Business

New Delhi: Carmakers posted healthy growth in May, with Maruti Suzuki and Kia India registering record sales, carrying forward the momentum witnessed at the beginning of the new fiscal. Maruti Suzuki India Monday reported its highest-ever monthly sales, with domestic sales of 1,93,535 units in...

Mumbai: Benchmark stock indices Sensex and Nifty fell for the fourth straight session Monday due to selling in FMCG, financial and auto shares amid elevated crude oil prices and uncertainty over the US-Iran 60-day ceasefire. The 30-share BSE Sensex dropped 508.40 points, or 0.68 per...

New Delhi: The free trade agreement between India and Oman came into force Monday, Commerce and Industry Minister Piyush Goyal said. The India-Oman Comprehensive Economic Partnership Agreement (CEPA) will benefit domestic exporters in sectors such as textiles, leather, plastics, marine products, automobiles, sports goods, and...

New Delhi: India's manufacturing sector activity growth accelerated to a three-month high in May, driven by demand strength, infrastructure projects and new business gains, even amid inflationary pressures, a monthly survey said Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) posted 55.0...

New Delhi: Prices of commercial LPG - the one used in hotels and restaurants - were Monday hiked by Rs 42 per 19-kg cylinder but there was no change in the rates of cooking gas used in household kitchens. The price of commercial LPG was...

New Delhi: Gross GST collections rose 3.2 per cent to over Rs 1.94 lakh crore in May on improved supplies of goods and services, and continued expansion of collection from imports, government data showed Monday. Gross GST collection stood at Rs 1.88 lakh crore in...

New Delhi: Developments around the US-Iran situation, crude oil prices, and the RBI's interest rate decision would determine the trend in the equity market in an event-heavy week ahead, analysts said. Besides, macroeconomic data announcements, trading activity of foreign investors and the rupee-dollar trend would...

New Delhi: Foreign investors continued to pare their exposure to Indian equities, withdrawing Rs 32,963 crore in May due to weak earnings growth, rupee depreciation and more attractive opportunities in other markets. With this, the total outflow by Foreign Portfolio Investors (FPIs) from the equity...

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...