Business

Mumbai: India's current account deficit widened to USD 6.2 billion in June from a surplus of USD 1.2 billion in the year-ago month, according to preliminary data released by the Reserve Bank of India Friday. The current account deficit was primarily driven by a widening...

Bhubaneswar: BJD president Naveen Patnaik on Friday claimed that the passage of the Mines and Minerals Amendment Bill poses a great threat to Odisha's fiscal autonomy, and urged Chief Minister Mohan Charan Majhi to convene a special session of the Assembly to pass a resolution...

New Delhi: India has emerged as a major power in global defence manufacturing, with exports of military hardware surging to Rs 38,424 crore in 2025-26 driven by a significant push toward indigenous production, Defence Minister Rajnath Singh said Friday. In a message to the armed...

New Delhi: Reliance Industries and Rolls-Royce Friday said they intend to jointly develop a sovereign combat engine for the Advanced Medium Combat Aircraft (AMCA) programme, marking a bid by India's largest private-sector company and Britain's storied aero-engine maker to build indigenous fighter-jet propulsion capability in...

Mumbai: Market benchmark indices Sensex and Nifty ended lower Friday as elevated oil prices and the prolonged US-Iran impasse weighed on investor sentiment. The 30-share BSE Sensex dropped 70.71 points, or 0.09 per cent, to settle at 78,009.25. During the day, it declined 395.59 points,...

New Delhi: Wholesale price inflation softened month-on-month for the first time in nine months to 9.78 per cent in July on easing in fuel and food prices. Wholesale price index (WPI)-based inflation was 9.87 per cent in June. This is the first time since October...

Washington: US Thursday accused more than 40 countries, including India, of operating a “shadow transhipment network” to help China evade high tariffs and unveiled plans to use artificial intelligence (AI) to detect and penalise such practices. In a report titled ‘The Great Trans shipment Scam’,...

New Delhi: Hours after India made public assurances last week that ethanol-blended petrol was safe, the country’s main auto lobby withdrew a complaint about fuel contamination it had sent to the government a week earlier, saying some figures needed more checks. But separate communications between...

Mumbai: Shares of Tata Group companies came under broad selling pressure Wednesday after N. Chandrasekaran decided not to seek reappointment as chairman of Tata Sons, wiping out more than Rs 68,000 crore in combined market capitalisation despite gains in a handful of group stocks. The...

London: British Prime Minister Andy Burnham has appointed a leading Indian-origin strategist and media executive to the role of Expert Adviser on Structure and Process. Gautam Rangarajan, a former BBC strategist and musician, takes charge at 10 Downing Street this week in the newly created...