Business

‘We are very close’ on FTA with India: UK trade minister


London: India and the UK are “very close” to achieving a mutually beneficial free trade agreement (FTA) but the aspects left to agree on are the toughest ones, Britain's Business and Trade Secretary in charge of the negotiations has told a parliamentary panel. Kemi Badenoch was answering questions posed by the cross-party House of Commons...

Apple unveils iPhone 15 series, new Watches


Cupertino (California): Giving its next-generation of iPhones a brand new look and power, Apple debuted the new iPhone series with four models -- iPhone 15, 15 Plus, 15 Pro and 15 Pro Max -- that come with industry-leading features. For the first time, the 'Make in India' iPhone 15 will be available from the...

US inflation rises in August as petrol prices jump


New York: Rising energy costs pushed US inflation above forecasts in August, threatening to complicate the Federal Reserve’s battle to keep prices under control. Consumer prices rose by 3.7 per cent year on year, according to figures released by the Bureau of Labor Statistics, up from 3.2 per cent in July and beating consensus forecasts...

US welcomes India’s move of reducing tariffs on agricultural products


Washington, DC: The United States has welcomed the recent Indian move to reduce tariffs on several American agricultural products. Last week, India agreed to reduce tariffs on certain US products, including frozen turkey, frozen duck, fresh blueberries and cranberries, frozen blueberries and cranberries, dried blueberries and cranberries, as well as processed blueberries and cranberries.  These tariff cuts will expand economic...

Not in negotiations to acquire Haldiram’s: Tatas


New Delhi, Sep 6 (IANS) Tata Consumer has said it is not in negotiations to seek control of snack maker Haldiram’s. In a clarification, Tata Consumer said it is not in negotiations with Haldiram's as reported in media reports. “We are not aware of any information that has not been announced to the Exchanges, which...

Indian regulator issues advisory against antacid Digene Gel


New Delhi: The Drug Controller General of India (DCGI) Rajeev Singh Raghuvanshi has issued an advisory to discontinue the use of antacid Digene Gel manufactured by drugmaker Abbott India at its Goa unit. The DCGI has issued the advisory following a complaint on August 9 alleging that one bottle of Digene Gel mint flavour is...

US economy grew more slowly in second quarter


Washington: The US economy grew more slowly in the second quarter than previously estimated -- a good sign for the Federal Reserve, which is attempting to cool demand to bring down price increases, a media report said. Gross domestic product, the broadest measure of economic output, rose at an annualised rate of 2.1 per cent...

Global uncertainty may keep inflation elevated: Sitharaman


New Delhi: Global uncertainty and domestic disruptions may keep inflationary pressures elevated in coming months, the finance ministry said, adding that this warrants greater vigilance by the government and the Reserve Bank of India. India’s retail inflation, as measured by the Consumer Price Index, jumped to a 15-month high to 7.44% in July from 4.87%...

US economy near stalling point as consumer demand weakens


New York: U.S. business activity approached the stagnation point in August, with growth at its weakest since February as demand for new business in the vast service sector contracted, Reuters reported. S&P Global said its flash U.S. Composite PMI index, which tracks manufacturing and service sectors, fell to a reading of 50.4 in August from...