Business

Mumbai: The Central Bureau of Investigation (CBI) Tuesday filed the first charge sheet in the Reliance Commercial Finance Ltd (RCFL) case against seven accused, including two Reliance Group companies, for causing a loss of Rs 4,097 crore to public sector banks, according to a statement...

New Delhi: India's economy has become less dependent on monsoon rains, with expanding irrigation networks and changing cropping patterns over the last decade insulating agriculture and rural demand from the kind of shocks seen in earlier years, according to a report. Historically, deficient monsoons often...

Mumbai: Market benchmark indices Sensex and Nifty ended lower Tuesday amid profit-taking after a four-day rally, in line with weakness in Asian equities. Buying in IT stocks, however, cushioned the market's fall. Fag-end selling dragged the 30-share BSE Sensex lower, leading the benchmark to settle...

Bhubaneswar: As Odisha experienced depression induced rains for three consecutive days, Revenue and Disaster Management Minister Suresh Pujari has asked officials to begin assessment of crop loss due to heavy downpour. Minister Pujari, during a review meeting Monday, said the affected farmers should be provided...

New Delhi: Prime Minister Narendra Modi announced Tuesday that India’s Unified Payments Interface (UPI) will be integrated with Indonesia’s payment system, which will enable tourists and businesses to make cross-border retail payments more easily by using their domestic payment apps. Addressing a joint press conference...

New Delhi: US-based artificial intelligence giant OpenAI's ChatGPT experienced service disruptions Tuesday, with users reporting issues across several features, including Codex, Custom GPTs and workspace analytics, while the company said it is working to resolve the remaining problems. According to outage tracking platform Downdetector, user...

New Delhi: Markets regulator Sebi has notified rules to reintroduce share buybacks through stock exchanges, allowing companies to repurchase their own shares in the open market starting August 1, while capping the execution period at 66 working days. The new rules by the Securities and...

Redmond (Washington): Microsoft is cutting 4,800 jobs, about 2.1 per cent of its global workforce, including a large number of workers at its Xbox video game business. The layoffs included 1,600 Xbox workers, with more to come this year in a broader reorganization designed to...

Mumbai: The rupee depreciated 25 paise to close at 95.43 against the US dollar Monday, as a strengthening greenback weighed on emerging market currencies. At the interbank foreign exchange market, the rupee opened at 95.25 against the American currency and traded in a range of...

Jakarta: Prime Minister Narendra Modi Monday arrived in Indonesia on the first leg of his three-nation tour, aimed at further strengthening India's Act East Policy, MAHASAGAR Vision and its commitment to a free, open and inclusive Indo-Pacific. In a special gesture, Modi was received at...