VIENNA: Saudi Arabia, Russia and six other key OPEC+ members announced on Saturday a huge increase in crude production for July.They will produce an additional 411,000 barrels a day — the same target set for May and then June — according to a statement, which is more than three times greater than the group had…
NEW DELHI: The Indian bond market is gaining momentum due to lower inflation and expectations that the Reserve Bank of India will cut interest rates, according to a report by Jefferies.The report indicates favourable conditions for domestic bonds, particularly appealing to long-term investors amid evolving global financial conditions. India’s consumer price inflation has shown a…
The upcoming hike in US tariffs on steel and aluminium imports, announced by President Donald Trump, is set to impact Indian metal exports worth $4.56 billion, according to a new analysis by the Global Trade Research Initiative (GTRI).Beginning June 4, the higher duties are expected to raise product costs for Indian manufacturers and exporters in…
NEW DELHI: Bank branches in metropolitan areas have seen their share in overall credit decline to 58.7 per cent as of March 2025, down from 63.5 per cent five years ago, according to the Reserve Bank of India’s (RBI) latest report.The central bank attributed this shift to faster credit growth in non-metro regions. “With higher…
US President Donald Trump has put forward the possibility of resuming large-scale trade with Russia once the war in Ukraine ends, but experts say major obstacles stand in the way of such a move anytime soon.“Russia wants to do large-scale TRADE with the United States when this catastrophic bloodbath is over, and I agree,” Trump…
New Delhi: Banks across India will stay open on Saturday, May 31, as it is the fifth Saturday of the month.According to the Reserve Bank of India (RBI) guidelines, banks are closed on the second and fourth Saturdays of each month, in addition to all Sundays. However, on the first, third, and fifth Saturdays, banks…
Communications minister Jyotiraditya Scindia said government has no plans to provide any relief on the AGR (adjusted gross revenue) front to telecom companies after the Supreme Court struck down their plea for a waiver of interest and penalty. In an interview with TOI, the minister also made it clear that beleaguered Vodafone Idea will not…
President Donald Trump on Friday (local time) claimed that the United States is “very close to making a deal with India,” adding that a representative from Pakistan is expected to visit Washington for talks next week.“Pakistan representatives are coming in next week. We’re very close to making a deal with India,” Trump told reporters at…
NEW DELHI: EaseMyTrip reported strong growth in the fourth quarter of FY25, with Gross Booking Revenue at Rs 2,192.7 crore and operational revenue at Rs 139.5 crore, according to its financial report.For the full year ending March 31, 2025, EaseMyTrip achieved a total Gross Booking Revenue of Rs 8,691.6 crore, whilst operational revenue reached Rs…
NEW DELHI: India is broadening its efforts to develop AI foundation models. After Sarvam AI, the government on Friday selected three more teams – Soket AI, Gan AI, and Gnani AI – for building indigenous AI models. IT and electronics minister Ashwini Vaishnaw said the country has 367 data sets loaded on AI Kosh. “So…