Business

Had someone raised alarm earlier, the quantum of fraud could have been lower, sources said, adding that it is like alert citizen informing police about some nefarious activity to authorities for the further action.

Speaking alongside his Iranian counterpart Bijan Zanganeh at a conference in New Delhi, the oil minister added that Indian firms would raise their oil purchases from Iran in 2018-19.

Stressing that jobs just did not mean government ones, Giriraj Singh said that employment opportunities were also being created because of the Mudra (Micro Units Development and Refinance Agency) loan scheme that had made people self-employed.

"To make Indian railways safe, I am planning to build the most modern signalling system through the entire railways network in India which will mean over 1.18 lakh kms of railways on the line of European Train Control System (ETCS)," Piyush Goyal said.

The big healthcare initiative announced in the budget for 2018-19 seeks to cover 10 crore households requires many verticals -- infrastructure, human resources and pharma and medical device products, Union Chemicals and Fertilisers Minister Ananth Kumar t...

ADNOC had last year given up its crude storage lease in South Korea and instead agreed to store oil at Mangalore in a bid to establish a ground presence in world's third-largest oil consuming nation.

The legal claim relates to a leasing agreement between Kingfisher Airlines and aircraft leasing company BOC Aviation involving four planes, of which three were delivered.

Despite IndiGo reportedly facing 69 Neo engine (earlier ones) failures between March 2016 and September 2017 and GoAir too reporting a good number of in-flight disruptions on account of the engine woes, the DGCA did not take any tough stand.

Finance Minister Arun Jaitley, while replying to Budget Speech in the Rajya Sabha last week, had said the government will take into account the actual input cost plus unpaid value of family labour while fixing the support price of crops at 50 per cent hig...

Investors heavily bought into recently battered power, realty, capital goods and banking stocks amid continued buying by domestic funds and retail investors ahead of inflation data to be released after market hours on Moday.

Lagarde repeated an IMF forecast, originally issued last month, that the global economy would grow 3.9 percent this year and at the same pace in 2019, which she said was a good backdrop for needed reforms.

Presenting his last full budget before the general elections due in early 2019, Jaitley proposed to tax LTCG on equities exceeding Rs 1 lakh at 10 per cent, which is expected to bring in revenue of Rs 20,000 crore.

The 30-share index rose by 167.73 points, or 0.49 per cent, to 34,250.44 opening trade. All the sectoral indices led by realty, IT, healthcare and banking were trading in the green with gains of up to 1.86 per cent.

A poll showed 58 of 60 economists expect the repo rate to be kept at 6 percent, the lowest since November 2010, and the reverse repo rate at 5.75 percent. The other two predicted a 25 basis points hike.

The measure, introduced in the latest Financial Bill, is aimed to provide relief to small and salaried class of taxpayers and aims to ease out issues of small discrepancies that sometimes crop up between the information on Form-16 (provided by the employe...

The report said inflation in FY18 seems to be benign enough, averaging 3.7 per cent but in the next financial year it expects headline CPI to rise to 4.8 per cent - within the upper half of RBIs 4-6 per cent target range.