Business

More than Rs 72,000 crore in unclaimed bank deposits, including amounts lying with foreign lenders, have been transferred to a fund maintained by the Reserve Bank of India (RBI), the government told Parliament on Tuesday. The money is held in the Depositor Education and Awareness (DEA) Fund and reflects balances that have remained untouched for…

File photo: Union finance minister Nirmala Sitharaman NEW DELHI: Tobacco Board, under the administrative control of the Department of Commerce, has written a letter to finance minister Nirmala Sitharaman highlighting the adverse impact of the unprecedented increase in excise duties on cigarettes on the industry, as well as on millions of farmers and workers.The excise…

HYDERABAD: Aarvee Engineering Consultants Limited has received the Securities and Exchange Board of India (Sebi)’s approval to proceed with its initial public offering (IPO) that comprises a fresh issue of equity shares aggregating up to Rs 202.5 crore and an offer for sale of up to 67.5 lakh equity shares by promoter Venkatachala Chakrapani Redla.The…

Genome Valley Excellence Award 2026 to be conferred upon Dr Bruce Levine at BioAsia HYDERABAD: The Genome Valley Excellence Award 2026 will be conferred upon Dr Bruce Levine of the University of Pennsylvania’s Perelman School of Medicine at BioAsia this year for his contributions to cell and gene therapy, engineered T cells, and cancer immunotherapy,…

IndiGo on Tuesday said it has an adequate pool of staff, including pilots, to ensure smooth and stable operations as the Directorate General of Civil Aviation’s (DGCA) temporary relaxations on pilot duty norms come to an end. The statement comes after the airline faced widespread flight disruptions in early December, which prompted regulatory action and…

Silver prices fell sharply by Rs 7,500, or nearly 3 per cent, to Rs 2.64 lakh per kilogram in the national capital on Tuesday, while gold moved in the opposite direction, rising Rs 2,200 per 10 grams amid a firm US dollar.According to the All India Sarafa Association, silver dropped to Rs 2,64,500 per kg…

India is in discussions with Brazil, Canada, France and the Netherlands to strike agreements for jointly exploring, extracting, processing and recycling critical minerals, as the country steps up efforts to secure key raw materials for its energy transition.The talks are focused mainly on lithium and rare earth elements, with India also seeking access to advanced…

The value of gold with Indian households has seen a big jump due to the rally in gold prices which has beaten all analyst expectations. (AI image) Did you know that the value of household gold with Indians is more than the size of India’s GDP? With gold prices skyrocketing in recent years, the value…

The Court eventually found that the Delhi High Court had erred on a legal ground in its attempt to describe the content of the web-series as obscene. (AI image) The Supreme Court, on 19.03.2024, in a landmark decision on digital free speech, the limits of criminal prosecution of online content, and the doctrine of obscenity,…

Indian exporters are hoping that the country’s goods and services outflows could touch $1 trillion in 2026-27, supported by the recently signed trade agreements with the United States and the European Union. The anticipated surge comes as the US has reduced tariffs on Indian products from 50% to 18%, opening the door for more orders…