1. Business & Economy

Business & Economy

US, UK heading into very dark times: Ace investor Ray Dalio

New Delhi:  Famous investor and the founder of the world’s largest hedge fund, Bridgewater Associates, Ray Dalio has expressed concerns that the United States and the United Kingdom could be heading into “very, very dark…

Disinvestment target of Rs 47,000 crore to be surpassed; more PSU IPOs, OFS in pipeline: DIPAM Secretary

New Delhi: India is set to surpass its Rs 47,000 crore disinvestment target for the current fiscal year, Department of Investment and Public Asset Management Secretary, Arunish Chawla, said on Monday. Chawla said at a…

GST 2.0 rates take effect, around 370 items get cheaper

New Delhi: India’s revamped Goods and Services Tax system, dubbed next-generation GST or “GST Bachat Utsav”, was implemented on Monday, reducing taxes on around 370 products, including daily essentials and lifesaving medicines. Union Finance Minister…

New H-1B visa rules to choke US innovation, turbocharge India’s growth: Amitabh Kant

New Delhi: US President Donald Trump’s decision to impose $100,000 annual fee on H-1B visa will choke innovation in America, while benefitting Indian IT and tech firms, former G20 Sherpa Amitabh Kant said on Saturday.…

Airbus to set up R&D Centre in Gujarat, sourcing over $1 billion worth Indian components

New Delhi: Aerospace giant Airbus has announced that it will set up a Research and Development (R&D) Centre of Excellence at Gati Shakti Vishwavidyalaya in Gujarat, reinforcing its commitment to the India’s innovation ecosystem. Jurgen…

SEBI clears Adani Group and its entities of all allegations in Hindenburg case

Mumbai: Capital markets regulator SEBI on Thursday cleared the Adani Group and its associated entities of all allegations in the Hindenburg case. The SEBI order states that the matter has been considered holistically, and the…

Maruti Suzuki reduces car prices up to Rs 1.29 lakh post GST reforms

New Delhi: Passing on the full benefit from the recent decrease in the GST rates on cars to customers, Maruti Suzuki announced a significant reduction in car prices across its portfolio on Thursday. The largest…

Lupin receives US FDA approval for its generic cancer drug

New Delhi: Indian pharma major Lupin announced that the US Food and Drug Administration has approved its abbreviated new drug application for Lenalidomide capsules in strengths of 2.5 mg to 25 mg for cancer patients.…

US Federal Reserve cuts interest rate by 0.25 pc, balancing curbing inflation

New York: After a confrontation with US President Donald Trump, the Federal Reserve cut its interest rate by a quarter per cent in a balancing act to prevent inflation while staving off an economic slowdown.…

India, US agree to speed up talks on bilateral trade agreement

New Delhi: India and the US, at a high-level official meeting held here on Tuesday amid the thaw in the relations between the two countries, decided to intensify efforts to achieve an early conclusion of…

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