Business

Hong Kong: The top trade envoys for China and the European Union agreed Friday on a broad initial deal following two days of talks aimed at calming escalating tensions over trade imbalances, the EU trade commissioner said. Neither side provided clear details on the preliminary...

New Delhi: GST Council, comprising Centre and state Finance Ministers, has rationalised the maximum term of imprisonment for GST offences to up to 5 years, a fine, or both, and changed the punishment from "imprisonment and fine" to "imprisonment or a fine or both". The...

Mumbai: The Reserve Bank of India (RBI) Friday said banks will need to maintain 99 per cent of the required cash reserve ratio (CRR) daily starting October 16, up from 90 per cent at present. The move follows a review of the current liquidity condition...

New Delhi: Communications Minister Jyotiraditya Scindia Friday asserted that satellite communications services can only start after clearance from the home ministry and questioned Congress leader Rahul Gandhi for siding with US business tycoon Elon Musk on his allegations against the government. Speaking to the media...

New Delhi: Supreme Court has directed the Centre and states to interlink key government and insurance databases, including VAHAN, SARATHI, the Electronic Detailed Accident Report (eDAR) portal, and the Insurance Information Bureau (IIB), within four weeks, to streamline motor accident claim processing and ensure seamless...

Mumbai: Benchmark indices bounced back Friday after two days of sharp decline, with the Sensex surging 879 points and the Nifty rising to 22,520.45, led by a rally in TCS, other IT stocks and easing crude oil prices. The 30-share BSE Sensex jumped 879.09 points,...

New Delhi: India has strongly objected to United States Vice President JD Vance’s description of foreign workers as “foreign indentured servants” amid the Trump administration’s decision to suspend the Permanent Labour Certification (PERM) programme. In a statement, the Ministry of External Affairs (MEA) said, “We...

New Delhi: India Friday said that it is aware of the decision announced by the US Department of Labour concerning the Permanent Labour Certification (PERM) programme for some companies, noting that suspension of PERM applications does not impact the validity of existing H-1B visas or...

Washington: An Indian-American policy advocacy group urged the Trump administration to protect legally employed foreign professionals and their families from unintended consequences of its decision to suspend green-card sponsorship applications by certain technology companies. The Foundation for India and Indian Diaspora Studies (FIIDS) called for...

Washington: Microsoft defended its use of H-1B visas, saying 80 per cent of its approximately 6,000 applications last fiscal year involved existing employees rather than new hires, as the Trump administration suspended the company's ability to sponsor foreign workers through a key employment-based green-card programme....