The Cabinet Committee on Economic Affairs has approved two multi-tracking railway projects worth Rs 24,815 crore covering Uttar Pradesh and Andhra Pradesh, aimed at easing congestion and boosting freight and passenger movement, a government release said.The two projects–Ghaziabad-Sitapur 3rd and 4th line, and Rajahmundry (Nidadavolu)-Visakhapatnam (Duvvada) 3rd and 4th line–are targeted for completion by 2030-31. […]
Hormuz flashpoint: Why Indian-flagged ships are in focus as Middle East tensions hit global shipping
As tensions rise in Middle East and vessel safety in the Strait of Hormuz comes under renewed focus, the flag a ship flies has emerged as a key factor in maritime security, regulation and state protection.Flagging a vessel means it is registered with a country and must comply with that nation’s maritime laws and regulations. […]
NaBFID signs pact with PDCOR to expand advisory support for state projects
The National Bank for Financing Infrastructure and Development (NaBFID) has signed a Memorandum of Agreement with Projects Development Company of Rajasthan Limited (PDCOR) to strengthen advisory services for state and city-level infrastructure projects.The agreement will also allow both institutions to jointly explore financing and transaction advisory opportunities, including transaction structuring, commercial and technical due diligence, […]
Govt says El Nino risk to farm output manageable, cites irrigation, reservoirs, seed buffers
The government on Saturday said the threat posed by a possible El Nino this year is unlikely to cause major damage to agriculture, pointing to stronger irrigation systems, higher reservoir storage and better preparedness than in past drought-linked years.The assurance came after Agriculture Minister Shivraj Singh Chouhan chaired a review meeting ahead of the Kharif […]
Explained: On way to 4th largest, how India slipped to 6th rank & what it means for 3rd largest economy dream
While India will be the sixth largest economy in FY27, it is likely to overtake both the UK, and Japan to bag the fourth spot in FY28. (AI image) In April 2025 when the International Monetary Fund (IMF) released its World Economic Outlook, India was seen overtaking Japan to become the world’s fourth largest economy […]
Akshaya Tritiya trend: Digital gold gains alongside jewellery buying; analysts see shift in investor choices
Flexible and transparent gold investment options such as digital gold and ETFs are expected to gain traction alongside traditional jewellery buying this Akshaya Tritiya, reflecting changing investor preferences, analysts said.Akshaya Tritiya, considered an auspicious day for gold purchases, will be celebrated on Sunday. Analysts said participation is evolving, with more investors exploring financial products linked […]
India remains among best-performing major economies: S&P Global
New Delhi: S&P Global has reaffirmed confidence in India’s growth outlook, saying the country continues to be one of the best-performing major economies globally despite ongoing geopolitical uncertainties.Saugata Saha, president of S&P Global Market Intelligence, said India remains a critical hub for the company, supported by a strong talent base, prompting further expansion of its […]
IDFC Bank provides uniform rails for customs, GST and direct tax payments
Mumbai: IDFC First Bank has joined a small club of private lenders offering a unified rail for all major tax payments after going live on the ICEGATE 2.0, completing its coverage across direct tax, GST and now customs duty and moving close to the intersection of banking and trade compliance.The addition fills a gap in […]
SEC, Adanis jointly seek extension; propose new briefing schedule in US case
The US Securities and Exchange Commission and Indian businessmen Gautam Adani and Sagar Adani have jointly requested a US court for more time to file key submissions in a civil securities case, proposing a revised schedule for motions and responses.In a filing before the US District Court for the Eastern District of New York, the […]
ICICI Bank Q4FY26 net profit rises 8.5% to Rs 13701 crore, full year net crosses Rs 50k crore
Mumbai: ICICI Bank reported a net profit of Rs 13,701.7 crore for the quarter ended Mar 31, 2026, up 8.5% from Rs 12,629.6 crore in the year-ago period following an improvement in asset quality. The full-year net profit for FY26 rose 6.2% to Rs 50,146.6 crore from Rs 47,227.0 crore in FY25.Interest income for the […]