China will remove tariffs on imports from almost all African countries starting May 1, Chinese President Xi Jinping said, according to state media, in a move expected to deepen trade and economic engagement between Beijing and the continent, AFP reported.China already operates a zero-tariff policy for imports from 33 African countries, but Beijing had announced…
The Union Cabinet has approved the launch of the Urban Challenge Fund (UCF) with a total Central Assistance of Rs 1 lakh crore, aimed at driving market-linked urban infrastructure development and catalysing investments worth around Rs 4 lakh crore over the next five years.The fund marks a shift in urban development model away from grant-based…
Safety expenditure on Indian Railways has nearly tripled over the past decade to Rs 1,17,693 crore in 2025-26 from Rs 39,200 crore in 2013-14, with the national transporter expanding deployment of indigenous train protection system Kavach and rolling out CCTV surveillance across coaches and locomotives, the government said in response to questions in the Rajya…
Screengrab (Ashwini Vaishnaw) The Union Cabinet has cleared a series of major infrastructure projects spanning railways, roads, tunnels and metro expansion, alongside large-scale urban and startup funding decisions, with the total approved outlay pegged at about Rs 1,60,504 crore, cabinet minister Ashwini Vaishnaw informed on Saturday.A significant portion of the approvals is directed towards transport…
PM Modi and Brazilian President Luiz Inacio Lula da Silva (File photo) Officials are finalising a set of India–Brazil agreements expected to be signed during Brazilian President Luiz Inacio Lula da Silva’s official visit to India next week, with the proposed pacts likely to boost pharmaceutical exports, strengthen cooperation in critical minerals and support the…
India may import aircraft, engines and spare parts worth about $100 billion from the US under the interim trade pact, a move that could help boost tourism and bring down airfares, Commerce and Industry Minister Piyush Goyal said on Friday.According to a joint statement issued by both sides on Saturday on the framework for the…
A key measure of US inflation fell to nearly a five-year low in January as apartment rental price growth slowed and gas prices declined, offering some relief to consumers after years of sharp cost increases.Inflation dropped to 2.4% in January compared with a year earlier, down from 2.7% in December and moving closer to the…
NEW DELHI: India’s capital markets have remained resilient and recorded strong and sustained growth against the backdrop of geopolitical tensions, trade uncertainties, tariff barriers, the pandemic and emerging challenges such as AI, Securities and Exchange Board of India chairman (Sebi) Tuhin Kanta Pandey said on Friday.“This shows the underlying strength of our market institutions and…
The administration of US President Donald Trump has added several major Chinese companies, including Alibaba and Baidu, to a Pentagon list of firms allegedly supporting China’s military, increasing pressure on Beijing ahead of an expected meeting between leaders of the two countries, according to a Reuters report.The Pentagon’s 1260H list does not directly impose sanctions…
BENGALURU: Ola Electric Mobility reported revenue of Rs 504 crore for the Dec quarter, down 57% year-on-year from Rs 1,172 crore and 33% from Rs 756 crore in the Sept quarter. The company reported a loss of Rs 487 crore, narrower than the Rs 564 crore loss a year earlier but wider than the Rs…