Business

Multiple international airlines suspended their departures from Venezuela on Saturday, following a US aviation alert warning of unsafe conditions in the country’s airspace. The cancellations come amid heightened tensions as the United States prepares a new phase of operations targeting Venezuela, raising concerns about the stability of the region.Gol of Brazil, Avianca of Colombia and…

US President Donald Trump once again defended his aggressive tariff strategy, claiming it is generating “TRILLIONS of Dollars” for America and has functioned as a powerful tool to prevent international conflicts.In a Truth Social post on Sunday, Trump wrote, “We are taking in TRILLIONS of Dollars in Tariffs and Investment Dollars from foreign lands because…

The National Council (Staff Side) of the Joint Consultative Machinery (NC JCM) has written to Prime Minister Narendra Modi requesting major changes to the Terms of Reference (ToR) of the 8th Pay Commission. The letter, also marked to finance minister Nirmala Sitharaman, calls for restoring the Old Pension Scheme (OPS), revising pensions for existing retirees…

India’s shrimp trade recorded a steady rise in the first five months of FY26, with exporters earning $2.43 billion — an 18 per cent increase from last year — as per a new assessment by CareEdge Ratings. Shipment volumes also improved, touching 3.48 lakh metric tonnes, up 11 per cent year-on-year. Much of this momentum…

India’s newly implemented labour codes will give the country’s export industries a stronger and more predictable operating environment, a commerce ministry official said. According to the official quoted by news agency PTI, the reforms bring flexibility and simplification for businesses while ensuring fair wages, safety, equality and social security for workers.The Centre enforced the four…

Air India on Saturday announced it has reinstated its codeshare partnership with Air Canada, resuming a tie-up that was suspended more than five years ago during the coronavirus pandemic.Under the renewed arrangement, Air India will offer passengers access to six destinations in Canada beyond its gateways at Vancouver and London Heathrow, PTI reported. The airline…

The strong run in US initial public offerings has lost momentum due to the government shutdown and increased investor caution, as the Securities and Exchange Commission (SEC) works through a backlog of regulatory filings, according to market participants.Many IPOs expected in late 2025 are likely to be pushed to 2026 as the SEC clears “hundreds…

The government plans to introduce a bill in the upcoming Winter session of Parliament to raise the foreign direct investment (FDI) limit in the insurance sector to 100 per cent from the current cap of 74 per cent, according to a Lok Sabha bulletin.The Winter session is scheduled from December 1 to 19 and will…

NEW DELHI: The China factor weighs heavily on India’s emerging electric car market as the domestic supply chain for the green cars is still inadequate in key areas such as batteries, semiconductors and magnets.Consider this: of the 46 EV car models sold in the country, only six have been found eligible for benefits under the…

India and Israel have discussed ways to strengthen cooperation in the agriculture sector, the commerce ministry said on Saturday, PTI reported.Commerce and Industry Minister Piyush Goyal, during an official visit to Israel, met Israeli Minister of Agriculture and Food Security Avi Dichter for detailed discussions on advancing agricultural collaboration.Goyal also held a series of bilateral…