Mumbai: Net sales growth of the select FDI companies moderated to 8.7 per cent in 2024-25 from 9.4 per cent in the previous year, according to the RBI data on finances of foreign direct investment firms. The central bank on Wednesday released the data relating to the financial performance of non-government non-financial (NGNF) foreign direct…
New Delhi: The Indian economy, largely driven by consumption, has the potential to grow over 7 per cent annually even if crude oil costs USD 90-100 per barrel, industry body Assocham said on Wednesday. India’s resilience to high energy costs has increased significantly over the years, as the country has absorbed severe oil shocks while…
Beijing: Air China has resumed its non-stop Delhi-Beijing flight, reconnecting the flight services between the two capitals. With the resumption of the Delhi-Beijing flight, air connectivity between several cities of the two countries, disrupted since 2020 due to COVID-19 and then the military standoff in Eastern Ladakh, has been restored. Air China has resumed non-stop…
United Nations: India’s economy is projected to grow at 6.4 per cent this year and 6.6 per cent in 2027, according to a report by the United Nations. The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) said in the report released Monday that economies in South and South-West Asia grew…
Mumbai: The current crisis in West Asia significantly impacts India, as the region accounts for approximately one-sixth of the country’s exports, half of its crude oil imports, and nearly two-fifths of the inward remittances, Reserve Bank of India (RBI) Governor Sanjay Malhotra said. During his address at Princeton University on April 18, 2026, the governor…
Singapore: Countries standing up for freedom of navigation in the Strait of Hormuz are sending “the right message”, the head of the International Maritime Organization (IMO) said as tensions between Iran and the United States continue to threaten global shipping. Speaking to Singapore media on Monday, Arsenio Dominguez, secretary-general of the IMO, also cautioned against…
India’s decision to summon Iran’s ambassador Mohammad Fathali after Indian vessels were forced to reverse course in the Strait of Hormuz is not just justified—it is necessary. In a region simmering with volatility, silence is not diplomacy; it is abdication. New Delhi’s swift protest sends a clear message: neutrality does not mean vulnerability, and restraint…
Bengaluru: The Indian beer industry is facing a “major trouble” amid rising input costs triggered by the war, supply shortages, and restrictions on pricing imposed by state governments, said United Breweries Ltd (UBL) Chief Executive Officer and Managing Director Vivek Gupta. Urging for government intervention, he said the lack of regulatory support could stall growth…
Washington: The United States has extended by a month a waiver from sanctions to allow countries to buy petroleum products from Russia, days after it ruled out renewal of the special measure. The US Department of the Treasury issued an order late Friday extending the waiver from sanctions on Russian oil that is already at…
New Delhi: Women MPs of the BJP on Friday held a protest in the Parliament House complex against the Congress and its allies after the Constitution Amendment Bill to implement reservation for women in legislatures from 2029 and increase the strength of the Lok Sabha was defeated in the Lower House. Holding placards and raising…
