The EU-India Free Trade Agreement is expected to open significant opportunities across trade, artificial intelligence and resilient supply chains, Austria’s State Secretary in the Federal Chancellery Alexander Proll said, describing the pact as a major step forward in economic cooperation.In an interview with PTI, Proll called the agreement a transformative arrangement that could benefit nearly […]
US airlines warn of disruption as DHS suspends PreCheck, Global Entry during shutdown
Major US airlines have expressed concern over travel disruptions after the Department of Homeland Security (DHS) decided to temporarily suspend its PreCheck and Global Entry programmes amid an ongoing government shutdown.The suspension will take effect from 6 a.m. ET (1100 GMT) on Sunday, days after a partial shutdown began following the failure of Republicans and […]
FMCG firms bet on volume-led growth as easing inflation seen improving margins in FY27
India’s leading fast-moving consumer goods companies expect growth to shift towards volumes in FY27, as easing inflation and softer commodity prices begin to reduce cost pressures and support margin recovery.Industry executives said the operating environment has turned more favourable after several volatile quarters, with mid- to high single-digit volume growth already reported by major FMCG […]
Ethanol boom faces reality check as surplus capacity clouds green fuel roadmap
What was once seen as the engine of India’s clean fuel transition is now grappling with oversupply, with ethanol production capacity significantly exceeding current blending needs.Industry estimates show nearly 20 billion litres of installed ethanol capacity, with another 4 billion litres expected shortly, against an annual requirement of about 11 billion litres to meet the […]
IDFC First Bank reports Rs 590 crore fraud in Haryana government accounts
MUMBAI: IDFC First Bank Ltd reported a Rs 590 crore discrepancy in deposits held on behalf of the Haryana Government at its Chandigarh branch, identified four employees as suspects and suspended them pending investigation. The bank’s filing comes after the state directed its departments to close accounts with private lenders on February 18. The matter […]
Weekly market recap: Mcap of six of top 10 valued firms climbs Rs 63,478 crore; L&T, SBI lead gains
Six of ten most-valued companies saw their market capitalisation soar by Rs 63,478.46 crore last week, fueled by strong gains in Larsen & Toubro and State Bank of India. The broader market also moved modestly higher, with the 30-share BSE Sensex rising 187.95 points, or 0.22%, during the week. Among the top firms, Larsen & […]
PM Modi to flag off ‘Meerut Metro’ and ‘Namo Bharat’ train today — how will it help commuters?
Prime Minister Narendra Modi is set to inaugurate the Meerut Metro and the Namo Bharat RRTS, on Sunday, during his visit to Shatabdi Nagar in Meerut, Uttar Pradesh, while also dedicating development works worth around Rs 12,930 crore to the city. Following the inauguration, the Prime Minister is set to take a metro ride to […]
‘Why did we compromise our … ‘: Congress raises 7 questions after US court strikes down Trump tariffs
PM Modi and US President Donald Trump (File photo) NEW DELHI: The Congress on Saturday once again targeted Prime Minister Narendra Modi over the recently finalised interim trade agreement, earlier this month, between India and the United States, which took nearly a year to reach mutual consensus. The largest opposition party’s attack on PM Modi […]
Pharma exports grow 9.4% to $30.47 billion in FY25; industry eyes double-digit expansion by 2026-27
India’s pharmaceutical exports rose 9.4 per cent in 2024–25 to $30.47 billion, with the industry targeting double-digit growth in 2026–27 amid efforts to expand global market access, the commerce ministry said on Saturday, PTI reported. Issues related to pharmaceutical exports were discussed during a Chintan Shivir held in Ahmedabad between government officials and industry representatives, […]
US Supreme Court tariff ruling adds uncertainty to global trade outlook, offers limited relief: Analysts
The US Supreme Court’s decision striking down tariffs imposed by President Donald Trump has done little to ease pressures on the global economy, with analysts warning that uncertainty over future trade policy may instead intensify. Economists said the ruling, while limiting Trump’s use of tariffs under emergency powers, is unlikely to change the broader trajectory […]