Business

Caribbean air travel erupted into chaos over the weekend after US military captured Venezuelan President Nicolas Maduro and his wife, prompting sweeping airspace restrictions across the region. According to FlightRadar24, no commercial aircraft were flying over Venezuelan airspace on Saturday. The US Federal Aviation Administration also imposed restrictions that forced major airlines to cancel hundreds…

Cigarettes are set to cost more from next month! The jump in cigarette prices comes after government’s decision to impose an additional excise duty under a revised tax structure, pushing up the tax burden across all categories. The finance ministry notified amendments to the Central Excise Act, introducing an additional excise duty ranging from Rs…

The US commerce department is preparing to ease the steep tariffs planned on Italian pasta imports, reducing the duties proposed earlier this year. Italian pasta had been facing one of the highest tariff burdens among European food products entering the United States. While most European Union goods are already subject to duties of at least…

The ministry of road transport and highways has proposed assigning an Aadhaar-like unique identification number to electric vehicle (EV) batteries to ensure end-to-end traceability and improve recycling efficiency, according to draft guidelines issued by the ministry.Under the proposed framework, battery producers or importers will be required to assign a 21-character Battery Pack Aadhaar Number (BPAN)…

India has set up 132 Compressed Bio Gas (CBG) plants with a combined production capacity of 920 tonnes perday, with more capacity being added under the Sustainable Alternative Towards Affordable Transportation (SATAT) initiative, Union petroleum and natural gas minister Hardeep Singh Puri said on X.In a social media post, the minister said the CBG programme…

File photo (Picture credit: ANI) Foreign institutional investors (FIIs) have begun 2026 on a cautious note, continuing their selling streak in Indian equities after a bruising 2025. In the first two trading sessions of the new year, FIIs sold shares worth Rs 7,608 crore, extending a trend that saw heavy outflows through December, as per…

The impending patent expiry of semaglutide drugs across India, emerging markets and select regulated markets such as Canada and Brazil is expected to create a revenue opportunity of more than Rs 50 billion for generic pharmaceutical companies over the next 12 to 15 months, according to an industry update by Systematix Institutional Research.The report said…

NEW DELHI: Reliance Jio continued its subscriber growth in November 2025, leading the industry in overall wireless additions and active user gains as per the latest monthly subscription data released by the Telecom Regulatory Authority of India (TRAI).The TRAI data showed that Jio added 1.2 million subscribers, extending its lead over Bharti Airtel for the…

File photo: US President Donald Trump US President Donald Trump has said American oil companies will be allowed to move into Venezuela to tap its vast crude reserves following a US military operation that led to the capture of President Nicolás Maduro.Speaking at a press conference on Saturday, Trump said major US energy firms would…

NEW DELHI: Mining giant Vedanta Ltd on Saturday said it has reported a rise in production of aluminium, zinc and iron ore during the December quarter. However, production of steel, and oil and gas dropped during the third quarter of the current fiscal year. The company’s total aluminium production during the quarter rose marginally by…