Business

New Delhi: India's annual oil import bill could rise by USD 9-11 billion if the country is compelled to move away from Russian crude in response to US threats of additional tariffs or penalties on Indian exports, analysts said. India, the world's third-largest oil consumer...

New Delhi: Indian exporters from various sectors, including food, marine, and textiles, have sought financial assistance and affordable credit from the government to cope with the 25 per cent Trump tariff, industry officials said. In a meeting with Commerce and Industry Minister Piyush Goyal in...

New Delhi: India has toughened its stance on extending duty concessions on agri products, dairy and GM foods in the proposed bilateral trade agreement (BTA) with the US. With the US not able to finalise a deal with India so far, US President Donald Trump...

New Delhi: After US President Donald Trump claimed that India has stopped purchasing Russian oil, government sources Saturday clarified there is no such pause on the oil imports from Russia. According to government sources, “India's energy purchases are driven by national interests and market forces....

Islamabad: Pakistan received a USD 5 billion offer from multinational donors and agencies to execute the multibillion-dollar Reko Diq copper and gold mining project in the Balochistan region, according to a media report. The commitments received from foreign donors were more than the funding requirement...

New York/Washington: US President Donald Trump Saturday said he has heard that India is no longer going to buy oil from Russia, which he hailed as a "good step" but added that he wasn't sure about the development. “Well, I understand India no longer is...

Washington: For weeks, President Donald Trump was promising the world economy would change Friday with his new tariffs in place. It was an ironclad deadline, administration officials assured the public. But when Trump signed the order Thursday night imposing new tariffs, the start date of...

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....