Karnataka saw FDI flows nearly double to $13 billion NEW DELHI: Karnataka saw FDI flows nearly double to $13 billion during the last financial year as tech investors and global capability centres (GCCs) flocked to India’s Silicon Valley, while Maharashtra, the top destination, saw a dip in inflows after two years.Haryana, Tamil Nadu, Rajasthan, Uttar…
Trump said the move was intended to encourage companies to manufacture generic medicines domestically US President Donald Trump on Tuesday announced a phased tariff regime on imported generic medicines, saying they will continue to enter the United States duty-free for two years and then steep tariff hikes aimed at bringing pharmaceutical manufacturing back to the…
File photo: US President Donald Trump speaks during an event to announce new tariffs on April 2, 2025, in Washington (Picture credit: AP) TOI correspondant from Washington: MAGA boss Donald Trump is preparing to unleash yet another wave of tariffs on dozens of countries, including India, within days, doubling down on his favorite economic weapon…
Crude imports from the Middle East fell about 27% to 1.55 million barrels per day during the April-June period. (PTI photo of oil tanker) India increased its crude oil purchases from Russia and Latin America during the April-June quarter, while imports from the Middle East declined as supplies through the Strait of Hormuz were constrained…
Renewed attacks and tensions between the US and Iran have once again de facto closed the Strait of Hormuz. Strait of Hormuz disruptions: Two Indian state-run refiners have cancelled plans to pick up Iraqi crude oil shipments in view of the ongoing disruptions and risks in transiting through the Strait of Hormuz in the Middle…
Artificial intelligence-related stocks remained the primary drivers of the market, building on the previous session’s recovery after suffering sharp declines last week. US stock market today: Wall Street extended its gains on Tuesday, supported by another strong rally in shares of chipmakers and other companies that have benefited from the artificial intelligence boom. Artificial intelligence-related…
Air taxi (representative image) The US Federal Aviation Administration (FAA) is stepping up efforts to support the deployment of air taxis, supersonic passenger aircraft, drones and commercial space launches, as it looks to modernise aviation regulations and accelerate the adoption of next-generation technologies.Speaking to Reuters at the Farnborough International Airshow, FAA deputy administrator Chris Rocheleau…
Like the Strait of Hormuz, the Bab el-Mandeb Strait is a strategically important maritime shipping route. In March 2026, India was faced with an unprecedented oil supply and price shock. Four months from then, India has managed to successfully secure its crude supplies through a diversified procurement basket relying mainly on Russian crude to tide…
Sensex falls 443 points as HDFC Bank, Axis Bank drag markets lower Benchmark equity indices ended lower on Monday, weighed down by sharp losses in HDFC Bank and Axis Bank following their quarterly earnings, while renewed US-Iran tensions also dampened investor sentiment. The BSE Sensex fell 442.93 points, or 0.57%, to close at 77,708.52 after…
Rupee depreciated 6 paise to 96.42 against the US dollar in early trade on Tuesday pressured by heightened geopolitical tensions, a stronger US dollar and elevated crude oil prices.At the interbank foreign exchange market, the local currency opened at 96.41 and slipped to 96.42, compared with its previous close of 96.36 against the greenback, according…
