MUMBAI: Vijay Singh, a former Indian defence secretary whose eligibility as a trustee has come under legal challenge, absented himself from the board meeting of the Bai Hirabai Jamsetji Tata Navsari Charitable Institution on Friday, the latest sign of an intensifying governance dispute within India’s most powerful philanthropic network.The challenge was brought by Mehli Mistry, […]
To cut LPG transport via road, government plans new pipelines
New Delhi: Aiming to eliminate bulk transportation of liquefied petroleum gas (LPG) through roads by 2030, the Petroleum and Natural Gas Regulatory Board (PNGRB) has initiated the bidding process for new pipeline infrastructure connecting refineries, import terminals and bottling plants. The regulator Friday said that the proposed pipelines are designed to connect key supply sources, […]
US cos wary of Trump’s fresh tariff plan under 301
New Delhi: From Delta to Dell, Caterpillar, Ford and Jockey, American companies have opposed fresh tariff under Section 301, where the US Trade Representative has launched two investigations. They have argued that fresh duties will make it harder for them to compete and increase cost for consumers.There are others, such as Cheese Importers Association of […]
India supplies 40% of US smartphone imports, replaces China: Report
India is rapidly strengthening its position in global electronics trade, now supplying about 40 per cent of the smartphones imported by the United States that were previously sourced from China.According to a recent report by McKinsey & Company, cited by ANI, the United States has been actively diversifying its import sources and has replaced about […]
Foreign exchange reserves touch $700 billion mark again; kitty rises $3.83 billion
India’s foreign exchange reserves rose by $3.825 billion to $700.946 billion in the week ended April 10, according to Reserve Bank of India (RBI) data.The reserves had increased by $9.063 billion to $697.121 billion in the previous week ended April 3. They touched an all-time high of $728.494 billion in the week ended February 27, […]
Crude oil prices plunge over 10% as Iran reopens Strait of Hormuz, stocks rally
Crude oil prices plunged more than 10% on Friday after US President Donald Trump and Iran announced that the Strait of Hormuz is fully open again for oil tankers carrying crude from the Persian Gulf to customers worldwide, easing fears of supply disruptions.The sharp drop in oil prices lifted global markets, with US stocks rallying […]
As IPOs lose steam, investors cash in on secondary deals
Mumbai: Secondary deals are picking up pace as investors are looking at ways to exit their investments and get liquidity amid cooling of the IPO market on the back of war-driven volatility. “Globally, investment committees are postponing decisions, leading to funding delays. The secondaries market has picked up and we will see a lot more […]
Sensex ends barely changed at 78k level
Mumbai: In volatile trades on Thursday, sensex opened about 600 points up on peace hopes in West Asia. However, the index gave up the gains by mid-session and closed 123 points (0.2%) down at 77,989 points on the back of profit taking at higher levels. Market players said any confirmation about the next round of […]
Over 80 phones see average 15% price hikes
New Delhi: India’s smartphone market is undergoing a sharp price reshuffle, with rising component costs, pushing devices into higher brackets and squeezing the entry segment.As of March 2026, more than 80 out of roughly 200 smartphone models (including memory variants) in India have seen price increases, with an average hike of about 15%. Further increases […]
Gold Market Consolidation: Gold enters ‘healthy consolidation phase’ after retail buying surge: Report
Gold has entered a phase of consolidation after a strong rally driven by retail demand across key markets, global investment firm Jefferies said in its latest report.The firm noted that the surge in buying seen late last year and early this year—particularly in India, China and the United States—has begun to moderate, signalling a stabilisation […]