Business

India's textile export to UK under FTA may offset US losses: Care

The loss incurred due to the imposition of reciprocal tariffs on Indian textile exports to the United States (US) may be offset by a surge in exports to the United Kingdom (UK), buoyed by the recently concluded India-UK Free Trade Agreement (FTA), said CareEdge Ratings in a report.

2025-08-31T10:16:00.631393+00:00 IST

BRICS CCI Healthcare Summit 2025 calls for collaborative global

The BRICS Chamber of Commerce and Industry (BRICS CCI) successfully hosted the BRICS CCI Healthcare Summit 2025, a landmark gathering convened under the leadership of Prann Sharma, President, BRICS CCI Healthcare Vertical and Executive Director-Strategy, BRICS CCI that underscored the growing global momentum towards blending traditional systems of medicine with modern healthcare practices.

2025-08-31T10:08:31.702714+00:00 IST

Department of Posts suspends booking of all mail to US

In view of the ongoing inability of carriers to transport US-bound mail and in the absence of defined regulatory mechanisms, Department of Posts has decided to completely suspend the booking of all categories of mail, including letters, documents, and gift items valued up to USD 100, destined for the US.

2025-08-31T09:54:42.480871+00:00 IST

Bank of Baroda reduces car loan interest rate ahead of festivals

According to Bank of Baroda, floating car loan interest rates now start from 8.15 per cent* per annum (earlier 8.40 per cent per annum), with immediate effect.

2025-08-31T09:51:32.420915+00:00 IST

GCCs, AI, fintech firms key to meet coworking players' revenue ta

Global Capability Centres, Artificial Intelligence and Fintech firms have emerged as the major drivers of achieving revenue targets of the coworking or flexible workspaces, said Ashish Agarwal, Founder and Chief Executive Officer (CEO) of Enzyme Offices.

2025-08-31T09:50:46.817064+00:00 IST

NeGD achieves panIndia integration of nearly 2000 e-govt services

The National e-Governance Division (NeGD), under the Ministry of Electronics and Information Technology (MeitY), has achieved another significant milestone by enabling the pan-India integration of e-Government services on the DigiLocker and e-District platforms. With this achievement, citizens across all 36 States and Union Territories can now seamlessly access close to 2,000 digital services anytime, anywhere.

2025-08-31T09:38:11.006310+00:00 IST

India's forex reserves dip $4.4 billion to $690.7 billion: RBI

India's foreign exchange reserves (Forex) declined by USD 4.8 billion in the week that ended August 22 to USD 690.720 billion, driven largely by slump in foreign currency assets, the Reserve Bank of India (RBI) said in its latest 'Weekly Statistical Supplement'.

2025-08-31T09:28:51.684003+00:00 IST

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Business

Passenger traffic at Indian airports to grow at 7% CAGR: CareEdge

Passenger traffic at Indian airports is projected to grow at a CAGR of 7 per cent over 2024-25-2026-27, normalising from the earlier pre-COVID estimates of 9 per cent, according to CareEdge Ratings.

2025-08-31T09:19:11.114268+00:00 IST

Business

Tech gaps in India’s semiconductor sector draw global players

The technological gaps in India's emerging semiconductor ecosystem are capturing the interest of global players from allied sectors, who view this as a strategic opportunity to support the country's goal of becoming a preferred destination for chip manufacturing.

2025-08-31T08:46:45.440213+00:00 IST

Business

TN CM Stalin arrives in Germany to secure industrial investments

Tamil Nadu Chief Minister MK Stalin has arrived in Germany to begin an eight-day visit, aimed at strengthening investment partnerships and engaging with the global Tamil diaspora.

2025-08-31T05:27:20.942077+00:00 IST

Business

'Affordable housing needs policy mix beyond floor space index'

Increasing Floor Space Index (FSI) alone won't solve India's housing shortage; a comprehensive policy mix involving land availability, planning regulations, and economic incentives is essential, said Kuldip Narayan, Joint Secretary, Ministry of Housing and Urban Affairs (MoHUA).

2025-08-31T05:12:50.227572+00:00 IST

Business

Shrimp exports to fall 15–18% this fiscal as US tariffs push duty

India's shrimp export volumes are expected to decline by 15-18 per cent in the current fiscal year following a sharp hike in US tariffs, which will take the total import duty to 58.26 per cent, effective August 27, according to a report by Crisil Ratings.

2025-08-31T04:21:26.126997+00:00 IST

Business

Centre to persuade states to lower land prices: Khattar

The Centre, in consultation with the states, will evolve a mechanism to ensure that land prices for affordable housing projects are kept relatively lower than those for other housing segments, particularly under the Prime Minister Awas Yojana (PMAY), said Manohar Lal, Minister of Housing & Urban Affairs.

2025-08-31T03:09:10.666165+00:00 IST

Business

WaveX and IICT launch Media Tech Incubator to boost startups

WaveX, the startup accelerator program of the Ministry of Information and Broadcasting, in collaboration with the Indian Institute of Creative Technologies (IICT), has announced the launch of a dedicated Media Tech Startup Incubator aimed at nurturing high-potential ventures in the rapidly evolving media and entertainment space.

2025-08-31T03:05:10.746825+00:00 IST

Business

India’s Oil & Gas PSUs' pioneering role in nurturing sporting

Hardeep Singh Puri, Minister of Petroleum and Natural Gas, stated today that India has intensified its policy focus and public investment in sports. "In this regard, India's oil and gas PSUs have played a pioneering role," the Minister emphasised.

2025-08-30T17:41:12.827321+00:00 IST

Business

GDP surge driving India’s growth story

India's strong services activity has helped GDP growth comfortably beat expectations for the second quarter in a row, rising to an impressive high of 7.8 per cent for April-June 2025.

2025-08-30T17:37:17.907371+00:00 IST

Business

Diamond sector banks on local market as US tariffs hit exports

Members of India's diamond industry have said that the US decision to impose 50 per cent tariffs on Indian goods poses a challenge, but expressed confidence in the sector's resilience and the strength of the domestic market.

2025-08-30T15:17:28.794833+00:00 IST

Business

SBI, AFD sign Euro 100 million LoC to boost green financing

According to a statement from the Indian lender, the funds mobilised through this partnership will be utilised in Climate Mitigation Actions aimed at reducing greenhouse gas emissions to slow down global warming and climate adaptation measures designed to adjust systems, practices, and infrastructure to minimize the damage caused by current or anticipated impacts of climate change.

2025-08-30T12:55:50.609156+00:00 IST

Business

'Silver linings in Indian economy can offset impact of US tariff'

He backed his argument by stating that the measures taken by the government, such as direct tax cuts, forthcoming GST tax structure reforms, and the employment-linked incentives, among others, are supportive of the overall economy.

2025-08-30T11:49:19.141280+00:00 IST

Business

Soon, India may see skyscrapers near airports: Aviation Minister

Addressing the second day of the NAREDCO 17th National Convention here in the national capital, the Minister indicated that a study is being undertaken to draw development cues from leading airports of the world, such as those in New York, London, and Hong Kong, so that multiple large-scale economic activities can be ensured around upcoming airports in the country.

2025-08-30T11:09:17.840303+00:00 IST

Business

Confident we will stick to fiscal deficit target: DEA Secy

Department of Economic Affairs (DEA) Secretary Anuradha Thakur on Saturday expressed confidence that India will meet its fiscal deficit target of 4.4 per cent for 2025-26, despite the first quarter showing a wider deficit than last year.

2025-08-30T10:51:32.464546+00:00 IST