Business

New Delhi: Union Cabinet Friday approved a subsidy of Rs 12,000 crore under the Pradhan Mantri Ujjwala Yojana (PMUY) for 2025-26, benefitting 10.33 crore households. PMUY was launched in May 2016, to provide free LPG connection to adult women from poor households across the country....

New Delhi: Prime Minister Narendra Modi Friday held a "very good and detailed conversation" with Russian President Vladimir Putin over the phone, during which both leaders not only vowed to further deepen the India-Russia Special and Privileged Strategic Partnership but also held detailed discussions on...

New Delhi: Electric passenger vehicle retail sales jumped 93 per cent year-on-year in July, led by Tata Motors, the Federation of Automobile Dealers Associations (FADA) said Friday. Total electric passenger vehicle registrations rose to 15,528 units last month as compared with 8,037 units in the...

New Delhi: Finance Minister Nirmala Sitharaman Friday withdrew the Income Tax Bill, 2025, in the Lok Sabha, and the government will come out with an updated version of the legislation after incorporating changes suggested by the Select Committee. A new version of the Income Tax...

New Delhi: Cabinet Friday approved Rs 30,000 crore LPG subsidy to state-run oil companies -- Indian Oil Corporation (IOC), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL) -- to compensate for losses incurred from selling LPG at below cost over the past 15 months. The compensation...

Mumbai: Equity benchmark indices Sensex and Nifty tumbled Friday amid non-stop foreign fund outflows and tariff-related jitters. The 30-share BSE Sensex tanked 765.47 points or 0.95 per cent to settle at 79,857.79. During the day, it tumbled 847.42 points or 1.05 per cent to 79,775.84....

New Delhi: Moody's Ratings Friday said India's GDP growth is likely to slow down by about 30 basis points to 6 per cent in the current fiscal if the US implements 50 per cent tariffs from August 27. However, resilient domestic demand and the strength...

New Delhi: The Indian government has neither directed its oil companies to halt nor continue the purchase of Russian oil, instead allowing them the freedom to make procurement decisions purely based on economic considerations, HPCL's chairman said Friday. Russian crude oil made up for just...

New Delhi: India, currently OpenAI's second-largest market, could soon become its largest globally, CEO Sam Altman said Wednesday as the company unveiled its next-generation model, GPT-5, which will be available free to all users. Hailing India as an "incredibly fast-growing" market, Altman noted the remarkable...

New York/Washington: US President Donald Trump has ruled out the possibility of trade negotiations with India, until the issue of tariffs is resolved. “No, not until we get it resolved,” Trump said in the Oval Office Thursday in response to a question on whether he...