Business

Stock market ends in red; Sensex settles over 1000 pts low

At the time of closing, Sensex settled 1068.74 points or 1.28 per cent lower at 82,225.92, while the broader Nifty was at 25,424.65, down 288.35 points or 1.12 per cent. The Nifty 50 index opened at 25,641.80, down by 71.20 points or 0.28 per cent, while the BSE Sensex opened at 83,052.54, declining by 242.12 points or 0.29 per cent.

2026-02-24T11:16:31.900968+00:00 IST

Cabinet approves expansion of Srinagar Airport

2026-02-24T10:40:56.655030+00:00 IST

Centre approves hike in jute MSP

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Tuesday approved Minimum Support Prices (MSP) of Raw Jute for Marketing season 2026-27.

2026-02-24T10:20:29.182890+00:00 IST

Cabinet approves multi-tracking railway projects

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Tuesday approved three railway projects with a total cost of about Rs 9,072 crore.

2026-02-24T10:18:03.250057+00:00 IST

Union Cabinet approves projects worth Rs 12,236 Crore

Additionally, the Cabinet took policy decisions on power sector reforms and approved the change of name from Kerala to Keralam. While announcing the Cabinet decision, Union Minister Ashwini Vaishnaw said, "Among the key approvals, the Cabinet cleared the doubling of the Gondia-Jabalpur rail line at an estimated cost of Rs 5,236 crore. It also sanctioned the 3rd and 4th rail line project between Punarkh and Kiul, involving an investment of Rs 2,668 crore."

2026-02-24T10:03:44.947889+00:00 IST

TransUnion CIBIL and SBI YONO app collaborate to integrate credit

TransUnion CIBIL and State Bank of India's YONO app have collaborated to integrate the CIBIL score and report into the bank's everyday digital banking platform, according to a TransUnion CIBIL release. The integration allows SBI YONO customers to access and monitor their credit information, including report analysis and score simulator features, directly through the application.

2026-02-24T09:55:35.965059+00:00 IST

Govt plans redevelopment of Hotel Ashok and Samrat

Under the proposed plan, Rs 820 crore has been earmarked for The Ashok Hotel and Rs 380 crore for Hotel Samrat. The redevelopment project for Hotel Ashok is larger and is expected to be awarded in the initial period of NMP 2.0. A similar project for Hotel Samrat is expected towards the end of the period. The award for The Ashok redevelopment is targeted for the Financial Year 2027, while Hotel Samrat for Financial Year 2030.

2026-02-24T08:52:00.401765+00:00 IST

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Business

India’s microfinance sector likely to see growth in FY26–28E

The microfinance sector in the country is expected to register growth over FY26-28E, driven by selective customer additions, higher ticket sizes, and incremental contribution from non-microfinance portfolios, according to a report by JM Financial.

2026-02-24T08:51:57.331555+00:00 IST

Business

HFCL joins IIT Delhi-led consortium to develop hollow-core fiber

HFCL Limited has joined a research consortium led by the Indian Institute of Technology, Delhi (IIT Delhi) to develop hollow-core fiber (HCF) technology. According to HFCL, the project is funded by the Department of Telecommunications (DoT) and focuses on advancing optical fiber solutions for next-generation communication networks, including 6G and quantum systems.

2026-02-24T08:13:26.350685+00:00 IST

Business

Bengaluru: High absorption in Rs 1.5-2.5 crore ticket-size homes

Within Bengaluru, North Bengaluru witnessed heightened demand, while South Bengaluru also showed healthy traction. However, the Sarjapur micro-market experienced comparatively slower absorption. New project launches in favourable pricing "sweet spots" received encouraging responses, the report noted.

2026-02-24T07:57:53.461373+00:00 IST

Business

ADB partners with Aavas Financiers to expand affordable housing

The Asian Development Bank (ADB) has signed a senior secured debt financing package of up to USD 108 million (in Indian rupee equivalent) with Aavas Financiers Limited to expand access to affordable housing loans for lower-income households and business loans for micro, small, and medium-sized enterprises (MSMEs) in underserved states across India.

2026-02-24T07:57:01.170147+00:00 IST

Business

Tamil Nadu cabinet approves Rs31,592 cr investments for 46 projec

Tamil Nadu state cabinet has approved incentives for 46 new and expansion investment projects across the state, entailing a total committed investment of Rs 31,592.39 crore and generating employment opportunities for 61,521 persons.

2026-02-24T07:50:27.382733+00:00 IST

Business

US SC tariff ruling positive for India, China, Brazil

The ruling of the US Supreme Court striking down tariffs imposed by US President Donald Trump under the International Emergency and Economic Powers Act (IEEPA) is likely to create winners and losers among global economies, with India, China, and Brazil emerging as beneficiaries, while the Euro-zone, UK, Japan, and Singapore may face negative implications, according to a report by ICICI Bank.

2026-02-24T07:37:47.125923+00:00 IST

Business

India’s E-commerce market projected to reach USD 300 billion by 2

India's e-commerce market is projected to surge from its current USD 120-140 billion to USD 280-300 billion by 2030. According to a report by Boston Consulting Group (BCG), "Shoppers today move seamlessly between screens and stores, researching online, purchasing offline, and vice versa, based on convenience, trust, and need."

2026-02-24T07:36:34.824410+00:00 IST

Business

India’s renewable energy sector well-positioned to refinance matu

India's renewable energy sector is facing low risk in refinancing its US dollar loans, even though many of these loans require full repayment at maturity, according to a report by Fitch Ratings.

2026-02-24T07:26:39.741000+00:00 IST

Business

India’s GDP growth likely at 8.1% in Q3 FY26 amid strong demand

India's economy is expected to maintain strong growth momentum, with GDP projected to expand by around 8.1 per cent in the third quarter of the current financial year (FY26), according to a report by the State Bank of India (SBI).

2026-02-24T07:10:54.654897+00:00 IST

Business

ICRA projects the net loss of the Indian aviation industry to red

The Indian aviation industry is projected to see its net losses decline by one-third in the 2026-27 fiscal year as domestic passenger traffic growth recovers to an estimated 6-8 per cent.

2026-02-24T06:47:52.072425+00:00 IST

Business

New Delhi declaration on AI Impact signatories reach 91 as three

The global consensus on artificial intelligence governance expanded as three additional nations joined the New Delhi Declaration on AI Impact, bringing the total number of signatories to 91 countries and international organisations.

2026-02-24T06:47:41.181554+00:00 IST

Business

NMP 2.0 to boost India’s GDP by Rs 40 lakh crore

The government's asset monetisation initiative under the National Monetisation Pipeline (NMP) 2.0, launched by finance minister Nirmala Sitharaman on Monday, is expected to increase India's GDP by approximately Rs 40 lakh crore over the next 5-10 years, noted a report by NITI Aayog.

2026-02-24T05:58:13.407068+00:00 IST

Business

India CV industry jumps 27% (YoY) in January; GST cut drives volu

The Indian commercial vehicle (CV) industry continued to report robust year-on-year (YoY) volume growth in January 2026, with domestic wholesale volumes rising 27 per cent to 99,544 units.

2026-02-24T05:32:47.834031+00:00 IST

Business

Adani Power subsidiary receives LoA to supply 558 MW power

Adani Power on Tuesday said its subsidiary Moxie Power Generation Ltd. (MPGL) has received a Letter of Award (LoA) from Tamil Nadu Power Distribution Corporation Ltd. (TNPDCL) for the supply of 558 MW of power for a period of five years, according to an official statement by the company.

2026-02-24T04:31:18.059868+00:00 IST