Business

New Delhi: Reliance Industries Ltd, India's largest buyer of discounted Russian oil, plans to scale back imports following fresh US sanctions on Moscow-linked firms, dealing a significant blow to billionaire Mukesh Ambani's conglomerate. State-run refiners, however, may continue purchases through intermediary traders for now, industry officials...

New Delhi:  Defence Acquisition Council, at a meeting Thursday under the chairmanship of Defence Minister Rajnath Singh, approved various proposals of the Army, Navy and Air Force for purchasing military hardware worth a total amount of around Rs 79,000 crore. For the army, Acceptance of...

Mumbai: Microsoft CEO Satya Nadella’s total compensation for the financial year 2024–2025 has risen to $96.5 million -- his highest since taking charge of the company more than a decade ago. The sharp increase reflects Microsoft’s major progress in artificial intelligence (AI) under his leadership....

New Delhi: An Air India Boeing 777 aircraft operating a Newark-bound flight returned to Mumbai Wednesday morning following a technical issue. The Boeing 777 plane, which took off at around 1.50 am for Newark Wednesday, was airborne for over three hours before returning to Mumbai,...

New Delhi: Congress Wednesday took a swipe at the government after US President Donald Trump repeated his claim that India is "not going to buy much oil from Russia" and said this is the fourth time in six days that the American leader has announced...

New Delhi: India has succeeded in diversifying its export market with overseas shipments recording a year-on-year growth in over 20 countries across Europe, the Middle East, Africa and Latin America which has helped to offset the adverse impact of the US tariff turmoil. This is...

New Delhi: Tata Trusts has unanimously reappointed Venu Srinivasan as a trustee for life, and all eyes are now on the upcoming decision regarding Mehli Mistry's renewal, amid reported internal divisions within the organisation. The reappointment of Srinivasan this week, ahead of his term expiring...

New Delhi: Anti-graft ombudsman Lokpal has floated a tender to procure seven luxurious BMW cars, collectively worth around Rs 5 crore. The Lokpal at present has seven members, including a chairman and six members, against its sanctioned strength of eight. The Lokpal of India invites...

Mumbai: Benchmark stock indices Sensex and Nifty rose in the opening session of special Muhurat trading on Tuesday, driven by buying in bank and IT shares amid a positive trend in global markets. The 30-share BSE Sensex rose by 186.07 or 0.22 per cent to...

Washington: President Donald Trump said Monday that the US commands “great respect” from Beijing and that he will reach a “fantastic deal” with Chinese President Xi Jinping when the two leaders meet soon. Trump's remarks come after Beijing infuriated him by expanding export controls on...