Category: Business

Business

Six U.S. Congressmen write to new Attorney General against Adani’s indictment

February 11, 2025 admin

As many as six U.S. Congressmen have written to the newly appointed Attorney General of the United States against “questionable” decisions made by the U.S. Department of Justice (DoJ) such as the indictment against the Adani Group in an alleged bribery scam, which “jeopardises the relationship with close ally India”. Lance Gooden, Pat Fallon, Mike…

Business

Adani power plant: Bangladesh seeks full power supply restoration from Adani Gooda plant

February 11, 2025 admin

Adani Power’s Godda plant in Jharkhand. File | Photo Credit: adanipower.com Bangladesh has asked Adani Power to fully resume supplies from its 1,600-megawatt plant in Jharkhand, a Bangladesh official said, after more than three months of reduced sales with supplies halved due to low winter demand and payment disputes. Adani, which signed a 25-year contract…

Business

Rupee rises 61 paise to 86.84 against U.S. dollar in early trade

February 11, 2025 admin

The rupee gained 61 paise to 86.84 against the U.S. dollar in early trade. File | Photo Credit: Reuters The rupee gained 61 paise to 86.84 against the U.S. dollar in early trade on Tuesday (February 11, 2025), after nearing closer to 88-level on Monday, amid high volatility as heightened trade war fears have created…

Business

Stock markets decline in early trade amid relentless foreign fund outflows

February 11, 2025 admin

A screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. File | Photo Credit: Reuters Market benchmark indices Sensex and Nifty declined in early trade on Tuesday (February 11, 2025) amid unabated foreign fund outflows and fresh U.S. tariffs that ignited trade war fears. Declining for the…

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ONGC appoints bp to stabilise production decline at Mumbai High field, boost output

February 11, 2025 admin

ONGC has signed a contract with BP p.l.c which will serve as the Technical Services Provider (TSP) for the Mumbai High field. File | Photo Credit: ONGC Oil and Natural Gas Corporation Ltd (ONGC) has signed a contract with BP p.l.c which will serve as the Technical Services Provider (TSP) for the Mumbai High field,…

Business

Budget 2025-26: A promising first step, but miles to go

February 11, 2025 admin

The Centre’s proposal to set up an Urban Challenge Fund of ₹1 lakh crore is an interesting idea to push urban infrastructure build-out. Finance Minister Nirmala Sitharaman spelt it out in the Lok Sabha during the Budget session of Parliament, in New Delhi, Saturday, Feb. 1, 2025. | Photo Credit: Sansad TV The Union Budget…

Business

Due diligence of qualified bidders for IDBI Bank underway: MoS Finance

February 10, 2025 admin

IDBI Bank. | Photo Credit: Reuters The due diligence of qualified bidders for IDBI Bank, which is up for privatisation, is underway, Minister of State for Finance Pankaj Chaudhary said on Monday (February 10, 2025). The government, along with LIC, is selling nearly 61% stake in IDBI Bank. This includes a 30.48% stake of the…

Business

India may offer lower duties on pecan nuts to cool Trump’s tariff barbs

February 10, 2025 admin

U.S. President Donald Trump with Prime Minister Narendra Modi. Mr. Modi’s bilateral meetings with Mr. Trump may include some offers for further reductions in import duties on items of U.S. interest such as pecan nuts. | Photo Credit: Reuters Prime Minister Narendra Modi’s bilateral meetings with U.S. President Donald Trump this week, which are likely…

Business

Labour Ministry inks pact with FoundIt, to bring 10 lakh more jobs on National Career Service portal annually

February 10, 2025 admin

An MoU was signed in the presence of Union Minister of Labour & Employment Mansukh Mandaviya and aims to enhance international and domestic employment opportunities for jobseekers registered on the National Career Service portal. Photo: @/X@mansukhmandviya Labour Ministry on Monday (February 10, 2025) announced the inking of an initial pact with FoundIt — a leading…

Business

U.S. tariffs won’t impact Indian steel industry much: Steel Secretary

February 10, 2025 admin

Image used for representative purpose only. | Photo Credit: Reuters The U.S. announcement to impose tariffs on steel imports will not have much impact on the Indian industry as the domestic market is strong and a small quantity is exported to America, Steel Secretary Sandeep Poundrik said on Monday (February 10, 2025). Also read: Trump…

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