Business News

The Reserve Bank of India’s (RBI’s) contribution to the government’s finances has fallen steeply with the board of the central bank approving a surplus transfer of Rs 30,307 crore to the government for 2021-22, sharply down by 69.42 per…

The report released by the Economic Advisory Council to the Prime Minister (EAC-PM) on the state of inequality of India caught senior government officials in Niti Bhavan by surprise, a number of whom were unaware that the advisory body had…

For its next economic stage — Economy 2.0 — India needs to be a “responsible economy” with fiscal prudence, power and education sector reforms, and less government litigation to make up for losses during the pandemic year, as well as a…

As the Ukraine conflict impacts the global GDP, India is projected to grow by 6.4 per cent in 2022, slower than the last year’s 8.8 per cent but still the fastest-growing major economy, with higher inflationary pressures and uneven recovery…

Jakarta: Indonesia will lift its palm oil export ban from Monday, following improvements in the domestic cooking oil supply situation, President Joko Widodo said on Thursday. The world’s top palm oil exporter has since April 28 halted…

BEIJING: Elon Musk’s ties to China through his role as electric car brand Tesla’s biggest shareholder could add complexity to his bid to buy Twitter. Other companies that want access to China give in to pressure to follow Beijing’s…

NEW YORK: The US hopes India will "reconsider" its decision to ban wheat exports, with Washington "encouraging" countries not to restrict exports as that will exacerbate food shortages, amidst Russia's invasion of Ukraine. India, the…

NEW DELHI: Wholesale price-based inflation soared to a record high of 15.08 per cent in April mainly on account of spiralling prices of food, fuel and other commodities, which may prompt the Reserve Bank to hike interest rates in upcoming…

NEW DELHI: Three days after the government decided to ban wheat exports, citing the country’s food security, it sought to clarify its stand on Tuesday. It said it is allowing shipments of wheat consignments already registered with the…

New Delhi: While stressing on the multi-faceted and deep-rooted nature of the India-Africa relationship, External Affairs Minister S Jaishankar on Tuesday said that the two sides closed ranks to confront the once-in-a century pandemic,…

NEW DELHI: State-run power giant NTPC is planning to conduct its flagship corporate social responsibility (CSR) initiative -- girl empowerment mission (GEM) -- in about 35 project locations this year. The GEM is for empowering young…

MUMBAI: Stock market investors and traders brace for a tough week ahead with the benchmark Nifty 50 index perched just above a crucial support of 15671.45, the March low following the Russia-Ukraine conflict. The LIC listing on May 17 will…

NEW DELHI: E-commerce major Amazon India on Sunday said it has cumulatively created more than 11.6 lakh direct and indirect jobs, enabled nearly USD 5 billion in cumulative exports and digitised over 40 lakh MSMEs in the country till date.…

NEW DELHI: Imports of vegetable oils, comprising edible and non-edible, have fallen 13% to nearly 9.12 lakh tonne during April, shows industry data. The Solvent Extractors’ Association of India (SEA) said the import of vegetable oils is…

NEW DELHI: India’s merchandise exports grew more than 30% in April on a year-on-year basis on the back of improved performance in petroleum products, electronic goods, cereals, coffee, processed food and leather products, as per the data…

Kolkata: State Bank of India (SBI) on Friday reported a 41.28 per cent jump in its net profit at Rs 9,114 crore for the fourth quarter ended March 31, 2022. The Bank posted a Net profit for FY22 grew by 55.19% YoY to Rs. 31,676 crores.…

Mumbai: Union Minister for Commerce and Industry Piyush Goyal on Friday said the India-UAE Comprehensive Economic Partnership Agreement (CEPA) would drive India's economic growth as the bilateral trade between the two countries can…

India CPI Inflation, IIP Growth Rate: Retail inflation surged to a near 8-year high of 7.79 per cent in April, persisting above the Reserve Bank of India’s (RBI’s) inflation target for the fourth straight month, data released by the…

IS THE worst of food inflation — 8.38 per cent year-on-year in April — over? Some hope is provided by milk, which has the highest weight among food items in the consumer price index after cereals. And also pulses, besides the likes of onion…

NEW DELHI:  The government has made it mandatory to quote either PAN or Aadhaar for depositing or withdrawing over Rs 20 lakh in a financial year or opening a current account. The Central Board of Direct Taxes (CBDT), in a notification,…