India’s gems and jewellery exports fell sharply in October, sliding 30.57% to $2.17 billion (Rs 19,172.89 crore) compared to the same month last year, according to data released by the Gems and Jewellery Export Promotion Council (GJEPC), PTI reported.Exports in October 2024 had stood at $3.12 billion (Rs 26,237.1 crore).GJEPC chairman Kirit Bhansali said the…
Venezuela has told India it is keen to expand cooperation in the critical minerals sector and attract greater Indian investment, signalling a shift in bilateral engagement beyond the traditional oil partnership, according to the commerce ministry.In a meeting between Commerce and Industry Minister Piyush Goyal and Venezuela’s Minister of Ecological Mining Development Hector Silva, the…
Union Civil Aviation Minister K Ram Mohan Naidu (File photo) India will require as many as 30,000 additional pilots to operate the 1,700 aircraft currently on order with Boeing and Airbus, Union Civil Aviation Minister K Ram Mohan Naidu said on Saturday, underscoring the scale of workforce expansion needed for the country’s rapidly growing aviation…
Toy exporters, who began the financial year with strong dispatches due to early festive shipments and advance buying from US customers, are now having to cut prices and change packaging to cope with the slowdown. The slump comes after American buyers shifted to other sourcing markets following the United States’ decision to impose a 50%…
Berkshire Hathaway has unveiled a new multibillion-dollar investment in Alphabet while continuing to scale back its long-running position in Apple, marking the final update of its portfolio before Warren Buffett steps down after 60 years as the chief executive. In a filing submitted to the US Securities and Exchange Commission on Friday, the company reported…
MUMBAI: The sensex and Nifty sustained their positive momentum for the fourth consecutive day and settled with modest gains on Friday, aided by a buying rush in FMCG, banking and telecom sector shares. The sensex ended 84 points higher at 84,563, while Nifty went up 31 points to settle at 25,910. Both indices were off…
CHENNAI/MUMBAI: The GST rate cut is driving MSMEs to seek additional funding from banks for expansion. After the GST rejig, banks have seen a spike in enquiries for advances from the MSMEs. It comes amid lenders having moved closer to their annual targets for the MSME segment in the first half of the current fiscal….
Switzerland has announced a $200 billion investment plan in the US through 2028, coinciding with a breakthrough agreement that will sharply cut US tariffs on most Swiss goods. The deal lowers duties from 39% – the highest imposed on any Western economy – to 15%, aligning Swiss exporters with the tariff regime applied to the…
India’s foreign exchange reserves fell for the third consecutive week, slipping by $2.699 billion to $687.034 billion for the week ended November 7, according to data released by the Reserve Bank of India (RBI) on Friday.The forex kitty had already declined by $5.623 billion in the previous week to $689.733 billion, extending what has become…
Hiring activity across India’s private sector improved marginally in the first 10 months of 2025, supported by stronger demand, healthier order books and a steady revival in business sentiment. An ET analysis of HSBC and S&P Global Market Intelligence data shows that the jobs component of the seasonally adjusted HSBC India PMI rose to 53.8…