India may import aircraft, engines and spare parts worth about $100 billion from the US under the interim trade pact, a move that could help boost tourism and bring down airfares, Commerce and Industry Minister Piyush Goyal said on Friday. According to a joint statement issued by both sides on Saturday on the framework for…
India’s foreign exchange reserves declined by $6.711 billion to $717.064 billion for the week ended February 6, according to data released by the Reserve Bank of India (RBI) on Friday.In the previous reporting week, the reserves had surged by $14.361 billion to hit an all-time high of $723.774 billion.During the week ended February 6, foreign…
Benchmark equity indices Sensex and Nifty tumbled more than 1 per cent on Friday amid a broad-based selloff led by metal, IT and commodity stocks, tracking weak global market cues.In a volatile session, the 30-share BSE Sensex fell 1,048.16 points, or 1.25 per cent, to close at 82,626.76. During the day, the benchmark tanked 1,140.37…
Issuing such approval to Reliance may accelerate Venezuela’s crude shipments. (AI image) Reliance Industries (RIL) has been granted a general licence by the Donald Trump administration that will allow the company to crude oil directly from Venezuela without breaching any existing sanctions, a Reuters report has said.According to the report, this general licence permits the…
Gold prices rose on Friday, climbing Rs 1,044 to reach Rs 1,53,880 per 10 grams in futures trade. This surge was driven by traders who took fresh positions, responding to firm demand in the spot market. On the Multi Commodity Exchange, April delivery gold contracts moved higher by Rs 1,044, or 0.68%, closing at Rs…
India’s “Chicken neck” is all set for a new connectivity boost!In a bid to strengthen regional connectivity to India’s North-eastern States, Indian Railways has announced plans to construct a new underground railway line through the Siliguri Corridor, commonly known as the “Chicken’s Neck”. Union minister for railways, information & broadcasting and electronics & information technology,…
The Budget 2026 places manufacturing as a strategic and frontier sector for sustaining economic growth. (AI image) By Neetu VinayekIndia’s effort to strengthen its manufacturing foundation has steadily progressed over the past decade through a series of significant policy measures. A major milestone was the launch of the Make in India initiative in 2014, designed…
Budget 2026 also strengthens India’s attractiveness through its broader posture on foreign investment and cross-border financial integration. (AI image) By Radhika Saigal and Manoj MarwahUnion Budget 2026 propels India towards building a stable, scalable and globally competitive financial ecosystem that encourages global financial institutions to evaluate India not only as a growth market but also…
Tech shares continued to trade in red on Friday, extending losses as fears of disruption from artificial intelligence and fading hopes of an early interest rate cut by the US Federal Reserve continued to weigh down investor sentiment. At 9:50 am, the Nifty IT index slumped 4.59%, or 1,520 points, to trade at 31,639, reflecting…
MUMBAI: HUL has acquired the remaining 49% stake in D2C brand Oziva for Rs 824 crore, making it a wholly-owned subsidiary of the company. HUL bought an initial 51% majority stake in the brand in Dec 2022.Oziva, a plant-based, clean-label consumer wellness brand which focuses on spaces such as lifestyle protein and hair & beauty…
