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Last date to exchange Rs 2,000 notes at banks extended till Oct 7

As the period specified for the withdrawal process has come to an end, and based on a review, it has been decided to...

Weight loss drugs like Ozempic, Wegovy would reduce airlines’ costs

By Mary Schlangenstein Airlines and planemakers obsess about reducing jet-fuel consumption by constantly finding new ways to reduce aircraft weight. They may have new...

FinMin notifies Oct 1 date for implementing amended GST law for e-gaming

The Finance Ministry has notified October 1 as the date for implementation of the amended GST law provisions for taxing e-gaming, casinos and...

Govt increases windfall tax on petroleum crude, cuts levy on diesel, ATF

The Indian government increased windfall tax on petroleum crude, while reduced it on aviation turbine fuel and diesel, according to a government notification...

Anil Agarwal’s Vedanta to split biz into 6 companies to unlock value

Anil Agarwal-promoted Vedanta Ltd on Friday announced its board had approved a pure-play, asset-owner business model that would ultimately result in six separate...

Govt hikes interest rate on 5-year recurring deposit scheme to 6.7%

The government has increased the interest rate on the five-year recurring deposit scheme by 20 basis points to 6.7 per cent for the...

Key infra sector growth rises to 14-month high of 12.1% in August

The growth of eight key infrastructure sectors rose to a 14-month high of 12.1 per cent in August 2023 against 4.2 per cent...

President Droupadi Murmu gives assent to Women’s Reservation Bill

Droupadi Murmu (Photo: PTI) President Droupadi Murmu has given her assent to the women's reservation bill which seeks to provide 33 per cent reservation...

S&P Global Ratings downgrades Vedanta Resources, puts it on credit watch

S&P Global Ratings downgraded the rating of Vedanta Resources, parent of India's Vedanta Ltd, to "CCC" from "B-" on Friday and placed it...

Vedanta to spin off, list six businesses to attract big-ticket investment

Photographer: Kanishka Sonthalia/Bloomberg Indian metals-to-oils conglomerate Vedanta Ltd said on Friday it plans to spin off and list six of its companies to attract...

FTSE Russell bond index not to include India, wk after JPMorgan’s inclusion

The rupee was trading slightly higher at 83.1000 to the U.S. dollar, after closing at 83.1850 on Thursday, while the benchmark 7.18 per...

Sony India says merger with Zee Ent likely delayed, to take few more months

The merger to create a $10 billion media and entertainment powerhouse, which was announced in 2021, won a key approval in August. Japan's Sony...

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Railways utilised 59% of its capex in first 6 months of 2023-24: Vaishnaw

The Indian Railways utilised 59 per cent of its total capital expenditure in the first six months of the financial year 2023-24, Railways...

Airtel hits 50 mn 5G customers, says services now span all districts

Bharti Airtel on Saturday announced it has garnered over 50 million 5G customers on its network - a feat achieved within one year...

Monsoon 2023 ends with ‘below-normal’ rains with 6% shortfall, says IMD

Despite a looming El Nino, the 2023 southwest monsoon season ended today with rainfall deficit of just 5.6 per cent from normal as...