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Indian markets end lower amid profit booking, FII selling
Business

Indian markets end lower amid profit booking, FII selling

Mumbai, Dec 2: The domestic equity indices ended lower on Tuesday amid profit booking, FII outflow and concerns ahead of the RBI's key policy meet this week.Sensex settled at 85,138.27, down 503.63 points or 0.59 per cent. The 30-share index started the session lower at 85,325.51 against last...
IndiGo penalised ₹117.52 crore following input tax credit dispute
Business

IndiGo penalised ₹117.52 crore following input tax credit dispute

New Delhi, Dec 2: InterGlobe Aviation, parent of IndiGo airlines, on Tuesday informed that it received a penalty order of around Rs 117.52 crore from the Joint Commissioner of Central Tax and Central Excise, CGST Kochi Commissionerate.The order which issued a penalty of Rs 1,17,52,86,402...
Air India flew unairworthy A320, calls incident ‘regrettable’ amid DGCA probe
Business

Air India flew unairworthy A320, calls incident ‘regrettable’ amid DGCA probe

New Delhi, Dec 2: After the Directorate General of Civil Aviation (DGCA) initiated an investigation into an Air India aircraft that was not airworthy but still flew at least eight times before it was grounded, the airline on Tuesday said the incident was “regrettable” and it has initiated a...
Simplified coal exploration approvals mark major reform: Centre
Business

Simplified coal exploration approvals mark major reform: Centre

New Delhi, Dec 1: The government has reviewed the earlier methodology and simplified the mechanism for approval of exploration programmes and Geological Reports (GRs) for coal and lignite blocks, it was announced on Monday.This marks a major procedural reform and a significant step towards...
RBI likely to cut policy repo rate by 25 bp on Dec 5: HSBC
Business

RBI likely to cut policy repo rate by 25 bp on Dec 5: HSBC

New Delhi, Dec 1: Since inflation is set to remain well below target for the foreseeable future, HSBC Global Investment Research on Monday projected that the RBI will cut rates by 25 bp during its monetary policy committee (MPC) meeting on December 5 -- taking the policy repo rate to 5.25 per...
IRF offers partnership to MoRTH for improving national road safety audit system
Business

IRF offers partnership to MoRTH for improving national road safety audit system

New Delhi, Dec 1: Geneva-based the International Road Federation (IRF) has proposed a partnership with the Ministry of Road Transport and Highways (MoRTH) to advance the national framework for Road Safety Audit Certification in India, it was announced on Monday.The global road safety body...
UPI transactions surge 32% in November amid strong consumption trends
Business

UPI transactions surge 32% in November amid strong consumption trends

New Delhi, Dec 1: The unified payments interface (UPI) saw 32 per cent transaction count growth (year-on-year) at 20.47 billion in the month of November — along with registering 22 per cent annual growth in transaction amount at Rs 26.32 lakh crore, the National Payments Corporation of India...
India posts 8.2% Q2 GDP growth; leaders call it a global record
Business

India posts 8.2% Q2 GDP growth; leaders call it a global record

New Delhi, Nov 29: As India’s economic momentum strengthened further in the September quarter, with official data revealing that the real GDP grew 8.2 per cent in Q2 of FY 2025-26, political leaders on Saturday said the milestone reflects a remarkable achievement and positions India as a...
India’s coffee sector to grow 8.9% annually, hit $3.2 bn by 2028
Business

India’s coffee sector to grow 8.9% annually, hit $3.2 bn by 2028

New Delhi, Nov 29: India’s coffee industry is projected to expand at a compound annual growth rate of 8.9 per cent by 2028 and the out‑of‑home segment expected to grow at a CAGR of 15 to 20 per cent to reach $2.6 billion–$3.2 billion by 2028, an official statement said on Saturday.The Coffee...
DGCA issues safety directive for Airbus jets during major software update
Business

DGCA issues safety directive for Airbus jets during major software update

New Delhi, Nov 29: The Directorate General of Civil Aviation (DGCA) on Saturday released a mandatory safety directive for Airbus A318, A319, A320 and A321 aircraft, saying that no aircraft will continue in service without meeting the required safety standards.Airbus has said an analysis of a...
India hopeful of sealing first US trade pact tranche by year-end: Commerce Secretary
Business

India hopeful of sealing first US trade pact tranche by year-end: Commerce...

New Delhi, Nov 28: India is hopeful of clinching the first tranche of the bilateral trade agreement (BTA) with the United States by the end of this year as most issues have already been resolved, Commerce Secretary Rajesh Agrawal said on Friday.According to Agrawal, the country is "optimistic...
Goyal says India engaged with 50 nations on fair trade agreements
Business

Goyal says India engaged with 50 nations on fair trade agreements

New Delhi, Nov 28: Commerce and Industry Minister Piyush Goyal said on Friday that India is currently engaged in discussions on fair and balanced trade deals with 14 countries or groups representing nearly 50 nations, including the United States, the European Union, GCC countries, New Zealand,...
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