Pakistan prime minister Shehbaz Sharif Pakistan prime minister Shehbaz Sharif revealed the personal and national toll of Islamabad’s ongoing debt crisis. Sharif admitted that both he and field marshal Asim Munir (the Army Chief) were forced to “quietly” solicit billions in loans from friendly nations to bridge the country’s external financing gap.Addressing a gathering of…
The United States has told India it can soon resume purchases of Venezuelan oil to reduce its reliance on Russian crude, Reuters reported. India had pledged to slash Russian oil imports after Washington imposed higher tariffs linked to those purchases.The move is part of a broader US effort to redirect India’s oil imports away from…
New Delhi: Economic Survey’s recommendation to amend the Companies Act to lower govt shareholding floor to 26% in state-owned companies, can help govt mop up higher non-tax capital receipts (revenues from disinvestments), the Centre’s top economist said Friday.“In all these years, govt was very clear that the markets are performing very well and it wanted…
Bengaluru: Ola Electric said it will cut about 5% of its workforce as part of a broader business turnaround and structural transformation focused on automation and service-led execution. The company had around 3,500 employees before the layoffs, according to a person familiar with the matter who spoke on condition of anonymity.The latest decision, affecting about…
Mumbai: The rupee slipped to a record low in late trade on Friday, capping its worst monthly performance since Sept 2022, as persistent foreign portfolio outflows and strong corporate dollar demand continued to weigh on the currency despite intervention in the forex market.The rupee fell nearly 210 paise in Jan. The local unit touched an…
Bengaluru: Apple CEO Tim Cook said the iPhone maker delivered a “terrific” first quarter of the 2026 fiscal year, with India emerging as a key highlight. “We did set a quarterly revenue record during Dec. And to go a little further down, we set quarterly revenue records on iPhone and Mac and iPad, and an…
New Delhi: With a focus on creating jobs in the private sector, the World Bank on Friday announced a new country framework for India with an annual support of $8-10 billion over the next five years, using its full range of instruments and mobilising private sector capital at scale.The new framework was unveiled after FM…
New Delhi: Business news channel ET NOW will deliver “wall-to-wall” budget coverage on Sunday, complete with insights, real-time analysis, and expert perspectives.Coverage will start at 7am, setting the context, leading to the finance minister’s budget speech at 11 am, and will be followed by in-depth decoding of key announcements.ET NOW Think Tank is led by…
In recent FTAs, including with the EU, India has given up its reluctance to lower tariffs for automobiles, wine and, even for some fruits such as apples and pears. Since you are negotiating several deals, and will come across what have traditionally been no-go areas, what will be your strategy for calibrated opening up?This is…
NEW DELHI: Union finance minister Nirmala Sitharaman will interact with around 30 college students from across the country after presenting the Union Budget 2026–27 on Sunday, the ministry said.Sitharaman is set to present her record ninth Budget, including two interim budgets, on February 1. As part of the initiative, the students will witness the live…
