Business

Mumbai: Benchmark indices Sensex and Nifty ended lower Monday amid rising crude oil prices and persistent geopolitical tensions in West Asia. The 30-share BSE Sensex declined 281.09 points, or 0.36 per cent, to settle at 77,728.16. During the day, it dropped 555.5 points, or 0.71...

New Delhi: Finance Minister Nirmala Sitharaman said Monday that the government will soon announce the composition of a high-powered committee to recommend how the banking sector should play its role in supporting the country’s transformation into a developed economy by 2047. Addressing the inauguration of...

New Delhi: Two pilots of the Air India Group have failed the initial drug test as their results came "non-negative" and their samples have been sent for confirmatory tests, according to a source. On August 13, Air India and Air India Express started mandatory psychoactive...

New Delhi: Trading activity in the stock market this week will depend on the developments surrounding the Strait of Hormuz, the US-Iran standoff and crude oil, analysts said. With the quarterly earnings season now over, investors would also monitor the trading activity of foreign investors,...

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...