Business

New Delhi: The Enforcement Directorate Wednesday said it has registered a FEMA case against Flipkart-backed e-commerce platform Myntra, linked companies and directors for FDI ‘contravention’ of over Rs 1,654 crore. The complaint has been filed under Section 16(3) of the Foreign Exchange Management Act after...

Islamabad: Pakistan secured a record $26.7 billion in foreign loans during the last fiscal year, according to a media report that said it indicates the country's deepening dependence on multilateral and bilateral creditors. Nearly half of these loans were in the form of rollovers of...

New Delhi: The Asian Development Bank (ADB) Wednesday lowered India's growth forecast for FY26 to 6.5 per cent from 6.7 per cent on account of trade uncertainty and higher US tariffs that are expected to impact exports and investment. Despite the downward revision from the...

New Delhi: Gold prices climbed Rs 1,000 to regain the Rs 1 lakh per 10 grams level in the national capital Tuesday due to strong buying by stockists, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity soared four-week...

New Delhi: India and US are currently negotiating a bilateral trade agreement (BTA) which has not been signed as yet, as the government takes care of all the sensitivities associated with the free trade agreement (FTA) and ensures that India’s interests are protected, the Parliament...

New Delhi: Air India Tuesday said it has completed precautionary inspections on the fuel control switch (FCS) locking mechanisms of all Boeing 787 and Boeing 737 aircraft in its fleet. The airline stated that no problems were found during the checks, which were conducted in...

New Delhi: American aerospace major Boeing Tuesday delivered three Apache attack choppers to the Indian Army, officials said. The company delivered the AH-64E Apaches choppers as part of a contract to supply six helicopters to the Indian Army. The AH-64 Apache is one of the...

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...