Business

Bengaluru: The Karnataka High Court has directed Google India and three of its senior executives to deposit 50 per cent of the penalties imposed for alleged Foreign Exchange Management Act (FEMA) violations, as bank guarantees. The Enforcement Directorate (ED) had earlier levied a penalty of...

Mumbai: India’s frontline equity indices Tuesday surged in a massive bull rally in the early trade, as positive global cues improved investors' sentiment. After the opening bell, the Nifty 50 was trading 467 points or 2.05 per cent higher at 23,295.55, and the Sensex was...

New Delhi: The Uttar Pradesh government and iPhone maker Foxconn have started discussions to set up an electronics manufacturing unit in the state, sources aware of the development said. The investment pitch was made by Invest UP to Foxconn at the time of the final...

New Delhi: The country's largest lender State Bank of India (SBI) has reduced its lending rate by 25 basis points following the Reserve Bank's policy rate cut, making loans cheaper for both existing and new borrowers. With the latest round of reduction, the Repo Linked...

Brussels: The Belgian Federal Public Service (FPS) of Justice Monday confirmed the arrest of fugitive diamantaire Mehul Choksi, who is wanted in connection with the Punjab National Bank (PNB) loan fraud case in India, revealing that the Indian authorities have already introduced an extradition request...

New Delhi: Drugmaker Dr Reddy's Laboratories is allegedly reducing its workforce costs by nearly 25 per cent, and also laying off employees earning above Rs 1 crore yearly, according to media reports. The company reportedly has also offered voluntary retirement to employees aged 50-55 within...

New Delhi: India Sunday carried out a successful trial of a laser-directed energy weapon system, joining a select group of nations having the new-age armament used to bring down hostile drones and unmanned aircraft. The Defence Research and Development Organisation (DRDO) said the weapon system...

New Delh: Hariprasad SV, the whistle-blower in the multi-crore Punjab National Bank (PNB) scam, has welcomed the arrest of fugitive diamantaire Mehul Choksi in Belgium and strongly urged Indian authorities to ensure his extradition, warning that failure to do so would mean a 'national failure'....

New Delhi: The commerce and industry ministry will allocate a major part of the second Rs 10,000 crore Fund of Funds Scheme (FFS) for startups to budding entrepreneurs in sectors such as new-age technology, artificial intelligence, and machine building, an official said. In the Budget,...

Bangkok: China's exports jumped 12.4 per cent in March from a year earlier as companies rushed to beat increases in US tariffs imposed by US President Donald Trump, the government said Monday. Imports fell 4.3 per cent, the customs administration reported. It said exports from...