Business

New Delhi: State Bank of India has decided to classify the loan account of beleaguered telecom firm Reliance Communications as "fraud" and to report the name of its erstwhile director -- Anil Ambani to the Reserve Bank of India (RBI), according to a regulatory filing....

Colombo: The IMF has completed the fourth review of Sri Lanka's USD 2.9 billion bailout programme, allowing the country to draw a USD 350 million tranche from the four-year facility. Amid the island's unprecedented economic crisis, the International Monetary Fund (IMF) in March 2023 approved...

New Delhi: The Road Transport Ministry has allowed cab aggregators to charge up to two times the base fare during peak hours, as opposed to 1.5 times earlier, while for non-peak hours, the fare must be at least 50 per cent of the base fare....

Bhubaneswar: The East Coast Railway (ECoR) loaded a total of 68.19 million tonnes of freight from April to June 2025, compared to 62.2 million tonnes during the same period last year, a growth of 9.69 per cent, an official said. In the month of June...

New Delhi: Gross GST collections increased by 6.2 per cent to over Rs 1.84 lakh crore in June but slipped below the Rs 2 lakh crore mark recorded in the previous two months. Gross GST collections stood at Rs 1,73,813 crore a year ago, as...

New Delhi: The central government Tuesday approved an Employment Linked Incentive scheme with an outlay of Rs 1.07 lakh crore to create 3.5 crore jobs over the next two years through social security schemes run by the retirement fund body EPFO. The ELI scheme to...

New Delhi: Bangladesh made its single largest payment of USD 437 million in June, clearing pending dues, including carrying costs, and issues related to the power purchase agreement, reaffirming the Indian conglomerate's asset as a reliable and cost-competitive power source for meeting the country's growing...

New Delhi: Automakers Maruti Suzuki and Hyundai Motor India reported a double-digit drop in vehicle dispatches in July amid a demand slowdown in the domestic market. Mahindra & Mahindra saw an increase in dispatches to dealers last month, while Tata Motors witnessed a dip compared...

New Delhi: Hectic negotiations between India and the US will enter the sixth day Tuesday in Washington, with the talks reaching a crucial stage and New Delhi demanding greater market access for its labour-intensive goods, an official said. The Indian team, headed by special secretary...

New Delhi: Union Cabinet Tuesday approved the Research Development and Innovation Scheme with a corpus of Rs 1 lakh crore to spur private sector investment in research. The scheme, approved by the Cabinet at a meeting chaired by Prime Minister Narendra Modi, aims to encourage...