Billionaire Mukesh Ambani-led Reliance Industries on Monday sold 85 lakh shares of Asian Paints for Rs 1,876 crore through an open market transaction. Photograph: Shailesh Andrade/Reuters The share sale came days after Reliance Industries offloaded 3.50 crore equity shares or
Domestic passenger vehicle wholesales were marginally down 0.8 per cent at 3,44,656 units in May this year as compared to 347,492 units in the same month last year, as vehicle sales across categories showed stable performance, Society of Indian Automobile
After registering a positive growth for two months, India’s exports slipped into negative territory again, contracting 2.17 per cent year-on-year to $38.73 billion in May due to a fall in global petroleum prices, while trade deficit narrowed at $21.88 billion
Wholesale price inflation (WPI) declined to a 14-month low of 0.39 per cent in May on easing prices of food articles and fuel, and experts said geopolitical tensions could push up prices. Photograph: PTI Photo from the Rediff Archives WPI-based
Stock investors will track the ongoing conflict between Iran and Israel, Brent crude oil prices, inflation data and the US Fed interest rate decision for further cues this week, analysts said. Tariff-related news would also dictate trends in the equity
Indian billionaire Gautam Adani-led group’s Haifa port in Israel was unharmed by the Iranian ballistic missile attack, with cargo operations progressing unhampered, sources said. Photograph: Ilan Rosenberg/Reuters Late on Saturday night, Iran targeted Israel’s Haifa port and a nearby oil
The Iran-Israel conflict has further increased global economic uncertainties, impacting world trade, including India’s exports, as it is expected to drive up both air and sea freight rates, exporters say. An anti-missile system operates after Iran launched drones and missiles
‘India is a very strategic geography. The business is growing over 37-38 per cent year-on-year.’ Kindly note the image has been published only for representational purposes. Photograph: Kind courtesy Pixabay Chaitanya Kalipatnapu, co-founder and executive director of edtech unicorn Eruditus,
‘There is nothing bilateral about this deal.’ Photograph: Dado Ruvic/Reuters India is seeking a binding commitment from the United States on pre-April 2 tariff levels for labour-intensive sectors as part of an early tranche of the proposed bilateral trade
India is planning to amend the Mines and Minerals (Development and Regulation) Amendment Act 2023 to specify the use of funds currently earmarked at ₹5,600 crore for exploring critical mineral mines overseas, according to a top official. IMAGE: A worker
