Business

Bhagwat Karad, the Minister of State for Finance, told the Lok Sabha on Tuesday that Gitanjali Gems, owned by fugitive diamond merchant Mehul Choksi alone defaulted on loans to the tune of Rs 7,848 crore.

Carmakers will shut the lines manufacturing these vehicles as the engine updation process will be expensive, especially for diesel vehicles.

Budget 2023-24 is the last Union Budget of the Modi government before the 2024 polls and hence it can be expected to be taxpayer-friendly.

Thursday’s official order said that the tax on crude oil produced by companies like Oil and Natural Gas Corporation (ONGC) has been cut to Rs 1,700 per tonne from Rs 4,900.

India is the world's second biggest gold consumer and meets most of its demand through imports.

Bhubaneswar: The Reserve Bank of India (RBI) on Wednesday raised the benchmark lending rate by 35 basis points to 6.25 per cent in an effort to tame inflation, which has remained above its tolerance level for the past 11 months. With the…

Mumbai: ArcelorMittal Nippon Steel India India has concluded a transaction to acquire two port assets and a power plant from the Essar Group for a net value of approximately Rs 16,500 crore having received requisite corporate and regulatory…

New Delhi: The Reserve Bank of India (RBI) will launch the first pilot of the Central Bank Digital Currency, Digital Rupee (Wholesale segment), on November 1 for transactions in government securities. Earlier this month, RBI had said it…

Washington: The International Monetary Fund (IMF) has downgraded forecasts as it expects global growth to slow further in 2023. However, IMF has lauded India’s efforts to grow despite the surrounding gloom, reported ANI. “India deserves…

New Delhi: The Union Home Ministry has upgraded the security cover of top industrialist Mukesh Ambani. The Chairman and MD of Reliance Industries Limited’s security was ramped up to Z+ category based on Intelligence agency’s threat…