India's rice exports have risen 13 per cent in value terms during the first half of this fiscal year, and the outlook remains strong as the country has surplus stock to meet rising global demand, according to the industry body IREF.
In an interview with PTI, Indian Rice Exporters Federation (IREF) Vice President Dev Gard said the price of Indian rice is at least 10 per cent cheaper than competitors.
According to government data, India's rice exports grew 13 per cent to Rs 54,937.71 crore in the first six months of this fiscal year. India produced over 154 million tonnes of rice in the 2025-26 crop year ending in June.
"Indian rice prices are at an all-time low. Our export prices are almost 10 per cent cheaper than the second alternative available in the market, that is Thailand or Myanmar," Garg said.
The global demand is also expected to rise because of the likely fall in production amid El Nino threat, he added.
"India with the lowest prices and an increasing global demand is po

kalanamak rice

Indian Rice Exporters Federation (IREF) Vice President Dev Gard said the price of Indian rice is at least 10 per cent cheaper than competitors

Press Trust of India

Realty firm Godrej Properties' sales bookings is expected to rise 22 per cent this fiscal to a record Rs 41,500 crore, beating annual guidance on strong demand for its housing properties, according to its Chairperson Pirojsha Godrej.
In an interview with PTI, Pirojsha Godrej noted that consumer demand has been "quite strong" in the company's new as well as ongoing residential projects across all markets where it has a presence.
Even for the overall real estate market, he said the housing demand has "held up" and is "quite steady" despite the West Asia crisis causing global economic uncertainties.
Pirojsha said the company was on track to meet annual guidance or exceed it across all key metrics, including sales bookings, launches, collection of funds from customers, deliveries of projects and land acquisition.
"In the second half of the financial year, we expect anywhere between Rs 22,500 crore and 25,000 crore of sales. Even the bottom end of that gets us to past guidance, and the 

Godrej, Godrej properties

Chairperson Pirojsha Godrej expects sales bookings to rise 22% this fiscal, exceeding the ₹39,000 crore guidance, with major launches planned in Mumbai, Gurugram, Thane and Noida in the second half

The government needs to incentivse domestic production of solar equipment to avoid any supply crunch amid China's proposed curb on exports of key technologies of photovoltaic module manufacturing, a senior industry executive said.
China has proposed restricting exports of 12 key technologies that are used to make solar equipment, citing the need for close monitoring as these technologies are also used in aerospace, defence and other sensitive sectors.
According to Chetan Shah, Chairman and Managing Director of Solex Energy, China controls an estimated 75-90 per cent of the global solar supply chain.
If domestic cell capacity does not come up on time, the result could be a supply crunch for solar modules, project delays and pressure on tariffs, Shah told PTI.
He noted that as of June 2026, India had about 262 GW of module manufacturing capacity and only about 37 GW of cell capacity.
Speaking on the sidelines of the Renewable Energy India (REI) Expo 2026 in Greater Noida, Shah said 

solar panel

According to Chetan Shah, Chairman and Managing Director of Solex Energy, China controls an estimated 75-90 per cent of the global solar supply chain

That recovery clause, set out in newly issued operational guidelines, is the scheme's central bargain: the government carries early geological risk and keeps a claim on any upside

ONGC

Isro will expand launch infrastructure and partner with private firms to meet rising satellite demand, while developing a dedicated 2,000-acre SSLV complex in Kulasekarapattinam, Tamil Nadu

V Narayanan, ISRO Chairman

NMDC, which caters to India's one-fourth iron ore demand, has set a goal to earn at least 20 per cent of revenues from sale of minerals other than the key steel making raw material

