Business

Tata Motors has opposed proposals to exempt small petrol vehicles from the Corporate Average Fuel Efficiency (CAFE) norms, arguing that such relaxations could dilute the focus on sustainable technologies and undermine the country’s push towards electric mobility, PTI reported.In a letter to the Prime Minister’s Office, the Mumbai-based automaker said granting exemptions to petrol vehicles…

Rupee on Wednesday snapped a five-day losing streak, recovering 55 paise from its all-time low to close at 90.38 (provisional) against the US dollar, helped by suspected aggressive intervention by the Reserve Bank of India (RBI).At the interbank foreign exchange market, the rupee opened weak at 91.05 per dollar but staged a sharp rebound to…

India’s AM Green and Japan’s Mitsui & Co are exploring a strategic partnership for the energy transition. This collaboration includes potential investments in AM Green’s integrated green aluminium platform, aiming to support the world’s first fully integrated green aluminium production facility. Discussions also cover offtake agreements for low-carbon aluminium. India’s AM Green and Japan’s Mitsui…

New Delhi: In a major overhaul of the National Payment System (NPS), the Pension Fund Regulatory and Development Authority (PFRDA) has allowed subscribers from the private sector to withdraw up to 80% of the accumulated corpus, instead of 60% earlier, with the rest to be used to purchase annuities to earn a pension.Subscribers have the…

FILE – An oil platform is seen in the Leviathan natural gas field on Jan. 31, 2019, in the Mediterranean Sea off Israel’s coast. (Marc Israel Sellem/Pool via AP, File) JERUSALEM: Israeli Prime Minister Benjamin Netanyahu said on Wednesday that he has approved a $35 billion natural gas export deal to Egypt, the biggest gas…

Trump sees the Gold Card as a tool to attract and retain outstanding talent while also creating income for the US government. (AI image) US President Donald Trump has launched his $1 million Gold Card, but Indians it seems are not too keen to shell out the amount, especially given the lack of clarity on…

PM Modi on Thursday reiterated India’s economic story, saying that growth stood at over 8%, even amid ongoing challenges. Speaking at the India-Oman Business Summit in Muscat, the PM said, “A few days ago, the economic growth figures were released, and India’s growth stood at over 8%. This means India has continued to remain the…

US President Donald Trump on Wednesday (local time) delivered a live address from the White House, highlighting the financial and economic achievements he achieved in his second term. Much of the speech centred on inflation, trade policy, tariffs and household finances, alongside sharp criticism of the previous Democrat administration.Beginning his address, Trump highlighted that he…

Counterpoint Research indicates that over 70% of iPhones sold in the US are manufactured in India. (AI image) The Tata group seems to be betting big on iPhones, with its latest regulatory filing with the Registrar of Companies indicating that it has injected an additional Rs 1,500 crore into Tata Electronics. This company manufactures iPhones…

India’s goods exports are expected to contract by around 1 per cent in FY26, compared to a marginal growth registered last year, according to a report by CareEdge Ratings.The report highlighted that while goods exports have weakened in recent months, services exports have continued to remain healthy and resilient, but they have also slowed down.It…