Category: Business

Business

Air India lobbies to use airspace over China’s Xinjiang as financial woes mount

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Air India lobbies to use airspace over China’s Xinjiang as financial woes mount

Air India is lobbying the Indian government to convince China to let it use a sensitive military airspace zone in Xinjiang to shorten routes as the financial toll from a ban on Indian carriers flying over Pakistan mounts, a company document shows. The unusual request comes just weeks after direct India-China flights resumed after a…

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Business

Piyush Goyal to travel to Israel to review FTA talks, meet Israeli Ministers and businesses

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Piyush Goyal to travel to Israel to review FTA talks, meet Israeli Ministers and businesses

Commerce and Industry Minister Piyush Goyal. File | Photo Credit: Shashii Shekhar Kashyap Commerce and Industry Minister Piyush Goyal will travel to Israel on November 20-22 on the invitation of Israel’s Minister of Economy and Industry Nir Barkat, the Ministry of Commerce of Industry announced on Wednesday (November 19, 2025). Mr. Goyal will be accompanied…

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Business

Moody’s doubles forecast of light vehicle sales growth in 2026

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Moody’s doubles forecast of light vehicle sales growth in 2026

File picture of cars parked at Maruti Suzuki’s plant in Manesar, Haryana | Photo Credit: Reuters Moody’s Ratings has doubled its forecast for India’s light vehicle sales growth in 2026 to 5%, citing policy changes, including the recent Goods & Services Tax (GST) reduction. “In India, we expect light vehicle sales to increase 5% this…

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Business

Stock markets decline in early trade tracking weak global peers, fresh foreign fund outflows

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Stock markets decline in early trade tracking weak global peers, fresh foreign fund outflows

The 30-share BSE Sensex dropped 135.8 points to 84,537.22 in early trade. The 50-share NSE Nifty dipped 53.85 points to 25,856.20. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty declined in initial trade on Wednesday (November 19, 2025), tracking weak global market trends and fresh foreign fund outflows. The 30-share BSE Sensex…

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Business

Rupee rises 9 paise to 88.51 against U.S. dollar in early trade

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Rupee rises 9 paise to 88.51 against U.S. dollar in early trade

Image for representation purposes only. File | Photo Credit: The Hindu The rupee gained 9 paise to 88.51 against the U.S. dollar in early trade on Wednesday (November 19, 2025), supported by lower crude oil prices even as volatile equity markets across the globe weighed on investor sentiment. The rupee also faced pressure due to…

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Business

Russia to soon approve nearly 25 Indian fishery units for exports

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Russia to soon approve nearly 25 Indian fishery units for exports

Union Minister of Commerce & Industry Piyush Goyal. File | Photo Credit: ANI Russia is on course to approve nearly 25 fishery units in India, which will make them eligible to supply to the country, Commerce and Industry Minister Piyush Goyal said on Tuesday (November 18, 2025). Recently, the European Union (EU) has approved 102…

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Business

Textile, apparel export see sharp decline in October; government rescinds QCO on viscose fibres

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Textile, apparel export see sharp decline in October; government rescinds QCO on viscose fibres

With the U.S. tariffs hitting hard, apparel and textile exports saw a 12.91% slump in October compared with last October. While textile shipments last month were worth $1,597 million, apparel exports were $1,069.42 million, as against $1,833 million (textiles) and $1,227 million (apparel) in October 2024. Exports of jute and carpets dropped 27.27% and 15.8%…

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Business

Flydubai shifting away from low-cost carrier model

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Flydubai shifting away from low-cost carrier model

A Flydubai Boeing 737 MAX 8 performs a display flight at Al-Maktoum International Airport during the Dubai Airshow 2025 in Dubai on November 17, 2025. | Photo Credit: AFP Flydubai is leaving its low-cost roots behind, according to Chairman and Chief Executive of the Emirates Group, His Highness Sheikh Ahmed bin Saeed Al Maktoum, on…

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Business

FM Sitharaman holds separate pre-Budget meeting with start-ups for the first time

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FM Sitharaman holds separate pre-Budget meeting with start-ups for the first time

Union Minister for Finance & Corporate Affairs Nirmala Sitharaman meeting with startup founders and representatives as part of her pre-Budget consultations in New Delhi on November 18, 2025. Photo: X/@FinMinIndia For the first time, Union Finance Minister Nirmala Sitharaman on Tuesday (November 18, 2025) held a separate meeting with startup founders and representatives as part…

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Business