Business

New Delhi: Union Cabinet Wednesday approved a scheme to promote manufacturing of rare earth permanent magnets with an outlay of Rs 7,280 crore. The 'Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets' was approved at a Cabinet meeting chaired by Prime Minister Narendra...

Washington: India's Ambassador to the United States, Vinay Mohan Kwatra, held a wide-ranging conversation on India-US bilateral economic engagement agenda with Jacob Helberg, the 22nd Under Secretary of State for Economic Affairs. "Congratulated US Under Secretary of State for Economic Affairs Jacob Helberg on assuming...

Mumbai: Snapping the three-day falling streak, benchmark Sensex rebounded by 1,022 points while Nifty reclaimed the 26,000 level Wednesday on across-the-board buying aided by a rally in global peers amid growing hopes of a US Fed rate cut and fresh foreign fund inflows. The 30-share...

Mumbai: RBI Deputy Governor Poonam Gupta Wednesday said there is no "systematic bias" in the central bank's inflation forecasting. In comments that come amid concerns in some quarters on this aspect, Gupta said the central bank uses a variety of models and expert discussions to...

New Delhi: Ministry of Coal Wednesday successfully completed the auction of three coal blocks in Jharkhand and Odisha under the 13th round of commercial coal mine auctions, which are likely to attract a capital investment of nearly Rs 7,350 crore, according to an official statement...

New Delhi: India and the Russia-led EAEU group will start formal negotiations for a trade agreement from Wednesday, Commerce and Industry Minister Piyush Goyal said on Tuesday. India and the five-nation grouping, the Eurasian Economic Union (EAEU), on August 20, inked the terms of reference...

Bhubaneswar: Odisha government Tuesday approved 20 projects with a total proposed investment of Rs 4,353 crore, an official said. The projects were approved at the State Level Single Window Clearance Authority (SLSWCA) meeting, chaired by Chief Secretary Manoj Ahuja in Bhubaneswar. The projects would be...

Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi Tuesday asserted that an “industrial revolution” started in the state after the BJP came to power, attracting investments to the tune of Rs 17 lakh crore. Majhi made the remarks while addressing the inaugural session of ‘Samruddha Odisha-2036'...

Bhubaneswar: Chief Minister Mohan Charan Majhi Tuesday said that Odisha must achieve fivefold economic growth over the next decade to realise its goal of becoming a $500-billion economy by 2036. While Minister inaugurating the two-day ‘Samruddha Odisha 2036’ Conclave organised by the Utkal Chamber of...

Mumbai: Stock markets closed lower for the third consecutive session Tuesday with the benchmark Sensex sliding nearly 314 points due to selling in IT and auto shares as foreign fund outflows dampened investor sentiment. In a volatile trade, the 30-share BSE Sensex dropped 313.70 points...