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

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

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

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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...
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Business

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

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

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

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

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

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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...
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Business

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

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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...
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Business

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

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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...
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Business

President Droupadi Murmu gives assent to Women’s Reservation Bill

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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...
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Business

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

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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...
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Business

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

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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...
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Business

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

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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...
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Business

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

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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

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The Indian Railways utilised 59 per cent of its total capital expenditure in the first six months of the financial year 2023-24, Railways...
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It’s official: No more free Windows 10 upgrades

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

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Bharti Airtel on Saturday announced it has garnered over 50 million 5G customers on its network - a feat achieved within one year...
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Monsoon 2023 ends with ‘below-normal’ rains with 6% shortfall, says IMD

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Despite a looming El Nino, the 2023 southwest monsoon season ended today with rainfall deficit of just 5.6 per cent from normal as...
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Railways utilised 59% of its capex in first 6 months of 2023-24: Vaishnaw

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The Indian Railways utilised 59 per cent of its total capital expenditure in the first six months of the financial year 2023-24, Railways...
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It’s official: No more free Windows 10 upgrades

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

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