Business

Mumbai: The Reserve Bank Thursday came out with draft rules governing banks' engagement of loan recovery systems, mandating training for agents and also recordings of all calls. A bank must ensure that all phone calls made to a borrower by an agent are recorded, the...

New Delhi: The Defence Ministry Thursday approved the Rs 3.25 lakh crore proposal to buy 114 Rafale fighter jets from France for the Indian Air Force, according to reliable sources. The clearance was granted by the Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath...

Bilzen-Hoeselt (Belgium):  Leaders from across the European Union are meeting Thursday in a Belgian castle as the 27-nation bloc faces antagonism from US President Donald Trump, strong-arm economic tactics from China and hybrid threats from Russia - challenges that have prompted a rethink of Europe's...

Washington: A bipartisan group of 100 members of Congress has urged Homeland Security Secretary Kristi Noem to exempt the health care sector from a new $100,000 fee on employers petitioning for H-1B visas, warning it could deepen staffing shortages and limit access to care across...

New Delhi: The Confederation of All India Traders (CAIT) on Thursday said markets across the country are open, trade is normal, and all business activities will proceed as usual, amid the ‘Bharat Bandh’ (nationwide strike) call by some trade unions and farmers’ organisations. According to...

New Delhi: India’s trade surplus with the US may cross $90 billion annually after the trade deal, with at least a $45 billion annual additional trade surplus with the US, which is 1.1 per cent of the GDP, and savings of $3 billion in forex...

New Delhi: Prime Minister Narendra ModiWednesday met CEO of Rolls-Royce, Tufan Erginbilgic, saying that the government welcomes the luxury automaker’s enthusiasm towards scaling up its activities in India. “It was wonderful meeting Mr. Tufan Erginbilgic, CEO of Rolls-Royce, earlier today. We welcome Rolls-Royce’s enthusiasm towards...

New Delhi: Leader of Opposition Rahul Gandhi Wednesday alleged that the government has "sold Bharat Mata" through the India-US interim trade deal and that it was a "wholesale surrender" with India's energy security handed over to America and farmers' interests compromised. Participating in the debate...

New Delhi: Akasa Air's Co-founder and Chief Commercial Officer Praveen Iyer has resigned, marking the second high-level exit at the over three-year-old airline in four months. In a statement Wednesday, the airline said that after a remarkable five- year journey, Iyer has decided to move...

Nuremberg: India has always negotiated with a "clear mindset" on sectors that are "very" sensitive for the country in trade pacts and has protected all those key segments under the interim trade agreement with the US, Commerce Secretary Rajesh Agrawal said. He also said that...