New Delhi: As the US tariffs come into play, the biggest concern in India is for the textile sector. Government statistics show that the Indian textile and apparel market was valued at around $222 billion in 2024, and projections suggest it could reach $350 billion by 2030. The US is the largest market for the textile industry -- which employs approximately 45 million people, an employment figure second only to agriculture -- making up 33% of India's total exports. People in the trade warn that...Read More
New Delhi [India], August 14 (ANI): As India observes the Partition Horrors Remembrance Day, Union Minister of Commerce and Industry Piyush Goyal and External Affairs Minister on Thursday paid tribute to the people who sacrificed their lives during the Partition of India. Sharing an X post, Goyal said that on August 14, 1947, during the Partition of India, people endured the pain of violence, displacement and loss of loved ones. Also Read | Independence Day 2025: President Droupadi Murmu To Ad...Read More
Shimla, Aug 14 (UNI) Water supply to Shimla town and nearly 130 other areas across Himachal Pradesh has been disrupted due to extremely heavy rain, flash floods, and a sudden rise in water turbidity. According to Shimla Jal Prabandhan Nigam Limited (SJPNL) spokesperson Sahil Sharma, the water level at Chaba is currently at the booster stage, while heavy flooding at the Gumma pumping stations has reached houses near the Nauti Khad A heavy water flow has been reported in upstream catchment area ...Read More
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum has posted significant gains over the past week, rising 29% and approaching its all-time high near $4,800 set in 2021. At the time of writing, ETH trades at $4,662, putting it within range of the $4,750-$4,800 resistance zone that has historically marked a key supply area for the market. This price move coincides with unprecedented network activity and notable on-chain f...Read More
HYDERABAD: Several flights were either cancelled or diverted from the Rajiv Gandhi International Airport (RGIA) on Wednesday due to inclement weather. According to RGIA authorities, at least 11 incoming flights were diverted to other airports. However, all the diverted flights landed back in Hyderabad. Several flights from Delhi, Coimbatore, Goa, Agartala, Kanpur, Chennai, and other cities, were rerouted to destinations such as Vijayawada, Bengaluru, and Tirupati. Four flights, 6E 2065 (Delhi-...Read More
Mohla , Two senior Naxalites, carrying collective rewards of ₹35 lakh, were killed in an encounter with security personnel in Chhattisgarh's Mohla-Manpur-Ambagarh Chowki district on Wednesday, police said. The encounter took place late in the afternoon in the forest of Banda Pahad hill under Madanwada police station area, when a team of District Reserve Guard was out on an anti-Naxal operation, Superintendent of Police YP Singh said. A team of Indo-Tibetan Border Police was also involved in t...Read More
The four accused -- others are Deputy Director of Urban Planning (suspended) YS Reddy, former corporator and construction businessman Sitaram Gupta and one Arun Gupta -- will be produced before the PMLA court on Thursday, an official said. The Enforcement Directorate (ED) on Wednesday arrested four people, including former Vasai-Virar Municipal Corporation Commissioner Anil Kumar Pawar, in connection with a case over illegal constructions. The four accused -- others are Deputy Director of Urba...Read More
What began as a simple idea to make digital payments easier for Indian businesses has now become a story of global recognition. Razorpay, the Indian fintech unicorn, has been featured in the 2025 list of the World's Top Fintech Companies by CNBC and Statista, a feat that places it in the league of global fintech innovators. It's a prestigious nod, considering the final list was curated after evaluating thousands of fintech companies across the world on over 40 performance indicators. These incl...Read More
MUMBAI, Aug 11 (Reuters) - About 55% of India's merchandise exports to the United States will be subject to the tariff imposed by President Donald Trump's administration, the Indian government said on Monday. Last week, Trump imposed an additional 25% tariff on Indian goods as punishment for Delhi's purchases of Russian oil. That raised the total duty on Indian exports to the U.S. to 50% - among the highest on any American trading partner. The Indian government had taken into account the 25% t...Read More
Tirupati: A Hyderabad-based devotee, K Srikanth, on Tuesday donated Rs 1.1 crore to two wings of the Tirumala Tirupati Devasthanams (TTD), the official custodian of the Sri Venkateswara Swamy temple.Of the total contribution, Rs 1 crore was given to the SV Anna Prasadam Trust and Rs 10 lakh to the SV Gosamrakshana Trust, the temple body said. "Kodali Srikanth donated Rs 1 crore to Sri Venkateswara Anna Prasadam Trust and Rs 10 lakh to Sri Venkateswara Gosamrakshana Trust of TTD on Tuesday morni...Read More
