Mumbai: Benchmark equity indices Sensex and Nifty ended lower on Wednesday, marking their third straight day of losses due to selling in IT and select banking shares and foreign fund outflows. Falling for a third day, the 30-share BSE Sensex declined 159.21 points or 0.27 per cent to settle at 59,567.80. During the day, it fell…
Washington: The United States’ becoming India’s largest trading partner is testament to the strengthening of bilateral ties between the two democracies, an Indian American Congressman said Tuesday. “The rapid growth of trade between the United States and India is a testament to the ties between our democracies growing stronger as our partnership increases both the prosperity…
New Delhi: Apple CEO Tim Cook will welcome customers at the inauguration of the iconic iPhone maker’s first official store in the national capital at Select Citywalk Mall on Thursday, according to sources. Tim Cook is in Delhi and is scheduled to meet Prime Minister Narendra Modi, Union minister Ashwini Vaishnaw and Minister of State for…
New Delhi: Plastic is not a 100 per cent biodegradable product and if any manufacturers claim otherwise it will tantamount to misleading advertisement, a top BIS official said on Wednesday. Meanwhile, the Bureau of Indian Standards (BIS) has suggested the Environment Ministry not to certify biodegradability of plastics as it has not been established and research…
New Delhi: Passenger vehicle leaders Maruti Suzuki India and Hyundai Motor saw their market share dip in FY23 as compared with FY22 as they struggled with shortage of electronic components, according to automobile dealers’ body FADA. Tata Motors, Mahindra & Mahindra and Kia India on the other hand witnessed an increase in their market share based…
New Delhi: Nearly 6,800 acres have been acquired by real estate developers and investors for more than USD 12.2 billion during 2018-22 period to construct greenfield realty projects, according to property consultant CBRE India. The consultant released a report ‘Indian Real Estate – Betting on a Capital Future’ on Tuesday. “The land acquisition space has…
New Delhi: The dispute panel of the Geneva-based World Trade Organisation (WTO) on Monday said the import duties imposed by India on certain informational and technology products violates global trading norms. The ruling followed a dispute filed by the European Union, Japan and Taiwan against these duties in the WTO. “We recommend that India bring…
New Delhi: Gold price rose by Rs 80 to Rs 60,660 per 10 gram in the national capital on Monday amid gains in rates of the precious metal internationally, according to HDFC Securities. In the previous trade, the yellow metal had settled at Rs 60,580 per 10 gram. Silver also climbed Rs 260 to Rs 76,040…
New Delhi: The wholesale price-based inflation eased to a 29-month low of 1.34 per cent in March on easing prices of manufactured products and fuel items, even though food articles turned expensive. March is the 10th straight month when wholesale price index (WPI) based inflation has declined. The inflation was 3.85 per cent in February and…
New Delhi: Passenger vehicle exports from India rose 15 per cent in FY23 with Maruti Suzuki India leading the segment with dispatches of over 2.5 lakh units, as per the latest data by industry body SIAM. The total passenger vehicle (PV) exports stood at 6,62,891 units in the 2022-23 fiscal as compared to 5,77,875 units in…
