Economy

New Delhi:  India's oil product demand in May was up 860,000 barrels per day or 22 per cent year-on-year from a low base in 2021, S&P Global Commodity Insights said in a note. The demand for May was some 80,000 barrel higher than its…
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Bangalore:  The Federation of Indian Mineral Industries (FIMI) has written to the Karnataka government to raise an objection to the latter's recent guidelines on the dispatch and transportation of iron ore from the districts of Bellary,…
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New Delhi:  Domestic equity benchmark indices settled Tuesday's trade on a negative note amid volatile global trade. With Tuesday's slump, the indices declined for the seven out of the past eight sessions. Sensex closed at 52,693.57…
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New Delhi: Power company Essar Power with over 25 years of track record has once again surpassed its own bench mark in Health, Environment and Safety (HSE) aspects. The company has achieved a remarkable feat of 6,948 Lost Time Accident…
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Beijing:  Chinese carmaker Geely has acquired Meizu, the Alibaba Group-backed smartphone maker, as the automaker plans to bolster its connected ecosystem. Hubei Xingji Shidai Technology, a venture by Geely founder Li Shufu, has bought a…
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Chennai:  The Tamil Nadu government and Tata Technologies Ltd have signed a five year agreement to transform 71 of the former's Industrial Training Institutes (ITI) into technology centres at an outlay of Rs 2,204 crore. The revamped…
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New Delhi: The Indian currency is expected to remain under pressure in the near-term amidst a combination of negative global cues as well as domestic factors at play, said Bank of Baroda in a report. However, the central bank RBI is…
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New Delhi:  It is widely believed that the last half a decade has been challenging for India. However, at the same time, it is also interesting to note that the phase has seen much more structured and meaningful reform taking place than…
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New Delhi: India's wholesale inflation gauged by the Wholesale Price Index, with base year as 2011-12, rose to a record high of 15.88 per cent in May 2022 from 15.08 per cent in April, official data revealed on Tuesday. The wholesale…
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Lucknow: The tourism and hospitality sector in Uttar Pradesh is witnessing a rapid recovery in the post-Covid scenario leading to a surge in demand for hotel rooms and allied hospitality services. This sector was among the worst-hit by…
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