India has stood its ground, continuing buying crude from Russia, despite repeated objections from US President Donald TrumpIn October, crude oil worth $2.5 billion flowed into the country from Moscow, making it the world’s second-largest buyer. India was second only to China, which purchased $3.7 billion, according to the Helsinki-based Centre for Research on Energy…
India’s gems and jewellery exports fell sharply in October, sliding 30.57% to $2.17 billion (Rs 19,172.89 crore) compared to the same month last year, according to data released by the Gems and Jewellery Export Promotion Council (GJEPC), PTI reported.Exports in October 2024 had stood at $3.12 billion (Rs 26,237.1 crore).GJEPC chairman Kirit Bhansali said the…
Union Civil Aviation Minister K Ram Mohan Naidu (File photo) India will require as many as 30,000 additional pilots to operate the 1,700 aircraft currently on order with Boeing and Airbus, Union Civil Aviation Minister K Ram Mohan Naidu said on Saturday, underscoring the scale of workforce expansion needed for the country’s rapidly growing aviation…
Venezuela has told India it is keen to expand cooperation in the critical minerals sector and attract greater Indian investment, signalling a shift in bilateral engagement beyond the traditional oil partnership, according to the commerce ministry.In a meeting between Commerce and Industry Minister Piyush Goyal and Venezuela’s Minister of Ecological Mining Development Hector Silva, the…
Hindustan Zinc Ltd (HZL) has secured a composite licence from the Andhra Pradesh government to explore and mine a tungsten and associated mineral block, marking a major step in the Vedanta Group company’s strategy to diversify beyond zinc, lead and silver, PTI reported.In a statement on Saturday, HZL said it has been formally declared the…
The Asia Pacific region will require 19,560 new aircraft over the next two decades as rising passenger traffic, rapid fleet expansion and strong growth in markets such as India and China reshape global aviation demand, Airbus said on Saturday, PTI reported.Presenting its long-term market forecast at the Association of Asia-Pacific Airlines (AAPA) Annual Assembly in…
Commerce and industry minister Piyush Goyal has indicated that India is keeping every option open as it looks at the possibility of restarting free trade agreement (FTA) talks with Canada. His comments follow a fresh round of ministerial interactions aimed at lifting bilateral engagement. “All options open…” Piyush Goyal on ongoing India-Canada talks after two…
Infosys announced its latest round of performance-linked payouts for the September quarter, issuing bonus letters on Friday to employees across several job levels. The Bengaluru based company, which is also India’s second-largest in the IT sector, has granted an average bonus of 75% of the eligible or target amount for the period. Employees told ET…
Walmart is set to undergo a major leadership change, as the chief executive, Doug McMillon, will retire next year, after spending a little over 10 years at the position. The company has named John Furner, currently CEO and president of Walmart’s US operations, as his successor. Furner will assume the top job on February 1,…
Berkshire Hathaway has unveiled a new multibillion-dollar investment in Alphabet while continuing to scale back its long-running position in Apple, marking the final update of its portfolio before Warren Buffett steps down after 60 years as the chief executive. In a filing submitted to the US Securities and Exchange Commission on Friday, the company reported…
