Business News

Washington: Advanced economies will be back on track by 2024, but developing economies will be 5 per cent below where they would have been otherwise, IMF’s Gita Gopinath said on Wednesday. Economies worldwide have been adversely impacted…

New Delhi: Factories in the country increased by 1.7 per cent year-on-year to 2.46 lakh in 2019-20, employing a total of 1.3 crore workers, as per the provisional results of the Annual Survey of Industries (ASI) released by the Ministry of…

Mumbai: Moody’s Investors Service on Thursday slashed India’s economic growth projection to 8.8 per cent for 2022 from 9.1 per cent earlier, citing high inflation. In its update to Global Macro Outlook 2022-23, Moody’s said…

NEW DELHI: The coal ministry on Tuesday said all efforts are being made to further boost output and dispatch of coal, and that production of the dry fuel jumped over 36 per cent in the first half of May. The ministry's statement comes…

NEW DELHI: India's crude oil production fell 1 per cent in April after lower output from fields operated by the private sector wiped away gains by state-owned firms such as ONGC, official data showed Tuesday. India produced 2.47 million…

Shimla: The Himachal Pradesh State Electricity Board Employees Union has accused the Electricity Board management of unnecessary delay in revised pay scale and pension revision. In a press statement here on Tuesday, the union gave an…

Hyderabad: On the first day of World Economic Forum (WEF) in Davos, Telangana IT and Industries Minister KT Rama Rao held a series of meetings with various industry leaders at the Telangana pavilion sources in Davos report. Huge…

New Delhi/Mumbai: India has the space to attract debt flows of another $ 90 billion (around Rs 693,000 crore) given the threshold level of the country’s external debt, says a Reserve Bank of India study. “The empirical results suggest…

Mumbai: The Maharashtra Real Estate Appellate Tribunal has directed Lucina Land Developers Limited to pay a 2 percent interest above the marginal cost lending rate of State Bank of India (SBI) for a 32 month-delay in giving possession to…

New Delhi: Finance Minister Nirmala Sitharaman on Saturday announced a number of measures to tackle inflation in the country. Sitharaman tweeted, “Today, the world is passing through difficult times. Even as the world is recovering from…

New Delhi: Maharatna PSU Power Grid Corporation on Saturday reported 18% year-on-year jump in net consolidated profit to Rs 4,156.44 crore for the quarter ending March 2022 (Q4) as compared to Rs 3,526.23 crore in the corresponding period…

India will be the “critical driver of demand” in the energy sector in the next 10-20 years, Union Petroleum Minister Hardeep Singh Puri said on Saturday, adding that the measures the Indian government has taken during the pandemic, which…

Stock Market Today, Share Market Updates: The topline equity indices recovered their previous session’s losses and ended nearly 3 per cent higher on Friday taking cues from their global peers which rose after China cut a key lending…

Zilingo co-founder and former CEO Ankit Bose on Friday alleged that she has been fired from the company for insubordination, adding that she will speak shortly about the conflict of interest in which the entire process was run. Zilingo,…

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…