NEW DELHI: India’s goods exports fell for the third straight month due to lower oil prices, pushing up the trade deficit in Jan as imports grew at the fastest pace since April.Latest data released by the commerce department on Monday estimated that exports fell 2.4% in Jan to $36.4 billion, although non-oil exports shot up…
MUMBAI: The customs department on Monday informed Bombay high court that it will not stop the clearance of consignments of German auto major Škoda Auto Volkswagen India Pvt Ltd, facing allegations of $1.4 billion duty evasion.N Venkataraman, additional solicitor general from Delhi representing the Indian customs, made the statement before the HC bench of Justices…
NEW DELHI: Artificial Intelligence (AI) is no longer a futuristic concept but is a driving force behind business transformation, industry leaders have said.During a panel discussion at the Times Group’s ET NOW Global Business Summit (GBS) 2025, Subramanyam Yadavalli, CEO – International, Apollo Hospitals, highlighted three major AI-driven advancements transforming healthcare: predictive analytics, real-time monitoring,…
NEW DELHI: Swedish electric boat manufacturer X Shore is looking at India as a potential market, its founder and president Konrad Bergstrom has said.While electric boats are often considered niche products, Bergstrom pointed to increasing global demand. “We see demand from all over the world, riding the wave of sustainability,” he said, adding that the…
NEW DELHI: Govt on Monday said it will draw up the broad contours of the proposed bilateral trade agreement with the US over the next few weeks, even as it keeps tabs on how the Trump administration’s move to impose reciprocal tariffs unfolds.“Give us a couple of weeks to decide what is the level of…
MUMBAI: Stock markets snapped the eight-day losing run in a volatile session on Monday with benchmark sensex closing higher by 57 points on the back of value buying in blue-chip stocks HDFC Bank and Reliance Industries.Helped by fag-end buying, the 30-share BSE sensex climbed 58 points to settle at 75,997. During the day, the barometer…
MUMBAI: Govt is working on several measures in the insurance sector, including extending the free-look period on policies and introducing a composite insurance licence. These initiatives aim to reduce mis-selling and increase insurance penetration in the country.A key step to curb mis-selling is extending the free-look period to one year, instead of the current norm…
MUMBAI: The Centre is considering raising the insurance cover for bank deposits from the current limit of Rs 5 lakh, a senior finance ministry said on Monday.Three days after the New India Co-operative Bank was placed under moratorium by the RBI for irregularities, department of financial services secretary M Nagaraju said a proposal for higher…
MUMBAI: B2B e-commerce startup Udaan has raised a fresh $75 million in funding led by existing investor M&G at a flat valuation of $1.8 billion, co-founder & CEO Vaibhav Gupta told employees in a townhall on Monday, sources said. The company is also in advanced discussions to raise another $25 million from investors. The funding,…
MUMBAI: Seeking to assuage concerns over foreign institutional investors (FII) selling Indian equities lately, finance minister Nirmala Sitharaman on Monday attributed the action to profit booking.Speaking to reporters in the financial capital, Sitharaman said the Indian economy is one where the investors are bagging better returns which leads to profit booking. “FIIs also go out…
