Economy

India to add 100 merchant ships to its fleet in 5 years: Sarbananda Sonowal

India plans to add 100 vessels to its merchant fleet in five years, with reflagging, shipbuilding support and fiscal reforms aimed at strengthening the domestic shipping industry

Four India-based companies bear the brunt of US' Iran sanctions

US sanctions four India-based firms over Iranian petroleum imports as Washington expands pressure on Tehran and warns entities doing business with Iran of retaliation

Monsoon revival 'partly mitigates' agri sector risks: RBI's August Bulletin

FDI flows revives in June: Robust Q1 eco momentum continued in July

Indian basmati may get caught in US 'economic onslaught' on Iran

US secondary sanctions on Iran could further hit India's basmati exports, while disruptions in the Strait of Hormuz threaten freight costs and crude-oil supply risks

NRI deposit inflows fell 23% to $2.78 billion in Apr-Jun: RBI data

Outstanding NRI deposits stood at $168.51 billion at the end of June, while FCNR(B) deposits recorded inflows of $1.73 billion during April-June FY27

Govt plans BIS certificate exemption for foreign high-tech companies

Commerce Minister Piyush Goyal says the proposed framework could provide company-, industry-, product- or project-based exemptions for imported equipment and components

Majority of HR leaders expect new job creation in H2 2026: Report

Most Human Resources leaders expect hiring (both new and replacement) to continue in H2 2026, with 79 per cent anticipating fresh job creation, a report said on Tuesday.

India's floating solar plan: Strategic clean-energy move or risky bet?

India's PM-SSY targets 5 GW of floating solar capacity with two-hour storage and Rs 28,500 crore of investment, but high costs, viability concerns and technical risks could impede scale-up.

Economy shows notable resilience despite global headwinds: RBI bulletin

The economy has demonstrated notable resilience to the ongoing global headwinds, characterised by buoyant domestic demand and rising manufacturing and services activity, Reserve Bank bulletin said

India's mushroom production surges, led by Bihar, but challenges remain

India's mushroom output rose from 51,000 tonnes in 2015 to 347,750 tonnes in 2024, with Bihar at the forefront, but productivity, cold-chain and infrastructure gaps threaten further growth.

Govt revises raw sugar import terms, gives 2 months for refining and sale

DGFT replaces the October 31 sale deadline with a two-month window from filing the Bill of Entry, while the duty-free raw sugar import quota and import cut-off remain unchanged

India turns to US for LPG, LNG as West Asia war disrupts Gulf supplies

India imported about 0.62 million tonnes of LPG from the United States in August, in addition to 0.89 million tonnes in July, accounting for more than 73% of the country's LPG imports

India's economic growth likely slowed to 7.1% in April-June quarter: Poll

Risks to the outlook for Asia's third-largest economy, which imports more than 85 per cent of its oil, have increased as crude prices are above $90 a barrel and may climb higher

Weak rains, services likely eased Q1 economic growth to 4-quarter low

India's GDP growth is likely to ease to around 7.2% in Q1 FY27, a four-quarter low, amid softer services activity and a delayed monsoon despite resilient domestic demand

We are well capitalised right now: Navi Finserv MD & CEO Abhishek Dwivedi

'Our target group has been young middle class. Over the years, we have graduated to a slightly higher ticket size doing about Rs 1.5 lakh in average ticket size in unsecured credit or personal loans;

Digital divide keeps women out of India's gig economy, says report

Women remain under-represented in India's platform economy despite near parity in bank-account ownership, as digital capability and credit-access gaps persist

Service producer prices show mixed trend across sectors in Q1FY27

Air passenger service prices rose nearly 32 per cent year-on-year in Q1 FY27, while banking and securities transaction services recorded declines, provisional data showed

58% of FY27 fertiliser subsidy budget used in less than 5 months

Over half of India's FY27 fertiliser subsidy has been exhausted in under five months as global prices surged, raising the prospect of higher government spending

No shortage of sugar in India, retail prices to come down soon: ISMA

Sugar prices are expected to ease within 10 days as early crushing, duty-free imports and government measures boost supplies, while India lifts its wheat export ban

Onion prices up 59%, govt ramps up 'Kanda Express' supplies to cool market

The Centre is using dedicated railway rakes to move buffer onions from Nashik to major cities as retail prices surge and seasonal shortages loom