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Economy

India’s Reliance renews bid for US license to import Venezuelan oil, sources say

By Arathy Somasekhar, Marianna Parraga and Nidhi Verma HOUSTON/NEW DELHI (Reuters) - Indian oil refiner Reliance Industries has resubmitted a request to the U.S. for an authorization to import crude

Indian drugmaker Lupin misses quarterly profit estimates as costs rise

BENGALURU (Reuters) - Indian generic drugmaker Lupin reported a smaller-than-expected rise in fourth-quarter profit on Monday, as higher raw material costs more than offset strong demand for its drugs

Global shares gain on rate cut bets; yen weakens

By Herbert Lash and Nell Mackenzie NEW YORK/LONDON (Reuters) -A gauge of global stock markets rose on Monday on optimism that major central banks will cut interest rates this year, while the yen

Dollar weaker on renewed Fed rate cut hopes; yen wobbles

By Chuck Mikolajczak NEW YORK (Reuters) -The dollar index was lower on Monday for a fourth straight session as a softer-than-expected U.S. jobs report last week supported recent comments from Federal

Retired justice Sanjay Kumar Mishra appointed as first president of GST tribunal

New Delhi May 6 (ANI): Justice (Retd) Sanjay Kumar Mishra on Monday took oath as the first President of the GST Appellate Tribunal...

Gold gains on soft dollar, rate cut hopes

By Rahul Paswan (Reuters) - Gold prices climbed more than 1% on Monday, as the U.S. dollar weakened after softer-than-expected U.S. jobs data fueled expectations of potential interest rate cuts by the

Rupee falls 7 paise to close at 83.52 against US dollar

Mumbai, May 6 (PTI) The rupee pared its initial gains and settled for the day 7 paise lower at 83.52 against the US...

Growth in FMCG will revive post-monsoon, lower food inflation will boost demand

New Delhi , May 6 (ANI): The FMCG (Fast-moving consumer goods) industry witnessed a downturn in the fourth quarter of FY23-24, said a report...

Jio, Airtel, Vodafone Idea to participate in Rs 96,317 cr spectrum auction

New Delhi, May 6 (PTI) Telecom operators Reliance Jio, Bharti Airtel, and Vodafone Idea have submitted their application to bid for Rs 96,317-crore...

Govt adopted pro-poor approach in GST implementation, revenues reached pre-GST levels: Sitharaman

New Delhi, May 6 (PTI) Finance Minister Nirmala Sitharaman on Monday said the government has adopted "a pro-poor approach" while implementing Goods and...

On Camera

India should steer clear of an ‘Asian NATO’. Its strategic flexibility is at stake

Japan PM Shigeru Ishiba’s proposal for an Asian NATO stems from his belief that the absence of a collective defence alliance could lead to wars. It’s a step too far for India.

You can’t ‘wish away’ China, India must balance economic & security considerations, says Sanjeev Sanyal

Sanyal, an economist & member of the Economic Advisory Council to PM, also suggests that if India is to import parts from China, why not allow Chinese companies to manufacture in India.

Compete, coexist, confront & contest: Army chief General Dwivedi says on dealing with China

Referring to current situation, General Upendra Dwivedi says it is stable but not normal; instead, sensitive. He adds the diplomatic side can only come up with certain options.

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?