Business

Bessent made these observations shortly after Russia conducted its most extensive aerial assault since the war began. US Treasury Secretary Scott Bessent has called on the European Union to join America in adding pressure on Russia, and indicating possibility of more tariffs on countries buying Russian crude oil. The Donald Trump administration has already imposed…

Auto giants Hyundai Motor India and Tata Motors on Sunday announced major price reductions across their vehicle ranges, passing on the benefits of the recent Goods and Services Tax (GST) cuts to customers. Hyundai has slashed prices of its entire model lineup by up to Rs 2.4 lakh, while Tata Motors is reducing prices of…

The strengthening economic ties with China, the second-largest world economy, complement other positive factors for India. (AI image) Indian stock markets may see a boost with several positive catalysts fuelling bullish sentiment. Prime Minister Narendra Modi’s meeting with Chinese President Xi Jinping, alongside recent GST rate cuts, have generated positive sentiment regarding the potential for…

Vietnam’s VinFast enters India with ‘whole ecosystem’; launches VF 6 and VF 7 SUVs (Picture credit: X/@VinFastIN) Vietnamese electric vehicle (EV) maker VinFast has formally stepped into the Indian market with a strategy that goes beyond selling cars, aiming instead to build a complete ecosystem spanning mobility, infrastructure and lifestyle.Pham Sanh Chau, CEO of VinFast…

PhysicsWallah, the edtech giant, is set to make its stock market debut, having submitted updated draft papers to Sebi to raise Rs 3,820 crore through an initial public offering (IPO) aimed at expansion and growth initiatives.The IPO structure includes a fresh issue of shares worth Rs 3,100 crore and an offer for sale of Rs…

South Korea struck a deal with the United States, on Sunday, securing the release of its nationals detained during an immigration raid at a Hyundai plant in Georgia.Presidential chief of staff, Kang Hoon-sik, declared that the two nations had completed negotiations and only administrative formalities were pending. He further added that Seoul would arrange a…

Foreign Portfolio Investors (FPIs) pulled out RS 12,257 crore ($1.4 billion) from Indian equities in the first week of September, pressured by a stronger dollar, renewed US tariff concerns, and persistent geopolitical tensions. This follows net outflows of Rs 34,990 crore in August and Rs 17,700 crore in July, taking the total equity withdrawals by…

Oil and Natural Gas Corporation (ONGC) has partnered with Japanese shipping firm Mitsui OSK Lines to operate two very large ethane carriers (VLECs) that will import petrochemical feedstock for its subsidiary, ONGC Petro Additions Ltd (OPaL), according to sources.As per news agency PTI, ONGC and Mitsui have agreed to build, own and operate the specialised…

Finance minister Nirmala Sitharaman expressed confidence that higher consumption will generate enough revenue to cover the estimated Rs 48,000 crore shortfall in Goods and Services Tax (GST) collections after the latest rate cuts. Hence, she stressed, public finances will remain unaffected and the move would rather boost GDP growth.She added that the consumption lift from…

File photo (Picture credit: PTI) India has cautioned against the misuse of export-related measures to create artificial scarcity, distort markets, or disrupt supply chains at the Shanghai Cooperation Organisation (SCO) Trade Ministers’ Meeting held in Vladivostok on Saturday.According to a statement by the commerce ministry released on Sunday, India stressed that “export-related measures should not…