Business

Hyosung Heavy Industries secured a contract worth 120 billion won, or approximately USD 82 million, to supply ultra-high-voltage transformers to the United Kingdom. This deal with SP Energy Networks, a division of ScottishPower, aims to support a significant wind power project as Britain works toward its carbon-neutrality goals.

States will soon be able to estimate their economic growth more accurately using real-time tax filing data, a senior government official said Monday, as India prepares to unveil a revamped system for measuring national output.

Real GDP grew 8.2% in Q2 FY26, driven by balanced expansion in manufacturing and services, while inflation has fallen to a near-record low of 0.7%, giving policymakers room to prioritise growth without stoking price pressures.

The Centre for Joint Warfare Studies (CENJOWS), in collaboration with IP Bazzaar, hosted Tech Talk, a high-level, closed-door roundtable discussion on the theme "Minerals That Matter: Geopolitics, Sovereignty and Value Chains" last week here in the national capital.

Global central banks are gradually diversifying their foreign exchange reserves away from the US dollar and the euro, increasing exposure to other currencies and gold, highlighted a report by CareEdge Ratings.

India's retail real estate market is poised to close 2025 on a strong note, with leasing activity expected to reach nearly 9 million square feet (MSF), marking the highest annual absorption since the pandemic, according to a new report by real estate services firm Cushman & Wakefield.