Business

LPG losses of oil companies narrows 35% QoQ in Q1FY26: Report

The LPG under-recovery for Oil Marketing Companies (OMCs) witnessed a sharp decline in the first quarter of FY26, narrowing by nearly 35 per cent quarter-on-quarter, according to a report by Care Edge Ratings.

2025-08-26T03:20:24.580631+00:00 IST

U.S. issues draft notice to implement 50% tariffs on India

The U.S. Customs and Border Protection (CBP) has issued a draft notice on the implementation of additional duties on products imported from India, following the announcement by U.S. President Donald Trump to increase tariffs on Indian goods to 50 per cent.

2025-08-26T02:25:16.689499+00:00 IST

'Banking sector must grow 3-3.5 percentage points faster than nominal GDP to achieve Viksit Bharat'

For India to meet its 'Viksit Bharat' targets, banking assets need to grow at 3.0-3.5 percentage points faster than its nominal GDP, according to a report by Boston Consulting Group (BCG) in association with FICCI and Indian Banks' Association.

2025-08-25T16:44:49.637163+00:00 IST

Politics of economic self-interest in the world: PM Modi

Noting that the countries were busy doing politics based on their economic self-interests, Prime Minister Narendra Modi on Monday asserted that his government will not let any harm come to the small entrepreneurs, farmers, and animal keepers and "whatever the pressure, we will keep increasing our power to withstand".

2025-08-25T16:26:32.316581+00:00 IST

India aims to double number of airports to 350 by 2047

Union Civil Aviation Minister Ram Mohan Naidu Kinjarapu on Monday said the central government aims to build 350 airports across the country by the year 2047, as part of its long-term vision for a 'Viksit Bharat'.

2025-08-25T15:42:40.357767+00:00 IST

ONGC begins gas monetisation from Chinnewala Tibba field

Oil and Natural Gas Corporation Limited (ONGC) has officially commenced sales of natural gas from its Chinnewala Tibba field, a Discovered Small Field (DSF-II) block located in the Rajasthan Kutch Onland Exploratory Asset (RKOEA).

2025-08-25T14:49:39.466340+00:00 IST

Cantor sees 30% rise in Ambuja Cements shares over next 12 months

It pegged a target price of Rs 745, implying nearly 30 per cent upside from current levels over the next 12 months.

2025-08-25T13:36:00.770409+00:00 IST

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Business

GeM crosses Rs. 15 lakh crore milestone in public procurement

Government e Marketplace (GeM) has crossed a historic milestone of Rs. 15 lakh crore in cumulative Gross Merchandise Value (GMV) since its launch in 2016, marking a major leap in India's public procurement landscape. The information was shared through a press release issued by the Ministry of Commerce & Industry.

2025-08-25T12:42:38.336980+00:00 IST

Business

70-80% of India’s mobile data consumed indoors: TRAI chief

Nearly 70 to 80 per cent of India's mobile data traffic is consumed indoors, yet significant coverage gaps remain in many premises, Telecom Regulatory Authority of India (TRAI) Chairperson Anil Kumar Lahoti said on Monday.

2025-08-25T12:41:23.534201+00:00 IST

Business

RBI Governor urges banks, corporates to spark investment cycle

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday underscored that financial stability and price stability are vital for sustaining economic growth, as he urged banks and corporates to join hands in driving fresh investments and reigniting the nation's entrepreneurial spirit.

2025-08-25T11:04:42.047380+00:00 IST

Business

Indi Lime from Karnataka Reaches UAE in Historic First Export

Union Minister of Commerce & Industry Piyush Goyal has congratulated the Agricultural and Processed Food Products Export Development Authority (APEDA) for enabling the first-ever export of three metric tons (MT) of GI-tagged Swadeshi Indi Lime from Vijayapura, Karnataka to the United Arab Emirates.

2025-08-25T10:59:14.393361+00:00 IST

Business

Indian indices upbeat over global cues, jump in IT stocks

Indian stock markets kicked off the week on a positive note, lifted by favourable global cues and strong buying in IT majors.

2025-08-25T10:57:56.705616+00:00 IST

Business

Revenue of large, diversified EPC companies to grow 9-11%: Crisil

Large, diversified engineering, procurement and construction (EPC) companies are expected to see their revenues grow by 9-11 per cent this fiscal, according to a recent Crisil Ratings report. Infrastructure alone accounts for nearly three-fourths of India's total capital expenditure, underlining the critical role of these companies. In addition, some have expanded overseas to capture opportunities in diverse infrastructure sectors.

2025-08-25T08:58:44.764090+00:00 IST

Business

Avinash Rao appointed as MD and CEO of Mahindra Susten

Mahindra Susten, the cleantech arm of the Mahindra Group and a leading independent power producer (IPP) in India, has announced the appointment of Avinash Rao as its new Managing Director and Chief Executive Officer.

2025-08-25T08:58:04.556794+00:00 IST

Business

Fitch affirms stable outlook on India, citing robust growth

Fitch Ratings on Monday affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a stable outlook.

2025-08-25T08:35:59.748564+00:00 IST

Business

Income Tax Act simplified language to reduce legal complexities

The new Income Tax Act has been formulated using simple language to eliminate complicated legal challenges and make tax provisions more accessible to common taxpayers, according to RN Parbat, Member (Legislation) at the Central Board of Direct Taxes (CBDT).

2025-08-25T08:15:45.773833+00:00 IST

Business

India’s CRDMO sector is a USD 3 billion revenue industry: Report

India's contract research, development, and manufacturing organisation (CRDMO) sector is emerging as one of the most dynamic growth stories in the global pharmaceutical landscape. According to a recent Jefferies India report, the country's CRDMO, which has already reached revenues of around USD 3 billion, has grown at a compound annual growth rate (CAGR) of 14 per cent over the past five years.

2025-08-25T08:02:25.845742+00:00 IST

Business

Achievements of Indian economy undoubtedly very creditable: RBI

The achievements of the Indian economy in recent years are very creditable and widely recognized, despite facing unprecedented challenges stated Reserve Bank of India Governor Sanjay Malhotra on Monday.

2025-08-25T07:42:14.500872+00:00 IST

Business

IMA supports government’s GST relief on essential medicines

The Indian Medical Association (IMA) has welcomed the Goods and Services Tax (GST) Council's decision to reduce GST on several cancer-related and other essential medicines, calling it an essential move to make healthcare more affordable for millions of patients across India. The association expressed its gratitude to the Council and the Government of India in a press release.

2025-08-25T06:39:07.507120+00:00 IST

Business

Indian stock market so far sees double-digit sequential growth

The Indian stock markets have registered double-digit sequential growth in new investor registrations during the current financial year so far, excluding April, according to a report released by the National Stock Exchange (NSE).

2025-08-25T06:35:03.765657+00:00 IST

Business

UP government bans the use of 11 pesticides damaging India’s rice

India's basmati rice exports have received a major push with the Uttar Pradesh government enforcing a fresh ban on the use of eleven pesticides that damage the crop's quality and block its entry into key foreign markets.

2025-08-25T06:00:09.822628+00:00 IST