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India’s services exports hit 10% of GDP; trade deals boost scope
Business

India’s services exports hit 10% of GDP; trade deals boost scope

New Delhi, March 14: India’s services exports have maintained strong momentum in FY2025-26, supported by sustained global demand for Indian services and over the April-January 2025-26 period, services exports are estimated at $348.4 billion, an official factsheet said on Saturday.India’s services...
Govt plans fresh incentives for phone makers after PLI scheme ends
Business

Govt plans fresh incentives for phone makers after PLI scheme ends

New Delhi, March 13: India is planning a new set of incentives to support domestic mobile phone manufacturing after its flagship production-linked incentive (PLI) scheme for the sector ends this month.The move is expected to benefit global smartphone makers such as Apple and Samsung, which...
AI-driven operating models benefit Indian banks: Report
Business

AI-driven operating models benefit Indian banks: Report

New Delhi, March 13: Indian banks are benefiting from sustained credit growth, deeper digital public infrastructure and rapid adoption of AI‑driven operating models, and heightened regulatory focus on climate risk, cyber resilience and governance, a report said on Friday.The report from KPMG...
US waiver allows sale of nearly 20 million barrels of Russian oil
Business

US waiver allows sale of nearly 20 million barrels of Russian oil

New Delhi, March 13: The US waiver for buying seaborne Russian crude has immediately freed another 20-odd million barrels of oil on board ships which is expected to cool runaway prices that have crossed the $100 per barrel mark in the global market amid the Iran war.There are currently around...
Udyam portal sees 7.83 cr MSMEs, 34.5 cr jobs created: Minister
Business

Udyam portal sees 7.83 cr MSMEs, 34.5 cr jobs created: Minister

New Delhi, March 12: About 7.83 crore Micro Small and Medium Enterprises (MSMEs) have registered on the Udyam Registration portal since 2020, while 1.37 lakh MSMEs have shut down in the same period, constituting just 0.17 per cent of MSMEs which have been closed, the Parliament was informed on...
Gulf crisis: GAIL stops gas supply to Yelahanka power plant
Business

Gulf crisis: GAIL stops gas supply to Yelahanka power plant

Bengaluru, March 12: The Gas Authority of India Limited (GAIL) has completely stopped gas supply to the Yelahanka gas-based power plant in Bengaluru since March 12 at 6 AM, the officials in the Energy Ministry confirmed on Thursday. The 370 Mega Watt Yelahanka plant, set up by Karnataka Power...
Centre weighs support for shipping, exporters amid Iran war costs
Business

Centre weighs support for shipping, exporters amid Iran war costs

New Delhi, March 11: The Indian government is actively exploring support measures for domestic shipping companies and exporters as insurance costs have shot up due to the war-risk premium that is being levied due to the Iran war, which has engulfed the Middle East region, according to a senior...
Adani Total Gas shares surge 20 pc; other gas stocks advance
Business

Adani Total Gas shares surge 20 pc; other gas stocks advance

Ahmedabad, March 11: Shares of Adani Total Gas surged 20 per cent to hit the upper circuit on Wednesday, extending gains even as India faces a deepening natural gas supply crunch.The sharp rally came after the company said domestic piped natural gas (PNG) and compressed natural gas (CNG) used...
SHANTI Bill seen boosting India’s nuclear capacity expansion: Report
Business

SHANTI Bill seen boosting India’s nuclear capacity expansion: Report

New Delhi, March 11: The Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill, 2025 is a structural step toward strengthening India’s nuclear power ecosystem which will improve project execution, a report said on Wednesday.Infomerics Ratings described...
Cabinet extends Jal Jeevan Mission till Dec 2028 with higher outlay
Business

Cabinet extends Jal Jeevan Mission till Dec 2028 with higher outlay

New Delhi, March 10: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved a proposal to restructure and reorient the implementation of the Jal Jeevan Mission from infrastructure creation to service delivery, supported by drinking water governance and institutional...
Madurai Airport to be upgraded as international airport: Cabinet
Business

Madurai Airport to be upgraded as international airport: Cabinet

New Delhi, March 10: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the declaration of Tamil Nadu's Madurai Airport as an international airport.Located in the Temple City, the airport at Madurai is one of the oldest in the state.It serves as a crucial gateway...
India holds 74-day reserves of oil, petroleum products: Minister
Business

India holds 74-day reserves of oil, petroleum products: Minister

New Delhi, March 9: India currently has a total capacity for storage of crude oil and petroleum products for 74 days, which can help to tide over disruptions in case of adverse situations such as geopolitical conflicts, the Parliament was informed on Monday."The government has established...
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