Business

Mumbai: The Reserve Bank Friday enhanced the collateral-free agriculture loans limit to Rs 2 lakh per borrower from the existing Rs 1.6 lakh in view of inflation and rise in farm input costs. At present, banks are required to extend collateral-free agriculture loans up to...

Mumbai: The Reserve Bank of India Friday decided to keep the policy rate unchanged for the 11th time in a row but sharply lowered the GDP growth forecast to 6.6 per cent for the current fiscal, as against earlier projection of 7.2 per cent. The...

New York: Bitcoin has topped the USD 100,000 mark as a massive rally in the world's most popular cryptocurrency sparked by the election of Donald Trump rolls on. The milestone comes just hours after the President-elect signalled a lighter regulatory approach to the crypto industry...

Sambalpur: Mahanadi Coalfields Limited (MCL) has signed a Memorandum of Understanding (MoU) with Foundation for Technology Business Incubator (FTBI) located at National Institute of Technology (NIT), Rourkela, for supporting startups in Odisha, an official statement said. As per the provision of the agreement, MCL will...

Fixed deposits (FDs) have long been a preferred savings instrument for individuals seeking a safe and reliable investment avenue. For senior citizens, fixed deposits hold even greater appeal, thanks to the higher interest rates offered compared to standard deposits. These elevated sr citizen FD rates...

Bhubaneswar: In a concerted effort to strengthen the jackfruit industry in Odisha, the Directorate of Horticulture, under the Department of Agriculture and Farmers’ Empowerment (DA and FE), has signed MoUs with two companies— Artocarpus Foods Pvt Ltd and Nutritivo Food Products LLP. The agreements aim...

Mumbai: Benchmark Sensex advanced 110 points Wednesday, extending its gains to the fourth day in a row helped by buying in HDFC Bank, ICICI Bank and fresh foreign fund inflows. The 30-share barometer rose by 110.58 points or 0.14 per cent to settle at 80,956.33....

Mumbai: Reserve Bank's high-level panel Wednesday started deliberations on the bi-monthly monetary policy amid expectations of status quo on interest rate as the retail inflation is above the upper tolerance level of the central bank. The decision taken at the RBI Governor Shaktikanta Das headed...

ARINDAM GANGULY, OP Bhubaneswar: In a landmark achievement, Odisha exported its largest-ever onroad engineering equipment to Bhutan Tuesday, marking a significant milestone in the state’s manufacturing and export sector under the Make in India initiative. The flag-off event, held at Mancheswar, was inaugurated by MSME...

New Delhi: The Lok Sabha Tuesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees in their accounts. Another proposed change relates to redefining 'substantial interest' for directorships, which could increase to Rs 2 crore instead...