NEW DELHI: India and the UK are working on a “unique and creative solution” to address issues arising from Britain’s recent steel safeguard measure, which is delaying the operationalisation of the Comprehensive Economic and Trade Agreement (CETA).The two countries, on July 24, 2025, signed the pact, under which 99% of Indian exports would enter the…

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Indian consumers may soon feel the pinch a little harder.Your budget could be heading for a price hike, even if the warning signs haven’t fully reached the grocery bill yet. Global analytics firm Crisil has flagged that a sharp surge in wholesale inflation may soon enter everyday household expenses, and today’s relatively soft retail inflation…

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Gig workers have called for a temporary nationwide strike on Saturday, asking app-based drivers and delivery workers to cease services from 12 pm to 5 pm to protest against rising fuel prices and low payment rates.The Gig and Platform Services Workers Union (GIPSWU) has appealed to workers to join the shutdown, arguing that increasing petrol…

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MUMBAI: Despite a hike in retail fuel prices for petrol and diesel, stocks of oil marketing companies (OMCs) were deep in the red as market players said the price hike was not enough to offset daily losses these companies are incurring. Reports from Crisil and ICRA indicated that more price hikes are expected. Among the…

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NEW DELHI: India and the United Arab Emirates (UAE) on Friday signed seven key agreements during Prime Minister Narendra Modi’s brief stopover in the Gulf nation, the first leg of his five-country tour that will now take him to Europe.“Substantive outcomes that will add further vigour to the India-UAE friendship,” PM Modi posted on X…

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Wall Street retreated sharply on Friday as a sell-off in artificial intelligence-linked technology stocks and rising concerns over inflation triggered by elevated oil prices pushed major US indices lower from record highs, AP reported.The S&P 500 fell 1.1 per cent after hitting an all-time high a day earlier, while the Dow Jones Industrial Average dropped…

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NEW DELHI: Amid mounting losses, public sector oil firms announced the much-anticipated increase in petrol and diesel prices, raising it by around Rs 3 a litre across metros on Friday, which was lower than expected. Piped kitchen gas prices were, however, left unchanged.Oil company executives did not rule out the possibility of a further increase…

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New Delhi: Strengthening its International feed from Punjab, Air India has started a twice-daily service between Delhi and Ludhiana (Halwara) from Friday. The airline expects a very strong connecting traffic from this flight at its Delhi hub to feed its widebodies operating to rest of the world from IGIA. Ditto on the way back. Meanwhile,…

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The finance ministry has approved Dubai-based Emirates NBD Bank’s proposal to acquire up to 74 per cent stake in private sector lender RBL Bank, PTI reported citing a regulatory filing on Friday.RBL Bank said Emirates NBD Bank (P.J.S.C) has received a letter from the Department of Financial Services dated May 14, 2026 approving the proposed…

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The government on Friday imposed a windfall gains tax of Rs 3 per litre on petrol exports while reducing export levies on diesel and aviation turbine fuel (ATF), as crude oil prices remained elevated amid the ongoing West Asia conflict, PTI reported.The revised rates will come into effect from May 16.According to finance ministry notifications,…

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