Global Market

Global market in turmoil over ruptured US-China trade truce; Beijing warns of retaliation to further tariff hikes

The sudden rupture in the trade talks between the US and China roiled global stock markets this week, inflaming anxieties among exporters, markets and industries.

Rupee falls 19 paise to 69.15 in early trade on crude oil price rise, increased demand for greenback from importers

At the interbank forex market, the rupee opened lower at 69.11 and weakened further to 69.17 on increased demand from importers.

Govt plans to provide credit guarantee up to Rs 100 cr, interest subsidy on loans for electronic mfg firms

The government will provide up to 50 percent guarantee cover of the sanctioned loan amount.

Govt to set up medical devices promotion body to boost manufacturing, attract investments

Medical devices industry plays a critical role in the healthcare ecosystem and is indispensable to achieve the goal of health for all citizens.

Wipro and Israel Aerospace to join hands in a strategic alliance to make composite aerospace structures

Wipro announced a strategic alliance with Israel Aerospace Industries (IAI) to make composite aerostructure parts and assemblies in India to sell globally.

Start-ups team-up for currency processing platform on Blockchain

Two London-based start-ups have joined forces on a platform to process currency trades with blockchain technology, in an effort to cut settlement times and costs in the $5 trillion-a-day global foreign exchange market.

Reforms needed at municipal, panchayat levels to improve ease of doing business, says Jaitley

"Reform is required at the lower level (civic bodies) along with Centre and state efforts to improve ease of doing business," Jaitley stressed.

Going global: PM Modi urges Varanasi weavers to bet on e-commerce

Pitching for modernisation of the textile sector, Prime Minister Narendra Modi on Friday asked the weavers to utilise the growing e-commerce market to reach out to global consumers even as he announced a package of Rs 2,375 crore to revive banks in eastern UP.