Business

New Delhi: The government Monday scrapped 30-month old windfall profit tax on domestically-produced crude oil and on export of jet fuel (ATF), diesel and petrol following a decline in international oil prices. Minister of State for Finance Pankaj Chaudhary tabled a notification in Rajya Sabha...

New Delhi: Foreign Direct Investment (FDI) inflows into India surged by a robust 45 per cent to $29.79 billion in September during the current financial year compared to $20.5 billion in the same period during 2023-24, according to figures compiled by the Department for Promotion...

New Delhi: The mega success story of Unified Payments Interface (UPI) continues, and it would be no surprise if the number of UPI transactions touches 25 billion a month towards the end of 2025, industry experts said Monday. After reaching a record high in October...

New Delhi: Trading sentiment in the equity market this week will be guided by global trends, foreign fund movement, macroeconomic data announcements and RBI's interest rate decision, analysts said. The monthly auto sales data announcement would also be tracked by investors this week. "Looking ahead,...

New Delhi: Leading automakers Maruti Suzuki India, Tata Motors and Toyota Kirloskar Motor Sunday reported growth in their domestic passenger vehicle sales riding on ongoing wedding season demand, continued rural traction and strong offtake of SUVs. On the other hand, newly-listed Hyundai Motor India Ltd...

New Delhi: Jet fuel, or ATF, price was hiked Sunday by 1.45 per cent and rates of commercial LPG used in hotels and restaurants increased by Rs 16.5 per 19-kg cylinder in the monthly revision done in line with international oil price trends. The aviation...

New Delhi: Foreign investors pulled out Rs 21,612 crore ($2.56 billion) from the Indian equity market in November, mainly due to the rising US bond yields, strengthening dollar and expectation of a slowdown in the domestic economy. While the sell-off continues, the quantum of net...

New Delhi: The combined market valuation of nine of the top-10 most valued firms surged Rs 2,29,589.86 crore last week, with Life Insurance Corporation of India emerging as the biggest gainer, in tandem with a rally in benchmark indices. Last week, BSE benchmark Sensex jumped...

New York: US President-Elect Donald Trump has threatened to impose 100 per cent tariffs on BRICS countries if they develop a new currency or adopt another to replace "the mighty dollar" and effectively bar them from American markets. "There is no chance that the BRICS...

Jaipur: Adani group chairman Gautam Adani Saturday responded to recent allegations and indictment in the US, saying that the conglomerate was committed to compliances and "every attack makes us stronger". "Less than two week back, we faced a set of allegations from the US about...