Business

New Delhi:  The Defence Ministry is likely to approve a Rs 3.25 lakh crore deal this week to buy 114 Rafale fighter jets from France for the Indian Air Force, according to reliable sources. The clearance is scheduled to take place ahead of French President...

New Delhi: The Enforcement Directorate has issued fresh summons to Reliance Group chairman Anil Ambani and his wife Tina Ambani to appear for questioning in a money laundering case next week, officials said Tuesday. Tina Ambani, 68, a former actor, was asked to depose by...

New York/Washington: In the coming weeks, the US and India will work toward finalising the interim agreement on trade with a view to concluding a mutually beneficial Bilateral Trade Agreement, the White House has said. The two countries will also continue negotiations to address remaining...

Dhaka: Bangladesh has secured a reduced 19 per cent tariff under a trade agreement with the United States that would exempt some textiles and garments manufactured with US materials, interim government chief Muhammad Yunus said. In an X post on Monday, he said Washington had...

Bhubaneswar: If things go well, National Highway (NH) 55 connecting Sambalpur and Cuttack will be widened to six lanes, while all state highways will be expanded to four lanes, as Works Minister Prithiviraj Harichandan Monday directed officers to fast-track measures for the mega initiative. Reviewing...

Bhubaneswar: Odisha Finance Department Principal Secretary Sanjeeb Kumar Mishra Monday asked bankers to make efforts to increase financial literacy among the poor and rural people to protect them from financial fraudsters. Mishra made the remarks while speaking at an event organised by the Reserve Bank...

New Delhi: The Enforcement Directorate has constituted a special investigation team (SIT) to probe the alleged banking and corporate fraud worth Rs 40,000 crore involving the Anil Dhirubhai Ambani Group (ADAG) and linked entities, official sources said Monday. The SIT is led by an additional...

Mumbai: RBI Monday said banks can extend collateral-free loans up to Rs 25 lakh to Micro and Small Enterprises (MSEs) units on the basis of their good track record and financial position. The Reserve Bank of India (RBI) has amended the directions related to 'Lending...

New Delhi: India will grant quota-based duty concessions in the automobile sector, while access to alcoholic beverages has been offered under tariff reduction and minimum import price-based formulations under the trade pact with the US, the government said Monday. It also said that under the...

New Delhi: India's approach on crude oil purchases has been to maintain multiple sources of supply and diversify them to ensure stability in the energy flow, Foreign Secretary Vikram Misri said Monday amid a swirling controversy over Washington's claim that New Delhi has agreed to...