Business

New Delhi: The Enforcement Directorate has initiated a foreign exchange "violation" investigation against billionaire Anil Agarwal's Vedanta Group and conducted searches at its official premises, officials said Tuesday. The raids were launched against the global mining conglomerate on Monday and four premises of Vedanta Ltd,...

Bhubaneswar: Chief Minister Mohan Charan Majhi Monday sought greater support from the Centre to strengthen the state's mining sector, highlighting Odisha's critical role in India's mineral economy and industrial growth. The demands were placed before Union Coal and Mines Minister G Kishan Reddy during a...

London: UK Business and Trade Secretary Peter Kyle will visit New Delhi this week to ramp up the implementation of the bilateral Free Trade Agreement (FTA) and unlock a "timely boost" for both economies, the British government said Monday. Kyle is set to arrive in...

New Delhi: India's industrial production expanded at a slower pace of 4.9 per cent in April due to tepid growth in the energy sector amid the West Asia crisis, according to official data released Monday. This is the first data released after the revision in...

New Delhi: Carmakers posted healthy growth in May, with Maruti Suzuki and Kia India registering record sales, carrying forward the momentum witnessed at the beginning of the new fiscal. Maruti Suzuki India Monday reported its highest-ever monthly sales, with domestic sales of 1,93,535 units in...

Mumbai: Benchmark stock indices Sensex and Nifty fell for the fourth straight session Monday due to selling in FMCG, financial and auto shares amid elevated crude oil prices and uncertainty over the US-Iran 60-day ceasefire. The 30-share BSE Sensex dropped 508.40 points, or 0.68 per...

New Delhi: The free trade agreement between India and Oman came into force Monday, Commerce and Industry Minister Piyush Goyal said. The India-Oman Comprehensive Economic Partnership Agreement (CEPA) will benefit domestic exporters in sectors such as textiles, leather, plastics, marine products, automobiles, sports goods, and...

New Delhi: India's manufacturing sector activity growth accelerated to a three-month high in May, driven by demand strength, infrastructure projects and new business gains, even amid inflationary pressures, a monthly survey said Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) posted 55.0...

New Delhi: Prices of commercial LPG - the one used in hotels and restaurants - were Monday hiked by Rs 42 per 19-kg cylinder but there was no change in the rates of cooking gas used in household kitchens. The price of commercial LPG was...

New Delhi: Gross GST collections rose 3.2 per cent to over Rs 1.94 lakh crore in May on improved supplies of goods and services, and continued expansion of collection from imports, government data showed Monday. Gross GST collection stood at Rs 1.88 lakh crore in...