Business

CNG biggest alternative to petrol NEW DELHI: India’s passenger vehicle market appears to be moving beyond the phase where alternative powertrains were a niche choice. In Aug, CNG, hybrid and electric vehicles together overtook petrol-powered cars for the first time, pointing to a broader change in how buyers are weighing fuel costs, technology and long-term…

We’ll make Air India great again: Gebremariam NEW DELHI: “Focus on safety, financial stability, winning trust of passengers and offer a consistent customer experience.” Tata Sons and Air India chairman N Chandrasekaran Monday set the objectives for the airline and its new boss in a town hall with the carrier’s outgoing and incoming MDs and…

MUMBAI: Swiggy is selling its retail distribution platform Lynk Logistics to B2B e-commerce startup Udaan, the companies said on Monday. As part of the deal, which has been structured as a share-swap transaction, Swiggy will acquire a 2.8% stake in Udaan.The food and grocery delivery major will also make a cash infusion of Rs 75…

Union minister of state for commerce and industry Jitin Prasada met US Commerce Secretary Howard Lutnick on the sidelines of the G20 Summit NEW DELHI: India has joined the United States and 24 other countries in an initiative aimed at shaping the development of next-generation 6G networks, the US department of commerce said.Union minister of…

Blackstone Inc is among global investment firms in the fray to buy a stake in IIFL Finance, just as Fairfax Financial Holdings looks to exit from the company, according to people familiar with the matter.Fairfax, founded by Indian-born Canadian billionaire Prem Watsa, is weighing selling its entire holding in IIFL Finance to comply with regulatory…

Crude import price hits $100-a-barrel mark NEW DELHI: India’s average crude import price crossed the $100 per barrel mark for the first time in six weeks last Friday and is likely to rise further as international crude prices surge amid intensified hostilities in West Asia and supply disruptions through the Strait of Hormuz.Indian basket of…

The CII Business Confidence Index rose to 66.0 in Q2FY27 from 60.8 in the previous quarter, signalling stronger business expectations. Business confidence among Indian companies improved sharply in the second quarter of FY27, with firms expecting stronger demand, higher capacity utilisation and increased hiring despite continuing global uncertainties, according to a Confederation of Indian Industry…

The High Court has made it clear that the statutory safeguard also covers the work she performs. (Image for representative purpose only) A woman with 14 years’ experience returned to her job after maternity leave only to find that while her salary had remained the same, her managerial duties had been reduced. Now the Delhi…

The UK Treasury has agreed to recognise India’s carbon credit trading scheme, potentially allowing exporters to avoid paying carbon charges twice. NEW DELHI: In a boost for businesses, the UK has agreed to recognize India’s carbon credit trading scheme, which will enable exporters to avoid “double taxation”.Officials said that the UK treasury has agreed to…

The BSE Sensex rebounded 362.57 points, or 0.48%, on Friday to end a four-day losing streak, helped by buying in metal, private banking and oil and gas stocks amid gains in global markets. The 30-share Sensex settled at 76,515.43, with 20 constituents ending higher and 10 lower. The index surged as much as 730.28 points,…