Business

Mumbai: The rupee plunged 98 paise to close at its lifetime low of 89.66 against the US dollar Friday, due to a huge demand for the greenback in the domestic forex market amid widespread selling pressure in local and global equities and trade-related uncertainties. Concerns...

Bhubaneswar: Odisha government Friday approved a policy aimed to position the state as a hub for Global Capability Centres (GCCs) by offering a comprehensive set of incentives, an official said. A GCC is an entity established by a multinational company to centralise and perform key...

New Delhi: In a historic decision, the government Friday announced the implementation of the four Labour Codes, which rationalised 29 existing labour laws, with immediate effect. The four labour codes are: the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social...

Mumbai: Snapping the two-day rally, benchmark indices Sensex and Nifty closed lower Friday mainly due to weak global trends and fading hopes of a rate cut by the US Federal Reserve in December. The 30-share BSE Sensex declined 400.76 points or 0.47 per cent to...

New Delhi: Reliance Industries Ltd has said it has halted the use of Russian crude at its export-only refinery in Jamnagar, Gujarat, as the company moves to comply with European Union sanctions. Reliance is India's largest buyer of Russian oil, which it processes and turns...

New Delhi: India and Afghanistan have decided to appoint dedicated commercial attachés in each other's capitals to revitalise bilateral trade, currently valued at over USD 1 billion. The decision was taken during a bilateral meeting between Afghanistan's Minister of Industry and Commerce Hajji Nooruddin Azizi...

New York/Washington: The Trump administration has sanctioned entities and individuals from India involved in sales of Iran's petroleum and petroleum products, saying the funds from this trade support Tehran's regional terrorist proxies and procure weapons systems that are “a direct threat” to the US. The...

Tel Aviv: India and Israel Thursday inked terms of reference (ToR) to formally launch negotiations for a free trade agreement, Commerce and Industry Minister Piyush Goyal said. The ToR include market access for goods by eliminating tariff and non-tariff barriers, investment facilitation, simplification of customs...

Mumbai: Indian equity markets ended higher Thursday, with both the Sensex and Nifty moving closer to the record levels last seen in September 2024. Strong buying in Financials and Oil and Gas stocks, along with positive global cues, boosted overall market sentiment. The Sensex rose...

New Delhi: The Enforcement Directorate (ED) has attached fresh assets worth more than Rs 1,400 crore as part of a money laundering probe related to Reliance Group chairman Anil Ambani and his companies, official sources said. The federal investigative agency had earlier attached properties worth...