Business

New Delhi: In a major diplomatic victory for India, the BRICS grouping adopted a consensus joint declaration on Saturday after overcoming sharp divisions between the United Arab Emirates and Tehran regarding the West Asia conflict while notably omitting direct mention of the US for its...

New Delhi: BRICS countries Saturday called for stronger energy security through diversified supply sources, resilient infrastructure and stable energy markets, while acknowledging that fossil fuels will continue to play an important role in the global energy mix, particularly for emerging and developing economies. "We acknowledge...

New Delhi: BRICS leaders Saturday called for a sweeping reform of the global financial architecture to give emerging markets and developing economies a greater voice in the IMF and World Bank, while strongly criticising unilateral tariffs, trade restrictions and economic sanctions. In the New Delhi...

New Delhi: For a bloc that has spent years fuelling speculation about challenging the dollar's dominance, the formal position enunciated in a joint statement after meeting of finance ministers and central bank governors of BRICS nations remains more cautious than the rhetoric of some of...

New Delhi: Markets regulator SEBI Saturday proposed changes to the methodology for calculating expiry-day settlement prices of index and stock derivatives, following a review of the newly introduced closing auction session (CAS) framework. In a consultation paper, SEBI proposed two options for determining the settlement...

New Delhi/Bhubaneswar: India and the UAE Saturday reiterated the significance of their Comprehensive Strategic Partnership and discussed opportunities to enhance cooperation in emerging areas, including defence, space, nuclear energy, technology, and innovation. Prime Minister Narendra Modi and Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed...

New Delhi: Eternal-backed food delivery platform Zomato has begun charging customers an additional fee of Rs 5 to Rs 20 for choosing cash on delivery (COD) as the company seeks to monetise payment methods amid intensifying competition. The 'pay on delivery fee' shown separately on...

Bhubaneswar: Odisha government has secured proposals worth over Rs 2.43 lakh crore across various sectors during its three-day investment outreach in the United Arab Emirates, a statement said Friday. The outreach, led by Chief Minister Mohan Charan Majhi, resulted in 24 Memoranda of Understanding (MoUs)...

Bhubaneswar: Odisha government has identified 185 sites for setting up small hydro power projects, Additional Chief Secretary (Energy) Vishal Kumar Dev said Friday. Speaking on the sidelines of a stakeholder dialogue on small hydro power development in Bhubaneswar, Dev said Odisha, which accounts for nearly...

New Delhi: Iranian President Masoud Pezeshkian Friday called for a stronger shift toward local currencies in BRICS trade, while pitching Iran's geography, energy resources and transport links as a strategic bridge for the bloc's economic connectivity. Speaking at the BRICS Business Forum, Pezeshkian said BRICS...