Business

India and New Zealand on Sunday announced resumption of negotiations for a proposed free trade agreement, after it was stalled in 2015. India and New Zealand began negotiating the Comprehensive Economic Cooperation Agreement (CECA) in April 2010 to boost trade in goods, services, and investment. However, after nine rounds of discussions, the talks stalled in 2015. “The two nations are...

SpaceX’s massive Starship spacecraft exploded in space on Thursday minutes after lifting off from Texas, causing the FAA to halt air traffic in parts of Florida, in the second straight failure this year for Elon Musk’s Mars rocket program.  Several videos on social media showed fiery debris streaking through the dusk skies near south Florida and the Bahamas after Starship...

The Reserve Bank of India said on Monday that it will inject further liquidity into the banking system by conducting open market operation purchase auctions and long-tenure dollar-rupee buy/sell swaps. The RBI will conduct OMO purchases of government securities worth Rs 1 lakh crore in two tranches of Rs 50,000 crore each. The first auction will be held on March...

Tesla, the world’s leading electric vehicle manufacturer, is gearing up to make its official entry into the Indian market with its first showrooms set to open in Mumbai’s Bandra Kurla Complex (BKC) and Delhi’s Aerocity. This marks a significant milestone in India’s automotive landscape, as Tesla sets up its retail and experience centers in the country’s most prime commercial hubs....

Ikea has finally entered the National Capital Region. The Swedish furniture giant is set to begin e-commercecommerce in Delhi-NCR and nine other markets in North India — starting March 1 — as it prepares to open fullsize stores in Gurugram and Noida over the next 2-3 years To read the full article, please visit: https://www.ndtvprofit.com The subsidiary of Netherlands-based Ingka...

Union minister Ashwini Vaishnaw on Tuesday said the first ‘Made in India’ semi-conductor chip would be ready for production by 2025. He made the announcement on the second day of the ‘Global Investors Summit 2025’ organised in Bhopal. “By 2025, the first ‘Made in India’ semiconductor chip would be ready for production,” an official release quoted the Electronics and Information...

Germany’s conservative opposition leader Friedrich Merz said he’ll move quickly to form a new government after he won Sunday’s federal election with a result that will require him to form a coalition. Merz’s CDU/CSU bloc won 28.6% of the votes, followed by 20.8% for the far-right Alternative for Germany, according to the provisional vote count by the Federal Returning Officer. Chancellor Olaf...

The Indian government is set to notify its new Electric Vehicle (EV) policy, which aims to lower import duties and attract global players like Tesla. The policy is expected to mandate a minimum turnover of Rs 2,500 crore by the second year and require an investment of Rs 4,150 crore from interested manufacturers. The proposed policy will allow companies to...

American electric carmaker Tesla is looking to enter India this year and may start selling electric vehicles as soon as April, according to a report. As per the CNBC-TV18 report, Tesla plans to sell imported vehicles from its Berlin plant in India starting in April this year. The channel claimed that the EV maker is planning to offer cheaper EV...

A Delta Air Lines jet flipped on its roof while landing Monday (February 17, 2025) at Pearson Airport in Toronto, Canada, but all 80 people on board survived and those hurt had relatively minor injuries, the airport’s chief executive said. Snow was being blown by winds gusting to 40 mph (65 kph) when the flight from Minneapolis carrying 76 passengers...

BSNL has posted a net profit of Rs 262 crore for December quarter, marking its return to profitability after almost 17 years, Union Minister Jyotiraditya Scindia said on Friday terming it a “significant turning point” for the state-owned telco that has been focused on expansion of service offerings and subscriber base. BSNL scripted an improvement on several counts, clinching 14-18...

India’s retail inflation slowed to a five-month low in January as food price inflation eased, boosting the odds of another rate cut in the South Asian economy where growth is slowing amid the escalating threat of a global trade war. Annual retail inflation (INCPIY=ECI), opens new tab in January was at 4.31%, lower than economists’ estimate of 4.6% and 5.22% in the previous month....