NEW DELHI/MUMBAI: Government has begun the exercise to decide on the process for sale of its stake in IDBI Bank and is looking to speed up the process months after rejecting bids that were below the reserve price.Two high-powered meetings of officials took place on Monday, govt officials said, with focus on two qualified bidders-Prem…
India: The import of goods produced or manufactured, wholly or in part, through the use of forced labour is prohibited. (AI image) NEW DELHI: Amid US Trade Representative’s Section 301 probe on failure of 60 countries, including India, to check imports using forced labour, govt has decided to insert a new clause seeking to block…
Oil prices climbed to their highest level in four weeks on Tuesday after the United States reinstated a naval blockade on Iran and intensified military strikes, while Tehran stepped up retaliatory attacks in and around the Strait of Hormuz, raising fresh concerns over global energy supplies.Brent crude futures rose $1.68, or 2%, to $84.98 a…
US stock market today (AI image) US stocks today: Wall Street traded on a more stable note on Tuesday after a US inflation report came in better than economists had anticipated, helping calm investor sentiment despite a continued surge in oil prices amid fears that the United States and Iran could slide back into a…
US senators on Tuesday unveiled a revised version of a Russia sanctions bill that seeks to pressure Moscow and its major energy buyers, including India and China, while easing some of the toughest provisions from the original proposal.The bipartisan legislation, originally championed by the late Republican Senator Lindsey Graham, aims to impose sanctions on Russian…
First services production index shows double-digit growth in 14 sub-sectors in April The government on Tuesday released the first trial Index of Services Production (ISP), showing that 14 of the 19 formal services sub-sectors recorded double-digit year-on-year growth in April.The trial index, with 2024-25 as the base year, covers about 60 per cent of India’s…
India Post profits cross Rs 4,000 crore The Department of Posts (DoP) recorded its highest-ever first-quarter revenue of Rs 4,008 crore in the April-June period of FY27, marking the first time India Post’s quarterly turnover has crossed the Rs 4,000-crore mark, Union communications minister Jyotiraditya Scindia said on Tuesday.The revenue rose 22.2 per cent from…
Considered one of India’s most significant trade agreements in recent years, CETA will provide duty-free market access for almost 99% of Indian exports. (AI image) India-UK FTA: The India-UK Comprehensive Economic and Trade Agreement or CETA comes into effect from July 15, 2026. The landmark trade deal is set to deliver several benefits to Indian…
India: The import of goods produced or manufactured, wholly or in part, through the use of forced labour is prohibited. (AI image) Amid Donald Trump administration’s Section 301 probe, the government has revised the Foreign Trade Policy (FTP) to prohibit the import of goods that are produced wholly or partly through forced labour.The move comes…
IBM forecast adjusted earnings per share of $2.93 for the quarter, below the analysts’ consensus estimate of $3.02. (AP photo) IBM stock price crash: IBM shares tumbled on Tuesday after the company indicated that its second-quarter revenue would likely fall short of Wall Street expectations. Based on preliminary results, IBM projected quarterly revenue of $17.2…