Business

New Delhi: Shares of gems and jewellery firm Rajesh Exports Ltd (REL) tumbled 5 per cent to hit the lower circuit limit Thursday, a day after capital markets regulator Sebi barred its promoter and CEO Rajesh Mehta from dealing in the company's securities, alleging large-scale...

Bhubaneswar: The state government has come out with a 70:30 fund-sharing mechanism to ensure proportionate sharing of District Mineral Foundation (DMF) funds among the districts that are affected by mining directly and indirectly. In a resolution issued by Planning and Convergence department June 3, government...

Mumbai: India's largest airline IndiGo said Thursday it has temporarily suspended operations to six international destinations, including Hong Kong and Krabi, as part of network optimisation. The budget carrier has decided to temporarily suspend services to Langkawi, Krabi, Ho Chi Minh, Hong Kong, and Shanghai...

New Delhi: Gold refiner and jewellery manufacturer Rajesh Exports Ltd (REL) allegedly inflated its consolidated revenues by more than Rs 15 lakh crore over five years by attributing massive revenues to overseas subsidiaries, particularly Switzerland-based Valcambi SA, despite the subsidiary's audited standalone financial statements showing...

Washington: India with its strong supply chains and engineering talent is the perfect partner for the US in the civil nuclear sector poised for exponential growth, Maria Korsnick, President and Chief Executive Officer of the Nuclear Energy Institute (NEI) said . Korsnick was in India...

Mumbai: Suggesting that the India-United States trade deal was 99 per cent complete, US Ambassador Sergio Gor said Wednesday both sides were trying to resolve the remaining 1 per cent sticking points and expected the long-awaited pact to be inked within the next several weeks....

New Delhi: Highlighting the deep-rooted civilisational ties between India and Laos, reflected in the shared Buddhist heritage and enduring legacy of the Ramayana, External Affairs Minister (EAM) S Jaishankar Wednesday said that the bilateral partnership is anchored in longstanding cultural and people-to-people connections. In his...

Bhubaneswar: In a major decision aimed at ensuring smooth and uninterrupted functioning of government operations, Odisha government has decided to make advance payments to petrol pumps for fuel (petrol/diesel) used by government vehicles. Finance Department has formally communicated the decision. According to department, government will...

New Delhi/Paradeep: Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi Wednesday approved the construction of a new coastal highway from Rameshwar to Paradeep on Hybrid Annuity Model (HAM) in Odisha. The highway will reportedly be constructed under two packages with a...

Mumbai: Benchmark indices Sensex and Nifty closed lower Wednesday after a day's breather, dragged by heavy selling in IT stocks, a fresh spike in crude oil prices and persistent foreign fund outflows. The 30-share BSE Sensex dropped 303.67 points, or 0.41 per cent, to settle...