Reliance to halt Venezuelan oil imports as US tariff threat looms
Mar 26, 2025, at 09:13 pm
New Delhi: India’s Reliance Industries, which operates the world’s largest refining complex, will cease Venezuelan oil imports following the United States’ decision to impose a 25% tariff on countries purchasing crude from the South American nation, Reuters reported.
Modi govt taps household savings to tackle $346 billion debt load: Report
Mar 26, 2025, at 07:30 pm
New Delhi: Prime Minister Narendra Modi's administration is facing a record ₹29.7 trillion ($346 billion) in maturing sovereign bonds over the next five years, a legacy of pandemic-era borrowing and infrastructure spending. To manage this burden, the Reserve Bank of India (RBI) and the government are swapping maturing debt with longer-term securities, Bloomberg reported.
Tata Group seeks additional land for Dholera semiconductor project
Mar 26, 2025, at 05:58 pm
Tata Group is seeking an additional 80 acres for the expansion of its mega semiconductor chip plant in Gujarat’s Dholera, according to a Business Standard report.
Bandhan Bank inks MoU with Indian Air Force to offer Shaurya Salary Account
Mar 26, 2025, at 04:48 pm
Private lender Bandhan Bank on Wednesday announced that it has executed a Memorandum of Understanding (MoU) with the Indian Air Force (IAF) to provide Bandhan Bank Shaurya Salary Account, a Corporate Salary account specially designed for defence personnel.
Shiprocket launches 'Same Day Delivery' in Kolkata, empowering MSMEs with faster eCommerce logistics
Mar 25, 2025, at 11:25 pm
Kolkata: Shiprocket, India’s leading eCommerce enablement platform, has launched Same Day Delivery (SDD) in Kolkata, bringing enterprise-grade, fast deliveries to every seller of Bharat.
JSW Steel becomes world's most valuable steelmaker
Mar 25, 2025, at 10:35 pm
Mumbai: JSW Steel has now overtaken global steel giants ArcelorMittal and Nippon Steel to become the most valuable steel company in the world by market capitalisation, reaching ₹2.6 lakh crore, media reports said.
S&P cuts India’s FY26 GDP growth forecast to 6.5% amid rising US tariffs
Mar 25, 2025, at 10:04 pm
New Delhi: S&P Global Ratings has revised India's GDP growth projection for FY26 to 6.5%, down from its earlier estimate of 6.7%, as it expects Asia-Pacific economies to face pressure from rising US tariffs and a broader pushback against globalisation, according to a PTI report.
Tecno Mobile announces Bengali director-actor Shiboprosad Mukherjee as new brand ambassador
Mar 25, 2025, at 09:59 pm
Kolkata/IBNS: "Mobile and smartphone have made a new revolution," said director-actor Shiboprosad Mukherjee at the Tecno event where he was promulgated as the new brand ambassador of the company.
India’s electronics exports set to exceed ₹3 lakh cr in FY25, driven by smartphone boom
Mar 25, 2025, at 09:44 pm
New Delhi: India’s electronics exports are poised to surpass ₹3 lakh crore for the first time in FY25, with April-February figures indicating near-certain record achievement, Financial Express reported.
India scraps import duties on EV battery and mobile phone components amid tariff cuts
Mar 25, 2025, at 07:25 pm
New Delhi: The Indian government announced on Tuesday that it would remove import duties on various raw materials used in the production of electric vehicle (EV) batteries and mobile phones, media reports said.
Bank of India signs MOU with Indian Air Force for 'Rakshak Salary' package
Mar 25, 2025, at 06:07 pm
Bank of India, one of India’s leading public sector banks, announced the signing of a Memorandum of Understanding (MoU) with the Indian Air Force to extend the BOI Rakshak Salary Package to Air Force Personnel, Veterans and Agniveers (recruited under the Agnipath Scheme).
India approves seven PM MITRA textile parks to boost manufacturing and jobs
Mar 25, 2025, at 05:54 pm
New Delhi: The Indian government has approved seven Mega Integrated Textile Region and Apparel (PM MITRA) parks, aiming to bolster the country’s textile sector, India Today reported.
Samsung Electronics co-CEO Han Jong-hee dies at 63
Mar 25, 2025, at 05:42 pm
Seoul: Samsung Electronics has confirmed the passing of its co-CEO Han Jong-hee at the age of 63, according to media reports.
Women form 64.4% of India's agri workforce yet 6%-10% work in top agri companies: Report
Mar 23, 2025, at 08:58 pm
Kolkata: Women constitute 64.4 percent of India’s agricultural workforce, yet only 6 percent to 10 percent are employed in top agri and agri-related companies, according to a study by Godrej Agrovet in collaboration with the Indian Institute of Management Ahmedabad (IIMA) and Godrej DEI Lab.
OpenAI, Meta Platforms in talks with Reliance Industries for AI expansion
Mar 23, 2025, at 08:37 pm
OpenAI and Meta Platforms have held separate discussions with India's Reliance Industries about potential partnerships to expand their artificial intelligence (AI) presence in the country, technology news website The Information reported on Saturday.
