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De-dollarisation of oil purchases has never been objective: Hardeep Puri

De-dollarisation of oil purchases has never been objective: Hardeep Puri

Responding to questions about fuel costs, he said India is the only country where petrol prices have decreased in the past three years, citing excise tax cuts by the Centre in November 2021 and May 2022.


Services sector growth pushes India’s private sector output to 6-month high

Services sector growth pushes India’s private sector output to 6-month high

Private sector output in India increased at the fastest pace in six months during February, amid a quicker expansion in services activity, according to the HSBC flash Purchasing Managers’ Index (PMI) survey released on Friday.


Exclusive | TikTok receives $50 billion offer from US entrepreneur Reid Rasner to buy app

Exclusive | TikTok receives $50 billion offer from US entrepreneur Reid Rasner to buy app

Others rumored to have interest include Tesla and SpaceX founder Elon Musk as well as billionaire Frank McCourt and “Shark Tank” star Kevin O’Leary, who have said they have $20 billion in commitments as part of a plan to buy the TikTok brand and rebuild its algorithm from scratch on US soil.


Daughters of Target’s late cofounder “alarmed” over company’s rollback of DEI efforts

Daughters of Target’s late cofounder “alarmed” over company’s rollback of DEI efforts

The daughters of one of the cofounders of Target are expressing their alarm and shock at the discounter's recent moves to roll back its diversity, equity and inclusion initiatives that have come under attack from conservative activists and as of last month, the White House.


Trump closed a loophole for cheap Chinese imports — until all hell broke loose: ‘You just can’t snap your fingers’

Trump closed a loophole for cheap Chinese imports — until all hell broke loose: ‘You just can’t snap your fingers’

Logistics experts say it was impossible for major parcel carriers, e-commerce platforms, the US Postal Service and US Customs and Border Protection (CBP) to overhaul their operations in a matter of days to begin collecting tariffs on previously exempt goods, especially with millions of de minimis packages already en route from China.


Elon Musk says ‘scary-smart’ Grok 3 outperforms rival AI chatbots, will release in about two weeks

Elon Musk says ‘scary-smart’ Grok 3 outperforms rival AI chatbots, will release in about two weeks

On Monday, a group of investors led by Musk said it had made a shocking $97.4 billion offer to buy the assets of OpenAI’s nonprofit in an attempt to stop the company from transitioning to a for-profit structure.


Trump slams ‘Bidenflation’ after prices rise more than than expected in January

Trump slams ‘Bidenflation’ after prices rise more than than expected in January

“If consumer prices or inflation expectations rise any further, it is quite possible that the Fed’s next move is to raise short term interest rates,” Skyler Weinand, chief investment officer at Regan Capital, wrote in a note.


‘Music to my ears’: Hardeep Singh Puri on Trump admin’s stance on energy

‘Music to my ears’: Hardeep Singh Puri on Trump admin’s stance on energy

When asked if Prime Minister Narendra Modi will discuss nuclear energy, including small and modular reactors, during his meeting with US President Donald Trump this week, Puri said, “Oh absolutely!


Four listed REITs distribute Rs 1,505 crore to unitholders in Q3

Four listed REITs distribute Rs 1,505 crore to unitholders in Q3

According to a report by Vestian, an occupier-focused workplace solutions firm, 60 per cent of India’s total Grade-A office space qualifies as Reit-worthy, spanning an area of 526.3 million square feet (msf) with a building value of Rs 4.5 lakh crore.


Trump to announce 25% steel and aluminum tariffs in latest trade escalation

Trump to announce 25% steel and aluminum tariffs in latest trade escalation

President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the US, on top of existing metals duties, in another major escalation of his trade policy overhaul.


PVR INOX returns to profitability, banks on strong movie lineup in 2025

PVR INOX returns to profitability, banks on strong movie lineup in 2025

However, the company said in a statement that despite these successes, overall momentum of Q3FY25 was impacted by the rescheduling of key films like Aamir Khan’s ‘Sitare Zameen Par’ and Vicky Kaushal’s ‘Chhaava’ among others.


Opening up high-band spectrum not enough for 5G, mid-band needed: Telcos

Opening up high-band spectrum not enough for 5G, mid-band needed: Telcos

Globally, the move by the United States to make the 6 GHz band available for unlicensed use has created a trend in many countries like Brazil and Saudi Arabia.