The government has told a parliamentary committee that domestic production of pulses and edible oils has risen at a greater pace in the last 10 years compared to the previous decade, even as several MPs voiced concern over the country’s continued dependence on imports to meet demand.In a presentation to the Standing Committee on Agriculture,…
Vishnusurya Projects and Infra Ltd has secured an order worth Rs 23.57 crore from Gorantla Geosynthetics Ltd for replacement and construction of a Benzol storage unit, Benzol Recovery Plant-2 and By-Product Plant at the Bokaro unit of Steel Authority of India Ltd (SAIL), the company said in a statement on Saturday.In a steel plant, Benzol…
Donald Trump revives threat to fire Fed Chair Jerome Powell (Picture credit: AP) US President Donald Trump on Friday again floated the possibility of firing Federal Reserve Chair Jerome Powell, reigniting a long-standing feud over interest rates he claims should be much lower. In a scathing post on Truth Social, Trump called Powell a “numbskull”…
This is an AI-generated image, used for representational purposes only. Public Sector Banks (PSBs) gained significant market share across lending segments and geographies in FY25 despite overall moderation in bank credit growth, a report by Union Bank of India has revealed. The shift was especially evident in working capital and demand loans, traditionally used by…
Representative image (Picture credit: ANI) India’s net direct tax collections for the ongoing financial year 2025-26 declined by 1.39 per cent to Rs 4.59 lakh crore as of June 19, mainly due to a sharp surge in refund issuances, according to government data released on Saturday. In the same period last year, net direct tax…
Finance ministry reported a significant 45% increase in foreign asset and income disclosures (ANI) New Delhi: The finance ministry on Friday said there was a substantial increase in reporting of foreign assets and income, with 2.3 lakh taxpayers disclosing it in their returns in 2023-24, a jump of 45% over the previous year.Amid media reports…
This is an AI-generated image, used for representational purposes only. BENGALURU: Campus Fund, a venture capital firm focused on student and dropout-led startups, announced a $100 million third fund, its largest to date. The fund completed its first close with more than 50% of the capital already committed and began deploying capital with two investments…
Sensex soars 1,046 points on foreign buying (Picture credit: ANI) MUMBAI: Strong foreign fund buying supported by speculators’ short covering late in the session on Friday led to a four-figure points jump in the Sensex. After opening marginally higher, the benchmark picked up gains through the session to close 1,046 points or 1.3 per cent…
Mumbai : Markets regulator Sebi has proposed a five-point plan for adoption and use of artificial intelligence-machine learning (AI/ML)based technologies in the Indian securities market. Those are model governance, investor protection disclosure, testing framework, fairness & bias, and data privacy & cyber security measures.The regulator has come out with a consultation paper titled ‘Guidelines for…
The rupee appreciated by 14 paise to close at 86.59 against the US dollar on Friday, helped by a fall in global crude oil prices, a weaker dollar overseas, strong domestic equities and sustained foreign fund inflows.At the interbank foreign exchange market, the rupee opened at 86.65 and moved in a narrow range of 86.55…
