Economy

India's services PMI hits four-month high in October as demand picks up

India's services PMI rose to 55.8 in October from 55.2 in September, driven by stronger new business growth and easing input cost inflation, while employment growth slowed.

NLMC facilitates ₹584 crore RINL land sale, eyes HIL asset monetisation

NLMC auctioned 264 RINL land parcels for ₹584.33 crore across two phases and is now preparing to monetise HIL India's land assets as part of its FY27 fundraising target

ASSOCHAM seeks Customs amnesty scheme to settle ₹1.5 trillion disputes

In its pre-Budget memorandum, ASSOCHAM has proposed a one-time Customs amnesty scheme, tax incentives for manufacturers and lower long-term capital gains tax rates

Sugar prices rise over ₹4/kg despite govt steps, retail rate hits ₹59.50

Sugar prices have risen by over ₹4 per kg in a month, with retail prices averaging ₹59.50, despite government measures to improve supplies during the festive season.

Cabinet approves five-year ₹2,814 cr push for critical mineral processing

The five-year scheme aims to strengthen India's critical mineral ecosystem, with implementation scheduled from 2026-27 to 2030-31

India sees some trade relief, new risks after US midterm elections

The Democrats won a landslide victory in both chambers of the US Congress on Tuesday in a sharp rebuke of President Donald Trump's policies

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