Business

Manzoor Ahmad lost his job as an electrician and is struggling to make ends meet after a crucial road tunnel project shut down in Srinagar, Jammu and Kashmir.

Construction of the Z-Morh tunnel came to a halt two months ago after Infrastructure

October this year not only signals the advent of the festive season but also promises to give you better returns on your savings. How Well, the government has recently raised interest rates on small savings schemes such as fixed deposits (FD) a

The government on Wednesday announced a hike in customs duty on select items to curb "non-essential imports" and narrow the current account deficit. The move will be applicable to 19 items, such as aviation turbine fuel (ATF), consumer appliances

The rupee closed nearly unchanged against the US dollar on Thursday, amid mild gains in emerging market peers. The currency gained some ground early in the session but gave up those advances to settle at 72.59 for the day, as against 72.60 the

A textile-yarn company in western Indian soon will have more machines than workers. A manufacturer in southern India sold almost double the number of its automated goods last year. India's biggest carmaker has one robot for every four plant employees.

Automation will double over the next three years in Indian factories, according to a survey by

Budget passenger carrier IndiGo has announced Kuala Lumpur as its twelfth international destination, said the carrier in a press release issued today. The airline will operate daily non-stop flights between Kuala Lumpur-Bangalore and Kuala Lumpur-Delhi,

The Reserve Bank of India (RBI) has cancelled a meeting with the shareholders of debt-laden Infrastructure Leasing and Finance Services (IL-FS) on Friday, according to banking sources.

The central bank had called a meeting with key shareholders of IL-FS, including Life Insurance Corporation of India (LIC) and State Bank of India,

The Reserve Bank of India (RBI) eased cash requirements for banks on Thursday and said it would provide "durable liquidity", but the relief was short-lived for markets fearful of a credit crunch arising from problems among non-banking finance

The rupee rose marginally against the US dollar on Wednesday. The rupee moved 9 paise higher to close at 72.60 against the greenback. The mild gain in the rupee against the dollar came after two days of fall. Weakness in the greenback overseas provided some support to the rupee

World trade growth is likely to be slower than previously thought in 2018 and 2019, although the direct economic effects of a trade war that has blown up this year have been modest so far, the World Trade Organization (WTO) said on Thursday.

The WTO forecast world trade in goods would grow by 3.9 per cent this year, less than the 4.4 per

The Federal Reserve raised interest rates on Wednesday and left intact its plans to steadily tighten monetary policy, as it forecast that the US economy would enjoy at least three more years of growth.

In a statement that marked the end

State Bank of India (SBI) at its executive committee meeting of the board held today, approved the sale of 86.2 lakh shares of Rs 10 each, equaling to 4 per cent stake in its subsidiary SBI General Insurance Company Limited (SBI GI) for Rs 482 crores. The Axis New

Domestic carriers are unlikely to face a significant hit from the government's decision this week to impose a tariff on jet fuel, as imports account for less than 5 per cent of domestic jet fuel consumption.

Government data reviewed by Reuters showed

A sense of deja vu has enveloped India.

A sharp slide in the rupee, rising oil prices and a widening current-account deficit due to slowing capital inflows are throwbacks to the dark days of 2013, when the country bore much of the brunt of the

Snapping two-day rising streak, gold prices edged lower by Rs 75 to Rs 31,650 per 10 grams at the bullion market on Wednesday, reported news agency Press Trust of India (PTI). According to traders, gold prices fell today tracking a weak trend overseas amid

Mumbai: Led by steel firms, India Inc is likely to double its revenue growth in the second quarter of fiscal year 2019, primarily due to base effect, according to a report by credit ratings agency Crisil.

Corporates are set to log in a topline growth of 12.1 per cent in the September quarter, up from 6.4 per cent in the corresponding period last

The Indian rupee on Thursday advanced by another 22 paise to 72.38 against the US dollar in early trade in the forex market, reported news agency Press Trust of India (PTI). The Indian currency strengthened today after the government raised import duties on select items to check

The government and regulators would make every effort to prevent the risk of "contagion" in credit markets resulting from a scare caused by two non-banking financial companies (NBFC), a senior government advisor said on Wednesday.

The finance

Amid high competition, airlines are looking at ways to increase customer base by offering discount on flight tickets and announcing new flight services. SpiceJet, IndiGo and Jet Airways recently introduced new flights on different routes. SpiceJet on Thursday announced a daily non-stop flight

Domestic stock indices opened on a flat note on Thursday as investors turned cautious ahead of September futures and options (F-O) expiry. At 9:42 am, the S-P BSE Sensex advanced 80.79 points or 0.22 per cent to trade at 36,623.06. The broader N

Nineteen out of 30 Sensex stocks finished the session in the red.

Stock markets moved lower amid cautious trade on Thursday, a day marked with expiry of the monthly derivatives contracts. BSE benchmark index Sensex shed 218 points to close at 36,324, while the broader NSE Nifty dropped 76 points to end at 10,977. The losses came a day after the government announced hikes in import duty on nineteen items, as part

The UIDAI or Unique Identification Authority of India on Wednesday welcomed the ruling on the Aadhaar matter by the Supreme Court, which upheld the validity of the biometric identity system. While the top court cleared the use of Aadhaar card for welfare schemes, it ruled that it is not mandatory to link bank accounts with the 12-digit personal

Over 21.08 crore permanent account numbers (PANs) have been linked with Aadhaar till now, latest data revealed, as the Supreme Court upheld the validity of the linkage between the two databases on Wednesday.

As per official figures accessed by news agency Press Trust of India, a total of 21,08,16,676 PANs issued by the Income Tax

Petrol, diesel prices climbed to new peaks on Thursday as oil marketing companies (OMCs) raised the fuel rates across four metro cities. In Delhi, petrol rate touched Rs 83 per litre while diesel price reached Rs 74.24 per litre on Thursday. In Mumbai,

With its stock trading near a 6-year low late last month, Ford Motor Co CEO Jim Hackett gathered the automaker's top 300 executives near its headquarters in Michigan for a global leadership meeting.

Hackett's message: Ford must put in motion plans to restructure

NEW DELHI: The Cabinet Wednesday cleared a proposal to convert GST Network (GSTN) into a government-owned company, Finance Minister Arun Jaitley said.

Briefing reporters about the decisions taken in the Cabinet meeting, the finance minister said that 50 per

Gold prices slipped by Rs 100 to Rs 31,550 per 10 gram at the bullion market on Thursday, reported news agency Press Trust of India (PTI). According to traders, gold rates fell due to a weak trend overseas and muted demand from local jewellers. In the

Crisis-hit Jet Airways has told its pilots, aircraft maintenance engineers and senior management team that part of their August salaries will be paid by October 9, according to a communication. 

On September 6, the full service airline told senior employees that salaries would

Discussions on a bailout package for embattled state-run carrier Air India are at an "advanced stage", Minister of State for Civil Aviation Jayant Sinha said on Wednesday.

The government has been working on a package for Air India after