Economy
Economy
In a major shift, India’s services exports overtook goods shipments in November 2024. Services exports have been estimated at $35.7 billion, compared with $32.1 billion in goods exports. Software services accounted for 47% of the total exports with nearly 70% headed towards the US. IT and IT-enabled
by PublisherThe aggregate market capitalisation of the Adani Group's stocks dropped 6.2%, or ₹87,805 crore ($10.6 billion), to ₹13.31 lakh crore ($160 billion) in 2024. The biggest decline was observed in Adani Green Energy, a stock which was in the news when a US court
by Daanish NarayanAccording to Business Standard, the Finance Ministry is set to delay the introduction of the new Income-Tax Bill, with the internal review committee under Chief Income-Tax Commissioner VK Gupta expected to submit its report before the FY26 Budget, after which the Bill will undergo drafting and scrutiny. Finance Minister Nirmala
by Daanish NarayanIndia's retail inflation moderated to 5.48% in November, down from October's 6%. Food inflation, which comprises around half of the Consumer Price Index (CPI) basket, eased to 9.04% from 10.87% in October. Rural inflation rose to 9.10%, while urban inflation increased to
by Amal AnzariForeign direct equity investment in India saw a 45% rise to $29.8 billion in the first half 2025, according to the Department for Promotion of Industry and Internal Trade (DPIIT) data. This increase follows three years of declining inflows. Gross foreign direct investment, which includes equity capital of unincorporated
by Amal AnzariIndia’s media and entertainment (M&E) sector is on track for a compound annual growth rate (CAGR) of 8.3%, reaching ₹3,65,000 crore ($44.2 billion) by 2028, up from ₹2,45,000 crore ($29.5 billion) in 2023, according to PwC’s latest report, India’
by Amal AnzariThe Indian pharmaceutical market (IPM) grew by 9.9% in value and 3.1% by volume in November, according to data from market research firm Pharmarack. After a weak performance over the past four months, the sector showed recovery, driven by demand across acute and chronic therapy areas, such as
by Amal AnzariPrime Minister Narendra Modi inaugurated the Rising Rajasthan Global Investment Summit 2024 and the Rajasthan Global Business Expo in Jaipur. He highlighted India's progress as the world’s fifth largest economy, with exports and Foreign Direct Investment (FDI) doubling in the last decade. PM Modi stressed the importance
by Amal AnzariIn a major shift, India’s services exports overtook goods shipments in November 2024. Services exports have been estimated at $35.7 billion, compared with $32.1 billion in goods exports. Software services accounted for 47% of the total exports with nearly 70% headed towards the US. IT and IT-enabled
by PublisherIn a major shift, India’s services exports overtook goods shipments in November 2024. Services exports have been estimated at $35.7 billion, compared with $32.1 billion in goods exports. Software services accounted for 47% of the total exports with nearly 70% headed towards the US. IT and IT-enabled
by PublisherThe aggregate market capitalisation of the Adani Group's stocks dropped 6.2%, or ₹87,805 crore ($10.6 billion), to ₹13.31 lakh crore ($160 billion) in 2024. The biggest decline was observed in Adani Green Energy, a stock which was in the news when a US court
by Daanish NarayanAccording to Business Standard, the Finance Ministry is set to delay the introduction of the new Income-Tax Bill, with the internal review committee under Chief Income-Tax Commissioner VK Gupta expected to submit its report before the FY26 Budget, after which the Bill will undergo drafting and scrutiny. Finance Minister Nirmala
by Daanish NarayanIndia's retail inflation moderated to 5.48% in November, down from October's 6%. Food inflation, which comprises around half of the Consumer Price Index (CPI) basket, eased to 9.04% from 10.87% in October. Rural inflation rose to 9.10%, while urban inflation increased to
by Amal AnzariForeign direct equity investment in India saw a 45% rise to $29.8 billion in the first half 2025, according to the Department for Promotion of Industry and Internal Trade (DPIIT) data. This increase follows three years of declining inflows. Gross foreign direct investment, which includes equity capital of unincorporated
by Amal AnzariIndia’s media and entertainment (M&E) sector is on track for a compound annual growth rate (CAGR) of 8.3%, reaching ₹3,65,000 crore ($44.2 billion) by 2028, up from ₹2,45,000 crore ($29.5 billion) in 2023, according to PwC’s latest report, India’
by Amal AnzariThe Indian pharmaceutical market (IPM) grew by 9.9% in value and 3.1% by volume in November, according to data from market research firm Pharmarack. After a weak performance over the past four months, the sector showed recovery, driven by demand across acute and chronic therapy areas, such as
by Amal AnzariPrime Minister Narendra Modi inaugurated the Rising Rajasthan Global Investment Summit 2024 and the Rajasthan Global Business Expo in Jaipur. He highlighted India's progress as the world’s fifth largest economy, with exports and Foreign Direct Investment (FDI) doubling in the last decade. PM Modi stressed the importance
by Amal AnzariBengaluru-based startup Pixxel announced the launch of three of the world's highest-resolution commercial hyperspectral satellites from the Vandenberg Space Force Base in California on Wednesday. The Firefly constellation satellites were integrated via Exolaunch and launched aboard the Transporter-12 rideshare mission with SpaceX. The launch took place around 1
by PTIA Republican lawmaker has asked the US Department of Justice to preserve all records in connection with the "selective prosecution" of billionaire industrialist Gautam Adani and his group of companies by the Biden administration. The demand comes less than a week before the Donald Trump administration takes office.
