Business

New Delhi: Life Insurance Corporation of India (LIC) Saturday said its investments in Adani group companies have been made independently and in accordance with its board-approved policies, following detailed due diligence. "Department of Financial Services (in the Union Finance Ministry) or any other body does...

New Delhi: Meta Platforms, Inc's Facebook Overseas will hold 30 per cent interest in the AI venture floated by billionaire Mukesh Ambani's Reliance Industries, according to a regulatory filing. Reliance will hold 70 per cent in Reliance Enterprise Intelligence Ltd, the company said in the...

New Delhi: Congress Saturday alleged that the public sector Life Insurance Corporation made huge investments in Adani Group stocks after the latter took a beating in the markets, and demanded that Parliament's Public Accounts Committee investigate how the LIC was “forced” to make such investments....

Washington:  The United States is keen to "nail down" a trade deal with South Korea as soon as Seoul is willing to take "appropriate" commitments, a senior U.S. official said, as the two countries strive to bridge differences over how to implement Korea's $350 billion...

New Delhi: Commerce and Industry Minister Piyush Goyal said Friday that India will not rush into any trade agreement, as it wants to go in for a fair and equitable deal with its partner countries and not one that restricts its trading choices. The Commerce...

Bhubaneswar: Vedanta Group will invest Rs 1 lakh crore in Odisha, creating over one lakh employment opportunities, the Chief Minister’s Office (CMO) said Thursday. The investment proposal was placed before the state government by Vedanta Group Chairman Anil Agarwal, who met Chief Minister Mohan Charan...

New Delhi: Commerce and Industry Minister Piyush Goyal Thursday met Katherina Reiche, German Federal Minister for Economic Affairs and Energy, in Berlin, and talks covered Germany's commitment to finalising the India-EU free trade agreement (FTA). Goyal is in Germany to engage with CEOs and industry...

New Delhi: Reliance Industries Ltd, India's largest buyer of discounted Russian oil, plans to scale back imports following fresh US sanctions on Moscow-linked firms, dealing a significant blow to billionaire Mukesh Ambani's conglomerate. State-run refiners, however, may continue purchases through intermediary traders for now, industry officials...

New Delhi:  Defence Acquisition Council, at a meeting Thursday under the chairmanship of Defence Minister Rajnath Singh, approved various proposals of the Army, Navy and Air Force for purchasing military hardware worth a total amount of around Rs 79,000 crore. For the army, Acceptance of...

Mumbai: Microsoft CEO Satya Nadella’s total compensation for the financial year 2024–2025 has risen to $96.5 million -- his highest since taking charge of the company more than a decade ago. The sharp increase reflects Microsoft’s major progress in artificial intelligence (AI) under his leadership....