Business

Bhubaneswar: Odisha government has invited aluminium downstream manufacturers to invest in the Anugola Aluminium Park, highlighting the availability of raw materials, industry-ready infrastructure and investment incentives to attract industries engaged in value-added manufacturing. The investment pitch was made at a roadshow held in Kolkata Monday,...

Bhubaneswar: The Odisha government borrowed Rs 89,353 crore from different sources and repaid pending loans worth Rs 58,565 crore during the past two-and-a-half years, Chief Minister Mohan Charan Majhi informed the assembly Monday. Replying to a question by BJD legislator Tusharkanti Behera, Majhi said his...

Mumbai: India and the UAE Monday agreed to take steps for the timely implementation of initiatives relating to settlement of trade in local currencies, integration of payment and messaging systems, and central-bank digital currencies, as both sides aim to increase the two-way commerce to USD...

Mumbai: Tata Trusts, which own 66 per cent of Tata Sons, have proposed merging two operating companies with the Tata Group's holding company in a restructuring that would allow it to shed its classification as a non-banking financial company and a core investment company, helping...

New Delhi: Supreme Court Monday noted that states and Union territories have a massive outstanding balance of Rs 20,000 crore to recover towards unpaid traffic e-challans and suggested linking such challans to electricity bills to recover the amount. A bench of Justices JB Pardiwala and...

New Delhi: Private fuel retailers Jio-bp and Nayara Energy have imposed limits on diesel purchases at their retail outlets as industrial and other bulk consumers turn to petrol pumps to take advantage of cheaper retail fuel, putting pressure on supplies and retail networks. Jio-bp outlets...

New Delhi: Commerce and Industry Minister Piyush Goyal will visit the US this week to attend the G20 Trade Ministers' meeting in Milwaukee and hold deliberations with US Trade Representative Jamieson Greer on the bilateral trade agreement, an official statement said Monday. "Goyal will also...

New Delhi: Benchmark indices Sensex and Nifty have dropped more than 5 per cent over the past month, wiping out Rs 17.17 lakh crore in investor wealth as surging crude oil prices, geopolitical uncertainties, and elevated bond yields dampened market sentiment. Indications of further monetary...

New Delhi: India's industrial output increased by 8 per cent in August from 7.4 per cent in the preceding month, mainly due to a good show by the manufacturing sector, according to the latest government data released Monday. This is the fifth monthly Index of...

Mumbai: Stock markets tumbled Monday, with the benchmark Sensex plunging 1,124 points to a six-month low and the Nifty closing below 22,800 as surging crude oil prices, geopolitical uncertainties, and weak global trends hit investor sentiment. The 30-share BSE Sensex tanked 1,124.02 points, or 1.52...