Business News

In what could be the first step towards allowing beyond visual line of sight (BVLOS) drone operations, the Ministry of Civil Aviation has notified a traffic management framework for drones, under which public and private third-party service…

Tesla hits $1 trillion dollar market cap: Tesla Inc’s record run in the stock market on Monday saw its market capitalisation surge past the $1 trillion mark, making it the first-ever car manufacturer to join the esteemed list of…

Chandigarh, Oct 26 (UNI) Azadi Ka Amrit Mahotsav is an initiative of the Government of India to celebrate and commemorate 75 years of Progressive India and the glorious history of its people, culture and achievements. This Mahotsav is…

With several instances of fund diversion and transfer of profits to “connected parties” surfacing, Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday asked auditors to identify and thoroughly scrutinise related or connected…

The government on Monday signed a share purchase agreement with Tata Sons for sale of national carrier Air India for Rs 18,000 crore. Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding…

Finance Minister Nirmala Sitharaman on Monday pitched for an “accelerated phase of infrastructure development” and front-loading of capital expenditure in a review meeting with key infrastructure ministries. The meeting was held with top…

Power Minister RK Singh said on Monday that the nation’s thermal power plants had sufficient coal stocks to meet power demand and that stocks at the plants were rising. India’s coal-fired thermal power plants have been facing low coal…

Bharti Airtel on Monday became the second of the three private telcos to opt for the option to defer by four years the payment of spectrum as well as adjusted gross revenue (AGR) dues. In a notification to the exchanges, Airtel said it…

Petrol and diesel prices on Sunday were hiked for the fifth straight day by 35 paise per litre each, pushing pump rates to a new high across the country. The price of petrol in Delhi rose to its highest-ever level of Rs 107.59 a litre…

The country is set to become a reinsurance hub with the International Financial Services Centre Authority (IFSCA), India’s first single regulator for the Gujarat-based International Financial Services Centre (IFSC), announcing a new liberal…

As many as 16,570 new companies were registered in the country in September, taking the total number of active companies to more than 14.14 lakh, according to official data. Data from the corporate affairs ministry showed that a total of…

With demand coming back across markets, rural and urban, the September quarter saw corporate sales regain momentum. Larger players continued to take away market share from unorganised units. However, inflation in inputs weighed on profits…

Foreign Portfolio Investors (FPIs) have turned net sellers in the Indian market by pulling out Rs 3,825 crore in October so far. In the past two months, huge buying was witnessed in the debt segment when FPIs had Rs 13,363 crore in…

Srinagar, Oct 24  (Majid Jahangir reports) A ray of hope has been rekindled for the fledgling tourism industry here following months-long lockdowns induced by Covid, as Union Home Minister Amit Shah flagged off the first Srinagar-Sharjah…

Port Blair, Oct 24 (UNI) The A & N State Cooperative Bank added another feather in it's cap by achieving the milestone profit of Rs. 7.20 Crores in the year 2020-21, revealed Mr. Kuldeep Rai Sharma, Vice Chairman of the Bank in his…

NEW DELHI: The Non-banking financial companies (NBFCs) cannot lend more than Rs 1 crore to a borrower for funding purchase of initial public offering (IPOs). This is part of a comprehensive set of rules for NBFCs approved on Friday by the…

NEW DELHI: Even when the Reserve Bank of India decided to maintain accommodative stance to focus on growth, its external member Jayant R Varma voted against accommodative stance, arguing that risk to inflation and growth is more aggravated…

NEW DELHI: Though its legacy business — oil-to-chemical (O2C) operations — continues to rake in big moolah for Reliance Industries, it has made rapid progress in expanding its new age businesses. The O2C segment accounted for 63% of the…

NEW DELHI: India’s leading private sector lender — ICICI Bank — has posted a strong set of numbers in the second quarter of the current financial year, signaling a sustained recovery of the banking sector as well as the economy. ICICI…

Owning a vehicle in India is not only a matter of pride, but it also brings with it a sense of independence. You use it to commute to work, to run daily errands, to take your family out for movies and to the shopping mall, and even…