MUMBAI: Thanks to the war in West Asia and the ensuing oil price-led shock that the Indian economy is currently facing, top foreign brokerages and analysts have cut earnings estimates for India Inc as well as targets for Nifty by nearly 12%. They also warned that if the war continues for long and the oil…
NEW DELHI: WTO talks in Cameroon are deadlocked over a moratorium on e-commerce with the US seeking a long freeze on countries for levying tax on digital downloads and streaming, while India is so far unwilling to agree to this period.Starting from two years, India has indicated its willingness to go up to four, with…
Space adventure flick ‘Project Hail Mary’ topped the North American box office for a second straight week with USD 54.5 million in ticket sales, industry estimates showed Sunday. The space odyssey, which stars Ryan Gosling as a high school teacher enlisted to save the world, has so far, grossed an estimated USD 300.8 million globally….
Iran’s new Supreme Leader Mojtaba Khamenei has issued a written message thanking the people of Iraq for their support during the ongoing conflict with the United States and Israel, according to Iranian media reports on Sunday.Mojtaba Khamenei, the son of former Supreme Leader Ali Khamenei, who was killed in an airstrike at the start of…
NEW DELHI: Confederation of Indian Industry (CII) on Sunday called upon companies to work with govt to build reserves of raw material, fuel and strengthen supply chains amid disruptions from the West Asia crisis.“The present situation represents a supply side disruption, with pressures transmitted through energy costs, logistics and working capital cycles,” it said in…
MUMBAI: The RBI’s unorthodox move to steady the rupee by forcing banks to unwind foreign exchange positions beyond $100 million will prevent its slide towards 95, even as markets fret over a possible escalation in the Iran conflict and the prospect of a US ground invasion.The move will also cause banks with large open positions…
However, when you hear of food in space, the first thing that comes to mind is tubes and paste. But NASA’s Artemis II is rewriting the entire script. With a carefully selected list of 189 food and drink products, the astronauts are in for a treat as they travel around the moon for 10 days….
NEW DELHI: The ongoing West Asia conflict and concerns over energy supplies have prompted govt to explore faster rollout of flexible-fuel vehicles (FFVs), which can run on blended petrol as well as 100% ethanol. At a meeting called by the petroleum ministry on Saturday, original equipment manufacturers (OEMs) flagged the need to address consumer concerns,…
Aditya Dhar’s Dhurandhar: The Revenge is rewriting box office records, but Ram Gopal Varma is now calling out the film industry for what he describes as a “loud silence” around its success. The Ranveer Singh-led film has crossed a staggering Rs 1,200 crore worldwide, even surpassing the lifetime collections of RRR. Despite its phenomenal run,…
NEW DELHI: The latest Jan Vishwas Bill, moved in Parliament on Friday, has proposed removing imprisonment for several offences related to export of textiles, handloom, and farm products.For instance, under the Textiles Committee Act, exporting and selling textiles or textile machinery in contravention of prescribed order, which can result in a jail term of up…