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Economy

India’s Essar to invest $6.6 billion in power, port projects in Gujarat

NEW DELHI (Reuters) - Indian conglomerate Essar said on Thursday it will invest $6.6 billion in the energy transition, power and port sectors in the western state of Gujarat, as it renews strategic

Gold firms as Fed’s rate cut forecast hurts dollar, yields

By Anjana Anil (Reuters) - Gold prices extended gains on Thursday, after the U.S. Federal Reserve signalled an end to its tightening cycle and lower borrowing costs in 2024, which sent the dollar and

Battling Michaung aftermath, Tamil Nadu seeks loan moratorium for small businesses

Chennai (Tamil Nadu) , December 14 (ANI): Tamil Nadu Chief Minister MK Stalin has requested Union Finance Minister Nirmala Sitharaman to provide a moratorium...

Supercharged markets surge on interest rate cut signals

By Marc Jones LONDON (Reuters) - Stock markets sprinted to their highest in over a year and a half and borrowing costs and the dollar tumbled on Thursday, as traders bet that Europe's top central

India’s Nov Russian oil imports up 3% from Oct – trade

By Nidhi Verma NEW DELHI (Reuters) - India's Russian oil imports in November rose to a 4-month high of 1.6 million barrels per day (bpd), up 3.1% from October, making up about 36% of the nation's

Oil rises on U.S. inventory draw, dollar weakness

By Dmitry Zhdannikov and Trixie Yap LONDON (Reuters) - Oil prices rose on Thursday, extending the previous session's gains, on a bigger-than-expected weekly withdrawal from U.S. crude storage and a

Dollar hits four-month low as Fed signals 2024 rate cuts, NOK stronger after rate hike

By Samuel Indyk and Brigid Riley LONDON (Reuters) - The dollar dropped to a fresh four-month low on Thursday after the Federal Reserve indicated that its interest-rate hike cycle has ended and that

ADB appoints Takeo Konishi to spearhead South Asia development initiatives

New Delhi , December 14 (ANI): The Asian Development Bank (ADB) has announced the appointment of Takeo Konishi as the Director General of its...

WPI inflation spikes to 8-month high of 0.26 pc in Nov on costlier veggies, onion

New Delhi, Dec 14 (PTI) Wholesale price-based inflation rose to an eight-month high of 0.26 per cent in November, driven by a sharp jump...

After seven months, India’s wholesale inflation back in positive territory

New Delhi , December 14 (ANI): Wholesale inflation in India, based on the Wholesale Price Index, is back in positive territory after staying in...

On Camera

Stop asking fans to explain why they like Taylor Swift. Belittling Swifties reeks of sexism

She’s perhaps the only artist that one still has to offer a ‘reason’ for liking. No one bats an eye if you like Harry Styles or Beyonce. But god forbid you express your love for Swift publicly.

CBDT signs record 125 Advance Pricing Agreements, 31% more than last year

The 125 APAs include 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs). The total number of APAs since the start of the APA programme has risen to 641, with 506 UAPAs and 135 BAPAs.

Vice Admiral Dinesh Kumar Tripathi to take over as Chief of the Naval Staff

He has been the chief of personnel and the flag officer commanding-in-chief, Western Naval Command, in the rank of vice admiral.

44 years on, two things that have changed in Modi’s BJP, and one that hasn’t

As the BJP heads for a likely third successive term in power, it's fascinating to debate how true it looks to the original proposition: a party with a difference.