Business

Mumbai: Stock markets declined for the third day Monday, with benchmark indices Sensex and Nifty tumbling nearly 1 per cent following heavy selling in Kotak Mahindra Bank and uncertainty related to the India-US trade deal. The 30-share BSE Sensex tanked 572.07 points or 0.70 per...

New Delhi: Billionaire Elon Musk-led satellite communication services provider Starlink can have only 20 lakh connections in India, Union Minister Pemmasani Chandra Sekhar said on Monday, playing down the threat to state-run BSNL and other telecom players. The Minister of State for Telecom was speaking...

Washington: When top US and Chinese officials meet in Stockholm, they are almost certain to agree to at least leaving tariffs at the current levels while working toward a meeting between their presidents later this year for a more lasting trade deal between the world's...

Edinburgh: The United States and the European Union agreed Sunday to a trade framework setting a 15% tariff on most goods, staving off — at least for now — far higher imports on both sides that might have sent shockwaves through economies around the globe....

Brussels: A senior European lawmaker has sharply criticised a draft trade agreement between the European Union (EU) and the United States, warning that it could undermine the bloc's economic stability and job security. Bernd Lange, chair of the European Parliament's Committee on International Trade, described...

Bhubaneswar: With a forward-looking, policy-driven approach, Odisha is making strategic strides to revitalise its maritime sector. Spearheaded by the Odisha Maritime Board and led by the Commerce & Transport department, the state is focusing on modernising and expanding key ports. These initiatives aim to build...

New Delhi: Stock markets are in for an event-heavy week ahead with a raft of Q1 earnings from blue-chips, the US Fed interest rate decision and foreign investors trading activity driving investors' sentiment, analysts said. Macroeconomic data announcements, monthly auto sales numbers and global market...

New Delhi: India's top IT services firms delivered single-digit revenue growth in April-June, capping off a mixed, somewhat-sobering quarter as macroeconomic instability and geopolitical tensions weighed on global tech demand and delayed client decisionmaking. Management commentary painted a mixed picture, caution prevailed, yet industry CEOs...

New Delhi: The combined market valuation of 6 of the top-10 most valued firms diminished by Rs 2.22 lakh crore last week, with Reliance Industries taking the biggest hit, in-line with a bearish trend in equities. Last week, the BSE benchmark gauge declined by 294.64...

New Delhi: India's largest IT services firm, Tata Consultancy Services (TCS), is set to lay off about 2 per cent, or 12,261 employees, of its global workforce this year, with the majority of those impacted belonging to middle and senior grades. As of June 30,...