Business

Jajpur: Industrialisation was promised to create employment opportunities and improve the economic condition of local residents through permanent jobs. Trusting these assurances, residents of Kalin ganagar in Jajpur district welcomed several cement plants after the establishment of steel industries. However, JSW Cement has allegedly failed...

Mumbai: Banks have urged the Reserve Bank of India to ease one of the key measures the regulator announced over the weekend to support the rupee and scrap the threshold above which the rule comes into effect, four sources familiar with the discussions said. Lenders...

New Delhi: India and UK Monday agreed to exchange data annually on the use of their Comprehensive Economic and Trade Agreement (CETA), including businesses' claims for lower tariffs and feedback on implementation, starting a year after the pact comes into force, to help more firms...

New Delhi: Supreme Court Monday said the Centre's response on capping the trade margin of anti-cancer drugs at 30 per cent of the maximum retail price (MRP) is "hardly anything to be happy about" and questioned why the government cannot cap trade margins of other...

New Delhi: Retail inflation rose to 5.54 per cent in September, mainly due to costlier food items, according to government data released Monday. The Consumer Price Index-based inflation was at 4.83 per cent in August. The inflation figure for September is the highest in the...

New Delhi: Trade and transport bodies Monday opposed the designation of Ramlila Maidan as a protest site in Delhi, citing its proximity to major wholesale markets in Old Delhi and the potential disruption to the movement of goods and commercial activities. The Chamber of Trade...

Mumbai: Benchmark stock index Sensex dropped by nearly 548 points Monday as a fresh spike in crude oil prices, unabated foreign fund outflows and rising bond yields dented investors' sentiment. Erasing opening gains, the 30-share BSE Sensex tanked 547.65 points, or 0.76 per cent, to...

Dhaka/New Delhi: Home Minister Salahuddin Ahmed will skip the first-ever meeting of home ministers of the BIMSTEC grouping in New Delhi, with a delegation led by a senior bureaucrat set to represent Dhaka amid strained ties between India and Bangladesh. Home Affairs Senior Secretary Manzur...

RABI NARAYAN JENA, OP Bhubaneswar: The state has been receiving less financial assistance from the Centre than anticipated over the past two-and-a-half years, with several key funding heads yet to see any disbursement in the current financial year. Financial assistance is being provided from the...

New Delhi/Singapore: Finance Minister Nirmala Sitharaman Sunday held a discussion in Singapore with Standard Chartered Bank Group Chief Executive Bill Winters on opportunities to strengthen trade finance, cross-border banking, and financial flows in support of India’s growing engagement with global markets. Other top officials of...