Business

Mumbai: Rupee fell 39 paise to close at an all-time low of 95.23 against the US dollar Monday, as the ongoing Middle East tensions are causing volatility in global markets, keeping oil prices high and raising fears of inflation and economic slowdown. Forex traders said...

New Delhi: India's cooking gas LPG consumption fell by a steep 16 per cent in April as supply disruptions linked to the West Asia conflict hit availability for both household kitchens and commercial users, according to latest official data. LPG consumption stood at 2.2 million...

Melbourne: The prime ministers of Japan and Australia agreed to deepen cooperation in a wide range of areas, including energy security, defence and critical minerals, as the Iran war threatens global supply chains. Japanese Prime Minister Sanae Takaichi met her Australian counterpart, Anthony Albanese at...

New Delhi: India's manufacturing sector activity witnessed mild recoveries in growth of new business intakes and production, but rates of increase were the second-weakest in nearly four years. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index rose from 53.9 in March to 54.7 in...

Dubai: The United States will launch an effort Monday to "guide" stranded ships from the Iran-gripped Strait of Hormuz, President Donald Trump said, giving few details about a sweeping effort to help hundreds of vessels and some 20,000 seafarers. Trump said in a social media...

New Delhi: A tanker carrying liquefied petroleum gas (LPG) for India has sailed out of the Strait of Hormuz and is now headed towards the country, an official statement said Sunday. The Marshall Islands-flagged LPG carrier MT Sarv Shakti, loaded with 46,313 tonnes of LPG...

Karachi: Pakistan has approved the export of donkey meat to China after a Chinese company warned it could shut operations, prompting intervention by the prime minister's office. The dispute involves the Hangeng Trade Company operating in Gwadar, a port city central to China-backed projects, where...

New Delhi/Mumbai: As headwinds persist for the loss-making Air India, its board is expected to discuss cost-saving plans, selection of the next CEO, financials, and other issues during the meeting scheduled for May 7, according to sources. Headwinds for the Air India Group, which is...

New Delhi: The UAE General Civil Aviation Authority has announced the full resumption of normal air navigation operations within UAE airspace and the lifting of temporary precautionary measures, and consequently, Indian and UAE carriers have started operating more flights from the UAE to various destinations...

New Delhi: Stock markets are likely to be guided this week by the outcome of state elections and high crude oil prices amid the West Asia conflict, say analysts. The developments related to the West Asia conflict and the Strait of Hormuz will also be...