by PTIThe Union Home Ministry has granted sanction to the Enforcement Directorate to prosecute former Delhi chief minister and AAP national convenor Arvind Kejriwal in the excise policy linked money laundering case, officials said. The federal agency has filed a chargesheet against the 56-year-old politician before a special Prevention of Money
by PTIPrime Minister Narendra Modi on Wednesday lauded the Indian Army for its determination, professionalism and dedication, and underlined his government's commitment to the welfare of armed forces and their families. In posts on X on Army Day, he said, "Today, on Army Day, we salute the unwavering
by PTIOdisha Chief Minister Mohan Charan Majhi on Tuesday said he is hopeful that the MoU for establishment of a "mega" steel plant in mineral-rich Keonjhar district would be signed during a business conclave in the state on January 28-29. Majhi said he is focusing on signing of the
by PTIPresident of Singapore Tharman Shanmugaratnam arrived here on Tuesday night on a five-day visit that aims to further boost bilateral ties in a range of areas. Shanmugaratnam, accompanied by a high-level delegation, was received at the airport by Union Minister Jitin Prasada. It is his first visit to India as
by PTIExternal Affairs Minister S Jaishankar on Tuesday called on Spanish President Pedro Sanchez and reiterated the "long-standing" India-Spain partnership, updating him on the progress in bilateral cooperation. Separately, he also called on the King of Spain Felipe VI. Jaishankar arrived in Spain on Monday for a two-day official
by PTIA thick layer of very dense fog covered New Delhi on Wednesday morning. The national capital's air quality fell into the "very poor" range. The Central Pollution Control Board reports that at 7 a.m. today, the AQI was measured at 344 in Delhi. It was
by PublisherBengaluru-based startup Pixxel announced the launch of three of the world's highest-resolution commercial hyperspectral satellites from the Vandenberg Space Force Base in California on Wednesday. The Firefly constellation satellites were integrated via Exolaunch and launched aboard the Transporter-12 rideshare mission with SpaceX. The launch took place around 1
A Republican lawmaker has asked the US Department of Justice to preserve all records in connection with the "selective prosecution" of billionaire industrialist Gautam Adani and his group of companies by the Biden administration. The demand comes less than a week before the Donald Trump administration takes office.
The Union Home Ministry has granted sanction to the Enforcement Directorate to prosecute former Delhi chief minister and AAP national convenor Arvind Kejriwal in the excise policy linked money laundering case, officials said. The federal agency has filed a chargesheet against the 56-year-old politician before a special Prevention of Money
Prime Minister Narendra Modi on Wednesday lauded the Indian Army for its determination, professionalism and dedication, and underlined his government's commitment to the welfare of armed forces and their families. In posts on X on Army Day, he said, "Today, on Army Day, we salute the unwavering
Odisha Chief Minister Mohan Charan Majhi on Tuesday said he is hopeful that the MoU for establishment of a "mega" steel plant in mineral-rich Keonjhar district would be signed during a business conclave in the state on January 28-29. Majhi said he is focusing on signing of the
President of Singapore Tharman Shanmugaratnam arrived here on Tuesday night on a five-day visit that aims to further boost bilateral ties in a range of areas. Shanmugaratnam, accompanied by a high-level delegation, was received at the airport by Union Minister Jitin Prasada. It is his first visit to India as
External Affairs Minister S Jaishankar on Tuesday called on Spanish President Pedro Sanchez and reiterated the "long-standing" India-Spain partnership, updating him on the progress in bilateral cooperation. Separately, he also called on the King of Spain Felipe VI. Jaishankar arrived in Spain on Monday for a two-day official
A thick layer of very dense fog covered New Delhi on Wednesday morning. The national capital's air quality fell into the "very poor" range. The Central Pollution Control Board reports that at 7 a.m. today, the AQI was measured at 344 in Delhi. It was