Business

Islamabad: Pakistan and Iran agreed Sunday to increase bilateral trade to USD 8 billion annually, taking advantage of their geography and the “discount of distance,” as trade ministers from the two countries held discussions to deepen economic and political ties. The agreement was reached during...

New Delhi: Union Textiles Minister Giriraj Singh will meet industry stakeholders next week to deliberate upon the potential impact of US President Donald Trump's announcement to impose a 25 per cent tariff on India and seek their views on the issue, according to sources. The...

New Delhi: The combined market valuation of seven of the 10 most valued firms eroded by Rs 1.35 lakh crore last week, with Tata Consultancy Services (TCS) taking the biggest hit. Last week, the BSE benchmark tanked 863.18 points or 1.05 per cent. TCS, Bharti...

New Delhi: India's annual oil import bill could rise by USD 9-11 billion if the country is compelled to move away from Russian crude in response to US threats of additional tariffs or penalties on Indian exports, analysts said. India, the world's third-largest oil consumer...

New Delhi: Indian exporters from various sectors, including food, marine, and textiles, have sought financial assistance and affordable credit from the government to cope with the 25 per cent Trump tariff, industry officials said. In a meeting with Commerce and Industry Minister Piyush Goyal in...

New Delhi: India has toughened its stance on extending duty concessions on agri products, dairy and GM foods in the proposed bilateral trade agreement (BTA) with the US. With the US not able to finalise a deal with India so far, US President Donald Trump...

New Delhi: After US President Donald Trump claimed that India has stopped purchasing Russian oil, government sources Saturday clarified there is no such pause on the oil imports from Russia. According to government sources, “India's energy purchases are driven by national interests and market forces....

Islamabad: Pakistan received a USD 5 billion offer from multinational donors and agencies to execute the multibillion-dollar Reko Diq copper and gold mining project in the Balochistan region, according to a media report. The commitments received from foreign donors were more than the funding requirement...

New York/Washington: US President Donald Trump Saturday said he has heard that India is no longer going to buy oil from Russia, which he hailed as a "good step" but added that he wasn't sure about the development. “Well, I understand India no longer is...

Washington: For weeks, President Donald Trump was promising the world economy would change Friday with his new tariffs in place. It was an ironclad deadline, administration officials assured the public. But when Trump signed the order Thursday night imposing new tariffs, the start date of...