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Mexico welcomes US decision to waive tariffs on auto parts under USMCA

May 3, 2025

Mexico City, May 3 (IANS) Mexico has welcomed a US decision to exempt Mexican auto parts from tariffs under the United States-Mexico-Canada Agreement (USMCA), calling it a major breakthrough for the country's manufacturing sector. Secretary of Economy Marcelo Ebrard said on Friday that the exemption was confirmed in new US customs guidance…

Centre holds high-level meeting to strengthen energy security in Tamil Nadu

May 2, 2025

Chennai, May 2 (IANS) A high-level meeting was held here on Friday between Coal Secretary Vikram Dev Dutt and Tamil Nadu Chief Secretary N. Muruganandam on enhancing energy security in the state.The deliberations focused on the state’s…

Business

RBI panel suggests extending call money market timings to 7 p.m.

May 2, 2025

Mumbai, May 2 (IANS) A working group set up by the Reserve Bank of India (RBI) has recommended extending the trading hours for the call money market.The group suggested that the trading window should remain open till 7 p.m. instead of the…

Business

Illicit Trade Index: Pakistan loses Rs 3.4 trillion annually due to smuggling

May 2, 2025

Islamabad, May 2 (IANS) The menace of illicit trade is causing an annual revenue loss of Rs 3.4 trillion to Pakistan, about 30 per cent of which is due to the exploitation of the Afghan Transit Trade facility. The figures were revealed in…

Business

SC orders liquidation of BPSL, sets aside JSW Steel’s resolution plan

May 2, 2025

New Delhi, May 2 (IANS) The Supreme Court on Friday ordered the liquidation of cash-strapped Bhushan Power and Steel Limited (BPSL), holding that JSW Steel’s resolution plan for the bankrupt company was not in consonance with the provisions…

Business

IndiaAI Mission, Intel India tie up to advance AI capabilities and skilling

May 2, 2025

New Delhi, May 2 (IANS) The India AI Mission, under the Ministry of Electronics and Information Technology (MeitY), on Friday announced a collaboration with Intel India to advance Artificial Intelligence (AI) capabilities and skilling.The…

Business

India’s forex reserves surge past $688 billion mark

May 2, 2025

Mumbai, May 2 (IANS) India's foreign exchange reserves rose for the eighth straight week to touch $688.13 billion as of April 25, according to the latest RBI data released on Friday.The foreign exchange kitty surged by $1.98 billion during…

Business

Ola Electric delays Roadster X deliveries again, shares down over 43 pc

May 2, 2025

New Delhi, May 2 (IANS) Ola Electric has once again delayed the delivery of its Roadster X motorcycle, marking the second such postponement in just two months.In a stock exchange filing, the company informed that deliveries would now begin…

Business

WAVES 2025: Nifty Waves Index launched to track media, gaming and entertainment sector

May 2, 2025

Mumbai, May 2 (IANS) The National Stock Exchange (NSE) on Friday launched a new stock market index called the ‘Nifty Waves Index’ to track the performance of companies in the media, entertainment and gaming industry.As per NSE's factsheet,…

Business

98.24 percent of Rs 2,000 banknotes have been returned: RBI

May 2, 2025

Mumbai, May 2 (IANS) As many as 98.24 per cent of the Rs 2,000 banknotes which were in circulation as on May 19, 2023, have now been returned with the total value of such notes outside the banking system coming down to Rs 6,266 crore at the…

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