Safeguard duty to provide Rs 1,000-1,300 per tonne relief to primary steelmakers: Report

New Delhi (IANS) The government’s decision to impose 12 per cent safeguard duty on select categories of flat steel imports for 200 days could provide respite to the domestic primary steelmakers grappling under the pressure of low-cost imports, a Crisil…

Sensex jumps 855 points, Nifty ends above 24,100; banks, IT lead rally

Mumbai (IANS) The Indian stock market continued its strong rally for the fifth day in a row on Monday, as investors showed heavy buying interest in banking, IT, and auto stocks. 

The Sensex jumped 855.30 points, or 1.09 per cent, to close at…

India to achieve steel production capacity of 300 million tonnes by 2030

New Delhi (IANS) India is on a trajectory to achieve steel production capacity of 300 million tonnes (MT) and a per capita consumption of 160 kg by 2030, according to the government. 

In FY25 (April to December period), the production of crude…

Private, Govt investment plans in January-March surged to record Rs 18.9 lakh crore

New Delhi (IANS) There has been a significant jump in the number of investment projects announced in the January-March quarter of FY25, at Rs 18.9 lakh crore, compared to Rs 19.4 lakh crore worth of projects announced in the first three quarters combined…

1st commercial sea shipment of unique Indian pomegranates reaches US: Centre

New Delhi (IANS) The Centre on Saturday informed that a landmark commercial sea shipment of the “prized Indian Bhagwa variety of pomegranate” has successfully arrived in the US, marking a key milestone for the country's fresh fruits exports.

CBIC issues revised instructions for processing GST registration applications

New Delhi (IANS) The Central Board of Indirect Taxes (CBIC) has issued revised instructions to the officers for processing GST registration applications, that will reduce compliance burden on taxpayers and facilitate rule-based transparency, it was…

US cites national security to justify steel tariffs to counter India at WTO

New Delhi (IANS) The US has informed the World Trade Organisation (WTO) that the Donald Trump administration’s decision to levy tariffs on steel and aluminium, was based on national security grounds and should not be considered as safeguard measures.

India’s forex rises for 6th straight week to touch $677.84 billion

Mumbai (IANS) India's foreign exchange reserves rose by $1.57 billion to $677.84 billion for the week ended April 11, according to the weekly data released by the RBI on Friday. This is the sixth straight week in which the country’s forex kitty…

India to grow by 6.5 pc in 2025 amid global slump: UN report

New Delhi (IANS) India is expected to remain the fastest growing major economy with a 6.5 per cent growth rate in 2025 while global growth is seen as marking a shift towards a recessionary path with the international trading system facing its most…

Infosys’ Q4 profit dips 11.7 pc to Rs 7,033 crore; announces Rs 22 final dividend

Mumbai (IANS) Infosys, one of India’s top IT companies, on Thursday reported a 11.7 per cent year-on-year (YoY) drop in its consolidated net profit for the fourth quarter of the financial year 2024-25 (Q4 FY25) to Rs 7,033 crore, compared to Rs 7,969…