Business

NEW DELHI: After questioning Jai Anmol, industrialist Anil Ambani‘s son, for more than seven hours on Friday in a Yes Bank related money laundering case, the Enforcement Directorate has summoned him again on Saturday to explain certain transactions.Anmol Ambani’s questioning was held at ED headquarters in Delhi days after the agency had a long session…

The Ministry of Civil Aviation has provided for extensive rights and protections of air travelers. It gives clear guidelines on flight delays, cancellations, baggage, ticket management among other things.These provisions become significant to understand to ensure consumer rights especially after the recent flight disruption crisis. Here’s a glimpse at certain key provisions to ensure passenger…

India and the Netherlands have established a Joint Trade and Investment Committee (JTIC) to deepen bilateral economic engagement and address barriers to trade and investment, the commerce and industry ministry said on Friday, PTI reported.An MoU to this effect has been signed between the two countries, creating a formal institutional mechanism to review trade relations,…

Dense fog disrupted flight operations at Delhi’s Indira Gandhi International Airport on Friday, leading to the cancellation of at least 177 flights and delays to more than 500 services, PTI reported citing officials.An official said the cancellations included both departures and arrivals, covering some international flights as well. Data from flight tracking website Flightradar24 showed…

A senior US Federal Reserve official has said there is no immediate need to cut interest rates further, cautioning that recent inflation data may have been distorted due to disruptions in data collection during the federal government shutdown, AFP reported.Speaking to CNBC on Friday, New York Federal Reserve President John Williams said inflation readings for…

Sales of existing homes in the US rose modestly in November from the previous month but declined compared with a year earlier, as higher prices continued to weigh on affordability despite relatively stable mortgage rates, according to data released on Friday, AP reported. Existing home sales increased 0.5 per cent from October to a seasonally…

Wall Street opened higher on Friday as gains in artificial intelligence-linked stocks helped lift investor sentiment, even as markets digested a widely expected interest rate hike by the Bank of Japan.In early trade, the S&P 500 rose 0.5%, extending gains from the previous session though the index remained lower for the week. The Dow Jones…

The Asian Development Bank (ADB) committed $4.258 billion in sovereign lending to India in 2025, supporting projects across workforce skilling, renewable energy, urban infrastructure, metro and rail networks, healthcare services and ecotourism, the multilateral lender said on Friday, reported PTI.Of the 16 new projects committed during the year, nearly 32% were in the human and…

China on Friday requested consultations with India at the World Trade Organisation (WTO), challenging New Delhi’s tariffs on information and communication technology (ICT) products and subsidy measures in the solar sector, according to PTI.In a statement, China’s Ministry of Commerce said India’s measures allegedly violate multiple WTO obligations, including the principle of national treatment, and…

India’s foreign exchange reserves rose by $1.689 billion to $688.949 billion in the week ended December 12, data released by the Reserve Bank of India showed on Friday, according to PTI.In the previous reporting week, the country’s overall forex reserves had increased by $1.033 billion to $687.26 billion.Foreign currency assets (FCAs), the largest component of…