Business

Jajpur: JSW Steel Ltd underpaid Rs 147.76 crore in stamp duty and registration fees on increased production capacity at its Nuagaon iron ore mine in Kendujhar district, according to a report by the Comptroller and Auditor General of India (CAG). The report flagged a total...

Bhubaneswar: The state government has launched the Commercial Layer Farming Scheme (CLFY) to boost egg production, promote poultry entrepreneurship and meet the growing demand for eggs in the state. The scheme was launched by Fisheries and Animal Resources Development Minister Gokulananda Mallik during the celebration...

New Delhi: SpaceX and Tesla CEO Elon Musk Friday took another swipe at billionaire Mukesh Ambani over Starlink's entry into India, calling him "Dear Prime Minister Ambani,” and accusing him of seeking to maintain a monopoly and questioning whether he would allow the satellite internet...

Hong Kong: The top trade envoys for China and the European Union agreed Friday on a broad initial deal following two days of talks aimed at calming escalating tensions over trade imbalances, the EU trade commissioner said. Neither side provided clear details on the preliminary...

New Delhi: GST Council, comprising Centre and state Finance Ministers, has rationalised the maximum term of imprisonment for GST offences to up to 5 years, a fine, or both, and changed the punishment from "imprisonment and fine" to "imprisonment or a fine or both". The...

Mumbai: The Reserve Bank of India (RBI) Friday said banks will need to maintain 99 per cent of the required cash reserve ratio (CRR) daily starting October 16, up from 90 per cent at present. The move follows a review of the current liquidity condition...

New Delhi: Communications Minister Jyotiraditya Scindia Friday asserted that satellite communications services can only start after clearance from the home ministry and questioned Congress leader Rahul Gandhi for siding with US business tycoon Elon Musk on his allegations against the government. Speaking to the media...

New Delhi: Supreme Court has directed the Centre and states to interlink key government and insurance databases, including VAHAN, SARATHI, the Electronic Detailed Accident Report (eDAR) portal, and the Insurance Information Bureau (IIB), within four weeks, to streamline motor accident claim processing and ensure seamless...

Mumbai: Benchmark indices bounced back Friday after two days of sharp decline, with the Sensex surging 879 points and the Nifty rising to 22,520.45, led by a rally in TCS, other IT stocks and easing crude oil prices. The 30-share BSE Sensex jumped 879.09 points,...

New Delhi: India has strongly objected to United States Vice President JD Vance’s description of foreign workers as “foreign indentured servants” amid the Trump administration’s decision to suspend the Permanent Labour Certification (PERM) programme. In a statement, the Ministry of External Affairs (MEA) said, “We...