Business
Mozambique LNG project has achieved 42% completion: BPCL
New Delhi: Bharat Petroleum Corporation Ltd (BPCL) on Thursday said the Mozambique LNG project has achieved 42% completion following resumption of work after force majeure condition was lifted in Nov 2025.Located in Offshore Area 1 Concession in Mozambique and operated by French energy giant TotalEnergies, an investment of around $20 billion is estimated for the…
Trai proposes stricter complaint rules for telcos; penalties may go up to Rs 50 lakh per quarter
Telecom regulator Trai on Thursday proposed a stronger consumer grievance redressal framework for telecom operators, including penalties of up to Rs 50 lakh per quarter for improper handling or disposal of customer complaints, PTI reported.The proposed Telecom Consumers Complaint Redressal (Fourth Amendment) Regulation, 2026 aims to make complaint registration and tracking more transparent and accessible…
India’s tops global remittance charts with $137 billion inflow from its 19 million strong diaspora
India’s diaspora is the largest at around 19 million, with significant numbers of international immigrants living in UAE, US and Saudi Arabia. With this backing, India continued its march as the top country receiving remittances, but 2024 was spectacular with inflows of $137 billion.The country also emerges as one of the biggest source countries for…
From UK, BIS vaults to Indian shores: Why RBI wants to keep more & more gold at home
Between October 2025 to March 2026, RBI has brought home 104.2 metric tonnes of gold. (AI image) Your grandparents and parents may have often told you to buy gold to tide over any financial crisis – but, guess what? Central banks around the world are doing exactly that! India ranks among the top 10 countries…
States’ GDP calculation revamped: Govt issues uniform GSDP norms with 2022-23 as new base year
The statistics ministry on Thursday issued uniform guidelines for calculating Gross State Domestic Product (GSDP) with 2022-23 as the revised base year, aiming to bring greater consistency and comparability in measuring economic performance across states and Union Territories, PTI reported.The Ministry of Statistics and Programme Implementation (MoSPI) said the move follows the revision of the…
US jobless claims rise to 200,000, layoffs remain near historic lows despite economic pressures
Applications for unemployment benefits in the United States rose last week but continued to remain at historically low levels despite inflationary pressures and broader economic headwinds, AP reported. The US Labor Department said on Thursday that initial jobless claims increased by 10,000 to 200,000 for the week ending May 2. The figure was lower than…
Stock market today (May 7, 2026): Which are the top gainers and losers in BSE Sensex and Nifty50 today? Check list
Benchmark equity indices ended marginally lower on Thursday after a highly volatile session, as continued foreign fund outflows and geopolitical uncertainties kept investors cautious, PTI reported.The 30-share BSE Sensex declined 114 points, or 0.15 per cent, to settle at 77,844.52. During the day, the benchmark swung 671.49 points between a high of 78,384.70 and a…
AI risk warning: Banks must prepare for cyber threats from advanced models like Mythos, says DFS Secretary Nagaraju
Financial Services Secretary M Nagaraju on Thursday warned banks and financial institutions to strengthen cyber security systems and operational resilience, cautioning that advanced artificial intelligence models such as Anthropic’s “Mythos” could pose serious risks to the banking sector if released publicly, PTI reported.Addressing the Indian Banks’ Association (IBA) conference on Risk Management in Mumbai, Nagaraju…
SBI employees’ strike on May 25-26: Why bank staff are protesting, key demands, and will banking services be affected?
SBI employees’ strike: Employees of State Bank of India (SBI), the country’s largest public sector lender, have announced a two-day nationwide strike on May 25 and 26, raising concerns over staffing shortages, outsourcing, pension-related issues and working conditions, according to an ET report.The strike has been called by the All India State Bank of India…
ECLGS 5.0 to benefit 1.1 crore MSME accounts with extra credit support, says SBI report
NEW DELHI: The newly approved Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 could benefit nearly 1.1 crore MSME accounts by providing additional credit support to businesses affected by the ongoing West Asia conflict, according to a report by the State Bank of India (SBI).The Union Cabinet on Tuesday approved ECLGS 5.0 to offer extra working…