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Business
Industry Advocates for Revisions to Companies Bill
NEW DELHI: The Indian corporate sector is advocating for amendments to the Companies Act as the government considers further decriminalization. Industry representatives have submitted proposals to a select committee reviewing…
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Business
Increased Brand Variety in Stores, Yet Price Reductions May Fall Behind
MUMBAI: The India-UK Comprehensive Economic and Trade Agreement (CETA) is set to enhance retail options for local consumers as new British brands prepare to enter the Indian market. Initial discussions…
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Business
Government Plans to Request Parliamentary Approval for Increased Spending
NEW DELHI: Finance Minister Nirmala Sitharaman is considering seeking Parliamentary approval for additional spending due to rising fertiliser subsidies and other expenditures related to West Asia. This marks a shift…
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Business
Private Bank Leaders Cautious on NRI Deposit Growth; Key Lenders Highlight Influencing Factors on Inflows
MUMBAI: Leaders of major private banks are expressing caution regarding the Reserve Bank of India’s (RBI) Foreign Currency Non-Resident (Bank) [FCNR(B)] deposit window. They cite tax regulations, global liquidity conditions,…
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Business
Understanding the Significance of India’s First Hydrogen Train
Prime Minister Narendra Modi inaugurated India’s first hydrogen-powered train on Friday, marking a significant advancement in the country’s green transportation efforts. This train, which features 10 coaches and can accommodate…
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Business
Niti Aayog Unveils Strategic Roadmap to Transform Agriculture
Niti Aayog has proposed a comprehensive overhaul of India’s biotechnology strategy, advocating for the replacement of fragmented programs with six mission-driven national initiatives. This recommendation is part of its newly…
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Business
India’s Currency Set for a Plastic Transformation
India is set to explore the introduction of polymer banknotes, with the Reserve Bank of India’s currency printing subsidiary, Bharatiya Reserve Bank Note Mudran (BRBNMPL), inviting bids from global and…
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Business
Pakistan Implements Daily Fuel Price Revisions as Current Account Faces $139 Million Deficit in FY26
Pakistan will revise petroleum prices daily in response to rising global oil prices amid escalating tensions in the Middle East, particularly between the US and Iran. The decision was announced…
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Business
Can AI Transform Customer Care as Consumers Demand Immediate Support?
There has been a significant transformation in customer service, with AI-powered chatbots and voice assistants increasingly handling routine inquiries. This shift allows businesses to provide quicker responses and 24/7 support…
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Business
LPG Subsidy Expenditure Surges Past Budget Projections, Could Reach Rs 1 Lakh Crore This Fiscal Year
The Indian government’s expenditure on LPG subsidies is projected to exceed Rs 1 lakh crore in FY27, significantly surpassing the Rs 30,000 crore allocated in the Union Budget. A report…
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Business
Strait of Hormuz Closure: Understanding the Stability of Crude Oil Prices Amid US-Iran Tensions
The ongoing conflict in the Middle East and the closure of the Strait of Hormuz have triggered a significant oil supply shock, with global oil supply plummeting by 13.6 million…
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Business
India’s Current Account Deficit Expected to Expand to 1.5% of GDP by FY27 Amid Rising Oil Prices
NEW DELHI: India’s current account deficit (CAD) is projected to rise sharply to 1.5% of GDP in FY27, up from 0.6% in FY26. This increase is attributed to higher crude…
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Business
PM Modi Launches India’s First Hydrogen-Powered Train: Route, Timings, and Operational Insights
India’s first hydrogen-powered train was inaugurated by Prime Minister Narendra Modi on Friday at the Jind railway station in Haryana. This launch positions India among a select group of countries…
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Business
Crude Oil Set for Significant Weekly Increase as Middle East Crisis Escalates
Escalating military tensions between the United States and Iran have pushed oil prices higher, with crude benchmarks poised for their largest weekly gains in three months. As of 7 am…
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Business
Wipro’s Q1 Revenue Declines 1.4% to $2.6 Billion, Lagging Behind Competitors
Bengaluru: Wipro has reported a cautious outlook for near-term demand following a modest performance in the June quarter. The company noted that clients are prioritizing investments in artificial intelligence while…
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