business news

MUMBAI: Deutsche Bank estimates that India's consumer price index (CPI) firmed to 6.9% year-on-year in August, while core inflation likely stood at 6%. The Asian nation will report the data next Monday. While Brent crude oil prices…

MUMBAI: RBI governor Shaktikanta Das has said that macroeconomic conditions have improved on several fronts since its August 5 monetary policy. Crude oil priceshave averaged $97. 4 per barrel in August versus the central bank’s estimate…

Leadership is transcending sectoral boundaries with several companies betting on the innate abilities of candidates over same-industry experience. An Executive Access (India) study of 330 CEO movements over the last 10 months found that…

NEW DELHI: At least 90% of the vehicles running on Indian roads do not come with six airbags and this key safety feature is just limited to high-end vehicles. While exact numbers were unavailable, auto industry and government sources…

NEW DELHI: Activity in the country’s crucial services sector remained robust in August on the back of new business while employment witnessed the sharpest rise in 14 years, a survey showed on Monday. Rising from July's four-month low of…

NEW DELHI: India produced 58.33 million tonnes of coal in August, missing its target of 67.94 MT for the month, according to the government data. The coal production target for August was 67.94 million tonnes (MT), according to the…

NEW DELHI: Union minister Nitin Gadkari on Monday attributed some of the road accidents to faulty project reports and stressed that companies need proper training for preparing detailed project reports for construction of highways and…

NEW DELHI: Singapore-based Sembcorp is selling its Indian arm, Sembcorp Energy India Ltd (SEIL), to Oman’s Tanweer InfrastructurePte Ltd for Rs 11,734 crore, or roughly $1.4 billion, as part of a plan to reduce carbon footprint, the…

MUMBAI: The banking system is healthy enough to withstand any negative spillovers from external headwinds emanating from the Jackson Hole speech by the US Fed, Reserve Bank governor Shaktikanta Dassaid on Monday. Addressing the annual…

NEW DELHI: Singaporean utility firm Sembcorp Industries on Monday announced the sale of its entire stake in its India unit to an Omanese consortium for Rs 11,734 crore as part of its decarbonisation drive. The firm will sell 100 per cent…