Business

Delhi will be the first city in the country to leapfrog from Euro-IV grade petrol and diesel to Euro-VI.

Last October, India imported its first shipment of crude oil from the US. The US had stopped oil exports in 1975, but this ban was lifted by former US President Barack Obama in 2015.

After a slowdown in growth through much of last year, India is on an upswing and reclaimed top spot as the fastest growing major economy in the final quarter of 2017, outpacing China.

South Korea has cut a deal with the United States, agreeing to reduce its steel exports to avoid tariffs. The European Union, Canada, Mexico, Brazil, Australia and Argentina face a May 1 deadline to reach equivalent deals.

If the deal goes through, it would be Uber’s fourth large retreat. Apart from the sale to Grab, the US firm also sold its China unit to rival Didi and its Russian unit to local player Yandex.

On Tuesday, the rupee had lost 10 paise and slipped to 64.97 against the US currency, cutting short its three-day upmove on bouts of dollar buying by banks and exporters.

Diesel consumption growth in calendar 2018 may be more than double last year, analysts and traders told Reuters, aided by an expected regular monsoon this year that should boost demand in the world's third-largest oil consumer for diesel used in harvestin...

The report authored by DBS economist (Eurozone and India) Radhika Rao further noted that any escalation in trade tensions involving the US might aggravate India's current account concerns.

The meeting assumes significance as India has time and again raised the issue of heavy trade imbalance with China and sought steps to facilitate Indian exports in areas including pharmaceutical and agricultural products and information technology services...

The industry body Assocham said that the measures taken by the US may not have a direct impact on India but the collateral damage could be in the form of adverse impact on the overall sentiment.

The Dow Jones Industrial Average fell 2.9 percent to close at 23,957.89, near the lowest point of a rocky session.

The proposal comes at a time when there are increasing number of cases coming up under the Insolvency and Bankruptcy Code (IBC) as entities look to address issues of stressed assets in a time-bound manner.

Markets benefited from value buying in beaten-down stocks and a mixed trend overseas, as investors focused on new Federal Reserve Chairman Jerome Powell's first policy meeting starting later in the day amid trade war concerns, broker said.

"There is no proposal under consideration of the government to stop Rs 2,000 note," Minister of State for Finance P Radhakrishnan said in a written reply in the Lok Sabha to a question whether the finance ministry has any plan to stop the note in near fut...

The deficit widened to 2.0 percent of gross domestic product, or $13.5 billion, up from 1.4 percent, or $8.0 billion, in the corresponding period a year ago.

The list of people has been collated based on they being directors or owners of Indian companies which have been identified as wilful defaulters, firms which refuse to repay loans despite having the means to do so.