NEW DELHI: India’s trade deficit has narrowed to a 42-month low of $14 billion in Feb 2025, thanks primarily to imports slowing to $51 billion, data released by the commerce ministry showed on Monday. But volatility in petroleum prices and global uncertainties meant that exports last month fell to $36.9 billion, compared to $41.4 billion…
Gold prices surged by Rs 500, reaching a record high of Rs 91,250 per 10 grams in the national capital on Tuesday. This increase was driven by continued buying from stockists and retailers, coupled with strong trends in international markets, according to the All India Sarafa Association. On Monday, gold with 99.9% purity had already…
Is the US economy headed for a downturn? (AI image) Is the US economy headed for a recession? A recession happens when an economy’s GDP contracts for two consecutive quarters. A recent SBI Research report says that the long term US GDP growth shows a declining trend.Concerns have risen about the economic outlook of the…
CHENNAI: Next-gen is coming to the forefront at TAFE as Lakshmi Venu, director of TAFE (Tractors and Farm Equipment), is appointed vice-chairperson of the company. She is the daughter of TAFE CMD Mallika Srinivasan and TVS Motor chairman emeritus Venu Srinivasan.Said Mallika Srinivasan, CMD, TAFE, “Lakshmi Venu has been a key member of our leadership…
NEW DELHI: American aerospace major Boeing will increase its sourcing from India, which is currently at Rs 10,000 crore annually from about 320 suppliers here, as it emerges from its worst ever crisis. While Indian airline customers will get two aircraft per month this year and next, its plans for India go beyond planes. Boeing’s…
US President Trump with PM Modi NEW DELHI: Amid US President Donald Trump’s tariff threats, India is engaging with the US to find ways of increasing trade and discussing the concerns of both the partners. “We are working on increasing the trade between the two countries from current $200 billion to over $500 billion. All…
US carmaker Ford stopped vehicle production in India in 2021. Ford has reportedly finalised plans to utilise its dormant Chennai facility for manufacturing and exporting engines and associated components, according to sources familiar with the matter who spoke to ET.The company will reveal the specifics of this initiative in the second quarter of this year….
The distribution of Ratan Tata’s assets will commence after the will undergoes probate. Noel Tata, who chairs Tata Trusts, has joined the Ratan Tata Endowment Trust (RTET) board alongside Shireen and Deanna Jejeebhoy, who are half-sisters of late Ratan Tata. The existing trustees, Pramit Jhaveri and Darius Khambata, made these appointments, according to sources.The Trust…
Satellite capacity offered by Starlink is anticipated to be substantially higher, approximately 80-90 times more than competitors Elon Musk-led Starlink’s satellite connectivity capabilities in India could potentially deliver a few terabytes per second of data throughput, with significant infrastructure already established. The service could commence immediately after receiving necessary regulatory approvals, according to sources familiar…
NEW DELHI: SpiceJet founder-promoter Ajay Singh will raise his stake in the airline from 29.1% to 33.5% by infusing Rs 294 crore through Spice Healthcare (a promoter group company). This funding will happen through the conversion of 13.1 crore warrants into an equivalent number of equity shares. The airline said Singh is disposing up to…
