Business

New Delhi: India will grant quota-based duty concessions in the automobile sector, while access to alcoholic beverages has been offered under tariff reduction and minimum import price-based formulations under the trade pact with the US, the government said Monday. It also said that under the...

New Delhi: India's approach on crude oil purchases has been to maintain multiple sources of supply and diversify them to ensure stability in the energy flow, Foreign Secretary Vikram Misri said Monday amid a swirling controversy over Washington's claim that New Delhi has agreed to...

New Delhi: A comprehensive set of rail infrastructure projects has been approved aimed at eliminating congestion, enhancing line capacity, improving safety systems and enabling faster, more reliable passenger and freight movement across the country, the Railway Ministry said Monday. A press statement from the ministry...

New Delhi: A joint platform of 10 central trade unions Monday said that the call for a nationwide general strike on February 12 is on, and not less than 30 crore workers across the country are expected to join the protest. The group of unions...

New Delhi: The draft Income Tax rules that propose to bring sweeping changes ranging from simplified, smart pre-filled forms, to new limits for PAN quoting for transactions such as payment of hotel bills and buying insurance, will come into effect from April 1. The draft...

New Delhi: Draft Income Tax Rules have proposed significantly raising transaction limits for quoting of PAN for cash deposits/withdrawal in banks, purchase of motor vehicles and property, and payment of hotel bills. The draft also proposes raising the value of perquisites provided by employers, and...

Mumbai: Benchmark equity indices Sensex and Nifty extended their gains for the second straight session Monday, driven by optimism over the India-US trade deal and robust buying in public sector banks, consumer durables, and realty stocks. The 30-share BSE Sensex jumped 485.35 points, or 0.58...

New Delhi: Supreme Court Monday described the siphoning of over Rs 54,000 crore by digital frauds as absolute "robbery or dacoity" and asked the Centre to draft a standard operating procedure in consultation with stakeholders like the RBI, banks and the Department of Telecommunications to...

New Delhi: Subscribers of retirement fund body EPFO will be able to withdraw their employees' provident fund (EPF) directly into their bank accounts through UPI payment gateway using its newly designed mobile application to be launched in April this year, a top source said. The...

New York: A distinguished Indian-American maritime executive has been awarded for his leadership in the industry jointly by a UN agency and Bahrain's leading industry chamber. Chairman of maritime company Safesea Group Dr. SV Anchan, was honoured with the ACE Global Bridges 2026 Global Maritime...