NEW DELHI: The West Asia conflict has quietly altered India’s trade map. During April-May 2025, Oman was the 30th largest source of imports for India. In the first two months of the current financial year, helped by energy, Oman moved up to 10th spot, thanks to a 3.8 times jump in imports to $3.4 billion….
NEW DELHI: India’s automobile industry recorded its highest-ever sales for the month of May, with passenger vehicles (PVs), two-wheelers and three-wheelers all posting double-digit growth, according to data released by the Society of Indian Automobile Manufacturers (Siam) on Monday.Passenger vehicle sales rose 27.3% year-on-year to 4.3 lakh units in May, while two-wheeler sales climbed 14.8%…
Morgan Stanley maintained its overweight rating on Reliance Industries with the target price maintained at Rs 1,803. The stock is the top pick among the analysts at the brokerage house. They said the energy security policies and tighter refining markets are the reasons keeping product spreads structurally stronger for longer. The company’s oil to chemicals…
Congress general secretary KC Venugopal (ANI photo) NEW DELHI: Stoking the growing public chatter over merger of breakaway outfits with Congress, the AICC has expressed its readiness to accept its erstwhile members into the party fold.AICC general secretary (organisation) and Rahul Gandhi confidant K C Venugopal told TOI, “Everybody who believes in the Congress ideology…
NEW DELHI: Nearly all shareholders of Bharti Airtel Monday approved ongoing transaction to consolidate its stake in subsidiary Airtel Africa, indicating strong investor confidence. The transaction involves Bharti Airtel issuing equity shares to Indian Continent Investment, a promoter group entity, on preferential basis, in exchange for 16.3% stake in Airtel Africa. Upon consummation and approvals,…
Bitcoin climbed to its highest level in nearly two weeks after the US and Iran reached a deal to end hostilities and reopen the Strait of Hormuz, removing the energy-supply fear that had weighed on markets for months. The token traded around $65,844 on Monday, up 2.1% over 24 hours, after touching a low near…
NEW DELHI: India’s wholesale inflation surged for the eighth consecutive month to 9.7% in May from 8.3% in April on account of high prices of crude oil and manufactured products, the newly released wholesale price index (WPI) series Monday with the updated 2022-23 base year showed.Besides, the Department for Promotion of Industry and Internal Trade…
MUMBAI: Fintech Razorpay has filed draft IPO papers with markets regulator Sebi through the confidential route, said people familiar with the matter, joining startup peers Zepto and Prism which are headed to Dalal Street for public listings. The Y Combinator and Peak XV Partners-backed company is seeking to raise up to Rs 6,000 crore through…
MUMBAI: Four businesses of the Vedanta group, demerged from its flagship Vedanta Ltd—aluminium, oil & gas, iron & steel, and power—were listed on the bourses on Monday, which unlocked market value worth a little over Rs 50,000 crore. Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Iron & Steel and Vedanta Power, all part of Vedanta…
Mercedes-Benz is set to take a fresh 1-2% price hike in India to cope with exchange rate volatility and broader war-related cost pressures even as it is pushing a new variant of its top-end S-class model into the market to widen choice for consumers amid slow EV adoption.The company has taken a total of up…
