Business

New Delhi: The combined market valuation of four of the top-10 most valued firms surged by Rs 2.20 lakh crore in a holiday-shortened last week, with Reliance Industries emerging as the biggest gainer. Last week, the BSE benchmark Sensex climbed 249.29 points or 0.32 per...

Bhubaneswar: Odisha State Cooperative Milk Producers' Federation (OMFED) Sunday increased the price of milk by Rs 4 per litre, citing a rise in processing and transportation costs. While prices of toned milk rose from Rs 50 to Rs 54 per litre, Premium milk climbed from...

New Delhi: The Finance Ministry has notified a decision to allow overseas companies with Chinese shareholding of up to 10 per cent to invest in India under the automatic route under FEMA, according to a notification. In March, the Union Cabinet approved amendments in the...

New Delhi: A Delhi court on Saturday extended the judicial custody of two former senior officials of the Anil Ambani-led Reliance Group — Amitabh Jhunjhunwala and Amit Bapna — until May 15 in connection with a money laundering probe linked to Reliance Home Finance Limited...

Dubai: The United States is warning shipping companies that they could face sanctions for making payments to Iran to pass through the Strait of Hormuz safely. The alert posted Friday by the US Office of Foreign Assets Control adds another layer of pressure in the...

Washington: US President Donald Trump Friday said he has raised tariffs on cars and trucks from the European Union to 25 per cent, accusing the bloc of failing to comply with an existing trade agreement, while also signalling continued uncertainty over negotiations with Iran. “We...

Washington: US President Donald Trump signalled potential disruption to global oil flows, warning that maritime congestion and military actions near key shipping routes could affect energy supplies. Speaking at a Forum Club event in Palm Beach, Trump described heavy vessel traffic around a critical Gulf...

Washington: The US administration has bypassed congressional review to offer arms sales worth over 8.6 billion US dollars to Israel, Qatar, Kuwait and the United Arab Emirates. Among the items were advanced precision kill weapon systems, air and missile defence replenishment services and an integrated...

Washington: President Donald Trump said Friday that he will increase the tariffs charged on cars and trucks from the European Union next week to 25%, a move that could jolt the world economy at a fragile moment. Trump said in the post that the EU...

New Delhi: Gross GST collection rose 8.7 per cent in April to a record of about Rs 2.43 lakh crore in April as growth in import-led revenues outpaced domestic transactions, government data showed Friday. The previous all-time high collection from Central GST, State GST and...