Business

New Delhi: The combined market valuation of seven of the top 10 valued firms eroded by Rs 1.54 lakh crore last week, with Reliance Industries taking the biggest hit. In a holiday-shortened last week, the BSE benchmark Sensex dropped 639.61 points, or 0.84 per cent,...

New Delhi: Government has halved windfall gains tax on export of petrol to Rs 1.5 litre, while reducing the levy on diesel to Rs 13.5/litre and aviation turbine fuel to Rs 9.5/litre effective June 1. The finance ministry in a notification said road and infrastructure...

Singapore: Defence Secretary Rajesh Kumar Singh said Saturday that a BrahMos missile deal with Vietnam had already been signed, while a similar pact involving Indonesia was in the final stages. Singh is in Singapore to attend the Shangri-La Dialogue, and his comments were in response...

New Delhi: Centre's move to exempt all customs duties on cotton imports for five months till October 30 will ensure adequate availability of cotton for the textile industry, lower input costs and boost the competitiveness of Indian textiles, the Textile Ministry said Saturday. Industry bodies...

New Delhi: With forecasts pointing to a below-normal monsoon and a likely moderation in economic activity, overall consumption demand may face headwinds in the coming months, and the near-term outlook for the Indian economy is one of cautious resilience, the finance ministry said in a...

Bhubaneswar: Growth of MSMEs alongside large industries is key to achieving the vision of ‘Samruddha Odisha’ and ‘Viksit Bharat’ by 2036 and 2047, respectively, Industries Minister Sampad Chandra Swain said Friday. Addressing the ‘CII MSME Connect Series 2026: Expanding Business Horizon’ here as the chief...

New Delhi: No partnership is better positioned than the one between India and the US to seize emerging opportunities, particularly in high-technology and critical minerals, US Ambassador Sergio Gor said Friday, while noting that only one per cent of issues remain to finalise the proposed...

Bhubaneswar: India’s semiconductor ambitions received a major boost Friday after chip giant Intel Corporation signed a memorandum of understanding (MoU) with the Odisha government and 3D Glass Solutions (3DGS) to bring semiconductor substrate manufacturing technology to the country. The proposed facility, likely to come up...

New Delhi: The government has asked state-run fuel retailers to expand liquefied petroleum gas (LPG) storage capacity to cover at least 30 days of demand, a senior oil ministry official said Friday, as supply disruptions linked to the West Asia conflict highlight the need for...

New Delhi: The number of gig workers in India could reach 2.5 crore by the end of the decade, and the government is in consultation with fund managers to bring social security schemes for them, a labour ministry official said Friday. At present, the country...