Business

Bhubaneswar: The Odisha government has exempted electricity dues amounting to Rs 4,097.67 crore for 14 industries under various schemes during the last 10 years, Deputy Chief Minister Kanak Vardhan Singh Deo told the Assembly Wednesday. In a written reply to a question from senior Congress...

New Delhi: The Asian Development Bank (ADB) Wednesday lowered India's economic growth forecast to 6.5 per cent for the current financial year from its earlier estimate of 7 per cent due to lower-than-expected growth in private investment and housing demand. The multilateral development bank has...

Mumbai: Sanjay Malhotra took charge as the 26th Governor of Reserve Bank of India Wednesday, and promised to focus on deepening trust, growth and ensuring stability. Malhotra, 56, takes over as the central bank governor at a critical time where inflation has shot above the...

New Delhi: The Enforcement Directorate Tuesday said it has begun restituting assets worth more than Rs 2,500 crore as part of a money laundering investigation against absconding businessman Mehul Choksi in connection with the alleged Rs 13,000 crore PNB loan fraud case. The federal agency...

New Delhi: Revenue Secretary Sanjay Malhotra Tuesday said he will work to understand all perspectives and do what is best for the economy after he takes charge as the RBI Governor December 11. Responding to reporters' queries outside the Finance Ministry, Malhotra said, "One has...

Bhubaneswar: Singapore President Tharman Shanmugaratnam will visit Odisha in January and his country is the first overseas partner of the state's investor summit 'Utkarsh Odisha- Make in Odisha Conclave 2025'. Simon Wong, the High Commissioner of Singapore to India, said this to Chief Minister Mohan...

New Delhi: S&P Global Ratings on Tuesday said the Indian economy is set for "resilient growth" in 2025 and projected inflation pressure to recede which will lead to "modest" easing of the monetary policy by the RBI. In its India outlook for 2025, S&P also...

Mumbai: The growth slowdown is due to a multiplicity of factors, and not due to the Reserve Bank's repo rate, outgoing Governor Shaktikanta Das said Tuesday. Addressing a press conference on his last day at work, Das said restoring the growth-inflation balance is the most...

Bhubaneswar: The Railways has sanctioned Rs 509 crore for the construction of two major flyovers in Cuttack and Rayagada districts, an official release stated Monday. The initiative is part of the broader Energy, Mineral and Cement Corridor Scheme of the Railways, aimed at improving train...

New Delhi: A computer science engineer and master's in public policy from Princeton University, Sanjay Malhotra, the new Governor of the Reserve Bank of India (RBI), is a known consensus builder and the person instrumental in the implementation of the new income tax regime. Malhotra,...