Business News

New Delhi: Banks have sanctioned additional credit amounting to Rs 2,05,563 crore to 80,93,491 borrowers under the Emergency Credit Line Guarantee Scheme (ECLGS). The Rs 3 lakh crore ECLGS scheme was announced by the government early…

New Delhi: Gems and jewellery exporters have been permitted to send their goods across the globe to their buyers using the convenience of cost effective and reliable courier services. The Central Board of Indirect Taxes and Customs…

New Delhi: Come January 1 and GST taxpayers would be able to pay their tax dues on a self assessment basis without having to go through the cumbersome process of filing tax returns on a monthly basis. The Central Board of Indirect Taxes…

Mumbai: Rising crude oil prices along with widening trade deficit has elevated the depreciation risk level for the Indian rupee during the upcoming week. Accordingly, other factors like failure of Brexit talks as well as changes in US…

Bhopal, Dec 14 (UNI) Madhya Pradesh Public Works Minister Gopal Bhargava on Monday underlined the crucial role of industrial institutions coupled with robust infrastructure in attaining the cherished objective of a self-reliant state,…

NEW DELHI: Finance Minister Nirmala Sitharaman took stock of progress made under various schemes under the three Aatmanirbhar Bharat Packages (ANBP) to help revive economy hit hard by the outbreak of COVID-19 pandemic. Following…

NEW DELHI: GST authorities have arrested as many as 140 persons, including five chartered accountants, in about a month's time on charges of issuing fake invoices, and have now trained their guns on entities transporting under-valued goods.…

NEW DELHI: Country's leading hypermarket chain Big Bazaar, which has its presence in over 100 cities across the country, is planning to open 16 more stores to take the overall count to 300 over the next three quarters, a company official…

Kochi (Kerala) , December 13  The Enforcement Directorate (ED) has found Rs 2.21 crores in the bank accounts of Rauf Sheriff, general secretary of Campus Front of India, a student organisation. He was wanted in a money laundering…

NEW DELHI: Passenger vehicle sales (factory dispatches) grew by 4.65 per cent in November year-on-year, coming in at 264,898 units against 253,139 units sold in the same month last year, according to the latest data from the Society of…

NEW DELHI: Signalling what appears to be a sustained recovery, India’s industrial production rose to an eight-month high of 3.6% in October on the back of pickup in manufacturing, consumer goods and power sectors. The IIP had contracted by…

Mumbai: Indian Oil christened its 5 kg free trade LPG (FTL) cylinder, Chhotu, and launched it in New Delhi on Friday. In a small virtual ceremony, Indian Oil’s Chairman SM Vaidya along with Indian Oil’s Director (Marketing) Gurmeet Singh…

Boston: Hyundai Motor Group on Friday announced to acquire controlling stake from SoftBank in consumer robot maker Boston Dynamics in a deal that values the company at $1.1 billion. Hyundai is taking about 80 per cent stake in the…

San Francisco: Amazon founder and CEO Jeff Bezos has said that his company has become the largest-ever corporate purchaser of renewable energy after it added 26 new wind and solar energy projects totaling 3.4 gigawatts (GW) of electricity…

New Delhi: Larsen and Toubro (L&T) has emerged as the lowest bidder in multiple infrastructure projects, including ONGC, Nuclear Power Corporation and Chennai Metro Rail. On the ONGC NLRNC project, sources said L&T Hydrocarbon…

Chicago, US: Fitch Ratings expects average revenue passenger kilometres for India's airlines to remain 40 per cent below 2019 levels in 2021 despite recovering from being 65 per cent lower in 2020. Domestic passenger traffic remains weak…