Business

New Delhi: In a major festive season push, the Union Cabinet Wednesday approved a Productivity Linked Bonus (PLB) worth Rs 1,866 crore for railway employees, benefiting over 10.90 lakh staff across the country. Union Railways Minister Ashwini Vaishnaw said the bonus, equivalent to 78 days...

New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, Wednesday approved a comprehensive package of Rs 69,725 crore to revitalise India’s shipbuilding and maritime ecosystem. The overall package is expected to unlock 4.5 million Gross Tonnage of shipbuilding capacity, generate nearly 30 lakh...

Bhubaneswar: The recent tariff imposed by US on Indian goods has directly affected 62 seafood processing entrepreneurs and indirectly impacted 25,000 prawn farmers of Odisha, a state minister said Wednesday. While replying to a written query by BJD legislator Tusharkanti Behera in the Assembly, Fisheries...

Beijing: China has said it would no longer seek the special treatment given to developing countries in World Trade Organisation agreements — a change long demanded by the United States. Commerce Ministry officials Wednesday said the move was an attempt to boost the global trading...

New Delhi/Dhenkanal: Start-up accelerator platform WaveX will establish seven new incubation centres across India, including one at IIMC Dhenkanal, the Ministry of Information and Broadcasting said Wednesday. These centres will support startups in animation, visual effects, gaming, comics (AVGC) and extended reality (XR). The new...

New York: India expects to increase its trade with the US in energy products in the years to come, and the country's energy security goals will have a significant element of US involvement, Commerce and Industry Minister Piyush Goyal has said. "Clearly, the world recognises...

Washington: US Secretary of State, Marco Rubio has indicated that the Donald Trump administration may be willing to ‘fix’ the additional 25 per cent tariffs imposed on India over its purchases of Russian oil. In an interview with the NBC News, Rubio spoke about the...

New Delhi: Gold prices surged Rs 2,700 to scale a new peak of Rs 1,18,900 per 10 grams in the national capital amid sustained global demand for the safe-haven asset while rupee touching a new low facing the brunt of US H-1B visa fee hike....

Beijing: China Monday declined to comment on US President Donald Trump's move to impose a hefty $100,000 fee for H-1B visas, but at the same time invited global professionals to work in the country as it prepares to roll out a new employment visa next...

New Delhi: S&P Global Ratings Tuesday retained India's GDP growth forecast at 6.5 per cent in the current fiscal, citing strong domestic demand amid a largely benign monsoon. S&P also said it expects a 25 bps rate cut by the RBI this fiscal as it...