Business

Mumbai: The rupee depreciated 47 paise to close at 95.73 (provisional) against the US dollar Tuesday, on renewed geopolitical tensions in West Asia and a rise in crude oil prices. Forex traders said a strong US dollar and weak domestic markets also pressured the rupee....

Mumbai: Gas distributor Indraprastha Gas Limited (IGL) Tuesday announced a fresh increase in compressed natural gas (CNG) prices, marking the fourth hike in less than two weeks. CNG prices in Delhi have been hiked by Rs 2 per kg. Following the latest revision by IGL,...

New Delhi: OpenAI CEO Sam Altman Tuesday said the rapid rise of artificial intelligence is unlikely to trigger the kind of global jobs apocalypse that many feared, admitting that his earlier concerns about massive white-collar job losses may have been overstated. Speaking at a conference...

Bhubaneswar: Odisha could attract investments worth Rs 25,000-30,000 crore in the power sector over the next six to 12 months after the state moved to align with the Centre's policy on concessional power allocation from thermal plants, an industry body official said. The state government...

New Delhi: India and the US Tuesday firmed up a key framework for cooperation in ensuring steady supplies of critical minerals, a move that comes amid growing concerns over China's export controls on rare earth elements and strategic metals vital for global technology supply chains....

New Delhi: The Quad grouping Tuesday expanded cooperation in critical minerals and energy while unveiling new measures to boost maritime surveillance and port infrastructure across the Indo-Pacific against the backdrop of China's growing military posturing in the region. The new measures were announced following a...

New Delhi: India and Canada are looking at concluding the negotiations for a free trade agreement by end of this year, Commerce and Industry Minister Piyush Goyal has said. Goyal is in Canada for a three-day official visit, starting May 25. "Our Prime Minister's have...

New Delhi: Foreign Secretary Vikram Misri Monday received a call from Iran's Deputy Foreign Minister for Political Affairs, Majid Takht Ravanchi, during which they discussed the ongoing developments in the region and also reviewed the bilateral cooperation. “Foreign Secretary Vikram Misri received a call from...

Colombo: India has surpassed the UK to emerge as Sri Lanka's second-largest export market in January-April this year, the Export Development Board said here today. The US remains the island country's largest export market. "India has consolidated its position as Sri Lanka's second-largest export destination,...

New Delhi: Government-owned oil marketing companies -- Indian Oil, Hindustan Petroleum and Bharat Petroleum -- are still losing around Rs 600 crore a day despite the increase in petrol and diesel prices announced  May 25, a senior government official said Monday. This is the fourth...