Business

New Delhi: Rising tensions in the Middle East following attacks by the US and Israel on Iran are expected to disrupt trade flows, push up freight and insurance costs, delay cargo shipments, and drive a surge in global oil prices, thereby increasing India's import bill,...

New Delhi: As many as 225 international flights were cancelled at Mumbai and Delhi airports Sunday due to operational disruptions in the wake of the US and Israel attacks on Iran and the subsequent closure of airspaces in the Gulf region. Of the 225 flights,...

New Delhi: India is expected to face oil price volatility and broader macroeconomic effects from the escalating Iran crisis, analysts said, adding the country's oil supply chain does not yet face structural insecurity. Rising tensions around the Strait of Hormuz - through which a significant...

Frankfurt: Oil markets currently closed for the weekend are set to see price swings next week as the impact from the US and Israeli strikes on oil supplies from the Middle East remains unclear. Scenarios before the latest conflict with Iran foresaw a quick price...

New Delhi: Air India, Air India Express and IndiGo Saturday suspended flights to and from the Middle East following escalating tensions after the United States and Israel launched coordinated attacks on Iran. Air India said it has suspended all flights to all destinations in the...

New Delhi: The United States Department of Defence has decided to deploy OpenAI’s artificial intelligence models on its classified network, even as it distances itself from Anthropic over disagreements on AI safety and military use, OpenAI chief Sam Altman said Saturday. Altman confirmed the development,...

Mumbai: India and the European Union have agreed to give each other Most-Favoured-Nation (MFN) treatment for five years after their proposed free trade agreement (FTA) comes into force. The move is aimed at ensuring fair and equal treatment in trade in services between both sides....

Mumbai: Benchmark Sensex tanked 961 points while the broader Nifty settled below 25,200 Friday due to fresh foreign fund outflows and subdued global trends amid rising geopolitical risks. The 30-share BSE Sensex tanked 961.42 points or 1.17 per cent to settle at 81,287.19. During the...

New Delhi: The economic growth projection for the next fiscal is revised upwards by 20 basis points to 7-7.4 per cent following the release of new GDP series, Chief Economic Advisor V Anantha Nageswaran said Friday. The Economic Survey presented in Parliament in January had...

New Delhi: India's GDP growth estimate has been raised to 7.6 per cent for the current fiscal from 7.4 per cent after the government revised the calculation methodology, including change in base year and adding data from GST and e-Vahan portal, to better reflect economic...