Business

India is aiming for a “Maruti moment” in shipbuilding, seeking to replicate the success of Maruti Suzuki’s 1980s automobile revolution. The government announced a Rs 70,000-crore ($8 billion) package to revitalize domestic shipyards, boost India’s maritime ecosystem, and reduce the country’s heavy reliance on foreign vessels, which currently handle about 95% of its import-export trade….

Donald Trump’s new Gold Card programme, offering a fast-track route to US residency, has sparked growing interest among Indians chasing the American dream, particularly after his administration hiked H-1B visa fees to $100,000.The Gold Card, signed into effect through an executive order on September 19, requires a non-refundable $1 million “gift” to the US Treasury,…

The UK government has announced a loan guarantee of up to £1.5 billion ($2 billion) to support Jaguar Land Rover (JLR) after a major cyberattack forced the carmaker to suspend production at its UK factories, the trade minister said on Sunday.JLR, the Tata Motors-owned luxury automaker, said earlier this month it was hit by hackers,…

File photo (Picture credit: AP) The United Nations has reimposed wide-ranging sanctions on Iran over its nuclear programme, further tightening the squeeze on the Islamic Republic as it grapples with soaring food prices, currency collapse and fears of renewed conflict with Israel and the United States.According to news agency Associated Press (AP), the sanctions—revived through…

NEW DELHI: Russian foreign minister Sergey Lavrov on Saturday said the India–Russia relationship remains steady despite Washington’s tariffs and political pressure, adding that New Delhi has made clear it will not be dictated to on foreign partnerships.Lavrov, who was responding to questions on the sidelines of an event, pointed to the resilience of bilateral ties…

Dalal Street took a hit this week as more than 440 out of 500 stocks on the BSE 500 ended in red after two heavy blows from US President Donald Trump. The BSE 500 index dropped 3.3% while 17 names fell by double digits and lost as much as 14%. All sectors closed lower on…

India, Brazil and South Africa have raised concerns over unilateral tariffs and other coercive trade measures, saying such steps risk destabilising global markets and undermining the World Trade Organisation (WTO).At a meeting under the IBSA framework (India, Brazil, South Africa), the three nations described these measures as “discriminatory” and “inconsistent” with WTO rules.The meeting was…

Union railway minister Ashwini Vaishnaw announced on Saturday that India’s first bullet train will soon be a reality, with the Surat to Bilimora stretch set to become operational by 2027.He said work on the stations and tracks is making “really good progress” and that several new technologies on the tracks could benefit future railway projects…

MUMBAI: Tata Motors has reconstituted its board as its two businesses, passenger vehicles and commercial vehicles, will be under two distinct listed entities starting Oct 1. N Chandrasekaran will be the chairman of both the entities, Tata Motors (to be renamed as Tata Motors Passenger Vehicles (TMPV) and TML Commercial Vehicles (TMCV). Shailesh Chandra will…

Iraq has restarted oil exports from its autonomous Kurdistan region, ending a suspension that lasted more than two years because of legal disputes and pipeline closures.Baghdad’s oil ministry confirmed on Saturday that crude is once again moving through the Iraq-Turkey pipeline. The line, which had been closed since 2023, has been at the centre of…