US President Donald Trump on Tuesday said Washington would soon be in a position to reimpose sanctions on Russian oil shipments after crude flows resumed through the Strait of Hormuz following a deal with Iran to end the Middle East conflict.Speaking on the sidelines of the G7 summit in France, Trump said, “Soon we will…
India’s rice stocks in government warehouses rose 15 per cent year-on-year to a record high at the start of June, while wheat inventories climbed to their highest level in five years following strong procurement from farmers, according to official data.State reserves of rice, including unmilled paddy, stood at a record 68.43 million metric tonnes as…
File photo (AP) NEW DELHI: The West Asia conflict has quietly altered India’s trade map. During April-May 2025, Oman was the 30th largest source of imports for India.In the first two months of the current financial year, helped by energy, Oman moved up to 10th spot, thanks to a 3.8 times jump in imports to…
NEW DELHI: India’s automobile industry recorded its highest-ever sales for the month of May, with passenger vehicles (PVs), two-wheelers and three-wheelers all posting double-digit growth, according to data released by the Society of Indian Automobile Manufacturers (Siam) on Monday.Passenger vehicle sales rose 27.3% year-on-year to 4.3 lakh units in May, while two-wheeler sales climbed 14.8%…
NEW DELHI: In late 2020, during a pandemic-induced gap period before starting their freshman year at Stanford, Aadit Palicha and Kaivalya Vohra incorporated Kiranakart Technologies in Mumbai. After a pivot from a traditional grocery aggregator model to a hyper-local dark store network in mid-2021, they chose to officially drop out of their deferred university seats…
MUMBAI: The West Asia peace deal between US and Iran which could eventually end the war in the region, lifted sensex by 736 points on Monday. The index closed at 76,264 points. The day also witnessed foreign funds turning net buyers of equities after remaining net sellers for days altogether, crude prices plunging more than…
MUMBAI: Reserve Bank of India has finalised its consumer protection framework under responsible business conduct guidelines, tightening rules on mis-selling, deceptive digital practices & unauthorised bundling, and shifting to a prescriptive regime.The directions impose a strict consent-capture and interface-design protocol, closing gaps left in the Feb 11 draft. According to the framework, banks must capture…
BENGALURU: Homegrown AI startup Sarvam has raised $234 million in a funding round led by HCLTech and Bessemer Venture Partners, catapulting its valuation to $1.5 billion and making it one of India’s newest AI unicorns.The round also saw participation from existing investors Khosla Ventures and Peak XV Partners. As part of the transaction, HCLTech invested…
NEW DELHI: Goods exports rose 18% in May to a record $45.2 billion, driven by higher oil prices and restoration in supply chains and shipments to West Asia near last year’s level. With imports rising 20.5% to a seven-month high of $73.4 billion, trade deficit widened to $28.2 billion in May.“We have carried forward the…
NEW DELHI: Nearly all shareholders of Bharti Airtel Monday approved ongoing transaction to consolidate its stake in subsidiary Airtel Africa, indicating strong investor confidence. The transaction involves Bharti Airtel issuing equity shares to Indian Continent Investment, a promoter group entity, on preferential basis, in exchange for 16.3% stake in Airtel Africa. Upon consummation and approvals,…
