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Indian state oil companies inked multibillion-dollar energy deals with Russia's Rosneft to buy into its most promising Siberia assets, stepping up a drive to cut India's dependence on imports. The Indian PSUs will now have almost 50% stake in Vankor oil field and buy about 30% of Taas-Yuriakh field.

US seed company Monsanto is welcome to leave India if it does not want to lower prices of genetically modified cotton seeds as directed by the government, minister of state for agriculture Sanjeev Kumar Balyan said on Wednesday, in a sign the rift between New Delhi and the company is ...

Seeking to promote helicopter tourism, Indian Railway Catering and Tourism Corporation and Pawan Hans have joined hands under an agreement that would allow flyers to book tickets through IRCTC website.

US consumer health group Procter & Gamble's Indian arm plans to challenge a government ban on its cough-and-cold medicine Vicks Action 500 Extra, citing potential health risks. The drug is a combination of paracetamol, phenylephrine and caffeine, which was banned by the health ministry recently.

State-run Indian Oil Corporation on Wednesday announced a big hike in transport fuel rates, increasing petrol by Rs 3.07 a litre and diesel by Rs 1.90 - both in Delhi, with a corresponding increase in other states.

The chief of the Directorate General of Safeguards, a division of the finance ministry, has recommended maintaining import duties on some steel products until March 2018, a government document showed on Wednesday, in a move to support the local steel industry and protect mills from cheaper imports.

The US dollar ended cheaper against the rupee at 67.22/23 per dollar and the pound sterling also finished lower at Rs 94.73/75 per pound at the close of the Interbank Foreign Exchange market on Wednesday.

Fag-end buying saved the day for the domestic market as BSE Sensex reversed all of its early losses to settle 131 points higher at 24,682.48, tracking a strong opening in Europe as investors awaited the US Federal Reserve's policy meet outcome.

At Patanjali Ayurved's manufacturing facility in Haridwar, there is brisk activity as cartons of freshly made products are being loaded onto trucks to be dispatched to stores across India.

Indian passengers boarding international flights on the domestic leg are not required to file customs baggage declaration form, the government has ruled. This means if a passenger is travelling by a Delhi-Chennai-Colombo flight from Delhi for going to Chennai, he won't have to file the form.