Business

Washington: The United States Wednesday ruled out granting any further exemption from sanctions for the purchase of Russian or Iranian oil. US Treasury Scott Bessent made the announcement at a press conference at the White House. We will not be renewing the general license on...

Washington: India’s strong economic growth is helping cushion fiscal pressures, but risks from subsidies and elevated debt remain, the International Monetary Fund (IMF) said. “Strong growth makes life much easier. It can’t be much in a better position if they were growing as India is...

Karachi: Pakistan's Central Bank has legalised the use of virtual assets, including cryptocurrencies, by introducing the Virtual Assets Act 2026, marking one of the biggest changes in the country's digital financial landscape in recent years. Under the new law, the State Bank of Pakistan has...

Islamabad: Pakistan's skewed foreign reserves got a major boost after Saudi Arabia pledged an additional USD 3 billion in deposits while extending its existing USD 5 billion facility for a further three years. Pakistan's Finance Minister Muhammad Aurangzeb made the announcement in Washington while speaking...

New Delhi: The country's merchandise exports dropped 7.44 per cent to USD 38.92 billion in March, according to government data released Wednesday. Imports too dipped by 6.51 per cent to USD 59.59 billion last year from USD 63.75 billion recorded in the year-ago month, reflecting...

New Delhi: Wholesale price inflation rose for the fifth straight month, at 3.88 per cent in March, driven by a sharp spike in rates of fuel, power and manufactured items amid the West Asia crisis, government data showed Wednesday. Wholesale Price Index (WPI)-based inflation was...

Jiban Kumar Badu is the visionary Managing Director of Orissa Transformers Pvt Ltd (OTPL), a cornerstone of Odisha’s power infrastructure sector. With over 37 years of profound industrial expertise, he has transformed OTPL into a leading manufacturer of high-quality electrical transformers. Starting his own business...

Washington: India's economy is expected to grow a tad faster at 6.5 per cent in 2027 despite escalating tensions in West Asia, the International Monetary Fund (IMF) said Tuesday. The 6.5 per cent growth projection makes India the fastest-growing major economy in 2026. "For 2026,...

New Delhi: Domestic passenger vehicle dispatches to dealers increased by 16 per cent (year-on-year) to 4,42,460 units in March, driven by improved demand and inventory build-up at dealerships, according to data released by the Society of Indian Automobile Manufacturers (SIAM) Tuesday. Passenger vehicle wholesales had...

Mumbai: Amid concerns over attrition, India Inc expects hiring to remain focused on mid-level roles, with salary hikes likely to stay moderate at around 5-10 per cent in 2026-27, a report said Tuesday. Hiring demand is expected to be concentrated at the mid-level, with 49...