Business

Hong Kong: China's Commerce Ministry said Tuesday it was banning dealings by Chinese companies with five subsidiaries of South Korean shipbuilder Hanwha Ocean in the latest swipe by Beijing at US President Donald Trump's effort to rebuild the industry in America. The ministry also announced...

San Francisco:  OpenAI said Monday it is working with chipmaker Broadcom to design its own artificial intelligence computer chips. The two California companies didn't disclose the financial terms of the deal but said they will start deploying the new racks of customised “AI accelerators” late...

New Delhi: Wholesale price inflation (WPI) softened to 0.13 per cent in September on easing in prices of food articles, fuel and manufactured items, government data showed on Tuesday. WPI-based inflation was 0.52 per cent in August and 1.91 per cent in September last year....

New Delhi: In a significant development before Diwali, the Employees’ Provident Fund Organisation (EPFO) in a meeting on Monday decided to allow withdrawal of up to 100 per cent of the ‘eligible balance’ in the PF account, including employee and employer share. The decision was...

New Delhi: India and Canada Monday unveiled an ambitious roadmap to boost cooperation in areas of trade, critical minerals and energy as Canadian Foreign Minister Anita Anand met Prime Minister Narendra Modi and External Affairs Minister S Jaishankar as part of efforts to rebuild ties...

Karachi: The Pakistan Stock Exchange crashed Monday in the wake of military action in Afghanistan and countrywide protests by an extremist religious party, creating uncertainty among investors. The KSE-100 index plunged nearly 3,000 points at the opening, falling to 160,126 from Friday's close of 163,000,...

New Delhi: India and the US are making headway in their negotiations to conclude the first tranche of the proposed Bilateral Trade Agreement (BTA) as a team of Indian officials is likely to leave for Washington, DC, this week for further talks on the issue....

Stockholm: Joel Mokyr, Philippe Aghion and Peter Howitt won the Nobel Memorial Prize in economics Monday for “having explained innovation-driven economic growth.” Mokyr is from Northwestern University, Aghion from the College de France and the London School of Economics, and Howitt from Brown University. The...

Chennai: The manufacturing licence of Tamil Nadu-based Sresan Pharmaceutical company, involved in making the adulterated cough syrup Coldrif, has been completely revoked, and the company has been ordered to shut down, the state government informed Monday. The state Drug Control Department officials had found during...

New Delhi: A team of senior officials from India will visit the US this week for trade talks and negotiations on the proposed bilateral trade agreement are progressing well, a top official said Monday. In February this year, leaders of the two countries directed officials...