Economy

Services PMI rises to 4-month high of 55.8 in Oct as cost inflation eases

The HSBC India Services PMI rose to 55.8 in October from 55.2 in September, driven by stronger domestic demand, even as export orders and hiring growth weakened

India drops FY26 emission targets for refiners, textiles amid war woes

The Bureau of Energy Efficiency has removed FY26 greenhouse gas targets for refinery and textile units, while FY27 targets remain in place under India's carbon credit trading scheme

India puts food before fuel as El Nino dents ethanol blending target

The E20 initiative has saved nearly ₹2 trillion ($21.1 billion) in oil import costs since Modi govt came to power in 2014, according to government data

Uttar Pradesh Solar Energy Policy, 2022: Targets, incentives, eligibility and implementation

The policy is the state government's framework for expanding electricity generation from solar energy and developing the infrastructure needed to connect, store and use that electricity

Centre targets 12% coastal freight share by 2047, says Minister Sonowal

Coastal Cargo Promotion Scheme and Cruise Bharat Mission expected to create over 5.6 lakh jobs and cut carbon emissions by 16 million tonnes; Puri to get ₹1,500 crore cruise terminal

Women in managerial roles: India ranks near bottom, shows ILO report

Women occupy just 11-12 per cent of managerial positions in India, while female employees earn about 28 per cent less per hour than men, according to an ILO report

India's free trade agreement pipeline could cover 75% of exports

Ongoing trade negotiations could increase the share of India's merchandise exports covered by preferential trade agreements from 27.4 per cent to 74.5 per cent

Will develop tunnel boring machines if China puts curbs: Piyush Goyal

The commerce minister said India would also reduce dependence on China for critical inputs such as rare earths, with start-ups already developing motors that do not use rare-earth materials

Odisha draws ₹1.17 trillion clean energy investment proposals at summit

Odisha signs clean-energy agreements with 15 companies at a renewable energy summit, drawing proposals worth Rs 1.17 trillion for projects spanning 11.74 GW of planned capacity

Centre plans to expand import clearance gateways for drugs, medical devices

The Health Ministry proposes adding seven inland container depots, an SEZ and Jewar airport to the approved list to ease imports of drugs, medical devices and cosmetics

NLMC aims to mobilise upto ₹15K cr in FY27 via asset monetisation of PSUs

NLMC has mobilised around ₹9,000 crore so far and has a pipeline of ₹5,000-6,000 crore in non-core PSU assets for the current financial year

Green hydrogen push faces reality check as projects struggle to take off

Nearly four years after launch, India's green hydrogen mission faces high costs, slow execution, and uncertain demand. Experts say bankable contracts and purchase mandates hold the key to success

Petronet eyes US LNG supplies under renewed long-term deal with Qatar

India's top ‌gas importer Petronet LNG Ltd is in talks with Qatar to source some LNG from the US under its long-term contract from 2028, Petronet's group general manager Vivek Mittal said

BPCL buys 1 million barrels of US WTI crude for delivery in late December

The refiner bought the crude at a ‌premium of about $18 per barrel to the dated Brent contract for discharge at Mumbai

From grains to chicken and milk, India faces prolonged food inflation

Weak monsoon rains threaten winter crop yields, while rising costs and tight supplies are pushing up prices of staples, poultry and dairy products

India tax hike drives illegal gold imports to highest level since 2023

Informal shipments for July to September jumped more than 1,500% to 50 metric tons from 3 tons a year earlier, according to a report from the World Gold Council

Labour Bureau prepares to revise CPI-IW base year, expand coverage

A separate standing tripartite committee, comprising representatives of employers, employees and the government, will also advise on the exercise

10-yr Gsec yield falls 10 bps, rupee gains for 2nd day as oil prices slide

The benchmark 10-year government bond yield fell nearly 10 basis points to 7.32 per cent as crude prices declined, while the rupee strengthened for the second straight session

RE sector may create ₹20 trn investment opportunities by 2030: PM Modi

Speaking at the Bharat Renewable Energy Summit, PM Modi said the sector had attracted over ₹15 trillion in investments in the past decade, underscoring India's clean energy push

Manufacturing PMI dips in October as output, orders see slow growth

HSBC's India Manufacturing PMI fell to 54.7 from 55.1 in September, even as export orders grew at their fastest pace in six months and input cost inflation eased