Rupee gains 20 paise against US dollar NEW DELHI: Rupee began Friday on a strong note, gaining 20 paise from its previous close to 94.79 against the US dollar. The rise came as American currency weakened and the impact of the Reserve Bank of India’s structural forex interventions supported the unit.The gains, however, remained limited…
Govt raises petrol export duty, cuts diesel levy NEW DELHI: The government has raised the export duty on petrol fivefold to Rs 2.5 per litre from Rs 0.5, while cutting the levy on diesel to Rs 8.5 per litre from Rs 16. The revised rates came into effect on October 16.The export duty on aviation…
Mistry responded with a submission on Thursday, asking Bai Hirabai to file an affidavit stating that Noel Tata met the eligibility criteria. MUMBAI: Mehli Mistry has no standing to challenge how two Tata trusts are run, the trusts told the charity commissioner’s office on Thursday. Sir Dorabji Tata Trust (SDTT) and Bai Hirabai Jamestji Tata…
Air India is forming a dedicated team to identify cost-saving opportunities in operations while facing significant challenges. NEW DELHI: Air India MD and CEO Tewolde Gebremariam has set up a “multidisciplinary, cross-functional cost savings team” to find all possible ways and means of reducing expenditure on “full-time basis” amid mounting losses. Air India reported a…
Mumbai: Union Minister for Commerce and Industry Piyush Goyal with Canada’s Minister for International Trade Maninder Sidhu during a reception for the Team Canada trade mission to India, in Mumbai. (PTI Photo/Shashank Parade)(PTI10_14_2026_000578B) Trade with China rose about 29%to $91.8 billion in April-Sept, making Beijing the largest trading partner in the first half Mumbai: Union…
Sequentially, the UR for people aged 15 and above remained steady at 5% for the secondstraight month NEW DELHI: India’s unemployment rate (UR) fell to 5% in Sept, compared with 5.2% a year ago, even as the labour force participation rate (LFPR) improved in the country, particularly in rural areas, according to the monthly periodic…
Reliance Jio Infocomm chairman Akash Ambani and non-executive director Isha Ambani at the IPO announcement in Mumbai Thursday MUMBAI: In the biggest reshuffle in the country’s corporate rankings in decades, Reliance Industries (RIL) Group is all set to overtake Tata Group as India’s most valuable conglomerate, once Jio Platforms lists.The proposed listing, at an estimated…
Net direct tax collections rise 13.21% to Rs 13.38 lakh crore NEW DELHI: India’s net direct tax mop-up reached Rs 13,37,866.98 crore in FY2026-27 as of October 14, marking a 13.21 per cent increase from Rs 11,81,786.98 crore collected during the same period last year, data released by the income tax department showed.The increase came…
PM Modi dedicated to the nation the 298-km Nimmu-Padum-Darcha Road. (Photo: X) NEW DELHI: Prime Minister Narendra Modi on Thursday virtually inaugurated five development projects worth around Rs 3,350 crore in Ladakh, covering airport infrastructure, strategic road connectivity, renewable energy and water conservation.“Today, another chapter is being added to Ladakh’s progress and development. I am…
IMF defends India’s revised GDP calculation The International Monetary Fund (IMF) has welcomed India’s revised method of calculating gross domestic product (GDP), saying it is in line with good statistical practices and advice provided by the global lender.Krishna Srinivasan, director of the IMF’s Asia and Pacific Department, described the revision as a “welcome development”, noting…
