Business
Read the latest business and finance news — Indian and global markets, banking, real estate, automobiles, startups and economic policy on Siasat.com.
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India faces fresh US tariff threat over forced labour violations
Hyderabad: The United States has named India among 54 economies it says have failed to prohibit imports of goods produced using forced labour, proposing additional duties of up to 12.5 per cent, even…
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Iran’s inflation hits World War II levels, deepening economic pain
Dubai: Year-on-year inflation in Iran reached a level in May unseen since World War II, underlining the economic pain average Iranians face as the Islamic Republic worries about the war with Israel…
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Fuel price surge could drive consumer prices higher in coming months: Crisil
New Delhi: Rising petrol and diesel prices are poised to add fresh inflationary pressures to India’s economy, with higher transport and manufacturing costs expected to feed through to consumer prices in the…
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Demand for EVs rises in May as fuel prices go up amid US-Iran war
New Delhi: India’s electric vehicle (EV) market registered an increase in demand during May this year, as higher fuel prices pushed more buyers towards battery-powered alternatives, according to reports by Nomura and…
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LIC plans foray in fintech space, strategic investment also on table: CEO Doraiswamy
New Delhi: Insurance giant LIC is actively considering establishing a fintech arm either through strategic investment or organic way to cater to its growing digital needs, CEO and MD R Doraiswamy said.…
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BITS Pilani to set up startup incubators in Telangana in partnership with T-Hub
Hyderabad: BITS Pilani will be setting up two startup incubators in Telangana, each at a cost of Rs 10.70 crore by partnering up with T-Hub, Minister for Women and Child Welfare Danasari…
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Indian-owned companies in UK surge in record investment year: Report
London: The number of Indian-owned companies in the United Kingdom surged by nearly 60 per cent year-on-year to rise to 1,912 with a combined turnover of 105.77 billion pounds (approximately Rs 13.48 crore), according…
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Delhi HC holds Google liable for selling a brand’s goodwill it didn’t own
New Delhi: The Delhi High Court has fined Google Rs 30 lakh for misusing the registered trademark “HINDWARE” as an auctionable advertising keyword, ruling that the tech giant was effectively selling the “commercial…
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Geopolitical tensions biggest threat to India’s growth: RBI Annual Report
Mumbai: Robust macroeconomic fundamentals will support the growth trajectory of the Indian economy in the current fiscal year despite headwinds from elevated energy prices, supply chain disruptions and global markets, the Reserve…
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Blue Origin rocket explodes on the launch pad during an engine-firing test
A rocket belonging to Jeff Bezos’ Blue Origin exploded during a test at the launch pad Thursday night, shaking nearby homes and briefly painting the sky orange. Blue Origin said its New…
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Hyderabad construction firm directors booked for Rs 4.52 crore fraud
Hyderabad: The Cyberabad Police on Thursday, May 28, booked three directors of a Hyderabad-based construction firm for allegedly defrauding investors of Rs 4.52 crore by promising returns of 24 per cent. According to…
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Dr Reddy’s to ring closing bell at NYSE, marking 25 years of listing
Hyderabad: Pharma major Dr Reddy’s Laboratories on Thursday, May 28, said it has been invited to ring the closing bell at the New York Stock Exchange (NYSE) to mark 25 years of its…
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Prime Raidurg land fetches Rs 237 cr per acre in TGIIC auction
Hyderabad: The most-awaited Raidurg e-auction of plots has fetched an exceptional price of approximately Rs 237 crore per acre on Thursday, May 28. The auction marked a substantial 70.5 percent surge above…
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Oil prices climb, but US stocks hold near their records
New York: Oil prices are clawing back some of their sharp drops from earlier in the week on Thursday, but US stocks are remaining near their records as companies like Dollar Tree,…
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Ola Electric secures approval for commercial e-scooter launch
New Delhi: Ola Electric has secured regulatory approval for a new electric scooter aimed at India’s commercial mobility market, according to a government certification document, signalling the company may be preparing to…
