Business

New Delhi: The government Tuesday announced an Emergency Credit Line Guarantee Scheme (ECLGS) with an outlay of Rs 18,100 crore for MSMEs, airlines and other companies to help them meet working capital needs amid the challenges posed by the West Asia conflict. The scheme --...

Mumbai: Benchmark indices Sensex and Nifty buckled under selling pressure Tuesday as fresh tensions flared in the Strait of Hormuz region and the ceasefire between the US and Iran came under strain. The rupee hitting a record low against the US dollar amid elevated crude...

Amaravati/Rayagada: Centre has issued a gazette notification establishing the South Coast Railway Zone, with Visakhapatnam as its headquarters. The new railway zone, which will come into effect from June 1, 2026, comprises Guntakal, Guntur, Vijayawada and Visakhapatnam divisions. The Ministry of Railways included some of...

New Delhi/Bhubaneswar: Infrastructure major Larsen & Toubro (L&T) Tuesday said it has bagged an order valued between Rs 2,500 crore to Rs 5,000 crore from the joint venture of state-owned Coal India Limited and Bharat Heavy Electricals Limited for the development of a coal-to-ammonium nitrate...

Mumbai: Rupee fell 39 paise to close at an all-time low of 95.23 against the US dollar Monday, as the ongoing Middle East tensions are causing volatility in global markets, keeping oil prices high and raising fears of inflation and economic slowdown. Forex traders said...

New Delhi: India's cooking gas LPG consumption fell by a steep 16 per cent in April as supply disruptions linked to the West Asia conflict hit availability for both household kitchens and commercial users, according to latest official data. LPG consumption stood at 2.2 million...

Melbourne: The prime ministers of Japan and Australia agreed to deepen cooperation in a wide range of areas, including energy security, defence and critical minerals, as the Iran war threatens global supply chains. Japanese Prime Minister Sanae Takaichi met her Australian counterpart, Anthony Albanese at...

New Delhi: India's manufacturing sector activity witnessed mild recoveries in growth of new business intakes and production, but rates of increase were the second-weakest in nearly four years. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index rose from 53.9 in March to 54.7 in...

Dubai: The United States will launch an effort Monday to "guide" stranded ships from the Iran-gripped Strait of Hormuz, President Donald Trump said, giving few details about a sweeping effort to help hundreds of vessels and some 20,000 seafarers. Trump said in a social media...

New Delhi: A tanker carrying liquefied petroleum gas (LPG) for India has sailed out of the Strait of Hormuz and is now headed towards the country, an official statement said Sunday. The Marshall Islands-flagged LPG carrier MT Sarv Shakti, loaded with 46,313 tonnes of LPG...