Business

India revises CPI base to 2024; food share in household spending

India has revised the base year of the Consumer Price Index (CPI) to 2024 from 2012 to reflect changes in consumption patterns, improved data sources and updated methodologies, Secretary, Ministry of Statistics and Programme Implementation (MOSPI), Saurabh Garg, said today.

2026-02-12T13:52:10.052273+00:00 IST

“Centre's funds not free pool of cash…”: Sitharaman

Union Finance Minister Nirmala Sitharaman on Thursday defended the Union Budget 2026-27 in Rajya Sabha, emphasising that government funds are "hard-earned contributions of every Indian citizen", not a "free pool of cash."

2026-02-12T13:26:57.433688+00:00 IST

Customs duty cut to reduce cost of maintenance: Boeing

Boeing welcomed the government's decision to remove the 7.5%-15% basic customs duty on components and parts used in the manufacture of civilian aircraft, calling it a transformative step for the sector. This move is expected to reduce manufacturing costs by 5-7% and support local players such as Hindustan Aeronautics Ltd (HAL) and MRO providers.

2026-02-12T13:10:06.904720+00:00 IST

Risk-based interventions prevent Rs 1,400 Crore in telecom frauds

Union Minister of Communications and Development of the Northeastern Region, Jyotiraditya Scindia, informed the Parliament that risk-based interventions and the Digital Intelligence Platform (DIP) prevented potential financial frauds amounting to over Rs 1,400 crore.

2026-02-12T12:45:54.376501+00:00 IST

Lok Sabha passes Industrial Relations Code (Amendment) Bill

The amendment seeks to avoid any future unwarranted complications regarding the continuity of three laws that were replaced by the Industrial Relations Code of 2020. These are the Trade Unions Act, 1926; the Industrial Employment (Standing Orders) Act, 1946; and the Industrial Disputes Act, 1947, which relate to trade unions, industrial employment, and industrial disputes.

2026-02-12T12:28:00.491679+00:00 IST

Rolls-Royce looking to scale up India investment; Potential for 1

Rolls-Royce announced its intention to significantly scale up its business operations in India to support future programs across the defence, civil aviation, and energy sectors. The expansion aims to make India a strategic home market for the company, aligning with national goals for security, energy resilience, and infrastructure development. Success in these potential business opportunities could support approximately 10,000 jobs and lead to a tenfold increase in local supply chain sourcing from the country.

2026-02-12T11:28:42.481021+00:00 IST

CPI inflation for January recorded at 2.75% under new base year

Under the new arrangement, the base year has been revised from 2012 to 2024 using Household Consumption Expenditure Survey 2023-24. Further, now there are 12 Divisions in place of 6 Groups in accordance to Classification of Individual Consumption According to Purpose (COICOP) 2018. The year-on-year inflation rate based on All India Consumer Food Price Index (CFPI) for the month of January is recorded at 2.13% (Provisional).

2026-02-12T11:01:57.207430+00:00 IST

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Business

Heavy selling in IT weighs down Indian stock indices

Indian stock indices dipped Thursday, weighed down by a nosedive in IT counters, with analysts attributing it to mounting concerns over AI-led disruptions.

2026-02-12T10:36:06.615597+00:00 IST

Business

NBFC-MFIs commands 41.6% of microfinance loan

In contrast, banks saw their portfolio share decline from 32.7% in December 2024 to 26.6% in December 2025, it said. The report said that while banks posted 13.4% QoQ growth in originations value in Q3 FY26, their overall share in disbursements fell from 36.7% in Q3 FY25 to 26% in Q3 FY26. NBFC-MFIs led originations with a 45.1% share in Q3 FY26, reflecting sustained gains in market positioning.

2026-02-12T09:39:02.587888+00:00 IST

Business

'India will get zero duty access on textiles similar to B'desh'

Commerce Minister Piyush Goyal on Thursday addressed concerns that the Indian textiles industry would be hit by duty differentials vis-a-vis Bangladesh after the neighbouring country signed a deal with the US.

