Union commerce minister Piyush Goyal said Indian businesses are in a “cosy comfort zone” created by the vast 1.4 billion-strong domestic market and need to actively explore opportunities abroad.Speaking at an industry event in Mumbai, Goyal said companies should not get carried away by any “negative narrative”, emphasising that the economy grew 7.8% in June….
State Bank of India (SBI), the country’s largest lender, on Saturday said it has signed a Line of Credit agreement worth EUR 100 million with Agence Française de Développement (AFD) at its GIFT City branch in Gandhinagar to boost green financing.According to SBI, the funds raised under this partnership will support both climate mitigation projects…
India-China bilateral trade has expanded steadily over the years, but the trade gap remains heavily skewed in China’s favour, raising long-standing concerns in New Delhi.Prime Minister Narendra Modi, during his recent statement on August 29, said it is vital for India and China to work together to stabilise the global economic order. He emphasised that…
Indian Oil Corporation (IOC), the country’s largest fuel retailer, has lined up investments worth Rs 1.66 lakh crore over the next five years to strengthen its core refining and fuel marketing operations while accelerating expansion in petrochemicals, natural gas, and renewables, chairman Arvinder Singh Sahney said on Saturday.Addressing shareholders at the company’s annual meeting, Sahney…
Reliance Industries detailed an extensive green energy blueprint, with Mukesh Ambani and Anant Ambani presenting their vision for developing what they described as the world’s most comprehensive new energy system.“Hydrocarbons will remain vital for India for several years. Our strategy is clear: excel in traditional energy while building the system of the future,” said Mukesh…
Russian President Vladimir Putin criticised Western sanctions ahead of his four-day visit to China, warning that trade restrictions and the costs of the Ukraine war have pushed Russia’s economy into recession, as reported by Reuters. In a written interview with China’s Xinhua news agency on Saturday, Putin said Russia and China were united in rejecting…
US President Donald Trump (Pic credit: AP) The US federal court’s ruling over the tariff, calling it “illegal”, came as a major setback for President Donald Trump. The court said that the Republican leader overstepped his authority when he declared trade deficits and border issues as “national emergencies” to justify sweeping tariffs he imposed on…
ONGC group refineries will continue purchasing Russian oil as long as it is financially viable, chairman Arun Kumar Singh said on Friday. “As long as it’s economical, we will keep buying every drop (of Russian oil) that comes to the market,” Singh told reporters, as quoted by Economic Times. Its subsidiaries Mangalore Refinery and Petrochemicals…
Spirit Airlines to file for bankruptcy (Representative image) US Budget airline Spirit Airlines announced on Friday that has filed file for bankruptcy again within a year, but will maintain normal operations, ticket sales and flights.Following its initial bankruptcy filing in November, Spirit had completed a debt restructuring agreement with creditors in March, reducing its liabilities…
Bank holidays in India can be cause of confusion, especially when it comes to Saturday operations. According to the Reserve Bank of India (RBI) guidelines, banks operate on first, third and fifth Saturdays, while remaining closed on second and fourth Saturdays each month.Besides Saturday closures, banks observe national and regional holidays. It’s worth noting that…
