Indian equity markets opened the trading session on a weak note, with benchmark indices witnessing a sharp decline during early trade as investors reacted to selling pressure in heavyweight banking stocks and a fresh rise in global crude oil prices. The market mood remained cautious amid concerns that higher energy costs could increase inflationary pressures...
India’s ambitious Smart City Mission is entering a critical phase as the financial support provided under the central government’s flagship urban development programme is expected to be exhausted by September. The approaching end of funding has sparked concerns among city administrations over the long-term sustainability of smart infrastructure, technology-driven public services, and maintenance of completed...
Axis Bank has begun the new financial year on a strong note, reporting a significant increase in its first-quarter earnings. The private sector lender posted a 23% year-on-year rise in consolidated net profit, reaching ₹7,114 crore for the quarter ended June 30. The strong financial performance reflects healthy business expansion, steady credit growth, disciplined cost...
India is set to witness a landmark moment in its rapidly expanding space sector as private aerospace company Skyroot Aerospace prepares to launch Vikram-1, its first orbital launch vehicle. Ahead of the highly anticipated mission, Prime Minister Narendra Modi extended his best wishes to the company, describing the launch as another significant milestone in India’s...
Indian benchmark equity indices opened on a strong note in early trading on Friday, supported by sustained buying in information technology (IT) stocks and encouraging trends across global financial markets. The positive momentum helped the domestic market recover from recent volatility, with investors showing renewed confidence amid favorable international cues and selective sectoral buying. The...
Former Reserve Bank of India (RBI) Governor Raghuram Rajan has been selected to serve on an important advisory task force established by the United States Federal Reserve, marking another significant milestone in his distinguished career as one of the world’s leading economists. Along with Rajan, two other eminent Indian-origin economists have also been appointed to...
In a major push to strengthen India’s position as a global electronics manufacturing hub, the Union Cabinet has approved a comprehensive incentive package worth ₹62,500 crore aimed at expanding domestic mobile phone manufacturing and developing a stronger electronics supply chain. The decision marks another significant step in the government’s long-term strategy to increase local production,...
India and the United Kingdom have officially brought into effect their landmark trade agreement and the accompanying social security arrangement, marking a major milestone in the economic relationship between the two countries. Prime Minister Narendra Modi described the development as a “significant moment” that reflects the growing strategic and economic partnership between India and the...
The Reserve Bank of India (RBI) has taken a significant step toward strengthening its institutional governance by approving a comprehensive governance framework designed to enhance strategic planning, accountability, transparency, and risk oversight within the central bank. The decision was taken during a meeting of the RBI’s Central Board, reflecting the institution’s continued efforts to modernize...
The Central government has strongly dismissed allegations that rice worth ₹1,160 crore was diverted for ethanol production in Madhya Pradesh, describing the claims as inaccurate and misleading. Officials clarified that the country’s ethanol blending programme operates under a transparent and well-regulated framework, with strict monitoring mechanisms in place to ensure that food security is not...