Business

In its Global Economic Outlook report, the US-based agency forecast Indian economy to clock a growth rate of 6.5 per cent this fiscal, a tad lower than official estimates by the Central Statistics Office (CSO) of 6.6 per cent. The economy grew 7.1 per cen...

The decision of the US to hike import duties on steel and aluminium would not only impact India's export of these goods to America but also affect global trade, Biswajit Dhar, a professor of economics at Jawaharlal Nehru University, said.

The concept of roping in equity partners is being explored at a time when National Highways Authority of India (NHAI) got over-subscription of its maiden bundle of 9 highway projects under toll-operate-transfer (TOT) model that will bring Rs 10,500 crore...

The Reserve Bank on Monday said it will inject additional liquidity of Rs 1 lakh crore in banks through longer tenor instruments to enable flexibility towards meeting their fund needs.

The deal came at the start of Prince Mohammed's first public trip abroad since becoming heir apparent last year and purging the kingdom's business and political elite in a crackdown on corruption that saw top princes and businessmen detained.

The study said India and China were likely to see the biggest health savings from improved climate change mitigation under the three scenarios it has proposed.

Firestar Diamond Inc filed for bankruptcy protection on February 26 in the United States, following accusations that other firms led by Modi and his uncle Mehul Choksi colluded with PNB officials to secure unauthorised loans starting 2011.

The move comes at a time when authorities are clamping down on shell companies -- listed as well as unlisted -- for being allegedly used as conduits for illicit fund flows.

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Craig Wright claimed in 2016 that he was the inventor of bitcoin, but stepped back from that claim after skepticism arose on whether he was the actual inventor of bitcoin.

"Finance Ministry has approved the Vehicle Scrapping Policy. A Cabinet note is getting prepared. Now it will go in the GST Council for fixing concessions by the states and the Centre," a source in the know of the development said.

In India, 7,446 mhz of spectrum available for telecom services, of which over 80 per cent is in two new bands, has been identified for mobile telephony.

Beijing-based AIIB, which started functioning in 2016, has committed over USD 1 billion in five infrastructure projects in India and proposes to take 12 more projects envisaging assistance of USD 3.5 billion.

Shares of Punjab National Bank on Tuesday slumped as much as 9 per cent to touch its 52 week low level in morning trade after the lender said the amount of fraudulent transactions could be as much as Rs 12,700 crore.

The 30-share Sensex, which had lost 25.36 points in the previous session, was trading higher by 107.09 points, or 0.31 percent, at 33,926.59.

Current and former US government officials have raised concerns that the government was not informed of the flaws before they became public because the flaws potentially held national security implications.