Business

New Delhi: India's antitrust watchdog Competition Commission of India (CCI) on Tuesday said that it has approved the acquisition of entire shareholding in Air Asia India by Air India.The proposed combination envisages the acquisition of the entire equity share...

New Delhi: India's wholesale price index (WPI) based inflation remained in double-digit for 14 months in a row and inched up further to 15.88 per cent in May 2022 from 15.08 per cent in the previous month, government data...

Washington: The world's major banks - US JPMorgan Chase and Goldman Sachs - have suspended operations on servicing Russia's debt obligations, Bloomberg reported, citing sources.The US Department of the Treasury earlier refused to renew a general license that allowed...

Colombo: China has ruled out the possibility of entering into a US$ 1.5 billion swap arrangement with Sri Lanka on the ground that Colombo may not be able to fulfil its conditions.The Chinese government’s position was conveyed when Sri...

Mumbai:  As widely expected, the Reserve Bank of India (RBI) on Wednesday hiked policy repo rate by 50 basis points (bps) to 4.90 per cent with immediate effect.Repo rate is the rate at which the banks borrow from the...

Durgapur (WB): Essar Oil and Gas Exploration and Production Ltd (EOGEPL), India’s pioneering unconventional hydrocarbon (Coal Bed Methane) player, on Tuesday announced crossing 0.8 mmscmd of gas production and is successfully marching towards the benchmarkof 1.0 mmscmd post...

Moscow: Russia has completely stopped the supply of gas to Danish energy group Orsted and Shell Energy Europe Limited, which supplies Germany, after they refused the new sanctions-induced payment arrangement, Russian energy giant Gazprom said on Wednesday.On Tuesday, Gazprom...

New Delhi: The oil marketing companies on Wednesday reduced the price of commercial Liquified Petroleum Gas (LPG) cylinders by Rs 135, bringing much relief to the people.According to a price notification of Indian Oil Corporation (IOC), a 19 kg...

Mumbai: Toyota Kirloskar Motor (TKM) on Wednesday said the company sold a total of 10,216 units in the month of May 2022, thereby registering a substantial growth as compared to its wholesales in May 2021. TKM had sold 707 units...

Mumbai: Auto major, Maruti Suzuki India has reported a healthy growth of nearly 247 percent in its total sale at 161,413 units as compared with 46,555 units sold in May 2021. Maruti Suzuki's domestic sales stood at 128,000 units in...