Smartphones became India’s top exported individual commodity in FY 2025-26. In 2020 when the Production Linked Incentive (PLI) Scheme was launched as a cornerstone of the ‘Atmanirbhar Bharat’ push, little did anyone know that smartphones would emerge as the poster boy of its success. Mobile phones assembly and manufacturing is arguably the biggest success story…
US labor dept lowers employment growth by 79,000 for March 2026 US employment growth in the year to March 2026 was weaker than initially estimated, with the US bureau of labour Statistics (BLS) putting the preliminary downward adjustment to total nonfarm employment at 79,000, or 0.1 per cent.The private sector recorded a larger preliminary revision,…
GST Council meeting on September 12 The GST Council is set to meet in New Delhi on September 12, with simplification of GST registration for businesses passing on tax credit of more than Rs 2.5 lakh a month among other issues in focus.The 57th meeting of the council, chaired by Union finance minister Nirmala Sitharaman…
Industrial production grows 6.7% in July, driven by manufacturing and electricity, cooling from June’s 8.8%. NEW DELHI: Industrial production grew 6.7% in July as compared to 5.4% expansion a year ago as the manufacturing and electricity sector saw robust growth, the index of industrial production (IIP) data released Friday showed.Sequentially, the industrial production cooled from…
Resorts outperform city hotels as India’s hospitality sector navigates travel disruptions (representative image) India’s hotel industry is expected to see stronger growth in the second half of FY27, supported by robust domestic leisure demand and a steady recovery in corporate and international travel, according to a PhillipCapital sector report.The hospitality sector remained resilient in the…
India Inc sales growth accelerates to 19.4 per cent in Q1 FY27, manufacturing leads recovery: RBI MUMBAI: The country’s foreign exchange reserves rose by $12.4 billion in the week ended Aug 21, to an all-time high of $729.3 billion, driven largely by non-resident deposits drawn through a special scheme under which RBI took over the…
A man navigates through a mud-covered street next to damaged houses following the flash floods and mudslide in Nepal Nepal may need between $4 billion and $5 billion to rebuild after this week’s devastating floods, finance minister Swarnim Wagle told Reuters on Saturday, as authorities continued to assess the scale of loss and damage.“The initial…
Sensex, Nifty rebound on IT stock rally; Sensex climbs 331 points to 77,265, Nifty gains 85 points to 24,176. MUMBAI: Benchmark equity indices sensex and Nifty rebounded on Friday after two days of losses and ended higher, tracking buying in blue-chip IT stocks and a rally in global markets. The 30-share BSE sensex climbed 331…
Tata Group in talks with Shapoorji Pallonji for potential share swap or buyout of its 18.4% stake in Tata Sons. The Tata Group is in talks with its biggest minority shareholder on proposals to unlock liquidity, including a potential swap of shares of its listed entities, as the Shapoorji Pallonji Group seeks funds to repay…
US Fed chairman Kevin Warsh Federal Reserve Chair Kevin Warsh has indicated that the US central bank may need to raise interest rates in the coming months if inflation does not make enough progress towards its 2% target.Speaking at the Fed’s annual conference in Jackson Hole, Wyoming, on Friday, Warsh acknowledged that recent US data…
