New Delhi,  With the re-imposition of lockdown restrictions in many parts of the country, the pan India electricity demand is likely to decline by 5 per cent to 6 per cent in FY2021 over FY2020, rating agency ICRA said in its latest report on power sector.

ICRA in April had estimated 1 per cent de-growth

New Delhi, India proposes to build a portion of its strategic oil reserve in the US to take advantage of current low prices and quickly scale up its storage.

The move will allow the country to quickly enhance the strategic oil reserve to meet 100 days of oil requirements from present capacity that can just meet ni

New Delhi, The central government has taken a serious note of a surge in the illegal transfer of raw incense sticks from Vietnam to India under the garb of import of joss powder, which attracts zero per cent duty and is a raw material used in making 'agarbatti' or incense sticks, ever since the import of such incense sti

Mumbai, The Indian equity indices surged on Monday with the Nifty50 on the National Stock Exchange reclaiming the 11,000-mark.

The BSE Sensex settled nearly 400 points higher. Healthy buying was witnessed in finance, banking and consumer durables stocks.

The indices were supported by an inflow of fo

New Delhi, The Retailers Association of India (RAI) has said that ad hoc lockdowns by state governments are impacting the businesses of already-stressed retailers, along with hurting the economic revival of the country.

In a statement, the body of the organised retail industry said that the long road to recovery f

New Delhi, Raising concern over the proposed decriminalisation of bouncing of cheques, the Confederation of All India Traders (CAIT) has advised Finance Minister Nirmala Sitharaman against it.

In a letter to the Finance Minister, the CAIT urged the government not to decriminalise Section 138 of the Negotiable Inst

New Delhi, The Covid-19-induced economic turbulence has led airline major IndiGo to decide to lay off 10 per cent of its workforce.

According to Ronojoy Dutta, CEO, IndiGo, the company, after carefully assessing and reviewing all possible scenarios, will require to bid "a painful adieu" to 10 per cent of