Business
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“Geopolitical Earthquake”: UAE quits OPEC to defy Saudi energy dominance, says analysis
May 2, 2026Abu Dhabi , May 2 (ANI): In a move that has been described by analysts as a "watershed moment" for West Asia, the United Arab Emirates on Tuesday announced its withdrawal from the OPEC and OPEC+... -
AI capex boom strains hyperscalers’ cash flow as DRAM makers gain pricing power, says Jefferies
May 2, 2026New Delhi , May 2 (ANI): The AI infrastructure spending spree by US hyperscalers is showing signs of strain, with capital expenditure now consuming nearly all of their operating cash flow, even as Dynamic Random Access... -
“I’m not satisfied”: Trump on Iran’s new proposal to end war, says “not sure” if deal be reached
May 1, 2026Washington DC , May 1 (ANI): US President Donald Trump on Friday expressed dissatisfaction with Iran's latest proposal aimed at ending the ongoing conflict, while also casting doubt on whether a final agreement can be reached.Speaking... -
US warns shippers of sanctions if they pay “toll” to Iran for Hormuz passage
May 1, 2026Washington DC , May 1 (ANI): The US Treasury Department on Friday warned shipping companies and maritime operators of potential sanctions if they make payments to Iran for safe passage through the strategic Strait of Hormuz.According... -
DPIIT Secretary reviews industrial corridor projects in Haryana, Rajasthan; pushes faster execution
May 1, 2026New Delhi , May 1 (ANI): Department for Promotion of Industry and Internal Trade (DPIIT) Secretary, Amardeep Singh Bhatia, on Friday reviewed key projects under the National Industrial Corridor Programme in Haryana and Rajasthan, with a... -
West Asia tensions: Govt keeps petrol, diesel, LPG prices unchanged amid supply concerns
May 1, 2026New Delhi , May 1 (ANI): The government on Friday said retail fuel prices will remain unchanged and supply of petrol, diesel and domestic LPG continues to be stable, even as it takes multiple steps to... -
Ravi K assumes charge as HAL CMD, pitches AI-led transformation and global expansion
May 1, 2026Bengaluru (Karnataka) , May 1 (ANI): Ravi K on Friday assumed charge as the 22nd Chairman and Managing Director of Hindustan Aeronautics Limited (HAL), succeeding Dr D K Sunil, who superannuated on April 30, according to... -
West Asia crisis: Drone industry lauds govt’s no-penalty relief for disrupted contracts
May 1, 2026New Delhi , May 1 (ANI): The drone industry has welcomed the government's decision to grant deadline extensions and waive penalties for contracts with government entities disrupted due to the ongoing West Asia situation, calling it... -
India in talks with Nepal for ethanol exports, exploring shipments to SAARC nations: GEMA President
May 1, 2026By Kaushal Verma New Delhi , May 1 (ANI): India is in talks with Nepal for ethanol exports and is also exploring opportunities to supply ethanol to SAARC nations, CK Jain, President of the Grains Ethanol... -
Strong GST numbers mask weak domestic growth, import surge: Experts
May 1, 2026New Delhi , May 1 (ANI): India's GST collections in April crossed the Rs 2 lakh crore mark once again, but experts say the growth was largely driven by import-linked revenues, even as domestic momentum remained...
