Since most of the stocks are lying almost in open without proper protection from rain, onions have started rotting. According to a back-of-the-envelope calculation, the loss could be about Rs 500 crore.

Small and medium enterprises (SMEs) have put 900 finished and semi-finished products on the watch list for monitoring demand trend after goods and services tax (GST) kicked in this month.

Reaching out to parties across the political divide, NDA vice presidential candidate M Venkaiah Naidu today said he no longer belonged to the BJP and would strengthen democratic institutions if elected.

Textiles Minister Smriti Irani was today given the additional charge of the Information and Broadcasting Ministry after M Venkaiah Naidu resigned from the Cabinet to contest the vice-presidential poll.

The steel ministry has expressed concerns that cost of steel manufacturing will increase as electricity, being one of the major inputs, has been kept out of the Goods and Service Tax.

Encouraging startups, he said those who fail should be able to exit quickly as India has brought in a bankruptcy law.

Bharti Airtel and Idea Cellular today sought doubling of interconnection usage charge (IUC), a key input for mobile rates, saying that incoming calls to their networks cost 30 paise per minute to complete.

As India expects another year of bumper crops on the back of a normal monsoon, it is likely to add to the misery of the farmers while consumers may be happy to get their food items at cheaper prices.