Business

Mumbai: Benchmark BSE Sensex dropped by 271 points Monday, marking the second straight day of losses due to selling in IT stocks and a weak trend in global markets after rating downgrade of the US by Moody's Ratings. The 30-share BSE barometer declined 271.17 points...

New Delhi: Supreme Court Monday dismissed petitions filed by telecom operators Bharti Airtel, Vodafone Idea (Vi) and Tata Teleservices, seeking waiver of interest and penalties in their adjusted gross revenue (AGR) dues, terming the petitions "misconceived". The ruling came as the government earlier rejected debt-ridden...

New Delhi: India has made notable progress in enhancing its competitiveness and making its manufacturing sector more attractive to global investors, an S&P Global report said on Monday. While manufacturing value added accounts for a modest 17.2 per cent of the country’s real gross domestic...

New Delhi: The Enforcement Directorate (ED) Monday said it has arrested former UCO Bank CMD Subodh Kumar Goel on money laundering charges in an alleged bank loan fraud case of more than Rs 6,200 crore linked to a Kolkata-based company. Goel was arrested from his...

Male: India has signed 13 MoUs with the Maldives for enhancing ferry services in the island nation with an MVR 100 million grant, expanding maritime connectivity and uplifting community livelihoods. The MoUs signed Sunday are for projects to be implemented under the Indian grant assistance...

New Delhi: Stock markets will be mainly driven by quarterly earnings by corporates, foreign fund flows and global trends this week, analysts said. Updates on global trade deals and their impact on world markets will also be closely tracked, experts noted. "As the India-Pakistan conflict...

New Delhi: The government has received 70 applications for Rs 23,000-crore electronics component manufacturing scheme, and majority of applicants are small and medium enterprises, Union minister Ashwini Vaishnaw said. These applications have come within half a month of opening the window for the scheme "Electronics...

New Delhi: India's smartphone exports surged nearly fivefold to the US and about fourfold to Japan in the past three years, propelling the segment to surpass petroleum products and diamonds as the country's top exported goods, according to government data. The smartphone exports rose by...

New Delhi: Foreign investors continue to show confidence in the country's equity market, infusing Rs 18,620 crore so far this month, driven by a combination of global tailwinds and improving domestic fundamentals. This positive momentum follows a net investment of Rs 4,223 crore in April,...

New Delhi: Nine of the top 10 valued firms added Rs 3.35 lakh crore in their market valuation last week in tandem with a positive trend in equities, led by Reliance Industries. HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, State Bank of India, Infosys,...