Economy

Mumbai:  India’s energy efficiency improved by 1.9 per cent between 2000 and 2023, which is faster than the global average of 1.4 per cent, according to a study carried out by an RBI research team. The report also stated that India was far ahead of the other BRICS countries which averaged 1.62 per cent. However,

Mumbai: Amidst growing global economic uncertainty, the Indian economy continues to demonstrate resilience as is evident in the robust performance of the agriculture sector and improving consumption, according to the RBI’s latest monthly bulletin. The resilience of the global economy is being tested by escalating trade tensions and a heightened wave of uncertainty around the

Mumbai: The domestic benchmark indices opened higher on Thursday amid positive global cues, as buying was seen in the IT and media sectors in the early trade. At around 9.27 am, Sensex was trading 454.70 points or 0.60 per cent up at 75,903.75 while the Nifty added 133.40 points or 0.58 per cent at 23,041.

New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday, approved the proposal for setting up a new brownfield ammonia-urea complex in Assam with an annual capacity of producing 12.7 lakh metric tonnes (LMT) of urea with an estimated total project cost of Rs.10,601.40 crore The new project will come up on

New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the incentive scheme for low-value BHIM-UPI transactions with an estimated outlay of Rs 1,500 crore. The aim is to achieve the target of 20,000 crore total transaction volume in FY 2024-25, via the indigenous BHIM-UPI platform. The incentive scheme for promotion

Mumbai: The domestic benchmark indices opened flat on Wednesday amid mixed global cues, as buying was seen in the PSU bank and metal sectors in the early trade. At around 9.30 am, Sensex was trading 17.21 points or 0.02 per cent up at 75,318.47 while the Nifty added 4.65 points or 0.02 per cent at

Mumbai: In an effort to curb rising digital frauds, the National Payments Corporation of India (NPCI) is reportedly in early discussions with banks to eliminate ‘pull transactions’ on the Unified Payments Interface (UPI). Most frauds are happening through the pull method, and NPCI is exploring the possibility of removing this feature altogether to reduce fraudulent

New Delhi:  LG Electronics India Limited on Tuesday announced that it has received approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO) which is expected to be around Rs 15,000 crore. The company, a wholly-owned subsidiary of South Korean giant LG Electronics Inc., had filed its draft

New Delhi:  The Employees’ Provident Fund Organisation (EPFO) achieved a historic high of 2.16 crore auto claim settlements during the current financial year (up to March 6), up from 89.52 lakh in FY2023-24, the Parliament was informed on Monday. Over 99.31 per cent claims are now received in online mode, without any requirement to visit

Mumbai:  The Indian stock market closed with strong gains on Monday, driven by buying in financial, pharma and select metal stocks. Both the Sensex and Nifty saw a positive finish despite a mixed start to the day. The Sensex opened on a cautious note, briefly slipping to 73,796, down 33 points in early trade. However,