Business

September 16, 2024 6:42 PM

India, France to begin negotiations for Rs 50,000-crore Rafale Marine jet deal

Contract negotiations between the governments of India and France for 26 Rafale Marine fighter jets, valued at Rs 50,000 crore, are scheduled to begin on May 30 with the arrival of a high-level French delegation in New Delhi. The French delegation would meet with its Indian Defence Ministry counter...

May 28, 2024 12:47 PM

Sensex, Nifty tread cautiously as Lok Sabha results near

After a stellar rally over the past few weeks, Indian benchmark indices have faced resistance in the past couple of sessions. On Tuesday, both the Sensex and Nifty traded flat with a downside bias. The NSE Nifty 50 was down 0.17% at 22,890.6 points, while the S&P BSE Sensex fell 0.18% to 75,25...

September 16, 2024 6:37 PM

Russia invites Afghanistan’s Taliban to major economic forum

Russia has invited Afghanistan's Taliban to its biggest annual economic forum as Moscow moves to remove a ban on the Islamist movement, a senior Russian diplomat was quoted as saying on Monday. Since the Taliban seized power in August 2021 as U.S.-led forces withdrew after 20 years of war, Russia h...

September 16, 2024 6:16 PM

Asia shares nudge higher as US, EU inflation data loom

Asian shares firmed on Monday as investors braced for a busy run of inflation data that could set the scene for a European rate cut as soon as next week and a U.S. policy easing within just a few months. Holidays in Britain and the United States made for thin trading ahead of Friday's figures on co...

May 25, 2024 10:04 AM

India’s forex reserves jump third week to hit fresh lifetime high

India's foreign exchange reserves rose for the third straight week, by USD 4.549 billion to USD 648.700 billion in the week that ended on May 17, according to data shared by the Reserve Bank of India (RBI). In the process, they touched a fresh lifetime high. Preceding these three weeks, the forex k...

May 24, 2024 2:57 PM

OPEC+ to hold June 2 output policy meeting online

The OPEC+ group of oil producers, comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, has pushed back its output policy meeting by a day to June 2 and will convene online. The meeting was to have been in Vienna on June 1, but will now be held online a d...