business news

NEW DELHI: The net direct tax collections till mid-June this fiscal increased 45 per cent to over Rs 3.39 lakh crore, buoyed by decent advance tax mop-up, the Income Tax department said on Friday. The net direct taxcollection of over Rs…

BENGALURU: RelianceIndustries is considering buying out Revlon in the United States, days after the cosmetics giant filed for bankruptcy, ET Now reported on Friday, citing sources. The report comes as Revlon filed for bankruptcy earlier…

NEW DELHI: The government is working towards expanding the National Highway network to 2 lakh kilometres by 2025, Union Road Transport and Highways Minister Nitin Gadkari said on Friday. Addressing an event organised by Indian Roads…

NEW DELHI: In a bid to rein in private fuel retailers curtailing operations to cut losses, the government has expanded the scope of Universal Service Obligation (USO), mandating licensed entities to maintain petrol and diesel salesat…

NEW DELHI: Digital financial services firm One97 Communications' Managing Director Vijay Shekhar Sharmahas purchased 1.7 lakh shares of the company worth Rs 11 crore, according to a regulatory filing. The disclosures from the company,…

NEW DELHI: The prices of all electric vehicles(EVs) will be equal to the cost of petrol vehicles in the country within one year, road transport and highways minister Nitin Gadkari said on Friday. Gadkari further said the government is…

MUMBAI: India is likely to impose a ceiling on sugar exportsfor a second straight year starting this October, aiming to ensure ample domestic supplies and keep a lid on local prices, industry and government sources said on Friday.…

MUMBAI: Refuting criticism of the RBI being behind the curve, Governor Shaktikanta Dason Friday defended the policy actions, saying shifting focus to inflation management earlier would have had "disastrous" consequences to the economy.…

NEW DELHI: The Reserve Bank of India will soon be issuing guidelines to make digital lending ecosystem safe and sound, Governor Shaktikanta Dassaid on Friday. RBI is confident of exiting from ultra-loose monetary policy smoothly and…

NEW DELHI: The Indian rupee depreciated by 1.5 per cent against the US dollar month-on-month in May 2022 on the back of foreign portfolio equity outflows and a strong US dollar but the depreciation was rather modest relative to other…