Business

New Delhi: India and Canada have launched negotiations for a free trade agreement and look to finalise the pact soon, an official statement said Monday. The pact is officially known as the Comprehensive Economic Partnership Agreement (CEPA). The Terms of Reference (ToR) for the agreement...

Bangkok: Military strikes on Iran rattled global markets Monday, with US futures following markets in Europe and Asia lower. Energy prices rose sharply. Futures for the S&P 500 and Dow Jones Industrial Average each sank about 1 per cent. The price of a barrel of...

Mumbai: India's current account deficit (CAD) rose to USD 13.2 billion, or 1.3 per cent of GDP, in the December quarter from USD 11.3 billion in the year-ago period, mainly due to a higher trade deficit caused by a decline in exports to the US,...

New Delhi: As military conflict in the Middle East escalates, India's Oil Ministry Monday said it is continuously monitoring the evolving situation and will take all necessary steps to ensure availability and affordability of key petroleum products in the country. India imports 88 per cent...

New Delhi: Retirement fund body EPFO, for the third year in a row, fixed the interest rate on employees' provident fund deposits at 8.25 per cent for 2025-26, a labour ministry statement said Monday. In February last year, the EPFO had retained the rate of...

New Delhi: India's industrial production growth decelerated to a three-month low of 4.8 per cent in January, pulled down by subdued performance in the mining and manufacturing sectors, according to official data released Monday. The factory output, measured in terms of the Index of Industrial...

New Delhi: India and Canada have agreed to expand their bilateral trade to USD 50 billion by 2030, Prime Minister Narendra Modi said Monday. The bilateral trade between the two countries stood at around USD 8 billion during the January-October period of 2025. "We want...

Mumbai: Stock market benchmark indices Sensex and Nifty nosedived over 1 per cent Monday as investors' sentiment were hit hard following a sharp spike in crude oil prices amid escalating tensions in West Asia. Weak trends in global markets and heavy foreign fund outflows also...

New Delhi: Oil prices could exceed $100 per barrel if tanker traffic through the Strait of Hormuz is not swiftly restored, as the waterway's closure threatens to disrupt 15 per cent of global oil supply and 20 per cent of global LNG supply, consultancy Wood...

New Delhi: India and Canada took a major step forward in their relationship Monday by signing a landmark uranium supply agreement worth $2.6 billion. The agreement was signed during talks between Prime Minister Narendra Modi and his Canadian counterpart Mark Carney at Hyderabad House in...