2026-02-12T09:23:12.397657+00:00 IST

Business

Manufacturing to drive USD 35 trillion economy

Recognising this importance, the Union Budget 2026-27 has reinforced support for manufacturing through targeted measures focusing on investment incentives, innovation, infrastructure development, and industrial ecosystem strengthening, it added. Building on the three defined Kartavyas , the manufacturing sector is poised to drive India's growth, employment generation, export competitiveness, and long-term economic transformation.

2026-02-12T09:12:25.644473+00:00 IST

Business

Benign commodity prices pull down January thali cost: Crisil

The cost of home-cooked vegetarian (veg) and non-vegetarian (nonveg) thalis declined 1 per cent and 7 per cent year-on-year, respectively, amid benign commodity prices in January, according to 'Roti Rice Rate' report of Crisil Intelligence.

2026-02-12T09:08:47.716501+00:00 IST

Business

Affordability, last-mile delivery cutting edge through FTAs

In a message to the startups, he said the world is your market, and the "world is your stage now." "I wish you the best for the wonderful work that you're doing. We'll be able to make affordability and last mile delivery India's cutting edge," he said. Praising the Indian startups, Goyal said, "Seeing our innovators work with a sense of patriotism gives us complete confidence that India is on the right path towards the goal of Viksit Bharat by 2047."

2026-02-12T09:08:21.220002+00:00 IST

Business

SEBI prioritises reducing regulatory costs to enhance market comp

The Securities and Exchange Board of India (SEBI) is prioritising the reduction of compliance burdens and regulatory costs to enhance the competitiveness of the Indian securities market. This focus on cost efficiency aims to improve access to finance across all productive sectors while maintaining the core objectives of market regulation.

2026-02-12T07:13:03.984200+00:00 IST

Business

Data-driven governance and research critical for resilient securi

When governed well and responsibly shared, data can support policy design, supervision, as well as risk assessment, said SEBI Chairman Tuhin Kanta Pandey. He stated that the objective of improving data accessibility is to boost high-quality research across the securities market ecosystem.

2026-02-12T06:15:37.331741+00:00 IST

Business

India’s agri export to US on set to Jump as 75% of export items

India's export to the United States on agricultural commodities is set to witness a significant jump as 75 per cent of such exports will now be at zero tariff, according to a report by SBI.

2026-02-12T04:50:38.604204+00:00 IST

Business

Nifty, Sensex open in Red, market to stay range-bound

Selling pressure returned to the Indian stock markets on Thursday as both benchmark indices opened in the red amid the absence of any fresh trigger, even as foreign investors continued to show positive interest in the markets.

2026-02-12T04:07:45.817021+00:00 IST

Business

Piyush Goyal holds talks with Export Promotion Councils

Union Minister for Commerce and Industry Piyush Goyal held discussions with representatives of various Export Promotion Councils (EPCs) and industry associations to deliberate on leveraging opportunities emerging from recently concluded trade deals.

2026-02-12T03:02:21.881705+00:00 IST

Business

India’s trade surplus with US may cross USD 90 billion

India's trade surplus with the United States may cross USD 90 billion annually, supported by a sharp rise in exports and higher import potential, according to a report by SBI.

2026-02-12T02:49:43.809405+00:00 IST

Business

Indian jewellery sector lauds India-US Interim Trade Agreement

Kirit Bhansali, Chairman of the Gem and Jewellery Export Promotion Council (GJEPC) India, said it is a joyous moment for the entire gems and jewellery sector.

2026-02-11T18:11:25.167981+00:00 IST

Business

New Sovereign AI hub to create 5,000 high-skilled jobs in Odisha

The project follows a strategic proposal from Sarvam AI, a leading Indian startup, which plans to invest approximately Rs 20,000 crore (USD 2.3 billion) to set up the hub. This facility will serve as a cornerstone for the state's digital transformation, transitioning Odisha from its traditional roots in mining and metals toward a technology-driven future.

2026-02-11T17:36:17.150312+00:00 IST