MENU 
MUMBAI: Benchmark BSE Sensex declined by nearly 53 points in a volatile trade on Tuesday amid weak trends from Asian and European markets and fresh foreign fund outflows. The 30-share Sensex declined 52.63 points or 0.07 per cent to settle at 73,953.31. During the day, it hit a high...
MUMBAI: The Reserve Bank of India (RBI) is likely to transfer approximately Rs 1 lakh crore to the government IN FY25 according to a report by Union Bank of India. The report said that RBI is anticipated to maintain a robust dividend payout for the fiscal year 2025 (FY25)....
NEW DELHI: 5G may be touted as one of the fastest-growing mobile offerings in India, but poor quality of services has raised concerns within govt, which has now decided to tighten the quality norms to ensure reduction in call drops and better internet speed. “We are concerned on the...
NEW DELHI: The Centre has asserted that the Faster Adoption and Manufacturing of Electric (& Hybrid) Vehicles in India (FAME-II) guidelines were clear and the companies defaulted the guidelines knowingly. The Ministry of Heavy Industries has formed a panel headed by the Additional Secretary to investigate the FAME-II scam...
NEW DELHI: The share of women employed in regular salaried jobs in urban India hit a fresh low in the January-March quarter (Q4) of 2023-24 (FY24). In the same period, the share of women engaged in self-employment went up. An analysis of the latest quarterly Periodic Labour Force Survey...
NEW DELHI: The government has recovered about Rs 852 crore under the amnesty scheme for exporters for one-time settlement of default in export obligation by the holders of advance and EPCG authorisations, an official said. The figures are likely to increase further as the exercise is on for the...
NEW DELHI: Reliance Industries Ltd has sought access to pipelines and storages that public sector oil companies have built over the years for supplying jet fuel (ATF) from depots and oil refineries to airports, as it looks for a larger pie of fuel trade at some of Asia’s busiest...
NEW DELHI: The commerce ministry has held detailed discussions with senior officials of different departments and trade experts on formulating standard operating procedures (SOP) for negotiating free trade agreements (FTAs), an official said. To discuss the various aspects of these agreements, the commerce ministry has organised a two-day ‘Chintan...
NEW DELHI: The government on Saturday said India is expecting good response from many automobile companies on its electric-vehicle (EV) policy, which was released in March to attract global players like Tesla. Secretary in Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that in...
NEW DELHI: India has recently relaxed foreign direct investment norms in the space sector and there is a possibility of further FDI liberalisation in certain other areas when the new government will come to power, a top official said on Saturday. Secretary in Department for Promotion of Industry and...
NEW DELHI: The demand of zinc is expected to double in India in the next five to 10 years on the back of huge investments in infrastructure sector, including steel, International Zinc Association said on Sunday. The demand for zinc in India depends largely on the growth of the...
NEW DELHI: The telecom regulator will strengthen rules around pesky communications and also send its recommendations to the government soon if OTT communication players such as WhatsApp, Signal, Telegram, etc, need to be regulated. Telecom Regulatory Authority of India (Trai) chairman Anil Kumar Lahoti Friday told reporters that recommendations...
NEW DELHI: The United Nations raised India’s 2024 growth forecast to 6.9% from 6.2% projected earlier, on the back of a strong domestic economy. “India’s economy is forecast to expand by 6.9% in 2024 and 6.6% in 2025, mainly driven by strong public investment and resilient private consumption,” the...
NEW DELHI: Global automakers are likely to get relief as the government may consider existing investments in electric vehicle (EV) manufacturing for import concessions. Under the new EV policy, these companies may qualify for a lower import duty of 15% for a three-year period. However, officials said the decision...
NEW DELHI: Finance Minister Nirmala Sitharaman on Friday said the country needs to ramp up its manufacturing sector to increase its share in the global value chain and become ‘Atmanirbhar’. Addressing the captains of the Indian industry at a CII Annual Business Summit, the minister also underlined the need...
MUMBAI: The Reserve Bank of India has urged asset reconstruction companies (ARCs) to follow the regulations in letter and spirit, and directed them to conduct the recovery process responsibly by following transparent and non-discriminatory practices. his was conveyed by senior RBI officials at a closed-door conference the banking regulator...
Secretary, Ministry of Steel, Nagendra Nath Sinha said on Friday that the government is working on introducing a green hydrogen-based process in the steel industry where the iron will be directly reduced with 100 per cent hydrogen, resulting in a sharp reduction in carbon emissions. “This technology for Direct...
India is seeking more data, and greater transparency from its steel-makers on embedded carbon-emissions during the metal-making process, especially with CBAM getting into the transitional phase. The steel industry, in India, accounts for roughly 12 per cent of the total CO2 emissions, registering an average emission intensity of 2.6...