Business

Did Banks Start Leaving Dubai? Standard Chartered Issues Urgent Statement Amid Iran vs US-Israel War The intensifying geopolitical conflict between Iran, the United States and Israel is beginning to ripple through global financial markets, prompting international banks to reassess operations in the Gulf. At the center of the latest developments is Standard Chartered, which has…

India is examining the United States’ move to initiate Section 301 investigations against a group of 16 trading partners and will take an appropriate position after analysing the legal and economic aspects, PTI reported citing an official on Friday.On March 11, the Office of the United States Trade Representative (USTR) announced probes into countries including…

Hyderabad: State-run miner NMDC Limited on Friday said it has become the first mining company in India to produce 50 million tonnes of iron ore in a single financial year, reaching the milestone just before the close of FY 2025-26.The Hyderabad-based Navratna CPSE under the ministry of steel said the achievement marks a major step…

India’s ‘accessible’ luxury watch segment is emerging as one of the fastest-growing segments as consumers increasingly upgrade to premium timepieces. The momentum is expected to accelerate further with the India-EFTA Trade and Economic Partnership Agreement, which will gradually lower import duties to nil on European watches over the next four-five years, drawing greater interest from…

India’s imports of urea from China have climbed to their highest level in three years during the current fiscal, even as fertiliser shipments from Russia have also increased sharply, according to government data tabled in Parliament on Friday.In a written reply to the Lok Sabha, Minister of State for Fertilisers Anupriya Patel said India imported…

India’s foreign exchange reserves declined sharply in the week ended March 6, reversing the previous week’s surge that had taken the country’s forex stockpile to a record high.Data released by the Reserve Bank of India on Friday showed the reserves dropped by $11.683 billion to $716.810 billion, reported PTI. In the preceding reporting week, the…

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US stock indexes traded mixed to lower in choppy dealings on Friday morning as the fallout from the war with Iran kept pressure on oil prices and added to concerns about the global economic outlook.The S&P 500 slipped 0.2 per cent after rising as much as 0.9 per cent earlier in the session. The Dow…

Benchmark equity indices Sensex and Nifty ended sharply lower on Friday as escalating conflict in West Asia and rising crude oil prices weighed heavily on investor sentiment. Weak global cues, persistent foreign fund outflows and rupee weakness further added to the pressure on domestic markets.Declining for the third straight session, the 30-share BSE Sensex plunged…

The US economy expanded at a markedly slower pace in the final quarter of 2025 than previously estimated, according to government data released on Friday, as consumer demand and public spending turned out weaker than earlier projected.The Commerce Department said gross domestic product (GDP) grew at an annual rate of 0.7 per cent in the…