The government has restricted imports of tyres used for cars, buses, lorries and motorcycles, including radial and tubeless, in a move aimed at curbing imports and boosting domestic companies. ....

In a big reform initiative aimed at attracting global investment in the mining sector, the government proposes to start auction of coal mines for commercial extraction by private sector from June 18. ....

Petrol and diesel prices continued to rise through the week with the two petroleum products getting dearer by 59 and 58 paise per litre on Saturday. ....

The staggered relaxations during the two-month-long nationwide lockdown did not have much of an impact on retail business and their businesses witnessed a severe contraction during the period, according to a survey by the Retailers Association of India (RAI). ....

The Supreme Court on Friday asked Solicitor General Tushar Mehta to convene a meeting of the Finance Ministry and RBI officials over the weekend to decide whether interest incurred on EMIs during the moratorium period can be charged by banks. ....

The BSE Sensex plunged over 1,100 points during initial trade on Friday tracking a similar trend in the global markets. ....

The CBI on Thursday carried out searches at multiple locations in Odisha, Andhra Pradesh, West Bengal and Jammu and Kashmir after registering a case for defrauding Punjab National Bank (PNB) to the tune of Rs 31 crore, officials said. ....

Lufthansa on Thursday said that it plans to lay off a total of 22,000 full-time employees. ....

The Indian stock market declined on Thursday morning tracking a fall in the Asian markets, after the US Federal Reserve projected that its benchmark interest rates will remain near zero throughout 2020, citing the severe impact of the pandemic. ....

In an attempt to assist state governments to effectively address situation arising out of Covid-19, the Central Government on Wednesday released the third instalment of states' share of revenue deficit grant amounting to over Rs 6,000 crore. ....