Business

Bhubaneswar: Odisha government has revised the delegation of financial powers for Urban Local Bodies (ULBs) along with Bhubaneswar and Raurkela smart cities, officials said Thursday. The revised framework, notified by the Housing & Urban Development Department, comes into force with immediate effect, superseding all previous...

New Delhi: External Affairs Minister S Jaishankar met with US Secretary of State Marco Rubio in Manila Wednesday to discuss priority areas including trade, tariffs, energy, defence, critical minerals, and artificial intelligence. The US State Department said the two top diplomats agreed on the importance...

Mumbai: Indian economy has navigated the external uncertainties well and the recovery of foreign investments in recent months shows a revival of confidence, the Reserve Bank Bulletin said Wednesday. The global economy is continuing with the heightened uncertainties emanating from fragile geopolitics and supply chain...

Jerusalem: Amid renewed hostilities and growing security concerns in West Asia, Air India Wednesday said it is extending its suspension of operations on the Tel Aviv-Delhi route till end of September. The airline has been continuously extending its suspension of operations on the route for...

Mumbai: Benchmark indices Sensex and Nifty tumbled nearly 1 per cent Wednesday, taking the losses to the third consecutive day, following a sharp spike in crude oil prices and selling in bank stocks. The 30-share BSE Sensex tanked 715.06 points, or 0.92 per cent, to...

Mumbai: The rupee depreciated by 34 paise to close at 96.59 (provisional) against the US dollar Wednesday, weighed down by surging crude oil prices and heightened geopolitical uncertainty. Forex traders said risk aversion in global markets and a negative trend in domestic equities further dented...

New Delhi: The proposed steep tariffs announced by the US on generic medicines could significantly affect India's largest pharmaceutical export market, economic think tank GTRI said on Wednesday. However, it said that the impact is unlikely to be uniform. "Many Indian generic medicines sell for...

Bhubaneswar: British Deputy High Commissioner for East and Northeast India, Andrew Fleming, met Odisha Deputy Chief Minister K V Singh Deo here and held discussions on trade and investment, an official said. The meeting took place at the Lok Seva Bhavan in Bhubaneswar Tuesday evening....

Washington: US President Donald Trump Wednesday announced plans to onshore drug manufacturing by keeping tariffs on imported generic medicines at zero per cent for two years before raising them to 100 per cent in August 2028 and 200 per cent thereafter -- a move that...

New Delhi: External Affairs Minister S Jaishankar met with US Secretary of State Marco Rubio in Manila Wednesday to discuss priority areas, including trade, tariffs, energy, defence, critical minerals, and artificial intelligence. Jaishankar and Rubio are also understood to have exchanged views on the West...