Union Minister brought attention to India's comprehensive export growth and said that the government is focused on strengthening its competitive advantage in the global market

Piyush Goyal, Piyush

Industry bodies warn fuel curbs may disrupt processing of premium first flush tea, which drives a large share of Darjeeling's annual revenue

Tea Garden

Business Standard

Indian refiners, hit hard by a declining rupee, are facing revenue losses from retail sales as cracks for gasoline and gasoil surged to multi-year ‌highs

petrol pump, petrol

Reuters

Semaglutide is a GLP-1 receptor agonist used to treat Type 2 Diabetes and, increasingly, for weight management by helping regulate blood sugar and appetite

Semaglutide, weight loss drugs

Press Trust of India

Geopolitical uncertainties and fragmented supply chains are forcing global businesses to prioritise trust and resilience over mere cost-efficiency, positioning India as a highly viable technology partner of choice, Nasscom President Rajesh Nambiar said on Tuesday.
Speaking at the Nasscom Global Confluence 2026, Nambiar said the technology industry, which is heavily dependent on exports, is navigating an era of extraordinary transformation, noting that the reconfiguration of global value chains has fundamentally changed how countries and companies approach technology partnerships.
"It used to be a fact that everybody optimised only for cost and efficiency... Those days are gone... Efficiency is important, but not necessarily the deciding factor. Resilience becomes much, much more critical. India sits at a very nice intersection of all these priorities, which makes us a very viable country to do business with.
"...We are navigating this period where not just the geopolitical tensions,

Outlining the factors that make India a preferred partner, Nambiar pointed to the country's status as a 'trusted democracy' and its massive scale, serving as a 'living laboratory for innovation'

The Bharat Chamber of Commerce (BCC) wrote to RBI Governor Sanjay Malhotra, urging supportive banking measures for exporters reeling under disruptions in global logistics and shipping routes caused by ongoing tensions in West Asia.
In a letter on Monday, it said West Asia serves not only as a key destination for Indian exports but also as a critical transhipment hub for shipments bound for Europe and Africa.
"The ongoing situation has led to diversion of shipping routes, port congestion, higher freight and insurance costs, and extended transit periods, straining working capital cycles and liquidity positions of exporters," it said.
The BCC urged RBI to encourage banks to adopt a supportive credit approach by enhancing working capital limits, providing ad-hoc credit facilities, and extending the tenure of pre-shipment and post-shipment export credit.
Greater flexibility in rollover of packing credit and extension of due dates for export bills was also sought.
It also requested ...

Indian economy, trade, exports, imports

The BCC urged RBI to encourage banks to adopt a supportive credit approach

Rising e-commerce grievances and persistent food adulteration highlight evolving consumer protection challenges in India

Consumer rights

Renault has reintroduced the Duster in India with three powertrains and five trims, as it targets a comeback in the mid-size SUV segment

The announcement marks a significant moment for Indian automotive enthusiasts, many of whom have long awaited the return of the SUV

The government has eased localisation requirements under the Phased Manufacturing Programme of the Rs 10,900 crore PM E-DRIVE Scheme, providing major relief to manufacturers of electric trucks and buses by allowing them to import traction motors with rare-earth magnets till August 31.
In separate notifications dated March 13, the Ministry of Heavy Industries deferred the deadline to stop imports of traction motors used in e-trucks (N2/N3) and e-buses (M2/M3), a decision expected to ease component shortages faced by manufacturers.
The deadline for local manufacturing of traction motors used in e-bus and e-truck categories has been extended for the second time, as in September last year, the Centre deferred it till March 2026.
The requirement under Phased Manufacturing Programme (PMP) of the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme stipulates that the "manufacturing of traction motor which at least includes magnet fitment, fitment of rotor ...

Electric Vehicles

The deadline for local manufacturing of traction motors used in e-bus and e-truck categories has been extended for the second time, as in September last year, the Centre deferred it till March 2026

Passenger vehicle sales rose 10.6 per cent year-on-year in February, while two- and three-wheeler segments also recorded their highest-ever February sales, according to SIAM data

car sales, passenger vehicle

The Shenzhen-based automaker is studying the Canadian market for a potential manufacturing facility, although no decision has been made, Executive Vice President Stella Li said

China, BYD

Bloomberg

Compared with last year's Budget, the Union Budget 2026-27 builds on the credit framework while moving decisively towards equity funding, market-linked liquidity, and structured compliance support

MSMEs

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

export

Union Minister H D Kumaraswamy unveiled third round of speciality steel PLI scheme with relaxed thresholds, updated pricing benchmarks, and wider MSME participation to boost steel manufacturing

H D Kumaraswamy (Photo: X/@hd_kumaraswamy)

Base year revised, thresholds relaxed to reflect current market trends

Trade expert cites FTP Para 1.08 and CBIC circulars requiring that export consignments not be detained beyond three days, and clarifies documentation norms under the Advance Authorisation scheme

trade

Strict compensation norms and lack of succession planning are cited as key reasons

Illustration: Binay Sinha

SBI report says India has seen fewer instances of interest rate hikes since the flexible inflation targeting regime began, with the third five-year phase set to start next month

SBI, State Bank Of India

Stock falls sharply after reports suggest the government may scrap the proposed stake sale in IDBI Bank as bids reportedly came below the reserve price set for the divestment

The move comes as Union Budget for FY27 pegged the disinvestmenttarget at around ₹80,000 crore

The hedging cost has increased up to 75 basis points, increasing the landed cost of foreign currency borrowings for NBFCs

NBFC, NBFCs

Industry News: Find the top news on industry, banking & financial sector, manufacturing industries news, industry trends, corporate news and many more on Business Standard.

Industry

Auto

SME

Banking