Business

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....

New Delhi: Highlighting the deep-rooted civilisational ties between India and Laos, reflected in the shared Buddhist heritage and enduring legacy of the Ramayana, External Affairs Minister (EAM) S Jaishankar Wednesday said that the bilateral partnership is anchored in longstanding cultural and people-to-people connections. In his...

Bhubaneswar: In a major decision aimed at ensuring smooth and uninterrupted functioning of government operations, Odisha government has decided to make advance payments to petrol pumps for fuel (petrol/diesel) used by government vehicles. Finance Department has formally communicated the decision. According to department, government will...