Business

New Delhi: Finance Minister Nirmala Sitharaman Friday said the world is facing "profound imbalances" in trade and energy security, and is undergoing a structural transformation, with India standing out as a 'stabilising force' that can withstand external shocks. Sitharaman said geopolitical conflicts are intensifying, and...

Moscow: Russian President Vladimir Putin has ordered to devise measures, including buying more agricultural products and medicines from India, to soften the trade imbalance with India due to heavy crude import by New Delhi. Putin's announcement comes weeks ahead of his visit to India in...

New Delhi: Private banks, including HDFC Bank and ICICI Bank, have informed that they will start same-day cheque clearance from October 4, following the Reserve Bank of India's (RBI) updated settlement framework for quicker and more secure payments. Cheques deposited from October 4 will be...

Moscow: Russian President Vladimir Putin expressed his anticipation for his upcoming visit to India in early December and has ordered the government to devise measures to soften the trade imbalance with India due to the heavy import of crude by New Delhi. Speaking at the...

Washington: President Donald Trump has seized on the government shutdown as an opportunity to reshape the federal workforce and punish detractors, by threatening mass firings of workers and suggesting “irreversible” cuts to programmes important to Democrats. Rather than simply furlough employees, as is usually done...

New Delhi: Prime Minister Narendra Modi  Wednesday released a special postage stamp and a commemorative coin, which features the first-ever depiction of Bharat Mata on Indian currency, to mark the centenary celebrations of Rashtriya Swayamsevak Sangh (RSS). The Rs 100 coin features the national emblem...

Mumbai: The Reserve Bank Wednesday revised upward its growth estimates for the current fiscal year to 6.8 per cent and lowered its inflation projection to 2.6 per cent based on an above-normal monsoon and the rationalisation of GST rates. In August, the Reserve Bank of...

Mumbai: In a bid to promote the use of domestic currency for cross-border settlements, the Reserve Bank Wednesday announced a slew of measures, including allowing banks to lend in Indian Rupees to non-residents from Bhutan, Nepal and Sri Lanka for bilateral trade. Observing that India...

Mumbai: The Reserve Bank of India (RBI) Wednesday kept its policy interest rate unchanged at 5.5 per cent for the second consecutive time, citing concerns over tariff uncertainties. Announcing the fourth bi-monthly monetary policy of the current fiscal, RBI Governor Sanjay Malhotra said the Monetary...

Washington: Plunged into a government shutdown, the US is confronting a fresh cycle of uncertainty after President Donald Trump and Congress failed to strike an agreement to keep government programmes and services running by Wednesday's deadline. Roughly 7,50,000 federal workers are expected to be furloughed,...