Business

Kant said that India should prioritise its national interests and not compromise on its energy security, especially considering that India's oil imports from Russia are significantly lower than those of China or Turkey. The US has imposed a 50% tariff on Indian goods, citing India's continued purchase of Russian oil.

In her address to the nation on the eve of 79th Independence Day, President Murmu said that the country's 6.5 per cent GDP growth rate, controlled inflation rate, and rising exports, are all key indicators point that the Indian economy is in the pink of health.

Indian Oil Corporation (IndianOil) has clocked its highest ever quarterly sales volumes, according to a recent press release. The energy giant reported total sales of 26.328 million metric tonnes (MMT) in the first quarter of financial year 2025-26, surpassing the 25.252 MMT achieved in Q1 of 2024-25.

Foreign capital inflows into India are likely to accelerate following S&P's recent credit rating upgrade, which is also expected to lower borrowing costs for the country, said Sonal Badhan, Economist at Bank of Baroda (BoB).

India has received its first sovereign credit rating upgrade in 18 years, with S&P Global Ratings raising the country's long-term rating to 'BBB' from 'BBB-' and the short-term rating to 'A-2' from 'A-3', while keeping the outlook stable. The announcement, shared in a tweet by the Indian Ministry of Finance, marks a major milestone in the country's economic journey.

In a landmark moment redefining Mumbai's urban landscape, TCC Construction Pvt Ltd, a joint venture between Capacit'e Infraprojects and Tata Projects, the executing construction partners, has handed over the first phase of newly redeveloped homes under the BDD Chawl Redevelopment Project in Worli.