Business

New Delhi: The government will gradually phase out the Wholesale Price Index (WPI) and introduce a detailed Producer Price Index (PPI) covering output, input and services prices, in a bid to offer a more realistic assessment of inflationary trends in the economy. Addressing media on...

Bhubaneswar: Private bus fares in Odisha were revised upward Tuesday following an increase in diesel prices, the State Transport Authority (STA) said. The revised rates increase fares for all categories of private buses operating in the state. The fare for ordinary buses has been raised...

New Delhi: India and the US are scheduled to hold fresh trade negotiations from Tuesday, and both sides are aiming to finalise the first phase of a long-awaited Bilateral Trade Agreement (BTA) that could significantly reshape trade ties between the two countries. The talks that...

Bhubaneswar: Chief Minister Mohan Charan Majhi Monday sought greater support from the Centre to strengthen the state's mining sector, highlighting Odisha's critical role in India's mineral economy and industrial growth. The demands were placed before Union Coal and Mines Minister G Kishan Reddy during a...

London: UK Business and Trade Secretary Peter Kyle will visit New Delhi this week to ramp up the implementation of the bilateral Free Trade Agreement (FTA) and unlock a "timely boost" for both economies, the British government said Monday. Kyle is set to arrive in...

New Delhi: India's industrial production expanded at a slower pace of 4.9 per cent in April due to tepid growth in the energy sector amid the West Asia crisis, according to official data released Monday. This is the first data released after the revision in...

New Delhi: Carmakers posted healthy growth in May, with Maruti Suzuki and Kia India registering record sales, carrying forward the momentum witnessed at the beginning of the new fiscal. Maruti Suzuki India Monday reported its highest-ever monthly sales, with domestic sales of 1,93,535 units in...

Mumbai: Benchmark stock indices Sensex and Nifty fell for the fourth straight session Monday due to selling in FMCG, financial and auto shares amid elevated crude oil prices and uncertainty over the US-Iran 60-day ceasefire. The 30-share BSE Sensex dropped 508.40 points, or 0.68 per...

New Delhi: The free trade agreement between India and Oman came into force Monday, Commerce and Industry Minister Piyush Goyal said. The India-Oman Comprehensive Economic Partnership Agreement (CEPA) will benefit domestic exporters in sectors such as textiles, leather, plastics, marine products, automobiles, sports goods, and...

New Delhi: India's manufacturing sector activity growth accelerated to a three-month high in May, driven by demand strength, infrastructure projects and new business gains, even amid inflationary pressures, a monthly survey said Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) posted 55.0...