Business

New Delhi: The combined market valuation of five of the top-10 most valued firms eroded by Rs 1 lakh crore last week, with IT bellwether TCS taking the biggest hit, amid a bearish trend in domestic equities. Last week, the BSE benchmark Sensex declined 489.92...

New Delhi: Foreign investors continued their buying spree in Indian equities, investing Rs 16,621 crore in the first fortnight of August, as improving relative valuations, resilient corporate earnings and expectations of softer US interest rates boosted sentiment. The inflow follows a Rs 20,200-crore investment in...

New Delhi: Several Food Business Operators (FBOs) have taken corrective measures following notices issued by the Food Safety and Standards Authority of India (FSSAI) over misleading claims, non-standardised products and labelling violations, it was announced Sunday. “Following Notices from FSSAI, major Food Business Operators (FBOs)...

New Delhi: Central government cut export duties on petrol, diesel and aviation turbine fuel (ATF) from Saturday, setting the petrol levy at zero and cutting charges on diesel and ATF. The government reduced the petrol export duty to nil from Rs 3.5 per litre, cut...

New Delhi: The Income Tax Department Saturday notified a new voluntary disclosure scheme allowing small taxpayers to declare certain undisclosed foreign assets and income by paying an effective 60 per cent tax, as the government seeks to bring overseas holdings into the tax net without...

Bhubaneswar: The BJD has planned to pursue both legal action and public demonstrations to oppose the passage of the Mines and Minerals (Amendment) Bill in Parliament, arguing that the legislation poses a threat to Odisha's fiscal autonomy. The bill, which seeks to restrict states' powers...

New Delhi: Prime Minister Narendra Modi Saturday said India has already begun production at three semiconductor plants, and five to eight more plants are expected to come up in the coming years. Addressing the nation from the ramparts of the historic Red Fort on the...

New Delhi: As Bangladesh reels under an acute energy crisis, India on Friday said it is examining Dhaka's request for additional supply of petroleum products. "We have an ongoing arrangement with Bangladesh for the supply of diesel. Insofar as the request for additional supplies is...

Mumbai: India's current account deficit widened to USD 6.2 billion in June from a surplus of USD 1.2 billion in the year-ago month, according to preliminary data released by the Reserve Bank of India Friday. The current account deficit was primarily driven by a widening...

Bhubaneswar: BJD president Naveen Patnaik on Friday claimed that the passage of the Mines and Minerals Amendment Bill poses a great threat to Odisha's fiscal autonomy, and urged Chief Minister Mohan Charan Majhi to convene a special session of the Assembly to pass a resolution...