Business

Kathmandu: The Asian Development Bank (ADB) has identified the Nepal-India digital payment corridor as a major untapped opportunity that could significantly improve trade, tourism, and remittance flows between the two neighbouring countries. In its report 'Advancing Digital Payments in Nepal: Infrastructure Upgrades and Policy Development...

New Delhi: The government has proposed tighter fuel efficiency standards for passenger vehicles under the third phase of the Corporate Average Fuel Efficiency (CAFE) regulations, including stricter carbon dioxide emission targets, incentives for cleaner technologies, and a market-based compliance mechanism. The Union Power Ministry Thursday...

Mumbai: Benchmark indices Sensex and Nifty closed almost unchanged Thursday, as profit-taking in blue-chip stocks such as HDFC Bank and Reliance Industries offset gains in IT shares amid geopolitical tensions. The 30-share BSE Sensex edged up 1.44 points to settle at 77,186.87. During the day,...

Dubai: Iran's joint military command stepped up its threats Thursday as intensifying US airstrikes target the country, saying it would destroy "all the infrastructure in the region". The threat from the Khatam al-Anbiya Central Headquarters referenced US President Donald Trump's repeated warning that he could...

New Delhi: Centre has raised windfall taxes on exports of diesel and aviation turbine fuel (ATF) while lowering the levy on petrol exports, as surging global oil prices driven by the escalating US-Iran conflict boosted refining margins, with the revised rates taking effect from Thursday....

New Delhi: The landmark India-UK Comprehensive Economic and Trade Agreement (CETA), which has come into effect from Wednesday, grants zero-duty access on nearly 99 per cent of India's exports, covering almost 100 per cent of the trade value, which will strengthen the country’s export competitiveness,...

Brussels: External Affairs Minister S Jaishankar met with European Council President Antonio Costa and said he valued his guidance and warm sentiments for advancing the trade and technology cooperation between the two sides. Jaishankar is on a two-day visit to Belgium from July 14-15 to...

Washington: A bipartisan group of US Senators unveiled a bill that seeks to impose 100 per cent tariffs on five countries, including India and China, for purchasing oil from Russia. The bill, brokered by late Republican Senator Lindsey Graham, exempts 15 European nations that buy...

New Delhi: Union Commerce and Industry Minister Piyush Goyal on Wednesday said the India-UK Comprehensive Economic and Trade Agreement (CETA) has come into force under the leadership of Prime Minister Narendra Modi, calling it a defining milestone in bilateral ties. In a post on X,...

New Delhi: The net direct tax collection grew 16.40 per cent to over Rs 6.51 lakh crore till July 13 this fiscal, driven by higher corporate tax mop-up, government data showed Tuesday. The net corporate tax collection rose 22 per cent to Rs 2.40 lakh...