BUSINESS
Food Processing PLI: 171 Firms Approved, Creating Over 2.89 Lakh Jobs
One of the notable features of the scheme is that it targets micro, small, and medium enterprises (MSMEs), where 70 MSMEs have been directly enrolled and 40 others are working as contract manufacturers for large firms.
PLI Boost: Cabinet Clears ₹22,919 Cr Scheme for Electronics Component Manufacturing
The Union Cabinet, led by Prime Minister Narendra Modi, has approved the ECMS, a strategic project that seeks to enhance domestic output in the electronics sector.
Sensex, Nifty Close FY25 with Over 5% Gains Despite Market Volatility
Sensex fell by 191.51 points, or 0.25 percent, to close at 77,414.92, while Nifty fell 72.60 points, or 0.31 percent, to close at 23,519.35.
India's Strong Domestic Demand Shields It from US Tariff Impact: Morgan Stanley
The report points out that the export-to-GDP ratio is a most important determinant of how reliant an economy is on trade and it is useful for analysts in gauging the likely exposure of economic growth to external trade pressures.
India-US trade agreement talks progressing well; will be for good of both nations, Says Piyush Goyal
Goyal emphasized that he is in constant discussion with people representing different industries, such as agriculture, engineering, electronics, and textile industries, and other principal stakeholders. He mentioned there is a general euphoria regarding the prospect of the bilateral trade agreement, stating, "The discussions are ongoing. They are going well and will be for the benefit of both the United States and India."
Centre to Borrow ₹8 Lakh Crore in H1 FY26, Covering 54% of Annual Target
The borrowing will be spread over different tenures, such as government securities falling due in 3, 5, 7, 10, 15, 30, 40, and 50 years.
Gautam Adani becomes India's biggest wealth gainer: Hurun Global Rich List
His wealth increased by 13% to ₹8.4 lakh crore, making him India's second richest and the 18th richest person in the world.
India Boasts 284 Billionaires with a Staggering ₹98 Lakh Crore Wealth: Hurun Report
The 'Hurun Global Rich List for 2025' reports that the collective wealth of India's richest has increased by 10% in the last year. Mumbai remains the financial hub of the country, with 90 billionaires calling it home.
India Becomes World's Third-Largest Tea Exporter, Records ₹7,111 Crore Revenue in 2024
Having struggled in the last two to three years, the tea sector has now picked up its pace.
India, US holding very active and intense discussions on trade, Says S Jaishankar
Addressing an interactive session organized by the Asia Society, a top think tank, Jaishankar avoided making any conclusive forecasts about the short-term implications of trade talks. But he underlined that there is a compelling "business case" for a bilateral trade agreement (BTA) between the two countries.
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