“It is highly regrettable that the US has chosen to impose additional tariffs on India for actions that many other countries are also undertaking,” India has said. (AI image) US President Donald Trump believes that his 25% additional tariffs on India for its Russian crude trade made Russia lose a major oil client. Ahead of […]
IOC net doubles to ₹5,689 crore in Q1
NEW DELHI: State-run IndianOil Corporation Ltd has reported a standalone profit of Rs 5,689 crore in the first quarter against Rs 2,643 crore in the year-ago period on the back of robust margins. The company recorded an inventory loss of Rs 6,465 crore against a gain of Rs 3,345 crore in the previous corresponding period. […]
Vyome Holdings lists as Hind on Nasdaq
BENGALURU: Vyome Holdings, created through the merger of biotech startup Vyome Therapeutics and Nasdaq-listed ReShape Lifesciences, began trading on Friday under the ticker ‘Hind’, with Vyome shareholders holding a controlling 91.6% stake in the combined company. The debut coincided with India’s 79th Independence Day. Source link
‘Maybe in 2 or 3 weeks’: Tariff relief in sight? What Donald Trump said on Russian oil buyers after meeting Putin
Trump and Putin met in Alaska US President Donald Trump said he may consider imposing tariffs on countries purchasing Russian oil “in two or three weeks,” though not immediately, following his meeting with Russian President Vladimir Putin in Alaska.“Well, because of what happened today, I think I don’t have to think about that,” Trump told […]
Defence self-reliance: PM Modi calls for Made-in-India fighter jet engines; big ‘Atmanirbhar Bharat’ push
Marking the 79th Independence Day, Prime Minister Narendra Modi called on India’s scientific and engineering talent to take the lead in designing and building jet engines for the country’s own fighter aircraft, a move he said was vital for true defence self-reliance.Speaking from the Red Fort, PM Modi linked the appeal to his government’s Atmanirbhar […]
Infosys AI push: IT giant’s poly-AI boosts productivity, cuts costs; manpower needs reduced by up to 35%
Infosys is enabling clients to reduce manpower requirements by between 5% and 35% through the use of its hybrid artificial intelligence framework, known as poly-AI, according to a senior company official. Speaking to ET, Balakrishna DR, executive vice-president and global services head for AI and industry verticals, said the savings depend on the process, industry, […]
Oil trade balance: India’s Russian crude imports rise to 2 mn bpd in August, refiners stick to ‘business as usual’ despite US tariffs
India’s purchases of Russian crude oil have risen to 2 million barrels per day (bpd) in August, up from 1.6 million bpd in July, according to data from global analytics provider Kpler. The increase, which came at the expense of imports from Iraq and Saudi Arabia, means Russia supplied 38 per cent of India’s estimated […]
Independence Day speech: PM Modi urges self-reliance in critical minerals & fertilisers; calls for reduced imports, higher domestic output
PM Modi urges self-reliance in critical minerals & fertilisers India is pushing ahead with plans to achieve self-sufficiency in critical minerals, with exploration already underway at over 1,200 sites, Prime Minister Narendra Modi said during his Independence Day address. Speaking from the Red Fort on the nation’s 79th Independence Day, he noted that the global […]
Shipping boost: Government to expand Maritime Development Fund to Rs 70,000 crore; eyes global shipbuilding rank
The government is set to expand the proposed Maritime Development Fund (MDF) to Rs 70,000 crore, 2.8 times the allocation announced in the February Budget, to accelerate growth in shipbuilding, ship repair, port-linked infrastructure and shipping tonnage, ET reported, citing multiple sources. The Expenditure Finance Committee (EFC), led by the finance ministry’s expenditure secretary, has […]
GST reforms push: PM’s Diwali GST rate cut plan seen as timely; experts say it will boost economy
Prime Minister Narendra Modi’s announcement of GST 2.0, with rate cuts to be rolled out by Diwali, is a timely and strategic step to strengthen the Indian economy, according to tax experts.From the Red Fort on Independence Day, Modi said GST rates will be lowered on everyday-use goods as part of reforms to the eight-year-old […]