry Piyush Goyal on Friday held talks with Yeo Han-Koo, trade minister of South Korea, to explore ways to strengthen economic ties, boost bilateral investments and deepen supply-chain collaboration between the two countries. The meeting focused on expanding trade engagement and reinforcing the broader economic partnership between India and South…
BENGALURU: Britannia Industries said its manufacturing operations have not faced any significant disruption due to industrial gas supply concerns linked to the conflict in West Asia, issuing a clarification after market rumours triggered enquiries. The company said it has adequate levels of finished goods. Source link
