Economy

Mumbai: As Mumbai’s energy demand grows rapidly, Adani Electricity has taken a major step toward enhancing power reliability by equipping its frontline teams — “Power Warriors” — with advanced mobile infrared (IR) imaging tools. These compact, smartphone-enabled devices are transforming how power infrastructure is monitored and maintained across the city. Mumbai’s fast-paced redevelopment and climate

Kochi:  The Spices Board has launched the ‘Sustainability in Spice Sector through Progressive, Innovative and Collaborative Interventions for Export Development (SPICED)’ scheme for the fiscal year 2025-26 under which financial assistance is offered across the value chain to farmers and Farmer Producer Organisations (FPOs) to enhance the production, quality and export of spices. The scheme

New Delhi: The global growth continues to face headwinds with persistent trade frictions, heightened policy uncertainty, and weak consumer sentiment weighing on the outlook. Despite this, the Indian economy is exhibiting resilience even after high trade and tariff-related concerns, the Reserve Bank of India (RBI) has said. Persistent trade frictions, heightened policy uncertainty, and weak

New Delhi:  In the midst of global trade realignments and industrial policy shifts, India is increasingly positioned to function as a “connector country” that can become a key intermediary in sectors such as technology, digital services, and pharmaceuticals, according to the Reserve Bank of India (RBI). Indian economy continues to be ring-fenced by stability encompassing

New Delhi:  The Employees’ Provident Fund Organisation (EPFO) added 14.58 lakh net members in the month of March, and increase of 1.15 per cent in net payroll additions compared to March 2024, it was announced on Wednesday. EPFO enrolled around 7.54 lakh new subscribers in March 2025, representing a 2.03 per cent increase over February

New Delhi: Despite weathering effects precipitated by global upheavals, Indian economy stays largely resilient and is projected to clock a GDP growth around 6.4-6.5 per cent in Q4 FY25, an SBI report said on Wednesday. To estimate GDP statistically, the State Bank of India’s Economic Research Department has built a ‘Nowcasting Model’ with 36 high

Mumbai: The domestic benchmark indices opened lower on Tuesday amid mixed global cues, as selling was seen in the auto, PSU bank and financial service sectors in the early trade. At around 9.31 am, Sensex was trading 40.79 points or 0.05 per cent down at 82,018.63 while the Nifty declined 22.10 point or 0.09 per

Mumbai:  The Reserve Bank of India proposes to cap a single regulated entity’s (RE) contribution to any Alternative Investment Funds (AIF) at 10 per cent of its corpus while collectively, a ceiling of 15 per cent will apply for investment by all REs in an AIF scheme, in the revised draft directions issued on Monday.

New Delhi: India’s apparel and home textiles exports to the UK are expected to double from the current levels in the next 5-6 years, with the bilateral free trade agreement (FTA) scheduled to become operational in calendar year 2026, according to an ICRA report. Currently, Indian textile exports to the UK face 8-12 per cent

New Delhi: The Indian rupee opened 12 paise stronger at 85.44 against the US dollar on Monday, amid a backdrop of global economic developments and market reactions. The Indian rupee closed at 85.52 a dollar on Friday. Meanwhile, gold prices increased almost 1 per cent in the morning session of trade on the domestic futures