Page 23 - Latest News
From agriculture to services: How India's economy transformed over 80 years
India's economy has undergone a major transformation over eight decades, moving from an agriculture-led model towards a more diverse, services-driven economy
 "From agriculture to services: How India's economy transformed over 80 years")
Best of BS Opinion: The case for keeping UPI free outweighs its infra costs
Today's columns examine the case for keeping UPI free, Punjab's shifting political landscape, General A S Vaidya's forgotten legacy and the rise of founders as brand ambassadors.
 "Best of BS Opinion: The case for keeping UPI free outweighs its infra costs")
Maharashtra FDA suspends 14 licences linked to Blinkit, Zepto, Instamart
Of the 14 suspended licences, five belonged to Blinkit establishments, five to Zepto, two to Instamart, one to Bhagwati Stores and one to Swinsta Ent Pvt Ltd, the FDA said
 "Maharashtra FDA suspends 14 licences linked to Blinkit, Zepto, Instamart")
Elon Musk's SpaceX completes $60 billion acquisition of AI startup Cursor
The deal became effective on Aug. 14, according to a regulatory filing, two months after SpaceX formally announced it had agreed to acquire the company.
 "Elon Musk's SpaceX completes $60 billion acquisition of AI startup Cursor")
Accel India IV offloads 2 crore Urban Company shares, cuts stake to 4.84%
Accel India IV (Mauritius) has offloaded a 1.3 per cent stake in home services platform Urban Company through an open market transaction.
 "Accel India IV offloads 2 crore Urban Company shares, cuts stake to 4.84%")
Rallies and reversals since 1991: The lessons for Indian investors
Avoid leverage, respect valuations and let earnings, cash flows and balance sheet strength, not narratives, guide investment decisions
 "Rallies and reversals since 1991: The lessons for Indian investors")
At 15.4%, bank deposit growth highest since December 2016: RBI data
The current account deficit widened to $6.2 billion in June from a $1.2 billion surplus in June 2025, as the merchandise trade deficit increased to $30.2 billion from $19.2 billion
 "At 15.4%, bank deposit growth highest since December 2016: RBI data")
MMDR amendment sparks revenue fears, Odisha may lose over ₹1 trn dues
Industry and state-level estimates suggest Odisha could lose around Rs 12,000 crore in annual mineral-related revenue and over Rs 1 trillion in outstanding dues
 "MMDR amendment sparks revenue fears, Odisha may lose over ₹1 trn dues")
Caste count returns to Census after 1931 as Centre notifies 40 questions
Census 2027 will seek caste details across all groups for the first time since 1931, alongside information on Aadhaar, voter ID, bank accounts and digital literacy
 "Caste count returns to Census after 1931 as Centre notifies 40 questions")
Vishwakarma 2.0 set for September 17 launch with bigger credit push
Centre likely to launch second phase of PM Vishwakarma scheme on September 17, with higher credit access and stronger market support for artisans
 "Vishwakarma 2.0 set for September 17 launch with bigger credit push")
I-Day sales rush: Retailers gear up for deal seekers to drive strong growth
Retailers expect strong footfalls and sales growth over the Independence Day weekend, backed by buoyant consumer sentiment, higher discounted inventory and offers
 "I-Day sales rush: Retailers gear up for deal seekers to drive strong growth")
Ashok Leyland Q1 net profit rises 0.8% to ₹616 crore, revenue up 12%
Ashok Leyland posted its highest-ever first-quarter revenue and net profit, driven by record volumes, even as rising material costs weighed on operating margins
 "Ashok Leyland Q1 net profit rises 0.8% to ₹616 crore, revenue up 12%")
Mahindra targets 5% heavy truck share, plans to add 15 dealerships
The company plans to expand its dealership network and leverage SML Mahindra as it targets higher market share in key heavy truck segments
 "Mahindra targets 5% heavy truck share, plans to add 15 dealerships")
Air India CEO-designate Gebremariam meets top executives during India visit
Gebremariam will succeed Campbell Wilson as Air India CEO and MD next month, taking charge as the airline pursues expansion plans amid external headwinds.
 "Air India CEO-designate Gebremariam meets top executives during India visit")
Reliance, Rolls-Royce to develop indigenous combat engine for AMCA together
The proposed partnership would combine Britain's storied aero-engine maker's technology and expertise with Reliance's technology, manufacturing and execution capabilities to develop AMCA engine
 "Reliance, Rolls-Royce to develop indigenous combat engine for AMCA together")
Air India Phuket-Delhi flight logged multiple hydraulic failures: Report
Failure messages on the report further flagged issues with the hydraulic system, an elevator computer, and a high-pressure indication linked to the nose landing gear door/engine anti-ice valve system
 "Air India Phuket-Delhi flight logged multiple hydraulic failures: Report")
US court upholds Devas award enforcement against Antrix; claim tops $2 bn
The Ninth Circuit upheld confirmation of the $562.5 million arbitral award but directed a US district court to examine the impact of subsequent annulment proceedings in India
 "US court upholds Devas award enforcement against Antrix; claim tops $2 bn")
Inflows over $52 bn, RBI opts to shut FCNR(B) tap ahead of schedule
Forex booster gambit to end Aug 31, a month ahead of schedule
 "Inflows over $52 bn, RBI opts to shut FCNR(B) tap ahead of schedule")
India@80: Clear road map, bumpy ride on the long journey to Viksit Bharat
The objective is clear: to achieve growth and income levels that ensure prosperity for its citizens
 "India@80: Clear road map, bumpy ride on the long journey to Viksit Bharat")
Independence Day weekend lifts hotel bookings, travel demand across India
Hotel and travel platforms report higher bookings, with younger travellers driving last-minute trips and demand spilling over into the first half of the coming week
 "Independence Day weekend lifts hotel bookings, travel demand across India")