Business & Economy

June 21, 2024 2:35 PM

China says EU escalation of trade friction could trigger ‘trade war’

China's commerce ministry said on Friday the European Union has continued to escalate trade friction, which "may trigger a "trade war". "Responsibility lies entirely with the EU side," a ministry spokesperson said in a statement. China hopes the EU will meet it halfway, handle difference through d...

June 21, 2024 1:32 PM

Nifty hits new record high, Sensex gains 200 points

Indian benchmark indices witnessed significant gains on Friday, with the Nifty touching a new peak during early trade and the Sensex surging over 200 points. The Nifty 50 added 70 points to reach 23,640, while the Sensex rose by more than 200 points to 77,674 in early trading. The broader market a...

September 16, 2024 6:17 PM

Bangladesh PM Sheikh Hasina to pay two-day State visit to India

Bangladesh Prime Minister Sheikh Hasina will pay a two-day state visit to India starting Thursday, in what will be the first incoming bilateral visit since the formation of the new Indian government led by Prime Minister Narendra Modi. During her stay on June 21-22, Hasina will hold bilateral consu...

June 20, 2024 3:08 PM

EU states approve 14th sanctions package against Russia, diplomats say

European Union countries approved a 14th package of sanctions against Russia over its war in Ukraine, diplomats said on Thursday, including a ban on re-exports of Russian liquefied natural gas (LNG) in EU waters. Belgium, which holds the rotating EU presidency until July 1, said on the X platform t...

September 16, 2024 6:27 PM

ESIC adds 16.47 lakh workers in April 2024: payroll data

The Employees' State Insurance Corporation (ESIC) has reported a significant increase in new employee registrations for April 2024, with 16.47 lakh new employees added to its rolls. Additionally, approximately 18,490 new establishments have been integrated into the ESI Scheme in April this year. ...

June 19, 2024 5:38 PM

India will see higher consumer spending as inflation moderates: Fitch

Fitch Ratings has said that India will see higher consumer spending as inflation moderates, resulting in elevated consumer confidence. The credit rating agency in its June report Global Economic Outlook (GEO) report said that expectations of a better than expected monsoon will support growth and ma...

June 19, 2024 5:34 PM

China eyes plan to connect Southeast Asian rail links

China said it was willing to study a plan to connect Malaysia's $10-billion East Coast Rail Link (ECRL) to other China-backed railway projects in Laos and Thailand, potentially expanding Beijing's Belt and Road initiative across Southeast Asia. Chinese Premier Li Qiang, who is on a three-day visit ...