New Delhi: India’s vegetable oil imports jumped 51 per cent to 16.39 lakh tonnes in September from a year earlier, driven by a surge in crude palm oil shipments, while refined oil imports dropped to zero for the first time since 2021, an industry body said on Wednesday. Total vegetable oil imports, comprising both edible…
New Delhi: International Monetary Fund (IMF) on Tuesday revised upwards India’s GDP growth forecast for the current fiscal to 6.6 per cent compared to its earlier estimate of 6.4 per cent on the back of strong growth, offsetting the impact of US tariffs on Indian shipments. In its latest World Economic Outlook (WEO), the multilateral…
New Delhi: Gold prices rallied by Rs 1,950 to hit a fresh peak of Rs 1,27,950 per 10 grams in the national capital on Monday, driven by safe-haven demand amid renewed US-China trade tensions. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 1,26,000 per…
Karachi: The Pakistan Stock Exchange crashed on Monday in the wake of military action in Afghanistan and countrywide protests by an extremist religious party, creating uncertainty among investors. The KSE-100 index plunged nearly 3,000 points at the opening, falling to 160,126 from Friday’s close of 163,000, with the downward trend persisting through the afternoon. Financial…
New Delhi: The Enforcement Directorate (ED) has arrested an executive of businessman Anil Ambani’s Reliance Group under the anti-money laundering law, official sources said on Saturday. Ashok Pal, Chief Financial Officer (CFO) of Reliance Power, was taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA) on Friday, they said. The…
St Petersburg: Baltika Breweries LLC is looking into the possibility of exporting to India, starting with the cities of Maharashtra and Delhi. “India’s exclusive importer of Baltika is preparing to be able to offer the company’s products to Indian consumers in 2026. It is too early to talk about regular supplies for the moment. The…
New Delhi: German luxury automaker BMW expects sales in India to grow in “strong double digit” this year, higher than initially estimated, boosted by GST rate reduction and buoyant festive season demand, BMW Group India President and CEO Hardeep Singh Brar said on Friday. BMW Group India said it recorded its highest-ever Q3 car sales…
New Delhi: Afghan Foreign Minister Amir Khan Muttaqi on Friday said Kabul will send diplomats to India as part of step-by-step efforts to improve bilateral relations. Muttaqi made the significant announcement at a media briefing hours after holding extensive talks with External Affairs Minister S Jaishankar. He also assured New Delhi that Afghan soil will…
New Delhi: Prime Minister Narendra Modi on Thursday said the India-UK free trade pact will boost MSMEs and create jobs, and exuded confidence that the target of doubling bilateral trade will be achieved ahead of the target date of 2030. Addressing a CEO forum along with British Prime Minister Keir Starmer, Modi said the Comprehensive…
New Delhi: India’s manufacturing sector is poised for strong growth and expansion, with 87 per cent of respondents reporting higher or same production levels for the September quarter, a Ficci survey said. In comparison, during the first quarter ended June, 77 per cent of respondents reported higher or the same production levels. Ficci’s latest quarterly…
