Business

Fixed deposits (FDs) have long been a preferred savings instrument for individuals seeking a safe and reliable investment avenue. For senior citizens, fixed deposits hold even greater appeal, thanks to the higher interest rates offered compared to standard deposits. These elevated sr citizen FD rates...

Bhubaneswar: In a concerted effort to strengthen the jackfruit industry in Odisha, the Directorate of Horticulture, under the Department of Agriculture and Farmers’ Empowerment (DA and FE), has signed MoUs with two companies— Artocarpus Foods Pvt Ltd and Nutritivo Food Products LLP. The agreements aim...

Mumbai: Benchmark Sensex advanced 110 points Wednesday, extending its gains to the fourth day in a row helped by buying in HDFC Bank, ICICI Bank and fresh foreign fund inflows. The 30-share barometer rose by 110.58 points or 0.14 per cent to settle at 80,956.33....

Mumbai: Reserve Bank's high-level panel Wednesday started deliberations on the bi-monthly monetary policy amid expectations of status quo on interest rate as the retail inflation is above the upper tolerance level of the central bank. The decision taken at the RBI Governor Shaktikanta Das headed...

ARINDAM GANGULY, OP Bhubaneswar: In a landmark achievement, Odisha exported its largest-ever onroad engineering equipment to Bhutan Tuesday, marking a significant milestone in the state’s manufacturing and export sector under the Make in India initiative. The flag-off event, held at Mancheswar, was inaugurated by MSME...

New Delhi: The Lok Sabha Tuesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees in their accounts. Another proposed change relates to redefining 'substantial interest' for directorships, which could increase to Rs 2 crore instead...

Hanoi: The death sentence for real estate tycoon Truong My Lan was upheld Tuesday in Vietnam's largest fraud case, the scale of which had raised concerns about the country's economy. She had been convicted in April of embezzlement and bribery over the fraud amounting to...

Beijing: China announced Tuesday it is banning exports to the United States of gallium, germanium, antimony and other key high-tech materials with potential military applications. The Chinese Commerce Ministry announced the move after the Washington expanded its list of Chinese companies subject to export controls...

Washington: The Biden Administration Monday notified the Congress of its decision to approve the sale of MH-60R Multi-Mission Helicopter Equipment and related ones at an estimated cost of $1.17 billion. The proposed sale will improve India's capability to deter current and future threats by upgrading...

Mumbai: Benchmark indices Sensex and Nifty rallied for the third straight session Tuesday amid buying in blue-chip stocks like HDFC Bank, Reliance Industries and firm trends in global markets. The BSE benchmark Sensex jumped 597.67 points or 0.74 per cent to settle at 80,845.75. During...