Business

The tankers sailed out of the Red Sea through the Bab el-Mandeb Strait. (Reuters photo) Seeking to avoid curbs on movement in Red Sea, two oil tankers carrying Saudi crude to Indian refiners sailed out by temporarily going “dark”. The tankers sailed out of the Red Sea through the Bab el-Mandeb Strait. This follows the…

Strong consumer spending and steady business investment helped cushion the US economy in the second quarter, but a surge in imports dragged overall growth to its slowest pace this year, even as inflation showed further signs of easing.Data released by the commerce department on Thursday showed that the world’s largest economy grew at an annual…

The IndiGo MD’s comments mark one of IndiGo’s strongest public objections to the revised FDTL regulations Months after widespread IndiGo flight disruptions, the airline’s Managing Director Rahul Bhatia has urged the government to revisit the new Flight Duty Time Limitations (FDTL) rules. He argues that the current framework reduces pilot productivity, drives up airline costs…

Baba Ramdev and Patanjali Ayurved’s Managing Director Acharya Balkrishna (File Photo) Patanjali Ayurved, which is known for its herbal and other fast-moving consumer goods, is now set to enter financial services through a nearly Rs 4,500 crore acquisition.The Insurance Regulatory and Development Authority of India (Irdai) has approved the acquisition of Magma General Insurance by…

Experts say the hiring landscape is becoming increasingly project and demand driven. India’s IT sector is seeing a big shift in hiring – especially at the fresher level with big firms being selective in talent acquisition. Not only that, there is an emerging trend of delaying onboarding at the fresher level, leaving many hires in…

India’s expanding renewable energy capacity could soon help turn the country into an energy exporter. German ambassador to India Philipp Ackermann said that Germany could emerge as one of the buyers of Indian green hydrogen in the coming years. Speaking at the Indo-German Industries Dialogue organised by the Indo-German Chamber of Commerce, Ackermann said renewable…

Global gold demand remained largely unchanged in the April-June quarter as softer prices moderated investment demand after the record rally earlier this year, according to the World Gold Council (WGC).Total gold demand stood at 1,269 tonnes in the second quarter of 2026, almost unchanged from 1,268.6 tonnes a year earlier, the WGC said in its…

BENGALURU: Indian Premier League‘s business value rose 11.4% from a year earlier to $20.6 billion in 2026, helped by growing revenues, digital viewership and record franchise transactions, according to a study by investment bank Houlihan Lokey.It also pegged Royal Challengers Bengaluru’s brand value at $312 million, 16% higher than the previous year and making it…

NEW DELHI: Mahindra Group has outlined an ambitious growth road map for its newly combined truck and bus business, targeting a 10-12% share of India’s heavy commercial vehicle (HCV) market by FY31 and over 20% by FY36, as it seeks to strengthen its presence across the commercial vehicle spectrum following the consolidation of Mahindra Truck…

If the security situation worsens and Red Sea supplies are disrupted during August, refiners will have to replace those volumes with crude sourced from elsewhere. India’s crude oil imports from Russia may even touch a new record high of 3 million barrels per day if the shipment disruptions through Strait of Hormuz and even Red…