The US military said Tuesday it had hit Iranian missile sites near the strategic Strait of Hormuz with some of the most powerful bombs in the US arsenal. “US forces successfully employed multiple 5,000-pound deep penetrator munitions on hardened Iranian…
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The government, which has been seeking to divest IDBI Bank for about five years now, is likely to examine the process in detail, including the calculation of the reserve price mechanism used in the case of IDBI Bank
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Reliance Industries Ltd. is preparing to file a draft red herring prospectus for its telecom unit, Jio Platforms Ltd., by the end of this month. The company has appointed 17 bankers to manage the potential IPO, which could be India’s…
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The Fed began its two-day meeting on Tuesday, which will culminate in an announcement of the benchmark lending rate in the world’s largest economy, expected at 2:00 pm US Eastern Time (1800 GMT) on Wednesday.
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While merchandise trade saw some pressure due to rising freight costs and challenges around the Strait of Hormuz, he said exports have largely remained stable till February and are expected to hold in March and that India’s overall trade deficit…
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India’s oil sector is under pressure. Crude oil prices have surged dramatically. This is impacting Indian refiners and government finances. Fuel prices remain unchanged for consumers. This situation is unlikely to ease soon. Elections and fiscal year-end add to the…
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