Business

New Delhi: Central government cut export duties on petrol, diesel and aviation turbine fuel (ATF) from Saturday, setting the petrol levy at zero and cutting charges on diesel and ATF. The government reduced the petrol export duty to nil from Rs 3.5 per litre, cut...

New Delhi: The Income Tax Department Saturday notified a new voluntary disclosure scheme allowing small taxpayers to declare certain undisclosed foreign assets and income by paying an effective 60 per cent tax, as the government seeks to bring overseas holdings into the tax net without...

Bhubaneswar: The BJD has planned to pursue both legal action and public demonstrations to oppose the passage of the Mines and Minerals (Amendment) Bill in Parliament, arguing that the legislation poses a threat to Odisha's fiscal autonomy. The bill, which seeks to restrict states' powers...

New Delhi: Prime Minister Narendra Modi Saturday said India has already begun production at three semiconductor plants, and five to eight more plants are expected to come up in the coming years. Addressing the nation from the ramparts of the historic Red Fort on the...

New Delhi: As Bangladesh reels under an acute energy crisis, India on Friday said it is examining Dhaka's request for additional supply of petroleum products. "We have an ongoing arrangement with Bangladesh for the supply of diesel. Insofar as the request for additional supplies is...

Mumbai: India's current account deficit widened to USD 6.2 billion in June from a surplus of USD 1.2 billion in the year-ago month, according to preliminary data released by the Reserve Bank of India Friday. The current account deficit was primarily driven by a widening...

Bhubaneswar: BJD president Naveen Patnaik on Friday claimed that the passage of the Mines and Minerals Amendment Bill poses a great threat to Odisha's fiscal autonomy, and urged Chief Minister Mohan Charan Majhi to convene a special session of the Assembly to pass a resolution...

New Delhi: India has emerged as a major power in global defence manufacturing, with exports of military hardware surging to Rs 38,424 crore in 2025-26 driven by a significant push toward indigenous production, Defence Minister Rajnath Singh said Friday. In a message to the armed...

New Delhi: Reliance Industries and Rolls-Royce Friday said they intend to jointly develop a sovereign combat engine for the Advanced Medium Combat Aircraft (AMCA) programme, marking a bid by India's largest private-sector company and Britain's storied aero-engine maker to build indigenous fighter-jet propulsion capability in...

Mumbai: Market benchmark indices Sensex and Nifty ended lower Friday as elevated oil prices and the prolonged US-Iran impasse weighed on investor sentiment. The 30-share BSE Sensex dropped 70.71 points, or 0.09 per cent, to settle at 78,009.25. During the day, it declined 395.59 points,...