Business

New Delhi: Foreign Portfolio Investors (FPIs) remained in a selling mode in January, withdrawing nearly Rs 36,000 crore (about USD 3.97 billion) as global uncertainties persisted. Meanwhile, a higher securities transaction tax (STT) proposed in the Union Budget may weigh on overseas investor participation in...

New Delhi: Car market leader Maruti Suzuki India will consider increasing prices of its vehicles due to rising commodity costs, amid strong demand in the market post GST rate reductions, company Senior Executive Officer, Marketing & Sales, Partho Banerjee said Monday. The company currently has...

New York: The one thing N. Lee Plumb knows for sure that being laid off from Amazon last week wasn't a failure to get on board with the company's artificial intelligence plans. Plumb, his team's head of "AI enablement," says he was so prolific in...

New Delhi: India's manufacturing sector activity witnessed a slight recovery in January, amid faster increase in new orders, even as business confidence slipped to its lowest level in three-and-a-half years, a monthly survey said Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI),...

Mumbai: Stock market benchmark indices Sensex and Nifty rebounded in early trade Monday driven by value-buying in blue-chip firms, after facing massive drubbing on the Budget day. The 30-share BSE Sensex climbed 302 points to 81,024.94 during initial trade. The 50-share NSE Nifty went up...

New Delhi: India's efforts to enhance its weather forecasting capabilities received a significant boost with Finance Minister Nirmala Sitharaman allocating Rs 1,342 crore for Mission Mausam Sunday. The allocation for the Ministry of Earth Sciences has been set at Rs 3,789.23 crore, compared to the...

New Delhi: The government has announced the next edition of India Semiconductor Mission with a broad objective to promote the chip manufacturing ecosystem in the country, covering equipment, materials, indigenous designs and other components that are required to produce the high-tech components. Finance Minister Nirmala...

New Delhi:  As the VB-G RAM G scheme is set to be rolled out, the Centre has allocated Rs 95,692.31 crore for it, while an allocation of Rs 30,000 crore has been made for the MGNREGA. Rural Development Minister Shivraj Singh Chouhan said the overall...

New Delhi: The 16th Finance Commission, headed by former Vice-Chairman of the Niti Aayog Arvind Panagariya, has recommended retaining states' share in Central taxes at 41 per cent for the five-year period beginning April 1, 2026. Finance Minister Nirmala Sitharaman, in her Budget speech, said,...

Mumbai: Benchmark stock indices Sensex and Nifty dived sharply by nearly 2 per cent Sunday after Finance Minister Nirmala Sitharaman proposed a hike in the Securities Transaction Tax (STT) on derivatives. Reversing the early gains, the 30-share BSE Sensex plunged sharply by 2,370.36 points or...