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Economy

PSUs not dismantled, they’re flourishing under PM Modi’s leadership,’ says Sitharaman

Union Finance Minister said that it was Congress that left India crippled, relying heavily on imports rather than empowering PSUs such as Hindustan Aeronautics Limited (HAL).

Asia stocks slip, dollar climbs as Fed rate path pondered

By Kevin Buckland TOKYO (Reuters) -Asian stocks slipped on Wednesday, while the dollar climbed despite lower U.S. Treasury yields as markets assessed mixed signals from U.S. policymakers and economic

AstraZeneca withdraws COVID-19 vaccine, cites surplus of available updated vaccines

New Delhi, May 8 (PTI) UK-based pharmaceutical major AstraZeneca has started global withdrawal of its COVID-19 vaccine, which was provided in India as...

Oil slips on rising US stockpiles, cautious supply expectations

(Reuters) - Oil prices fell in early Asian trade on Wednesday as industry data showed a pile up in both crude and fuel inventories in the U.S., a sign of weak demand, and cautious supply expectations

Dollar regains momentum as yen loses ground

By Rae Wee SINGAPORE (Reuters) -The dollar was back on the front foot on Wednesday, making modest gains after earlier losses from renewed bets on Federal Reserve rate cuts this year, while the yen

Gold rangebound as traders assess rate cut timing

By Ashitha Shivaprasad (Reuters) - Gold prices were confined to a narrow range on Wednesday as market participants assessed the timeline for potential U.S. interest rate cuts and were on the lookout

Indian auto retail sector records 27 pc YoY growth in April: FADA

New Delhi , May 8 (ANI): The Indian auto retail sector recorded a robust 27 per cent year-on-year (YoY) growth for April 2024, according...

Air India Express cancels 70 flights as crew members go on mass ‘sick leave’

New Delhi , May 8 (ANI): In a major flight disruption, more than 70 international and domestic flights of Air India Express on Wednesday...

Sensex-Nifty open in negative zone as global cues remain muted

Mumbai (Maharashtra) , May 8 (ANI): The stock market opened on a cautious note on Wednesday, with both the Sensex and Nifty starting the...

Oil slip on rising US stockpiles, cautious supply expectations

(Reuters) -Oil prices fell in early Asian trade on Wednesday as industry data showed a pile up in both crude and fuel inventories in the U.S., a sign of weak demand, and cautious supply expectations

On Camera

Indian industry in Bangladesh is staring at a void. New Delhi must give line of credit to Dhaka

For New Delhi, SAFTA and CEPA will be critical. Such frameworks could institutionalise economic ties with Bangladesh, making them resilient to political disruptions.


Even as SEBI lays down new curbs on F&O market, discount brokerages are changing business models

SEBI Tuesday unveiled rules to curtail retail participation in derivatives market. Options premia to be collected upfront from options buyer effective 1 Feb 2025.

‘No drone bombs or infiltration’, Army Chief says ‘battle of narratives’ must be controlled in Manipur

Chief of Army Staff General Upendra Dwivedi says the Manipur conflict was triggered by a rumour and that the situation may be ‘stable today, but it is tense’.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?