NMDC

Industry body FICCI has called for greater Dutch investment in India's manufacturing and technology sectors, while pitching for joint ventures, technology partnerships and supplier-development programmes to deepen bilateral economic ties.
FICCI Secretary General Anant Swarup said the ongoing visit of Commerce and Industry Minister Piyush Goyal to the Netherlands could help translate investment discussions into specific projects by bringing together businesses and government agencies to address issues related to location, technology, infrastructure, suppliers and regulatory approvals.
He said that the chamber would like to see progress on four key areas and that includes manufacturing partnerships, technology collaborations, supply chain integration, and follow-up of projects.
It called for a pipeline of joint ventures and capacity-expansion proposals in engineering, equipment, food processing and other technology-intensive industries.
It also called for partnerships between ...

ficci logo

It called for a pipeline of joint ventures and capacity-expansion proposals in engineering, equipment, food processing and other technology-intensive industries

AEBS is a key feature of Advanced Driver Assistance Systems (ADAS), a collection of more than 100 electronic technologies designed to improve road safety

Traffic jam, Traffic, Delhi Gurugram Expressway

Business Standard

Ultraviolette Automotive plans to invest Rs 800 crore in a new Hosur facility, launch four products over the next year and expand exports to Europe, North America and Latin America.

Ultraviolette Automotive aims to generate 20-25% of its vehicle sales from exports over the next two to three years as it expands into global markets.

Automakers want brake and tyre emission norms linked to supplier readiness, final limits and testing methods

Automakers, carmakers, auto industry

FADA data shows overall vehicle sales rose 2% in the first nine days of Navratri, but passenger vehicle sales fell 14% as last year's GST-led demand surge created a high base

automobile industry, auto sales, Q2FY27 earnings, auto companies, commodity prices, profit growth, Maruti Suzuki, Mahindra and Mahindra, Tata Motors, TVS Motor, Bajaj Auto, Hero MotoCorp, Eicher Motors, Ashok Leyland, auto ancillaries

While overall asset quality across sectors has improved since pre-pandemic levels, bad-loan ratios for micro enterprises have stagnated

MSME exports

TNC Rajagopalan answers SME queries related to GST, export and import matters

import, export, tariff, trump tariffs

The newly approved fund will provide equity capital to growth-stage SMEs, with a focus on manufacturing firms and industrial clusters in Tier-II and Tier-III cities, to boost expansion and exports

investment, funds, funding

The India SME Forum estimates the MSME procurement economy at ₹124.9 trillion, but says only 30-40 per cent of spending currently takes place through digital channels

Punjab National Bank (PNB) aims to bring its cost-to-income ratio below 50 per cent in the current financial year and further reduce it to around 45 per cent by 2028-29, said Ashok Chandra, MD and CEO of the country's second-biggest lender.
The bank's cost-to-income ratio stood at 50.38 per cent in the first half of the current fiscal year, down from 53.3 per cent in September 2025, as it focuses on rationalising expenses and maximising profitability, he told PTI in an interview.
"We are aiming to go below 50 per cent this financial year. That is the first target we have set for ourselves. In the next two years, by 2028-29, we should be somewhere around 45 per cent," he said.
Chandra said the bank was working on two key areas -- rationalisation of expenses and maximisation of profits-- while sensitising its various units about the importance of improving operational efficiency.
Every review meeting of the bank now focuses on the cost of deposits, yield on advances, fee-based income

Punjab National Bank PNB

The bank's cost-to-income ratio stood at 50.38 per cent in the first half of the current fiscal year, down from 53.3 per cent in September 2025

His remarks come amid a debate over whether Tata Sons, the holding company of India's largest conglomerate Tata group, is required to go public

RBI GOVERNOR , Image:PTI

The sharp rise followed the RBI's introduction of a concessional foreign exchange swap facility in June to encourage banks to mobilise foreign currency deposits

NRI deposit

Bank of India's net profit rose 25.3% to ₹3,202 crore in Q2 FY27, supported by higher net interest income and recoveries from written-off accounts despite rising provisions

L to R - Rajiv Mishra, ED, Bank of India, P R Rajagopal, ED, Bank of India, Rajneesh Karnatak, MD & CEO, Bank of India, Subrat Kumar, ED, Bank of India and Pramod Dwibedi, ED, Bank of India During the Financial Results Press Conference in Mumbai on F

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