Air India cancels all Saudi flights NEW DELHI: Air India has cancelled all flights to and from Riyadh, Dammam and Jeddah until October 20, as the situation in Saudi Arabia continues to evolve. The airline said that it is monitoring developments and assessing the situation to ensure flights could resume safely.“In view of the evolving…
Finance minister Nirmala Sitharaman NEW DELHI: Finance minister Nirmala Sitharaman has called for an early conclusion of the India-US trade agreement, stressing its importance for bilateral economic relations and global trade.Her remarks come a day after commerce and industry minister Piyush Goyal said the first phase of the trade pact had been finalised and was…
Govt raises petrol export duty, cuts diesel levy NEW DELHI: The government has raised the export duty on petrol fivefold to Rs 2.5 per litre from Rs 0.5, while cutting the levy on diesel to Rs 8.5 per litre from Rs 16. The revised rates came into effect on October 16.The export duty on aviation…
Mukesh Ambani owned Reliance responds to allegations involving Musk’s Starlink NEW DELHI: Reliance Industries has welcomed Elon Musk’s Starlink to India, saying it has never feared competition and that its own satellite services are also in the queue.The statement comes as a response to Musk’s repeated allegations that vested interests were obstructing Starlink’s entry into…
Air India is forming a dedicated team to identify cost-saving opportunities in operations while facing significant challenges. NEW DELHI: Air India MD and CEO Tewolde Gebremariam has set up a “multidisciplinary, cross-functional cost savings team” to find all possible ways and means of reducing expenditure on “full-time basis” amid mounting losses. Air India reported a…
The gains came despite strong foreign fund selling but aided by some end-of-the-session short covering by speculators who wanted to cut their losses, market players said. MUMBAI: Sensex and Nifty rallied sharply on Thursday even as most Asian markets were deep in the red as investors said that India’s relatively lower valuation compared to its…
Mumbai: Union Minister for Commerce and Industry Piyush Goyal with Canada’s Minister for International Trade Maninder Sidhu during a reception for the Team Canada trade mission to India, in Mumbai. (PTI Photo/Shashank Parade)(PTI10_14_2026_000578B) Trade with China rose about 29%to $91.8 billion in April-Sept, making Beijing the largest trading partner in the first half Mumbai: Union…
Sequentially, the UR for people aged 15 and above remained steady at 5% for the secondstraight month NEW DELHI: India’s unemployment rate (UR) fell to 5% in Sept, compared with 5.2% a year ago, even as the labour force participation rate (LFPR) improved in the country, particularly in rural areas, according to the monthly periodic…
Reliance Jio Infocomm chairman Akash Ambani and non-executive director Isha Ambani at the IPO announcement in Mumbai Thursday MUMBAI: In the biggest reshuffle in the country’s corporate rankings in decades, Reliance Industries (RIL) Group is all set to overtake Tata Group as India’s most valuable conglomerate, once Jio Platforms lists.The proposed listing, at an estimated…
Net direct tax collections rise 13.21% to Rs 13.38 lakh crore NEW DELHI: India’s net direct tax mop-up reached Rs 13,37,866.98 crore in FY2026-27 as of October 14, marking a 13.21 per cent increase from Rs 11,81,786.98 crore collected during the same period last year, data released by the income tax department showed.The increase came…
