The government would spend a whopping Rs 5 lakh crore over the next two years in infrastructure projects to spur the economy and create thousands of jobs, Union Surface Transport Minister Nitin Gadkari said on Tuesday. ....

In a big boost for Indian investigating agencies, a special PMLA court has proclaimed absconding diamantaire Nirav Modi, one of the prime accused in the Rs 13,500 crore Punjab National Bank scam of 2017, as a 'fugitive economic offender' here on Thursday. ....

With the second quarter GDP slipping to a six-year low of 4.5 per cent and expected to remain muted, the Reserve Bank of India (RBI) on Thursday cut GDP growth forecast for the current fiscal to 5 per cent. ....

The honeymoon for telecom subscribers seems to have come to an end as all the three private telecom players -- Vodafone Idea, Bharti Airtel and Jio -- on Sunday announced pre-paid tariff plans with 40-50 per cent higher rates. ....

Pushing the pedal on its disinvestment programme, the Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved strategic disinvestment in five large public sector undertakings (PSU) -- BPCL, CONCOR, SCI, THDC and NEEPCO -- along with change in management control in these companies. ....

Global rating agency Moody's Investors Service on Friday cut India's outlook from 'stable' to 'negative' reflecting increasing risks to the country's economic growth and the government's failure in addressing long-standing economic and institutional weaknesses. ....

With supplies running short and onion prices at Rs 80 a kg, the Consumer Affairs Ministry said on Tuesday that the government will act as a facilitator for onion imports to ease the process and ensure a quick and healthy supply from other countries. ....

Tightening its noose in bank fraud cases worth Rs 7,000 crore, the Central Bureau of Investigation (CBI) on Tuesday carried out searches at over 169 locations across the country. ....

Tightening its noose in the multi-crore real estate deals involving fugitive underworld don Dawood Ibrahim Kaskar's close aide late Iqbal Mirchi and his family, the Enforcement Directorate (ED) on Saturday carried out searches at over 14 places, including offices of Dewan Housing Finance Corp Ltd (DHFL) and Sunblink Real Estate Private Ltd and residences of their promoters. ....

A customer with around Rs 90 lakh in the crisis-hit Punjab & Maharashtra Cooperative Bank Ltd has died. Sanjay Gulati had already lost his job earlier this year following the collapse of the Jet Airways, and now restrictions on his hard-earned savings may have taken away his life. ....