Rupee started Wednesday on a weak note but recovered to gain 11 paise against the US dollar in early trade, buoyed by easing crude oil prices and a softer US currency in overseas markets. In the interbank foreign exchange market, the domestic unit opened weaker at 90.26 against the greenback but soon inched higher touching…
NEW DELHI: The World Bank on Tuesday raised India’s growth projection for the current financial year to 7.2%, compared with 6.3% estimated in June, citing robust domestic demand due to strong consumption on the back of tax cuts and higher real rural income. For next year, the World Bank has retained its growth projection at…
Representatives of Venezuela’s state oil company PDVSA said Tuesday they had appealed the US-forced sale of its prized Houston-based subsidiary Citgo to pay off creditors.Citgo is in the crosshairs of creditors seeking the settlement of debts in excess of $20 billion that cash-strapped Caracas has been unable or unwilling to pay.In late November, a Delaware…
File photo (Picture credit: ANI) India’s telecom industry body COAI has asked the government to reduce regulatory levies and ease Goods and Services Tax (GST) norms in the upcoming Union Budget, arguing that high statutory payments continue to strain the sector’s finances.The Cellular Operators Association of India (COAI), whose members include Reliance Jio, Bharti Airtel…
Rationalising import duties and stepping up budgetary allocations in the upcoming Union Budget could give a strong push to domestic manufacturing and exports, Deloitte India said on Tuesday.The consulting firm said the Budget for 2026-27, which is scheduled to be presented on February 1, should build on the government’s ongoing efforts to strengthen manufacturing at…
NEW DELHI: India’s import of Russian crude recorded a sharp 29% month-on-month decline, falling to the lowest volumes since implementation of the price cap policy, but is making a strong turnaround in January this year, Centre for Research on Energy and Clean Air (CREA) said in its monthly analysis of Russian fossil fuel exports for…
President Donald Trump speaks with Corey Williams, Ford River Rouge Plant Manager, during a tour of the Ford River Rogue complex, Tuesday, Jan. 13 (AP photo) US President Donald Trump a visited a Ford Motor Co. assembly line in Michigan on Tuesday in an attempt to push his manufacturing agenda, as his administration works to…
New Delhi: External affairs minister S Jaishankar spoke to his US counterpart Marco Rubio Tuesday, discussing the next steps regarding ongoing trade negotiations and a possible meeting next month. The chat took place a day after new US envoy Sergio Gor assumed office and backed trade negotiations, saying his mission was to take the US-India…
NEW DELHI/WASHINGTON: While there was no official Indian response to the White House announcement on Iran, govt sources said the 25% tariff on Iranian trade partners was likely to have minimal impact on India and that trade with Iran was likely to take a hit in any case given the global economic situation.But the new…
Liquidnitro Games raises $19.1 million, led by Northpoint BENGALURU: Liquidnitro Games has raised $19.1 million in a Series A funding round led by Northpoint Capital, with participation from existing investor Nexus Venture Partners, as the game production and live services company looks to scale its AI-enabled development operations and expand globally.The company said the capital…
