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Hyderabad: State-run miner NMDC Limited on Friday said it has become the first mining company in India to produce 50 million tonnes of iron ore in a single financial year, reaching the milestone just before the close of FY 2025-26.The Hyderabad-based Navratna CPSE under the ministry of steel said the achievement marks a major step…

India’s ‘accessible’ luxury watch segment is emerging as one of the fastest-growing segments as consumers increasingly upgrade to premium timepieces. The momentum is expected to accelerate further with the India-EFTA Trade and Economic Partnership Agreement, which will gradually lower import duties to nil on European watches over the next four-five years, drawing greater interest from…

US stock indexes traded mixed to lower in choppy dealings on Friday morning as the fallout from the war with Iran kept pressure on oil prices and added to concerns about the global economic outlook.The S&P 500 slipped 0.2 per cent after rising as much as 0.9 per cent earlier in the session. The Dow…

India is temporarily reverting to use of kerosene and alternate fuels such as coal and biomass for cooking as disruptions in Middle East strain LPG supply chains. The measures follow the effective shutdown of the Strait of Hormuz, a vital maritime corridor between Iran and Oman through which a large share of global oil and…

India is examining the United States’ move to initiate Section 301 investigations against a group of 16 trading partners and will take an appropriate position after analysing the legal and economic aspects, PTI reported citing an official on Friday.On March 11, the Office of the United States Trade Representative (USTR) announced probes into countries including…

Benchmark equity indices Sensex and Nifty ended sharply lower on Friday as escalating conflict in West Asia and rising crude oil prices weighed heavily on investor sentiment. Weak global cues, persistent foreign fund outflows and rupee weakness further added to the pressure on domestic markets.Declining for the third straight session, the 30-share BSE Sensex plunged…

Asian equity markets are facing heightened volatility after geopolitical tensions in the Middle East triggered sharp swings in oil prices and global risk sentiment, exposing uneven vulnerabilities across the region, according to a report by Moody’s Analytics.The report said the conflict sent “shock waves through global financial markets”, with Brent crude briefly surging to around…

The US economy expanded at a markedly slower pace in the final quarter of 2025 than previously estimated, according to government data released on Friday, as consumer demand and public spending turned out weaker than earlier projected.The Commerce Department said gross domestic product (GDP) grew at an annual rate of 0.7 per cent in the…

Gold prices slipped by Rs 992 to close at Rs 1.59 lakh per 10 grams in futures trade on Friday, following a weaker trend in international markets and a firmer US dollar. On the Multi Commodity Exchange, April gold contracts fell 0.62%, or Rs 992, to Rs 1,59,279 per 10 grams, with 7,891 lots changing…