10, 2020
New Delhi: The domestic automobile sales continued to decline in December with the overall sectoral off-take plunging 13.08 per cent on a year-on-year basis, data showed on Friday.
As per the data furnished by the Society of Indian Automobile Manufacturers (SIAM), the sector’s total sales declined to 14,05,776 units in December from 16,17,398 units sold during the corresponding month of the previous year.
In November, the overall sectoral off-take had declined by 12.05 per cent to 17,92,415 units. IANS
US launches $20 billion Gulf shipping insurance pla
Washington: The United States unveiled a $20 billion maritime reinsurance plan aimed at protecting shipping and stabilising trade through the Gulf region amid tensions linked to the conflict with...
India has 250 million barrels of crude, petro products; 7-8 weeks of buffer across supply chain
New Delhi: Top government sources on Saturday allayed fears that current global energy situation can become a crisis for India, saying that the country currently holds over 250 million...
Oil prices surge to $91.84 per barrel amid rising Middle East tensions
New Delhi: Crude oil prices surged further on Saturday to reach $91.84 per barrel amid the escalating US-Israel and Iran war. Brent crude reached $91.84 while West Texas Intermediate...
Asia must stay agile and prepared as global shocks become more frequent: IMF Chief
New Delhi: Policymakers and businesses in Asia must remain agile and financially strong as the world faces more frequent and unpredictable shocks, Kristalina Georgieva, Managing Director of the International Monetary...
Sensex, Nifty bounce back strongly as global tensions ease
Mumbai: Indian stock markets ended sharply higher on Thursday, with benchmark indices logging their best session in over a month as easing geopolitical tensions between the United States and Iran...
Safe-haven assets likely to rally as Middle East tension deepens
New Delhi: Safe‑haven currencies, from the dollar to the yen and gold, are expected to rally and equity sentiment could worsen due to supply chain disruption amid escalation of...
India, Canada sign $2.6 bn uranium deal, aim to finalise trade pact in 2026
New Delhi: India and Canada took a major step forward in their relationship on Monday by signing a landmark uranium supply agreement worth $2.6 billion. The agreement was signed during...
India, EU agree to grant each other MFN status for 5 years under trade deal
Mumbai: India and the European Union have agreed to give each other Most-Favoured-Nation (MFN) treatment for five years after their proposed free trade agreement (FTA) comes into force. The move...
Pentagon shuns Anthropic, picks OpenAI models in its classified network
New Delhi: The United States Department of Defense has decided to deploy OpenAI’s artificial intelligence models on its classified network, even as it distances itself from Anthropic over disagreements on...
AI will reshape jobs, not destroy them: Morgan Stanley
New Delhi: Fears that artificial intelligence will wipe out millions of jobs have unsettled workers and investors alike, but a new research note from Morgan Stanley suggests the long-term impact...
Rahul Gandhi urges Sitharaman to address ECHS fund crunch, scrap tax on disability pensions
New Delhi: Leader of Opposition (LoP) in the Lok Sabha, Rahul Gandhi, on Saturday wrote to Finance Minister Nirmala Sitharaman, raising concerns over what he described as serious funding gaps...
Developed nations knocking at India’s doors, says PM Modi on trade deals
New Delhi: Developed nations are eager to sign trade deals with India because a confident India is rising beyond doubt and despair, Prime Minister Narendra Modi said while addressing the...
