Business

New Delhi: A Look Out Circular (LOC) was reportedly issued Friday against Anil Dhirubhai Ambani Group (ADAG) Chairman Anil Ambani, on the request of the Enforcement Directorate (ED), in connection with an alleged Rs 17,000-crore loan fraud case. Anil Ambani has been asked to appear...

New York: Stocks slumped in morning trading on Wall Street Friday and Treasury yields fell sharply after the government reported a sharp slowdown in hiring last month. Markets are also reacting to the latest tariff news. President Donald Trump once again extended the date at...

New Delhi: The negotiations between India and the US are still going on for an interim trade deal, though there will be no compromise on the red lines with regard to duty concessions on agriculture items, dairy, and genetically modified (GM) products, sources said Friday....

New Delhi: The imposition of a 25 per cent US tariff will impact about half of India's over USD 86 billion worth of exports to America, government sources said Friday. The sectors which could bear the brunt of 25 per cent duty include textiles/ clothing...

New Delhi: Amid softening demand in the domestic market, Maruti Suzuki India Friday reported a marginal increase in vehicle dispatches to dealers in July while Tata Motors and Hyundai Motor India saw their sales dip. Other major players Mahindra & Mahindra and Kia India reported...

New Delhi: India sources its oil purchases based on global market offerings to meet its energy needs, Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said on Friday. In response to a question, he also said that India-Russia bilateral relations are on a strong footing....

New Delhi: India Friday brushed aside US President Donald Trump's diatribe against it, saying the partnership between the two countries "weathered" several transitions and challenges. The comments by the Ministry of External Affairs (MEA) came a day after Trump imposed 25 per cent tariff on...

Mumbai: Equity benchmark indices Sensex and Nifty declined sharply for the second straight session Friday, tracking deep losses in metal, IT and telecom stocks amid trade-related concerns and widespread selling pressure in global markets. Besides, persistent selling by foreign investors added to the gloom, according...

Mumbai: India's manufacturing sector growth strengthened in July to a 16-month high of 59.1, supported by faster increases in new orders and output amid favourable demand conditions, a monthly survey said on Friday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index rose from 58.4...

Bhubaneswar: Enforcement Directorate (ED) Friday conducted searches at multiple locations linked to Odisha-based firm, M/s Biswal Tradelink Pvt. Ltd., its directors, in Bhubaneswar and Kolkata in connection with a fake bank guarantee scam case. As per the ED sources, on the basis of a case...