Colombo, June 6 (IANS) The proposed $3.7 million oil refinery to be built by China's Sinopec in Sri Lanka's Hambantota port is facing significant delays over multiple issues like dispute over equity structure, tax concessions, market access, and allocation of...
New Delhi, June 6 (IANS) India and five Central Asian countries on Friday expressed interest in joint exploration of rare earth and critical minerals, as New Delhi aims to reduce dependence on shipments from China, which has curbed the exports...
New Delhi, June 6 (IANS) In wake of revelations that a female employee of ICICI Bank illegally withdrew crores of rupees from more than 100 customer accounts, including fixed deposits (FDs), financial experts have called on the Reserve Bank of...
New Delhi, June 6 (IANS) Indian and U.S. officials engaged in high-level trade negotiations here to arrive at an interim deal on tariff cuts, ahead of the July 9 deadline, have decided to extend their ongoing talks into next week,...
New Delhi, June 6 (IANS) Leading industry chambers on Friday lauded the RBI’s rate cut decision, describing the continuation in the accommodative policy stance as a catalyst for boosting capex and demand across different sectors of the economy.Assocham expressed delight...
New Delhi, June 6 (IANS) In line with the government’s vision for self-reliance, navratna defence PSU Bharat Electronics Limited (BEL) on Friday announced a collaboration with Tata Electronics towards the development of indigenous electronics and semiconductor solutions.The memorandum of understanding...
New Delhi, June 6 (IANS) Top bankers on Friday hailed the Reserve Bank's decision to reduce repo rate by 50 basis points to 5.50 per cent and cash reserve ratio (CRR) by 100 basis points in four tranches, saying the...
Mumbai, June 6 (IANS) Bharti Hexacom's shares dropped over 3.5 per cent to Rs 1,810 on Friday during the intra-day trading session on the National Stock Exchange (NSE), after brokerage firm Motilal Oswal downgraded the stock from a 'Buy' to...
New Delhi, June 6 (IANS) The government has procured 29.92 million tonnes (MT) of wheat during the 2025–26 Rabi marketing season (April–June) which represents a 13 per cent increase over the corresponding figure for the same period of the previous...
Mumbai, June 6 (IANS) The RBI has revised its inflation outlook for 2025-26 downwards from the earlier forecast of 4 per cent to 3.7 per cent, Reserve Bank Governor Sanjay Malhotra said on Friday.Taking all these factors into consideration, and...
Mumbai, June 6 (IANS) The Indian benchmark indices surged on Friday after the RBI Governor Sanjay Malhotra announced a jumbo 50 bps rate cut — from 6 per cent to 5.5 per cent — and a 100 basis point cut...
Washington, June 6 (IANS) Tesla and SpaceX CEO Elon Musk on Friday said that Donald Trump’s aggressive new trade tariffs could trigger the recession by the second half of this year.The statements came as the public feud between the world’s...