Aug 14 (Reuters) - Australian power producer Origin Energy (ORG.AX), opens new tab signalled higher operating earnings at its energy retailing segment in the coming year on Thursday after reporting better-than-expected 2025 earnings, sending its shares to the highest in over a decade. The country's largest gas and electricity retailer forecast underlying operating earnings from its Energy Markets division between A$1.4 billion and A$1.7 billion ($916.4 million-$1.11 billion) in fiscal 2026. Th...Read More
Nirmala Sitharaman presented a bill in Lok Sabha to amend the Insolvency and Bankruptcy Code. The bill is now with a parliamentary committee for review. The changes aim to speed up bankruptcy resolutions and improve creditor recoveries. The creditor-led resolution framework will reduce the workload of the National Company Law Tribunal. Finance and corporate affairs minister Nirmala Sitharaman on Tuesday introduced a bill in the Lok Sabha for amendments to the Insolvency and Bankruptcy Code (IBC...Read More
NEW DELHI: An ongoing case in the Delhi High Court has brought fresh focus on corruption and extortion rackets allegedly operating inside Tihar Jail, with the court informed on Wednesday that nine prison officials have been suspended and transferred following a preliminary probe. The officials are accused of colluding with inmates to extort money in exchange for providing certain facilities within the prison. The action followed a series of court directions in response to a petition by a former...Read More
Kinnaur: A cloudburst was reported in Himachal Pradesh's Kinnaur district on Wednesday evening. Due to the cloudburst, a sudden flash flood struck Hojis Lungpa Nala. Notably, the site was an active road construction zone under CPWD towards Gangthang Bralam. A rescue operation was launched to rescue the stranded civilians. The Indian Army was also called in to help the local administration. The Army has deployed its new generation equipment to assist in the operation. The Logistics Drone High Al...Read More
BSE India Defence Index: BSE Index Services has launched BSE India Defence index (defence index) to track the growth of defence sector. The BSE India Defence Index will be reconstituted semi-annually (June and December). BSE India Defence Index Launched: BSE Index Services, a wholly subsidiary of BSE Ltd -- Asia's oldest exchange and the world's largest exchange in terms of the number of listed companies, has announced the launch of BSE India Defence index (defence index). The BSE India Defenc...Read More
New Delhi [India], August 14 (ANI): Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI). The central bank noted that AI can help financial institutions better understand customer behaviour, improve efficiency, and offer more personalised services at scale. Also Read | Fact Check: Did EC Overlook 50 'Sons' of a Single Man in Varanasi? Congress' Claim Is Misleading, Ram Jan...Read More
NEW DELHI: The Delhi government is in the process of rolling out a policy that aims to provide Group 'A' jobs to sportspersons who win medals in international events, besides rewarding them with a cash prize of Rs 7 crore, Minister for Home, Education, Power and Urban Development Ashish Sood said on Wednesday. Sincere efforts are afoot to ensure the best possible facilities for these athletes, he added. Speaking at the 26th edition of the 'Delhi Dialogues' programme hosted by TMS, the Minister ...Read More
Mumbai: Stock markets rebounded on Wednesday with benchmark Sensex closing higher by 304 points on buying in metal, auto and pharma shares as steady US inflation data propelled a sharp rally in global markets. The 30-share BSE Sensex climbed 304.32 points or 0.38 per cent to settle at 80,539.91. During the day, it jumped 448.15 points or 0.55 per cent to 80,683.74. The 50-share NSE Nifty edged up by 131.95 points or 0.54 per cent to 24,619.35. Analysts said retail inflation slowing to an 8-year...Read More
Mumbai: Capital markets regulator SEBI has banned Dewan Housing Finance Corporation Ltd's former Chairman and Managing Director Kapil Wadhawan, ex-director Dheeraj Wadhawan, and four others from the stock markets for up to five years and slapped a penalty of Rs 120 crore on them for diverting funds and fabricating books. They have also been barred from holding any key position in a listed company for up to five years. According to the SEBI investigation, the main culprits involved in the fraudu...Read More
Mumbai: Chief Economic Advisor V Anantha Nageswaran on Wednesday said US tariffs-related challenges will dissipate in the next one or two quarters, and urged the private sector to do more as the country navigates through other longer-term challenges. He attributed the growth slowdown in FY25, which saw a deceleration to 6.5 per cent from FY24's 9.2 per cent, to tight credit conditions and liquidity issues. The right agriculture policies can add 25 per cent to real GDP growth, Nageswaran added. ...Read More
