Business

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...

New Delhi: Domestic export sectors such as leather, footwear, gems and jewellery, textiles and shrimp will be severely impacted by the imposition of the 50 per cent tariff by the US, say industry experts. US President Donald Trump Wednesday slapped an additional 25 per cent...

Mumbai: The Reserve Bank of India (RBI) kept its policy interest rate unchanged Wednesday as it appeared to have taken a wait-and-watch approach to assess the full unveiling of US President Donald Trump's trade policies as well as transmission of past rate cuts. The six-member...

Washington: US President Donald Trump Wednesday announced that he has signed an executive order imposing an additional 25 per cent tariff on imports from India, citing the country’s continued purchase of Russian oil. The White House said the decision is aimed at strengthening measures taken...