Business

Brussels: The Belgian Federal Public Service (FPS) of Justice Monday confirmed the arrest of fugitive diamantaire Mehul Choksi, who is wanted in connection with the Punjab National Bank (PNB) loan fraud case in India, revealing that the Indian authorities have already introduced an extradition request...

New Delhi: Drugmaker Dr Reddy's Laboratories is allegedly reducing its workforce costs by nearly 25 per cent, and also laying off employees earning above Rs 1 crore yearly, according to media reports. The company reportedly has also offered voluntary retirement to employees aged 50-55 within...

New Delhi: India Sunday carried out a successful trial of a laser-directed energy weapon system, joining a select group of nations having the new-age armament used to bring down hostile drones and unmanned aircraft. The Defence Research and Development Organisation (DRDO) said the weapon system...

New Delh: Hariprasad SV, the whistle-blower in the multi-crore Punjab National Bank (PNB) scam, has welcomed the arrest of fugitive diamantaire Mehul Choksi in Belgium and strongly urged Indian authorities to ensure his extradition, warning that failure to do so would mean a 'national failure'....

New Delhi: The commerce and industry ministry will allocate a major part of the second Rs 10,000 crore Fund of Funds Scheme (FFS) for startups to budding entrepreneurs in sectors such as new-age technology, artificial intelligence, and machine building, an official said. In the Budget,...

Bangkok: China's exports jumped 12.4 per cent in March from a year earlier as companies rushed to beat increases in US tariffs imposed by US President Donald Trump, the government said Monday. Imports fell 4.3 per cent, the customs administration reported. It said exports from...

New Delhi: Stock markets will be driven by further developments on the US-China tariff war front along with quarterly earnings announcements from IT majors Wipro and Infosys in a holiday-shortened week, analysts said. Global market trends and trading activity of foreign investors would also dictate...

Washington: A day after the US exempted electronics imports, including semiconductors, from reciprocal tariffs, Commerce Secretary Howard Lutnick Sunday said that the country is set to launch "separate tariffs" for imports of smartphones, computers, semiconductors, and other components in the next one to two months....

New Delhi: Export of iPhones, smartphones, tablets, laptops from India to the US will be cheaper by 20 per cent compared to those shipped from China following the exemptions given by the Trump administration, industry body ICEA said Sunday. The US government Saturday amended its...