Business

Piyush Goyal: Balance of payments to be ‘very, very strong’ this year | India Business News

Commerce and industry minister Piyush Goyal (File photo) NEW DELHI: India’s balance of payments this year is going to be “very very strong” on the back of significant improvement in exports and a fall in imports, commerce and industry minister Piyush Goyal said on Monday. He said that “good” green shoots are visible in the […]

Business

Saudi Aramco’s Profit Plunges Amid Oil Slump: Live Updates

Here’s what you need to know: A Saudi Aramco offshore oil platform in 2018. The giant oil company will continue paying a large dividend despite sharply lower profits.Credit…Mohamed Alebn Alshaikh/Saudi Aramco, via Agence France-Presse — Getty Images Saudi Aramco, the world’s largest oil company, said on Sunday that its quarterly earnings plunged more than 73 […]

Business

Government to promote manufacturing of some products to boost market share

Union minister Nitin Gadkari (File photo) NEW DELHI: The government plans to promote the manufacturing of selected products, especially lines in which China enjoys a big share in the global market, as part of efforts to reduce imports and push exports, cabinet minister Nitin Gadkari said on Monday. The government aims to attract foreign investments […]

Business

Twitter, TikTok had preliminary talks about merger: Report

(Representative image) NEW DELHI: Twitter Inc has held early talks about a potential combination with TikTok, the Chinese-owned video-sharing app that the Trump administration has declared a national-security threat, Dow Jones reported, citing sources familiar with the matter. It’s unclear whether Twitter will pursue a deal, which would involve TikTok’s US operations, the sources said. […]

Business

Special Economic Zones: Andhra, Punjab, TN among states ready with land parcel data to woo investors

(Representative image) NEW DELHI: The government’s move to keep land parcels ready for investors to quickly decide on investment destinations is expected to begin in close to half-a-dozen states, while it is seeking to gradually move to a single-window clearance mechanism. States such as Andhra Pradesh, Telangana, Tamil Nadu, Punjab and Odisha are among early […]