Business

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…

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…

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…

Bank holiday today: Banks across India, including major lenders like the State Bank of India (SBI), will observe holidays this weekend as per the Reserve Bank of India (RBI) calendar. Regular RBI holidays include all Sundays, as well as the second and fourth Saturdays of each month.This week, bank closures will include:September 27–28 (Saturday-Sunday): Pan-India…

Union Minister of Agriculture and farmers’ welfare Shivraj Singh Chouhan meets Russia’s Deputy Prime Minister Dmitry Patrushev (ANI photo) Agriculture Minister Shivraj Singh Chouhan and Russian Deputy Prime Minister Dmitry Patrushev convened on Friday to explore ways to bolster bilateral agricultural cooperation, with both nations showing willingness to establish a formal memorandum of understanding.The leaders…

MUMBAI: Tata Motors has reconstituted its board as its two businesses, passenger vehicles and commercial vehicles, will be under two distinct listed entities starting Oct 1. N Chandrasekaran will be the chairman of both the entities, Tata Motors (to be renamed as Tata Motors Passenger Vehicles (TMPV) and TML Commercial Vehicles (TMCV). Shailesh Chandra will…

MUMBAI: Hindustan Unilever (HUL) has said that sales have been impacted in Sept as markets prepared for the new GST regime leading to some temporary disruptions in the supply chain. Distributors and retailers postponed placing orders for fresh stock as they awaited new packs with updated prices to hit the markets and instead focused on…

Donald Trump urges Microsoft to sack Lisa Monaco (Picture credit: AP, US department of justice) US President Donald Trump on Friday publicly demanded that Microsoft dismiss Lisa Monaco, the company’s president of global affairs and a former top official in Democratic administrations.In a lengthy Truth Social post, Trump claimed ‘corrupt and totally Trump deranged’ Monaco…

MUMBAI: Fresh tariff-related jitters, weakness of the rupee and foreign fund selling pulled the sensex down by 733 points on Friday to 80,246 points, near its four-week low. As US President Donald Trump announced a fresh set of tariffs on imports of pharmaceutical products, most pharma stocks closed deep in the red. Nifty was down…

NEW DELHI: Government on Friday said that a team led by commerce and industry minister Piyush Goyal, which met United States Trade Representative Jamieson Greer and ambassador designate Sergio Gor, held “constructive” talks on several aspects of the proposed trade deal.“Both sides exchanged views on possible contours of the deal and it was decided to…