The Times of India - Business (35 minutes ago)
Tata Steel reported a more than two-fold jump in consolidated net profit to Rs 2,965 crore for the January-March quarter of FY26, driven by strong India operations and improved volumes. For the full fiscal year, net profit surged over three times to Rs 10,885.82 crore, with steel production and deliveries also seeing an increase.
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India has kept its petrol and diesel prices unchanged for four years now - ever since the Russia-Ukraine conflict. But the rising global oil prices, past the $100 per barrel mark has made the math unsustainable for oil marketing companies.
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India and the UAE solidified their friendship with seven key agreements during PM Modi's visit. These pacts focus on energy security, including strategic petroleum reserves and LPG supply, alongside a significant defense partnership. Further collaborations will boost India's maritime sector and establish a supercomputer cluster, with the UAE...
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Rupee hit a fresh record low of 96.07 against the US dollar on Friday, extending its losing streak over three straight sessions amid soaring crude oil prices and escalating tensions in West Asia. At the interbank foreign exchange market, the rupee opened at 95.86 against the US dollar and slipped further to 95.94, down 30 paise from its previous...
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A US delegation is expected to visit India next month for trade negotiations concerning a proposed bilateral trade agreement (BTA). This visit follows earlier discussions in Washington D.C. to finalize details of an interim trade pact and advance broader BTA negotiations. Both nations are committed to a mutually beneficial trade framework, with the...
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India's merchandise trade deficit surged to $28.38 billion in April, driven by a 10% rise in imports despite a significant drop in shipments from the Middle East. Elevated crude oil prices and global supply disruptions contributed to increased import costs, raising concerns about the external sector and the rupee's stability.
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