Business

Milan: Energy and environment ministers of the Group of Seven leading industrialized nations committed Tuesday to phase out coal power by 2035, marking the first time the G7 has explicitly referenced a phase-out, but left flexibility for countries heavily reliant on coal. The final communique...

Seoul: Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips. The South Korean semiconductor and smartphone giant said its operating profit for...

Kendrapara: With the lone chick-producing farm located inside the veterinary hospital here lying closed for the last 12 years, poultry business in Kendrapara district has slipped into the hands of big companies. These big companies, who own or control everything except the farms, call the...

Mumbai: The Reserve Bank of India (RBI) Monday directed banks and NBFCs to immediately review their practices to ensure that they are fair and transparent in the interest they charge customers as several instances have been detected where excessive interest has been charged on loans....

Beijing: In a big relief for Tesla, its vehicles passed the key test of compliance with China's data security rules as its billionaire CEO Elon Musk who air dashed to Beijing Sunday met Premier Li Qiang to press for all clear approval for his cars...

Islamabad: Pakistan Prime Minister Shehbaz Sharif has met IMF chief Kristalina Georgieva and discussed a new loan programme for the cash-strapped country to put the economy back on track. In a meeting on the sidelines of the World Economic Forum (WEF) Special Meeting in Riyadh,...

Mumbai: Equity markets are impacted more by the expectations of future monetary policy than the policy rate surprises on the day of announcement of the policy by the Reserve Bank, said an analysis. According to a working paper prepared by RBI officials, the regulatory and...

New Delhi: Tesla CEO Elon Musk has made an "unannounced and surprising" visit to Beijing, according to a media report Sunday. Musk's visit has raised hopes for bringing Tesla's autopilot and supervised full self-driving (FSD) technology to China, known to be the electric vehicle maker’s...

New Delhi: The combined market valuation of six of the top-10 most valued firms increased Rs 1,30,734.57 crore last week, with State Bank of India and ICICI Bank emerging as the biggest gainers in line with an overall positive trend in equities. Last week, the...

New Delhi: Foreign investors pulled out domestic equities worth Rs 6,300 crore in April on concerns over tweaks in India's tax treaty with Mauritius and sustained rise in US bond yields. This came following a whopping net investment of Rs 35,098 crore in March and...