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Amazon’s $1bn investment in India to make up for losses, not to support economy, says Piyush Goyal

Commerce minister also says loss made by Amazon in India 'smells of predatory pricing', which is not good for the country as it impacts crores of small retailers.

Rural demand in FMCG sector will grow more in the coming quarters: Axis Securities

New Delhi , August 21 (ANI): The Fast-Moving Consumer Goods (FMCG) sector in India continues to demonstrate resilience and adaptability, with Q1FY25 marked by...

Dollar hits year low versus euro as traders await data and Powell

By Harry Robertson and Kevin Buckland LONDON/TOKYO (Reuters) -The dollar edged higher on Wednesday after falling to its lowest level against the euro this year as investors waited for revisions to U.S

India remains net steel importer in April-July as Chinese shipments rise

By Neha Arora NEW DELHI (Reuters) - India continued to be a net importer of steel during the first four months of the current fiscal year beginning April, with China as its biggest supplier of the

India allows export of 200,000 tonne non-basmati rice to Malaysia

New Delhi , August 21 (ANI): India has permitted exports of 200,000 tonne of non-basmati white rice to Malaysia, an official notification said.India banned...

Stocks pause, dollar languishes ahead of Fed update on rates

By Huw Jones LONDON (Reuters) - Global shares paused on Wednesday after a weeks-long rebound towards record highs, leaving the dollar languishing at 2024 lows as investors hoped for clearer clues on

Credit-deposit imbalance could pose significant liquidity risks for Indian banks: S&P Global Market Intelligence

New Delhi , August 21 (ANI): The banking sector in India could face "significant" liquidity risks due to the ongoing widening gap between credit...

Oil prices catch breath after days of losses

By Paul Carsten LONDON (Reuters) -Oil prices held broadly steady on Wednesday after a run of declines that have pushed Brent down to almost $77, driven by stubborn fears over Chinese demand and

NMDC Steel’s hot rolled coil production hits 1 MT-mark within a year

New Delhi, Aug 21 (PTI) State-owned NMDC Steel Limited (NSL) on Wednesday announced producing 1 million tonnes of hot rolled coil (HRC) at...

India’s Animation and VFX segment to reach at USD 2.2 billion by 2026: report

New Delhi , August 21 (ANI): India's Animation and VFX segment is expected to surge from USD 1.3 billion in 2023 to USD 2.2...

On Camera

Gen Z break up recovery is an Olympic sport. Aura cleansing, 75-hard & brown rice

Post-break-up girlies regulate their dopamine and serotonin levels. It's a careful chemical experiment with vegan ice cream, Taylor Swift workout hits, and by-weekly cardio on a rebound’s mattress.

Rs 40 trillion investment, 20 lakh jobs: What Naidu wants to achieve in 5 yrs with 6 industrial policies

Andhra Pradesh cabinet approved the policies in one go at Amaravati this week. The proposed incentives will attract industries back to the state, says CM Chandrababu Naidu.

US-Australia AUKUS submarine deal in trouble? US Congressional paper suggests drastic tweaks

The AUKUS deal was signed in 2021 with the US pushing out France, which was in talks with Australia to sell 12 conventional diesel-electric submarines.

Sikh separatists & their gang wars in Canada are not India’s problem. Call the troops back

If Sikh separatists are a nuisance, it should worry their host countries. Should it bother India if they keep killing their own in gang rivalries and making their neighbourhoods unsafe?