Business

Mumbai: India's current account deficit widened to USD 4.2 billion, or 0.5 per cent of GDP, in the first quarter of the fiscal year from USD 3.4 billion a year ago, as the merchandise trade deficit rose sharply amid the West Asia conflict. According to...

New Delhi: Centre Tuesday further tightened the stock holding limit for sugar dealers, cutting it from 4,000 quintals to 2,000 quintals, effective from September 15 to November 30, as it looked to rein in high retail prices of the sweetener. The stock holding limit of...

Bishkek: India on Tuesday highlighted several key outcomes from the Shanghai Cooperation Organisation (SCO) summit, including measures to strengthen security cooperation and tackle transnational threats such as terrorism and extremism. The Ministry of External Affairs (MEA) listed 13 outcomes, one of which was the approval...

New Delhi: The United Forum of Bank Unions (UFBU) has decided to go on a nationwide strike September 11 over the delay in implementing five-day banking, differences over the performance-linked incentive scheme, and several pending demands, including pension-related issues. If the strike materialises, banking services,...

New Delhi: Passenger vehicle sales in India are estimated to have risen around 35 per cent to about 4.5 lakh units in August, riding on the back of robust growth posted by the likes of Maruti Suzuki India, Tata Motors Passenger Vehicles and Mahindra &...

Mumbai: Market benchmark indices Sensex and Nifty ended marginally lower Tuesday as elevated crude oil prices and fresh US-Iran tensions weighed on investor sentiment. Growing expectations that the US Federal Reserve could keep monetary policy tighter for longer are also weighing on risk appetite across...

Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi will lead a high-level delegation to the United Arab Emirates (UAE) to attract foreign investment, with a series of investment meetings scheduled in Dubai September 8 and 9 to boost foreign direct investment (FDI) The delegation will include...

New Delhi: An IndiGo flight from Goa to Delhi made an emergency return to Goa Tuesday after it faced a “technical issue”. Flight number '6E 2102' departed North Goa at 9:16 am but soon turned back after the crew reported a "technical issue". Air Traffic...

New Delhi: India's manufacturing sector growth slipped to five-year low of 52.8 in August as output and new orders moderated amid softer demand conditions, a monthly survey said Tuesday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) declined from 53.5 in July to...

New Delhi: US-based technology giant Apple Tuesday formally ushered in a new leadership era as John Ternus took over as chief executive officer (CEO), succeeding Tim Cook -- who led the world's most valuable technology company for 15 years. Ternus becomes Apple's CEO effective September...