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However, the sale of rice under the OMSS will be continued for northeastern states, hilly states and states facing law and order situations, natural calamities at an existing rate of Rs 3,400 per quintal, it said.

Japanese automotive giant Toyota is planning an EV (electric vehicle) powered by a solid-state battery that would have a range of nearly 1,200 km (750 miles) and a charge time of only 10 minutes.

According to data released by the Ministry of Statistics and Programme Implementation, retail inflation was at a high of 7.04 per cent in May 2022, while food inflation was 7.97 per cent during the period.

Not belying the expectations, the Reserve Bank of India's Monetary Policy Committee (MPC) did not change the repo rate from 6.50 per cent while projecting gross domestic product (GDP) and inflation at 6.5 per cent and 5.1 per cent respectively.

Patil said this after the representatives of the company led by George Chu met him as part of a courtesy visit in which Information Technology and Biotechnology Minister Priyank Kharge was also present.

India's gross domestic product (GDP) growth for FY23 is estimated at 7.2 per cent, said the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation on Wednesday.

Around 2,000 Amazon employees were set to participate in a walk-out in front of Amazon's Spheres building in the heart of its headquarters in Seattle protesting against layoffs and return-to-work mandate.

"Equity benchmark indices extended their winning streak for the fourth consecutive day on Tuesday, bolstered by a steady influx of foreign funds," said Ameya Ranadive, Equity Research Analyst, Choice Broking.

"Inflation risks have moderated with downward corrections in global commodity and food prices and easing of the pass-through from high input cost pressures of last year," it added while commenting on price rise.

Chipmaker's MediaTek and Nvidia has teamed up to bring drivers and passengers new experiences inside the car as they will be working on transforming automobiles with artificial intelligence (AI) and accelerated computing.

ONGC has targetted a lower capital expenditure of Rs 30,125 crore in the current fiscal as against the corresponding year, the company's chairman Arun Kumar Singh told reporters in a virtual press conference.

After a year of industry and global uncertainties, Lenovo sais it is witnessing positive signs of the market stabilising and expects the entire PC and smart devices market to resume year-to-year growth in the second half of 2023.

The lessors' contention was that the lease agreement with Go Airlines had ended before the NCLT admitted Go Airlines insolvency petition and hence, the airlines has no right over the leased planes.

The decision of the Reserve Bank of India (RBI) to withdraw Rs 2,000 denomination banknotes from circulation will not have any major impact on gold demand and also on the rupee value, experts said on Saturday.

Factors like increase in counterfeiting of Rs 2,000 denomination banknotes, people preferring lower denomination notes may also be the reasons for the Reserve Bank of India (RBI) announcing the gradual withdrawal of that note.

The committee said Sebi has also found that some entities have taken short positions prior to the publication of the Hindenburg report and have profited from squaring off their positions after the price crashed upon publication of the report.

The Supreme Court on Wednesday asked the Securities and Exchange Board of India (SEBI) to submit an updated status report on August 14 on its probe into the Adani-Hindenburg controversy.

The European Union (EU) should crack down on India reselling Russian oil as refined fuels including diesel into Europe, the blocs chief diplomat has said, as western nations move to tighten sanctions on Moscows energy sector, the media reported.

Air India has decided to extend the deadline for pilots to accept the revised compensation structure, despite facing opposition from two unions, according to sources.

Consumer affairs ministry sources said that there is a lot of confusion over the fact that compulsory hallmarking is going to come into effect from July 1 onwards on gold bullion, which is not the case.

For the pilots of Go Airlines (India) Ltd, it seems their employer is a "no go airline" and the race is on as to who will board the Air India.
Incidentally, Go Airlines' brand is Go First and for the pilots it seems to "get away first".

India's foreign exchange reserves increased marginally by $4.53 billion to $588.78 billion during the week ending April 28, according to Reserve Bank of India data released on Friday.

He said that the US market faced losses as the Fed reiterated concerns over elevated inflation despite softening its language on future rate hikes. Signs of returning contagion fears in regional US banks also weighed on the global market mood.

The hiking of rates by the US Fed has put pressure on the dollar and indications of pausing and a likely mild recession in the later part of 2023 have provided support to gold prices, Shah added.

Terming the human resource (HR) policy of Air India Ltd as "draconian approach" and "driven by a lack of trust", two pilot bodies have appealed to the Tata Group Chairman N. Chandrasekaran to intervene and rectify the situation.