New York: India has been a 'bit recalcitrant' on trade negotiations with the US, Treasury Secretary Scott Bessent has said. "That's aspirational," Bessent said on Fox Business on Tuesday, responding to a question on wrapping up all the tariffs and trade deals by the end of October. "But I think we are in a good position. The big trade deals that aren't done or aren't agreed - Switzerland is still around, India has been a bit recalcitrant," he said, adding that US Trade Representative Jamieson G...Read More
Thane, Aug 14 (PTI) A fire broke out at a cafe located in a multi-storey residential building in Maharashtra's Thane city early Thursday morning, following which 35 persons were evacuated from the structure, officials said. No casualty has been reported as of now, Thane Municipal Corporation's disaster management cell chief Yasin Tadvi said. The blaze erupted in the Parsik Cafe located on the ground floor of the six-storey building at Kharegaon in Kalwa (West), he said. The disaster managemen...Read More
New Delhi, Aug 14 (PTI) External Affairs Minister S Jaishankar has said the world is facing a "volatile and uncertain era", having experienced the successive impact of the Covid pandemic, multiple conflicts and "trade upheavals", and asserted that 'atmanirbharta' (self reliance) is the mindset needed to deal with "global turbulence". In his address at a conclave here on Wednesday, Jaishankar also said that in an era of globalisation and urbanisation, "traditions are often lost with time". But, ...Read More
New Delhi [India], August 14 (ANI): Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI). The central bank noted that AI can help financial institutions better understand customer behaviour, improve efficiency, and offer more personalised services at scale. It stated, "GenAI is poised to improve banking operations in India by up to 46 per cent". The report said AI is incr...Read More
New Delhi: As August inflation print likely to top 2 per cent and be closer to 2.3 per cent, a rate cut by the Reserve Bank of India (RBI) in October looks difficult, SBI Research said on Wednesday, adding that even a rate cut in December looks a tad difficult if growth numbers for Q1 and Q2 are taken into consideration. India's CPI inflation moderated to 98-month low of 1.55 per cent in July, compared to 2.10 per cent in June and 3.60 per cent in July, 2024. The July reading is marking the nint...Read More
Vijayawada: Antony Waste Handling Cell Ltd (AWHCL), India's leading integrated solid waste management company, on Wednesday announced that its material subsidiary, Antony Lara Enviro Solutions Private Limited, has been awarded two significant 15-MW waste-to-energy (WTE) projects each in Andhra Pradesh. The projects have been awarded by New & Renewable Energy Development Corporation of Andhra Pradesh Ltd (NREDCO), with a total project value of Rs3,200 crore. These projects mark a significant ent...Read More
New Delhi [India], August 14 (ANI): Generative Artificial Intelligence (AI) has the potential to improve banking operations in India by up to 46 per cent, according to a report by the Reserve Bank of India (RBI). The central bank noted that AI can help financial institutions better understand customer behaviour, improve efficiency, and offer more personalised services at scale. It stated, GenAI is poised to improve banking operations in India by up to 46 per cent. The report said AI is increa...Read More
Responding to media reports, the CMO said no such move has been initiated by the government. The statement added that an inquiry has been ordered into the leak of a highly confidential letter regarding the World Bank's allocation of funds for the 'Kera' project, which appeared in the media. The World Bank had approved ₹139.65 crore as the first phase of a loan for the project, intended to benefit around four lakh coconut farmers in the state. The funds, cleared in October last year, were to ...Read More
India's top 10 merchandise export destinations in 2024 list: Together, the top 10 countries notably make up 51% of India's total share of merchandise export percentage in 2023-24, with the US leading at 17.90%, India's top 10 merchandise export destinations in 2024: Amid rising global economic instability, marked by trade conflicts and tariff disputes, India's exports have reached USD 778.21 billion in 2023-24. It saw a historic rise of 67 per cent over the past decade (2013-14), according to ...Read More
Mumbai (Maharashtra) [India]/ London [UK]/ Lugoff (South Carolina) [US], August 12: STL (NSE: STLTECH), a leading optical and digital solutions company, today announced the appointment of experienced senior executives to drive its growth ambition in the US and Europe regions, marking a key move in expanding its regional presence and delivering next-generation optical solutions. STL, with over 30 years of Optical expertise, is one of the very few players to have end-to-end capability across th...Read More