Kolkata: The Enforcement Directorate on Tuesday searched 15 premises linked to former West Bengal minister Indranil Sen and others as part of a probe into alleged financial irregularities in holding Durga Puja preview shows and the sale of passes, officials said. The searches under the Prevention of Money Laundering Act (PMLA) began early in the…
Shrikant Rao With the commissioning of its landmark Rs 5,427-crore integrated iron ore project in Chhattisgarh on September 27, 2026, the state-owned National Mineral Development Corporation (NMDC), India’s premier public sector mining heavyweight, has unveiled a massive logistics and sustainability breakthrough that permanently alters the economics of India’s domestic steel sector. The infrastructure launch includes…
Washington: US President Donald Trump on Monday unveiled Essar Group’s plans to build a massive steel plant in Iowa, at an investment of USD 15 billion. Trump made the announcement in the Oval Office with Essar Group co-founder Ravi Ruia and his son Rewant by his side. “Today, we’re thrilled to announce that Mesabi Metallics…
Ahmedabad: E20 petrol can significantly reduce imports and substantially increase self-reliance, ONGC Director (exploration) Om Prakash Sinha said on Monday. Sinha was speaking at the curtain raiser for India Energy Week (IEW) 2027 organised at the ONGC Institute of Reservoir Studies in Ahmedabad. “E20 petrol is a challenge, but with technology there will also be…
On 24 September 2026, the Securities and Exchange Board of India (SEBI) approved a major overhaul of the portfolio management services (PMS) framework through the new SEBI (Portfolio Managers) Regulations, 2026, which replace the earlier 2020 regulations. One of the most significant innovations under this overhaul is the introduction of the Portfolio Managers Route for…
Mumbai: Tata Trusts, which own 66 per cent of Tata Sons, have proposed merging two operating companies with the Tata Group’s holding company in a restructuring that would allow it to shed its classification as a non-banking financial company and a core investment company, helping it retain its status as an unlisted private company. The…
New Delhi: Bank unions on Sunday deferred their three-day nationwide strike following assurance from the Indian Banks’ Association (IBA) on their demands, including a five-day work week. The strike call beginning Monday was given by the United Forum of Bank Unions (UFBU), which coincides with half-yearly closing. With the postponement of the strike, banks would…
Srujana Pydi For most magicians, the stage is a place of wonder, applause and entertainment. For Kala Ratna and Hamsa Awardee V. Madhava Rao, however, the stage has a far deeper purpose. For more than three decades, he has taken the art of magic beyond conventional entertainment, using it as a medium to educate, inform…
Bengaluru: Union Finance Minister Nirmala Sitharaman on Saturday expressed confidence that India could achieve economic growth of more than 10 per cent, stressing the need for greater adoption of technology and innovation across sectors. Speaking at a fireside chat organised by the IIT Madras Alumni Association here, she said higher economic growth would help accelerate…
New Delhi: The proposed Merchant Discount Rate (MDR) on select high-value UPI transactions is neither a tax, cess nor a surcharge, and the collections will not accrue to the government, Finance Minister Nirmala Sitharaman said, rejecting criticism from Opposition parties. The Finance Minister said the MDR is a charge within the digital payments ecosystem and…
