Business

New Delhi: In a bid to attract dollar inflow, the government has scrapped long-term capital gains tax on investments made by foreign institutional investors (FIIs) in government securities through an Ordinance issued Friday. The Ordinance has brought changes in the Income Tax Act to provide...

Mumbai: The Reserve Bank Friday lowered its GDP forecast for FY2026-27 to 6.6 per cent from the 6.9 per cent estimated in April, citing elevated energy and other commodity prices as well as continued supply disruptions arising from the conflict in West Asia, which are...

Mumbai: The rupee appreciated 50 paise to 95.24 against the US dollar Friday after the RBI liberalised norms for FPI investment in government securities. Forex traders said the announcements in the RBI policy boosted investor sentiments after the apex bank asserted that the country's forex...

Mumbai: The Reserve Bank Friday expectedly kept interest rates unchanged for the second time in a row as it weighed the impact of rising energy prices and supply disruptions caused by the West Asia crisis. The policy decision comes amid a three-month-long conflict in West...

New Delhi: Shares of gems and jewellery firm Rajesh Exports Ltd (REL) tumbled 5 per cent to hit the lower circuit limit Thursday, a day after capital markets regulator Sebi barred its promoter and CEO Rajesh Mehta from dealing in the company's securities, alleging large-scale...

Bhubaneswar: The state government has come out with a 70:30 fund-sharing mechanism to ensure proportionate sharing of District Mineral Foundation (DMF) funds among the districts that are affected by mining directly and indirectly. In a resolution issued by Planning and Convergence department June 3, government...

Mumbai: India's largest airline IndiGo said Thursday it has temporarily suspended operations to six international destinations, including Hong Kong and Krabi, as part of network optimisation. The budget carrier has decided to temporarily suspend services to Langkawi, Krabi, Ho Chi Minh, Hong Kong, and Shanghai...

New Delhi: Gold refiner and jewellery manufacturer Rajesh Exports Ltd (REL) allegedly inflated its consolidated revenues by more than Rs 15 lakh crore over five years by attributing massive revenues to overseas subsidiaries, particularly Switzerland-based Valcambi SA, despite the subsidiary's audited standalone financial statements showing...

Washington: India with its strong supply chains and engineering talent is the perfect partner for the US in the civil nuclear sector poised for exponential growth, Maria Korsnick, President and Chief Executive Officer of the Nuclear Energy Institute (NEI) said . Korsnick was in India...

Mumbai: Suggesting that the India-United States trade deal was 99 per cent complete, US Ambassador Sergio Gor said Wednesday both sides were trying to resolve the remaining 1 per cent sticking points and expected the long-awaited pact to be inked within the next several weeks....