Business

IndianOil, Air India sign MoU to supply sustainable aviation fuel

Indian Oil Corporation Limited and Air India on Monday signed a Memorandum of Understanding (MoU) for the supply of Sustainable Aviation Fuel (SAF), marking a step toward reducing carbon emissions in India's aviation sector

2025-08-19T13:04:59.773324+00:00 IST

GAIL (India) Limited celebrates 41 years of pioneering India’s en

GAIL (India) Limited, proudly marks 41 years of outstanding contribution to India's energy sector. Since its inception, GAIL has been at the forefront of the nation's energy evolution, driving innovation, infrastructure development, and sustainability in the natural gas industry.

2025-08-19T12:53:38.736070+00:00 IST

IKEA to increase local sourcing from India to 50% by 2030

Jesper Brodin, CEO of Ingka Group, announced that IKEA, which is part of the Group, will significantly expand its presence in India, aiming to increase local sourcing from the current 30 per cent to 50 per cent by 2030 as part of its long-term strategy.

2025-08-19T12:38:32.978477+00:00 IST

India aims to capture nearly 10% of global green hydrogen demand

India is setting its sights on becoming a global hub for green hydrogen exports, with the government laying out an ambitious roadmap to capture a significant share of the emerging clean fuel market. At the FICCI Green Hydrogen Summit 2025 in New Delhi, Union Minister of State for Power and New & Renewable Energy Shripad Naik announced that India aims to secure nearly 10 per cent of the global demand, which is expected to exceed 100 million metric tonnes by 2030.

2025-08-19T11:28:10.437300+00:00 IST

Govt rolls out measures to boost exports, domestic manufacturing

The Government of India has unveiled a wide range of measures aimed at strengthening exports and expanding domestic manufacturing. According to a Ministry of Commerce & Industry press release, the initiatives include production-linked schemes, new trade agreements, modernized logistics, and grassroots-level export promotion programmes.

2025-08-19T11:23:34.830872+00:00 IST

Indian markets close higher on GST reform hopes

Indian stock markets ended on a positive note, extending their upward momentum as the market participants reacted positively to the upcoming GST reforms and developments in the Russia-Ukraine peace talks.

2025-08-19T11:01:28.741626+00:00 IST

Cabinet clears Rs 8,307 crore capital region ring road project in Odisha

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Tuesday approved the construction of a 6-lane Access-Controlled Capital Region Ring Road (Bhubaneswar Bypass - 110.875 km) in Odisha on Hybrid Annuity Mode (HAM) at a total capital cost of Rs 8307.74 crore.

2025-08-19T10:24:03.377868+00:00 IST

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Business

Cabinet approves Rs 1,507 crore greenfield airport project at Kot

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, today approved the proposal of the Airports Authority of India (AAI) for the development of the Green Field Airport at Kota-Bundi (Rajasthan) at an estimated cost of Rs 1507.00 Crore.

2025-08-19T10:04:29.887316+00:00 IST

Business

Monsoon surplus continues in India with record 101% of rainfall

India's cumulative rainfall remains in surplus this monsoon season, standing at 101 per cent of the long-period average (LPA), a notch higher than last week's 100 per cent, according to a report by ICICI Bank Global Markets.

2025-08-19T09:42:00.057596+00:00 IST

Business

Import duty reduction on cotton will boost India’s textile

The central govt step of reducing import duty on cotton will boost the textile industry of the country and will increase exports, stated Praveen Khandelwal, BJP MP and Secretary General of Confederation of All India Traders (CAIT).

2025-08-19T09:23:53.804261+00:00 IST

Business

State development loans face weak demand for 7th straight auction

State Development Loans (SDLs) continued to see subdued investor appetite for the seventh consecutive week, while central government securities (G-secs) witnessed better demand, especially for the newly introduced 30-year tenor, according to a report by ICICI Bank.

2025-08-19T08:45:37.862192+00:00 IST

Business

Opinion Trading Needs Clear Regulation to Unlock Potential

Legal expert Nikhil Menon, in a special interview with ANI, stressed the urgent need for regulatory clarity on opinion trading and prediction markets in India, calling them a powerful yet under-recognised financial innovation.

2025-08-19T08:34:44.123577+00:00 IST

Business

ONGC and Engineers India Ltd. ink pact for helium recovery plant

The ONGC Energy Centre Trust (OECT) and Engineers India Limited (EIL) have signed an agreement to set up a Helium Recovery Demonstration Plant at ONGC's Kuthalam Gas Collection Station in Tamil Nadu's Cauvery Asset. According to a press release by ONGC, the agreement was formalised on August 18, 2025, marking a significant step in India's efforts to build indigenous capacity in recovering high-purity Helium.

2025-08-19T08:19:21.688655+00:00 IST

Business

GST reforms to boost affordability and consumption across sectors

The proposed Goods and Services Tax (GST) reforms are set to significantly impact various sectors by reducing tax rates, enhancing affordability, and boosting consumption, said a report by Systematix Research.

2025-08-19T07:38:11.339330+00:00 IST

Business

Scindia lauds advanced postal technology rolled out by India Post

India Post has launched its nationwide rollout of Advanced Postal Technology (APT), marking a significant step in the country's digital transformation journey. The initiative, congratulated on social media by Union Minister for Communications and Development of North Eastern Region Jyotiraditya M. Scindia, is backed by an investment of Rs. 5,800 crore under the IT 2.0 program.

2025-08-19T07:33:36.987948+00:00 IST

Business

RBI announces re-Issue of govt securities worth Rs 36,000 crore

The Government of India has announced the re-issue of two government securities (G-Secs) with a total notified amount of Rs 36,000 crore through an auction to be conducted by the Reserve Bank of India (RBI) on August 22, 2025.

2025-08-19T07:05:36.420413+00:00 IST

Business

India's monthly consumption activity exhibited improvement

India's monthly consumption activity has shown signs of strength in recent weeks, even as investment signals remain uneven, according to a Goldman Sachs report tracking high-frequency economic data.

2025-08-19T06:50:50.330278+00:00 IST

Business

Manufacturing space leasing in India up 38% Y-o-Y to 9.0 million

The Industrial and Logistics (I&L) real estate sector in India has demonstrated exceptional momentum during the first half (H1) of 2025, with manufacturing space leasing hitting record levels, according to a statement by JLL, a global real estate services company.

2025-08-19T06:39:37.217983+00:00 IST

Business

Govt waives customs duty on cotton Imports till September 30

In a major relief to the textile and garment industry, the Central Government on Monday announced a complete waiver of customs duty and Agriculture Infrastructure and Development Cess (AIDC) on the import of raw cotton.

2025-08-19T06:32:07.574194+00:00 IST

Business

India’s GDP growth projected at 6.7% in Q1 FY2026 higher than RBI

India's GDP growth projection is at 6.7 per cent in the first quarter of the current financial year which is higher than the RBI estimates of 6.5 per cent, according to rating agency ICRA.

2025-08-19T06:31:49.688896+00:00 IST

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