Business

Iraq has restarted oil exports from its autonomous Kurdistan region, ending a suspension that lasted more than two years because of legal disputes and pipeline closures.Baghdad’s oil ministry confirmed on Saturday that crude is once again moving through the Iraq-Turkey pipeline. The line, which had been closed since 2023, has been at the centre of…

Union railway minister Ashwini Vaishnaw announced on Saturday that India’s first bullet train will soon be a reality, with the Surat to Bilimora stretch set to become operational by 2027.He said work on the stations and tracks is making “really good progress” and that several new technologies on the tracks could benefit future railway projects…

The Dalal Street took a hit this week as more than 440 out of 500 stocks on the BSE 500 ended in red after two heavy blows from US President Donald Trump. The BSE 500 index dropped 3.3% while 17 names fell by double digits and lost as much as 14%. All sectors closed lower…

India, Brazil and South Africa have raised concerns over unilateral tariffs and other coercive trade measures, saying such steps risk destabilising global markets and undermining the World Trade Organisation (WTO).At a meeting under the IBSA framework (India, Brazil, South Africa), the three nations described these measures as “discriminatory” and “inconsistent” with WTO rules.The meeting was…

NEW DELHI: Russian foreign minister Sergey Lavrov on Saturday said the India–Russia relationship remains steady despite Washington’s tariffs and political pressure, adding that New Delhi has made clear it will not be dictated to on foreign partnerships.Lavrov, who was responding to questions on the sidelines of an event, pointed to the resilience of bilateral ties…

MUMBAI: Hikal shareholders have approved the reappointment of Bharat Forge vice-chairman and joint MD Amit Kalyani to the board of the chemicals company, with almost all votes cast supporting his continuation. Interestingly, his aunt Sugandha Hiremath and her family, who own about 35% of Hikal, also voted in his favour. Her action comes amid an…

NEW DELHI: The Organisation for Economic Cooperation and Development (OECD) on Tuesday lifted India’s economic growth forecast by 40 basis points for 2025-26, citing monetary and fiscal policy easing and reforms linked to the Goods and Services Tax (GST).“In India, higher tariff rates will weigh on the export sector, but overall activity is anticipated to…

ONGC takes over control of Vedanta-operated oil block The Government has directed state-run Oil and Natural Gas Corporation (ONGC) to take interim operational control of an oil and gas block from Vedanta, after rejecting the company’s request to renew its contract.Vedanta, which produces about one-fifth of India’s crude oil, has challenged the decision in the…

Rupee slips 25 paise to an all-time intraday low of 88.53 against the US dollar in early trade on Tuesday, as concerns over enhanced US tariffs on Indian goods and the new $100,000 H-1B visa fee weighed on investor sentiment.Forex traders said that global risk aversion and trade policy uncertainty further exacerbated the rupee’s decline.At…

DUBAI: Commerce and industry minister Piyush Goyal is headed to the US Monday to take forward talks for a bilateral trade deal, signaling the proposed agreement is moving ahead after a hiatus of several weeks.“The delegation plans to take forward the discussions with a view to achieve early conclusion of a mutually beneficial trade agreement,”…