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Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday said in the Lok Sabha that the Insolvency and Bankruptcy Code (IBC) has been a main and very crucial factor in improving the health

As conflict escalates in West Asia, a hidden risk is emerging beneath the sea. The world’s internet cables, carrying over 95% of global data, are under threat.

India will restrict the use of Chinese-origin CCTV cameras starting April 1, targeting companies such as Hikvision and Dahua Technology over national security concerns.

The government has extended fiscal benefits under the RoDTEP scheme for exporters by six months, until September 30, amid disruptions to global trade caused by the ongoing West Asia crisis.
The Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme, launched in 2021, provides for a refund of taxes, duties and levies that are incurred by exporters in the process of manufacturing and distribution of goods, and not being reimbursed under any other mechanism at the Centre, state or local level.
Refunds under the scheme range from 0.3 per cent to 3.9 per cent. The scheme was valid till March 31, this year.
"Eligible exports made during the period from April 1 to Sep 30, 2026 shall continue to be entitled to RoDTEP benefit at the rates and value caps in force as on March 31, subject to the existing terms and conditions of the scheme," the Directorate General of Foreign Trade (DGFT) has said in a notification.
The budget allocation under the scheme for 2025-26 was Rs 18,232 ..

cargo, port, import, export, trade

Press Trust of India

During March, Ola Electric also became the first electric vehicle (EV) brand in India to cross 1 million cumulative registrations (as per VAHAN data)

Ola Electric, OLA

Business Standard

The technology sector has seen major job cuts recently, with companies including Oracle, TCS, Amazon, Microsoft, Intel and Block cutting thousands as they restructure and invest in AI

job cut layoffs

At least eight women were killed in a stampede at a temple in Bihar's Nalanda district on Tuesday, Police said.
The incident took place due to a heavy rush of devotees at the Shitala Mata temple on Tuesday morning, a senior officer said.
Bihar Sharif Assistant Superintendent of Police Noorul Haque said, "At least eight women died in the stampede at Shitala Mata temple on Tuesday morning. Police personnel and officials of the district administration have reached the spot, and the rescue work is on."
The exact cause of the stampede is not known, but there was a huge rush of devotees, said Haque, who was also present at the spot.

Bengaluru RCB stampede

Agencies

In a petition contesting the lenders' choice to approve Adani's bid, Vedanta argued that its updated proposal offered nearly ₹3,400 crore more in overall value

Vedanta

US-based IT firm Oracle is believed to have laid off approximately 12,000 staff in India, with another round of layoffs expected within a month, impacted employees said on Tuesday.
Globally, the company has fired around 30,000 employees.
"In India, around 12,000 employees have been laid off. The company is planning another mass layoff within a month," said two people impacted by the retrenchment, including one from the company's human resource department.
The company has approximately 30,000 employees in India, including those affected by the layoffs.
Oracle declined to comment on the development.
Oracle, in an email sent to staff, said the employees were informed about certain organisational changes and "because of these changes, a decision has been taken to streamline the operations, and as a result, unfortunately, the position you currently hold will become redundant".
The company has offered 15 days' salary to each employee who has completed a year of service in India, in add

Oracle

In a post on X, the IDF said the operation targeted multiple sites linked to the "Iranian terror regime", including dozens of weapons storage and production facilities

Iran, Iran war

Global optics and optoelectronics major ZEISS is betting big on India, one of its top three fastest-growing markets for vision products, with the country's expanding youth population driving demand not just for basic but also for higher-quality options, according to senior company officials.
India, China and Southeast Asia are the fastest-growing markets globally for ZEISS. In terms of consumer trends, India is a very early adopter, Carl Zeiss Vision Vice President - Head of Global Brand Management, Charlotte Hamel and its Head of Global Sales Operations & Emerging Markets, Boris Dejonckheere, told PTI in a joint interview.
While India is currently "the highest ranked in number of more sales per month", Dejonckheere said the ranking changes rapidly as China is also growing fast.
"Sometimes China is a bit faster, and sometimes India is a bit faster," he added.
While Southeast Asia cannot be forgotten as it is also "booming there", Dejonckheere said, "...but what we see here (in ...

Zeiss Optical Inserts

The applicability of newly reimposed export windfall taxes on shipments of diesel and ATF from Reliance Industries' SEZ refinery remains the key uncertainty, following India's fuel duty overhaul, with significant implications for refining margins and government revenues, according to analysts.
Under the revised framework, effective March 26, India has imposed export duties of Rs 21.50 per litre on diesel and Rs 29.50 per litre on aviation turbine fuel (ATF) while keeping petrol exports exempt. This came alongside a Rs 10 per litre cut in excise duty on petrol and diesel.
However, it is not yet clear whether exports from Reliance's special economic zone (SEZ) refinery, which accounted for a large share of India's refined product exports, will continue to enjoy exemptions, as they did under the 2022 windfall tax regime, UK's Investec said in a note.
Reliance owns and operates two refineries at Jamnagar in Gujarat - a 33 million tonnes per year unit catering to the domestic market and 

Fuel, Fuel prices, diesel

The going was good until war in West Asia started. The inflation rate was low with growth staying robust

The April policy meet will be the first under the new series for gdp and inflation

The April policy meet will be the first under the new series for GDP and inflation

The government has stepped up measures to secure fuel and gas supplies amid the closure of the Strait of Hormuz, while urging citizens to avoid panic buying as sporadic rushes were reported at fuel stations.
In a statement, giving an update on developments following the war in West Asia, the oil ministry said refineries are operating at high capacity with adequate crude inventories, and stocks of petrol and diesel remain sufficient nationwide. Retail outlets are functioning normally, even as rumours triggered temporary spikes in demand in some states.
"There were certain rumours, which led to panic buying at some retail outlets in a few states, resulting in unusually high sales and heavy crowding at retail outlets. However, it is informed that there are adequate stocks of petrol and diesel available at all petrol pumps in the country," it said.
To boost domestic availability, the government has cut excise duty on petrol and diesel by Rs 10 per litre and imposed export levies of Rs .

Strait of Hormuz, crude oil (Photo: PTI)

India's growing economy and massive infrastructure needs align perfectly with American expertise in energy, advanced manufacturing and digital infrastructure and both sides are well-positioned for a 'win-win' expansion of their strategic economic pillar, US Ambassador Sergio Gor has said.
The envoy said the two countries are prioritising building resilient supply chains for semiconductors and critical minerals, and welcomed New Delhi joining the US-led 'Pax Silica' initiative, which aims to secure these networks amid intense competition from China.
In an interview to Span magazine, a US embassy publication, the ambassador said Washington is uniquely positioned to serve as the "main facilitator" of economic growth across South and Central Asia and that its proposed trade deal with India will create a "powerful anchor" for regional economic integration.
Elaborating on the US' defence and security cooperation with India, he said it represents the "most strategically significant" area o

US Ambassador Sergio Gor is seen during a press conference, in New Delhi, in this file photo dated Monday, Jan. 12, 2026. (PTI Photo/Atul Yadav)

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RoDTEP benefits for exporters extended till Sep 30 amid Iran crisis

Ola Electric spikes 10% on releasing March update; registrations cross 1 mn

From Oracle to Amazon: Tech layoffs sweep across global IT industry

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Bihar CM announces ₹6 lakh aid after 8 women killed in stampede in Nalanda

Vedanta tells SC its revised bid for bankrupt JAL tops Adani Group's offer

Oracle lays off 12,000 employees in India; another round likely in a month