India slaps anti-dumping duties on 3 Chinese products
Mar 23, 2025, at 08:16 pm
New Delhi: India has imposed anti-dumping duties on five Chinese products this month, including vacuum flasks and aluminium foil, to protect domestic industries from cheap imports, media reports said.
Tamil Nadu among top beneficiaries of Centre’s PLI scheme: Sitharaman
Mar 23, 2025, at 04:49 pm
Chennai: Tamil Nadu is a key recipient under the Production-Linked Incentive (PLI) scheme, securing a chunk of projects in the electronics and automobile sectors, said Union Finance Minister Nirmala Sitharaman, according to a PTI report.
India will become the consumption capital of the world, claims new report
Mar 22, 2025, at 05:01 pm
A new report has revealed India is going to become the consumption capital of the world, media reports said.
India’s forex reserves rise by $305 million; rupee hits strongest weekly gain in two years
Mar 22, 2025, at 12:17 am
New Delhi: India’s foreign exchange reserves increased by $305 million to $654.27 billion in the week ended March 14, reaching a more than three-month high, according to Reserve Bank of India (RBI) data released on Friday.
Reliance Industries acquires Nauyaan Tradings, plans ₹382.73 cr investment in shipyard
Mar 21, 2025, at 10:46 pm
Mumbai: Mukesh Ambani-led Reliance Industries Limited (RIL) has announced a new acquisition and investment through its wholly owned subsidiary, Reliance Strategic Business Ventures Limited (RSBVL).
Tata Group becomes key Tesla supplier amid EV expansion plans
Mar 21, 2025, at 05:53 pm
Mumbai: The Tata Group has quietly emerged as a global supplier to Elon Musk's Tesla, the world’s most valuable electric vehicle (EV) company, according to a report by The Economic Times (ET).
India set to surpass 1 billion tonnes in coal production for FY25
Mar 20, 2025, at 10:52 pm
New Delhi: India is on course to exceed 1 billion tonnes of coal production in the ongoing financial year 2024-25, CNBC-TV18 reported, citing government sources.
DAC clears ₹54,000 cr defence acquisitions; CCS approves ₹7,000 crore ATAGS deal
Mar 20, 2025, at 10:08 pm
New Delhi: In a significant boost to the operational readiness of India’s defence forces, the Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, on Thursday approved Acceptance of Necessity (AoNs) for eight capital acquisition proposals worth over ₹54,000 crore, Buisiness Standard reported.
Fitch maintains India’s FY26 GDP forecast at 6.5%, raises FY27 projection to 6.3%
Mar 20, 2025, at 12:57 am
New Delhi: Fitch Ratings has kept India’s GDP growth forecast for FY26 unchanged at 6.5% while revising its FY27 projection slightly upward to 6.3% from 6.2% in its December update.
Cabinet approves ₹1,500 cr incentive scheme to promote low-value UPI transactions
Mar 20, 2025, at 12:06 am
New Delhi: The Union Cabinet on Wednesday approved an incentive scheme worth approximately ₹1,500 crore to encourage UPI transactions below ₹2,000 during the financial year 2024-25, according to an official statement.
Cabinet approves revised Rashtriya Gokul Mission with ₹1,000 cr boost to strengthen livestock sector
Mar 19, 2025, at 11:15 pm
New Delhi: The Union Cabinet on Wednesday approved the Revised Rashtriya Gokul Mission (RGM) to drive growth in the livestock sector with an additional allocation of ₹1,000 crore, increasing the total outlay to ₹3,400 crore.
Union Cabinet approves ₹10,601 cr ammonia-urea complex at Assam’s Namrup to boost fertiliser prodn
Mar 19, 2025, at 09:24 pm
New Delhi: The Union Cabinet on Wednesday approved the establishment of a new brownfield ammonia-urea complex at Brahmaputra Valley Fertilizer Corporation Limited (BVFCL) in Namrup in Assam, media reports said.
Indian govt approves ₹4,500 cr high-speed highway to boost JNPA port connectivity
Mar 19, 2025, at 08:54 pm
New Delhi: The Union Cabinet on Wednesday approved the construction of a six-lane access-controlled greenfield high-speed National Highway, spanning 29.219 km, to connect JNPA Port (Pagote) with Chowk in Maharashtra.
Govt rules out AGR waiver for Vodafone Idea, Bharti Airtel; SC rejects review pleas
Mar 19, 2025, at 07:18 pm
New Delhi: In a major disappointment for Vodafone Idea and Bharti Airtel an Adjusted Gross Revenue (AGR) waiver is no longer under consideration, CNBC-TV18 reported citing government sources.
After Trump, India plans sweeping steel tariffs amid global protectionist wave: Report
Mar 19, 2025, at 04:50 pm
New Delhi: India is preparing to impose broad trade tariffs on steel, aligning with a global trend of protectionism, according to a Bloomberg report.