Union minister of state for commerce and industry Jitin Prasada met US Commerce Secretary Howard Lutnick on the sidelines of the G20 Summit NEW DELHI: India has joined the United States and 24 other countries in an initiative aimed at shaping the development of next-generation 6G networks, the US department of commerce said.Union minister of … Read more
India’s metro network has grown more than fourfold in just over a decade. India’s metro network has grown multifold in the last few years and may soon overtake the network in the United States of America. This would make India the country with the second largest metro network in the world after China.India could surpass … Read more
Seven OPEC+ members took the decision at a virtual meeting on September 6. OPEC+ on Sunday decided to keep its oil production targets unchanged for October, as the group assesses the impact of ongoing conflicts in West Asia and disruptions to oil exports through the Strait of Hormuz.Seven OPEC+ members, Saudi Arabia, Russia, Iraq, Kuwait, … Read more
China to pump $54 billion into state banks, insurers BEIJING: China’s finance ministry will lead a combined $54 billion in capital injections into state-owned insurers and banks, the companies said on Sunday, in a coordinated push by Beijing to shore up capital across its financial system.China Life Insurance (Group) Co, the country’s largest life insurer, … Read more
The stock market is likely to remain sensitive to global developments, with the West Asia conflict, crude oil prices and US inflation data emerging as key factors for investors. The stock market is likely to remain sensitive to global cues in the upcoming week, with developments in the Middle East conflict, crude oil prices and … Read more
30% productivity boost could power 35% of future manufacturing India’s manufacturing sector could get nearly 35 per cent of its future output simply by getting its workforce 30 per cent more productive.The finding comes from KPMG’s analysis of more than 130 large Indian manufacturing companies over 10 years. It found that companies which improved productivity … Read more
The Bombay High Court considered Section 23 of the Senior Citizens Act. (Image for representative purpose only) A couple gifted their son a flat that they had bought in 2005 on the condition that he take care of them. Years later, the Bombay High Court directed the son to vacate the flat. Here’s what the … Read more
Sugar prices jumped 11.9%, while cereal and vegetable oil prices rose 2.2% and 0.6%, respectively World food prices rose to their highest level since late 2022 in August as extreme weather, geopolitical tensions and disruptions to trade routes heightened concerns over supplies of key agricultural commodities, the UN Food and Agriculture Organization (FAO) said on … Read more
HUL is stepping up investments to defend market share MUMBAI: After two years of sluggish growth, Hindustan Unilever (HUL) is stepping up investments to defend market share amid stiff competition from a clutch of new-age brands and changing shopping patterns. On Friday, the consumer goods giant said that it will boost capex to 3% of … Read more
The Bill would allow Trump to impose tariffs of 100% on the five biggest buyers of Russian crude oil and natural gas. US President Donald Trump may not be able to get the Russia sanctions bill passed in the House of Representatives before November, a development that would give India a breather from the possibility … Read more