Week performance in European operations is likely to have driven Tata Steel Ltd into losses in the September quarter. The steel major will report its earnings on November 1. Consolidated loss for the quarter, according to five analysts polled by Moneycont...

NEW DELHI: In the second quarter of FY24 (July-September), the state-run Indian Oil Corporation Ltd (IOCL) saw a remarkable turnaround as its consolidated net profit soared to Rs 13,713 crore, bouncing back from a loss of Rs 910 crore in Q2 FY23. However,...

New Delhi: The government on Tuesday increased the windfall profit tax on crude oil produced in the country and reduced the levy on exports of diesel. The tax, levied in the form of Special Additional Excise Duty or SAED, on domestically produced crude oi...

NEW DELHI: The Centre’s fiscal deficit in the first half of this fiscal year touched 39.3% of the annual target, up from 37.3% a year before but it remained under control after a spike until July, showed official data released on Tuesday. A tight leash on...

NEW DELHI: The Centre is likely to set up a group of ministers (GoM) to look into the regulatory framework for the gaming industry and consider other issues impacting the sector. The GoM will likely include home minister Amit Shah, finance minister Nirmal...

NEW DELHI: The output of eight key infrastructure industries — known as the core sector — slowed to a four-month low of 8.1 per cent in September, on the back of a high base and a slowdown in seven constituent sectors. In September last year, the core sec...

Former Andhra Pradesh Chief Minister Chandrababu Naidu has been granted a four-week interim bail in the skill development scam case. According to sources, the bail has been been granted by the High Court on medical grounds. Former Chief Minister N Chandra...

NEW DELHI: India’s Custom authorities are “actively deploying” cutting-edge technologies including big data analytics, artificial intelligence, image analytics to detect fraud and curb illegal trade, Central Board of Indirect Taxes and Customs (CBIC) Chai...

The Aam Aadmi Party on Tuesday claimed there are apprehensions that the Enforcement Directorate will arrest Delhi Chief Minister Arvind Kejriwal on November 2 after questioning him in a money laundering case linked to the alleged excise policy scam. The r...

The Aam Aadmi Party is planning to file a review petition against the Supreme Court’s decision rejecting former Delhi deputy chief minister Manish Sisodia’s bail plea, party sources said on Monday. In a setback to Sisodia, the top court earlier in the day...

The Maratha quota row has once again stirred up Maharashtra, with two MPs and one MLA of the Eknath Shinde government in Maharashtra tendering their resignation on Tuesday as protests in some of the regions turned violent. In a small village of Antarwali-...

MUMBAI: The answer to the Reserve Bank of India’s (RBI) question why its rate actions are not completely transmitted through the economy may lie in the shrinking trade volumes in the very segment the central bank targets through its monetary policy — the...

NEW DELHI: India has asked the WTO members to work on a clear definition of e-commerce trade in goods and services as it would help provide developing countries a policy space to make decisions on the fast-growing sector, an official said. At present, the...

MUMBAI: The K-factor, visible in many sectors of the economy, is at play in the housing space as well. Housing sales were at six-year high in the September quarter, however, the sale of affordable housing units declined 10%, as buyers in the segment conti...

MUMBAI: The government has mandated all private companies, other than small companies, to dematerialise their shares by September 30, 2024. The move is expected to boost transparency and oversight of the financial system. The Ministry of Corporate Affairs...