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Business News

AIIMS And IIT Kharagpur To Come Together For Academics And Research

The institutions are looking forward to strengthen ongoing activities through collaborative education programs, research and collaboration for management and analysis of hospital data, Prof. P P Chakraborti said

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Banks Set To Raise Lending Rates, Pre-Empting RBI

HDFC Bank, India's second-biggest bank by assets, on Wednesday became the latest to raise some rates by 10 basis points. The same day, the Reserve Bank of India (RBI) kept its policy rate unchanged, to "carefully" nurture economic growth

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India Puts Cap On Sugar That Mills Can Sell To Prop Up Prices

Local sugar prices have fallen 17 percent since the start of the marketing year on Oct. 1 as mills were aggressively selling to pay farmers cane price

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Cummins To Use India To Develop, Test Electric Powertrains For Emerging Markets

Cummins, which is initially developing electric powertrains for buses, is also planning to set up a testing facility in India subsequently, its executive director for electrification, Julie Furber, said on the sidelines of India's biennial auto show near the capital New Delhi

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Diesel Tankers From Middle East, India Make Rare Voyages To NY

As benchmark U.S. diesel prices surged after a cold blast hit the U.S. East Coast, at least six tankers carrying nearly 4 million barrels of diesel from the Middle East and India arrived in New York

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Asian Markets Uneasy As Longer U.S. Debt Yields Verge On 3 Percent

Bond and currency markets were relatively unaffected, as they have been through the Federal Reserve's slow pace of policy rate rises since 2015 and more recent reminders from central banks in Europe and Japan about dialling down on stimulus

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