Business

Washington: Gita Gopinath, the First Deputy Managing Director (FDMD) of the International Monetary Fund (IMF), will be stepping down from her role in August 2025 to return to academia at Harvard University, the IMF announced. Gopinath, a trailblazer in international economics, will be taking on...

Kathmandu: India and Nepal Monday signed an agreement to implement five "high-impact" development projects related to education and health in the Himalayan nation under an Indian grant assistance of NRs 390 million, according to an official statement. The Embassy of India and Nepal's Ministry of...

New Delhi: Commerce and Industry Minister Piyush Goyal will accompany Prime Minister Narendra Modi to London for the signing of the free trade agreement between India and the UK on July 24, an official said Monday. The two countries announced the conclusion of the negotiations...

New Delhi: India's eight core infrastructure sectors' growth slowed down to 1.7 per cent in June 2025 from 5 per cent in the same month last year, according to the government data released Monday. The expansion during the month under review is slightly up as...

New Delhi: The government has been taking a multi-pronged approach to sustain economic growth amid global uncertainties, Minister of State for Finance Pankaj Chaudhary said Monday. "The estimate of fiscal deficit for the year 2025-26, as presented in the Union Budget 2025-26, is at 4.4...

New Delhi: A Parliamentary panel, which examined the new Income Tax Bill, Monday suggested that the Finance Ministry should allow individual taxpayers to claim TDS refunds by filing I-T returns after the due date without penalty, and exempt anonymous donations made to religious-cum-charitable trusts from...

Mumbai: Benchmark BSE Sensex surged by 442 points while Nifty closed above the 25,000 level Monday following buying in blue-chip private banking shares HDFC Bank and ICICI Bank after their quarterly earnings. Snapping the two-day falling streak, the 30-share BSE Sensex climbed 442.61 points or...

Bhubaneswar: In a strategic boost to aviation infrastructure, the Odisha government has completed all formalities for establishing the state's first Maintenance, Repair, and Overhaul (MRO) facility in Bhubaneswar, marking a significant leap in creating aviation-linked economic ecosystems, an official said. Anchored by the commerce and...

New Delhi: Trading sentiment in the stock market this week will be guided by quarterly earning announcements from blue-chips such as Infosys and Bajaj Finance, the outcome of India-US trade talks and global cues, analysts said. Markets Monday may react to the quarterly results of...

New Delhi: Indian cryptocurrency exchange CoinDCX has suffered a security breach, resulting in theft of USD 44.2 million, or Rs 378 crore, even as the founders took to X to reassure that customer funds remained unaffected and safe, with the compromise limited to an internal...