Business

MUNICH: US secretary of state Marco Rubio has said that India has committed to stop buying Russian oil, days after New Delhi reiterated that “national interests” would be the “guiding factor” for energy procurement.US President Donald Trump, while announcing a trade deal with New Delhi early in Feb, had said India had agreed to not…

As February progresses, customers planning to visit banks are advised to check the holiday schedule in advance to avoid inconvenience. In India, banks observe both national and state-specific holidays, which means closure dates can differ from one region to another.Next week, several banks across the country will remain closed for state observances: February 18: Banks…

Benchmark indices Sensex and Nifty ended the week lower, each falling more than 1%, dragged down by a sharp selloff in IT stocks that weighed on investor sentiment amid growing concerns over potential AI-driven disruptions. Stronger-than-expected US jobs data for January also reduced hopes of an interest rate cut by the Federal Reserve.According to The…

VB-G RAM G, the scheme set to replace Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), has received the highest share in this year’s Budget for the department of rural development, accounting for about 40 per cent of its total allocation, according to an analysis by PRS Legislative Research.The PRS analysis said VB-G RAM G…

The combined market valuation of six of the top-10 most valued firms eroded by more than Rs 3 lakh crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest laggards amid a bearish trend in equities.The 30-share BSE Sensex declined 953.64 points, or 1.14 per cent, during the week.Besides…

Several factors led to the sudden crash in the prices of the precious metals. (AI image) Precious metal prices are expected to remain volatile and witness further consolidation in the coming week as investors track key US economic indicators, including inflation data, GDP readings and signals from the Federal Reserve, analysts said.Traders are also likely…

India’s economic expansion is increasingly extending beyond its largest metropolitan centres, with several districts in northern and eastern states emerging as new hubs of activity, even as established metros continue to dominate overall rankings, according to a new report.The findings are based on the City Vitality Index (CVI), Q1 2026, released by Dun & Bradstreet,…

File photo: PM Modi (Picture credit: ANI) Calling productive spending a defining feature of his government, Prime Minister Narendra Modi on Sunday said the recently unveiled Union Budget consciously steered clear of short-term populism and instead channelled record capital outlays into infrastructure to drive jobs and sustainable growth.In an exclusive interview with news agency PTI,…

The India-UK free trade agreement signed in July last year is expected to be implemented from April 2026, a government official said.India and the United Kingdom signed the Comprehensive Economic and Trade Agreement (CETA) on July 24, 2025, under which 99 per cent of Indian exports will enter the British market at zero duty, while…

File photo: Union commerce and industry minister Piyush Goyal (Picture credit: ANI) Union commerce and industry minister Piyush Goyal on Saturday said the interim trade agreement between India and the United States will factor in India’s rising energy requirements and help the country secure crude oil at more competitive prices.Speaking to reporters, Goyal said India…