Business

New Delhi: Jindal Steel on Tuesday announced commissioning a basic oxygen furnace (BoF) of 3MTPA capacity as part of its ongoing over Rs 20,000 crore expansion project at Angul in Odisha. With the installation of the new BoF, the plant's crude steel making capacity has...

Hong Kong: China's factory activity shrank for a sixth straight month in September, the longest slump since 2019, an official report said Tuesday. The official manufacturing purchasing managers index, or PMI, improved to 49.8 from 49.4 in August. But it remained below the 50-cutoff level...

New Delhi: India's industrial production grew at 4 per cent in August, mainly due to better performance by the mining sector, according to government data released Monday. The Index of Industrial Production (IIP) growth rate for July has been revised upwards to 4.3 per cent...

New Delhi: India is in discussions with the US, the EU, New Zealand, Oman, Peru and Chile for free trade agreements (FTAs), while Qatar and Bahrain have also expressed interest, Commerce Minister Piyush Goyal said  Monday. The FTA with the EFTA countries (Iceland, Liechtenstein, Norway,...

New Delhi: India Monday announced its joint plan with Bhutan to implement two cross-border rail links with the Bhutanese cities of Samtse and Gelephu at a cost of more than Rs 4,000 crore. The details of the initiative were made public by Railway Minister Ashwini...

Mumbai: Benchmark stock indices Sensex and Nifty closed marginally lower in a volatile session Monday, extending their downtrend to the seventh day, as bank stocks were dragged by persistent foreign fund outflows ahead of the RBI's interest rate decision later this week. After gyrating between...

New Delhi: Global rating Moody's Monday affirmed India's long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at 'Baa3' with a 'stable' outlook on the back of robust economic growth and sound external position. The rating agency also affirmed India's other short-term...

Mumbai: The Reserve Bank's Monetary Policy Committee began its three-day deliberations amid expectations of status quo on the key interest rate, but some experts think that the central bank may settle for a 25 bps cut. The decision of the RBI Governor Sanjay Malhotra-headed six-member...

New Delhi: The government has appointed Shirish Chandra Murmu as Deputy Governor of the Reserve Bank of India for a three-year term. Murmu would replace M Rajeshwar Rao, whose extended tenure is coming to an end October 8. The Appointments Committee of the Cabinet has...

New Delhi: India continues to hold the top position in global milk production for several years now, and contributes nearly a quarter of the world’s supply, contributing 5 per cent to the national economy and directly employing more than 8 crore farmers, an official statement...