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Home  Business

Business

Indian retail sector to grow faster, shows 7 per cent sales rise in May: RAI

Indian retail sector to grow faster, shows 7 per cent sales rise in May: RAI

  • India’s ban on Pakistani cargo ships raises freight costs, delays shipments

    Pakistani importers now depend on feeder vessels, causing delays of up to 50 days, with limited but rising export-related costs
  • India’s auto sector powers $5 trillion economy dream; contributes over 7 per cent to GDP

    India’s booming automobile sector, contributing over 7 per cent to GDP, is key to its $5 trillion economy goal. With strong policy support, EV adoption, and local manufacturing growth, it reflects India’s rise in global auto production and clean-tech innovation
  • Indian cement sector sees 9 per cent year-on-year growth in May

    India's cement sector recorded 39.6 million MT production in May 2025, marking 9% YoY growth. ICRA projects continued demand from housing and infrastructure, forecasting 6–7% growth in FY26 and improving operating margins across cement firms
  • Indian IT titans shift from general digital transformation to specific AI focus

    Indian IT giants are shifting focus from general digital services to AI integration. Rather than building AI models, they aim to lead in applying AI across businesses, investing in employee upskilling, partnerships, and innovation labs to drive enterprise-wide AI adoption
  • Prada acknowledges Kolhapuri chappals as inspiration after fashion show backlash

    Luxury brand responds to Maharashtra artisans’ outrage over cultural appropriation, promises dialogue and recognition of Indian craftsmanship.
  • Trump halts trade talks with Canada over tech tax on US firms

    Donald Trump has suspended US-Canada trade talks over Ottawa’s 3% digital services tax on tech firms like Amazon and Google. The levy, retroactive and set to begin Monday, could cost U.S. companies $2 billion. New tariffs may follow
  • JSW Paints acquires 74.8 per cent of Akzo Nobel India in Rs 12,915-cr deal

    Akzo Nobel NV has signed an agreement to sell its shareholding in Akzo Nobel India Ltd (ANIL) to the JSW Group, . The deal includes an open offer and marks Akzo Nobel’s strategic exit from the decorative paints segment, making it the fourth-largest player in India’s paint industry
  • Trump confirms US-China trade deal, China verifies framework details

    China confirmed a framework was agreed. The deal touches on rare earth exports, fentanyl regulations, and tariff rollbacks, while trade talks with India are expected soon
  • PhonePe, HDFC announces launch of co-branded RuPay credit card

    The co-branded RuPay credit card, offers up to 10 per cent rewards on UPI and app-based spending. Available in two variants, the card integrates with UPI and is fully managed via the PhonePe app
  • Post offices across India to accept digital payments from August

    Post offices have not been able to accept digital payments as they don’t have their accounts synced with UPI (unique payment interface) system 
  • Hyderabad-based Aurobindo Pharma recalls over 4,000 bottles of pain relieving drug

    US-based unit of the drug major is recalling Acetaminophen Tablets (325 mg) in the US due to cGMP (Current Good Manufacturing Practices) deviations
  • JioBlackRock Broking gets sebi approval to start brokerage operations

    The move enhances the joint venture's goal of offering affordable, tech-driven investment solutions across mutual funds, advisory, and broking
  • Maharashtra: Artisans seek CM Devendra Fadnavis’s intervention after Prada’s footwear resembles Kolhapuri chappals

    Maharashtra artisans accuse Prada of copying GI-tagged Kolhapuri chappals in its 2026 collection without credit. BJP MP Mahadik urges state action, revenue sharing, and legal protection for artisans, highlighting the cultural and economic impact of this alleged appropriation
  • South West Pinnacle secures Rs 30 crore Oman mining contract for copper, gold & chromite

    Through its JV Alara Resources LLC Oman, the explorer will execute a two-year mandate in concession areas 12B & 13 awarded by Minerals Development Oman
  • Sensex, Nifty rise for fourth day on FII inflows and global market rally

    The Sensex and Nifty opened higher on Friday, extending their winning streak to four sessions, backed by foreign fund inflows and firm US cues. Gains in L&T, SBI, and Tata Motors lifted indices, while select financial stocks lagged.
  • Rupee rises to 85.49 on FII inflows and stock market gains; Brent crude caps further upside

    The rupee appreciated by 23 paise to 85.49 against the US dollar on Friday, backed by strong FII inflows and buoyant equity markets. However, a rise in Brent crude prices and a stronger dollar index limited further appreciation.
  • Shell denies reports of BP takeover talks

    The British oil giant reaffirmed its focus on simplifying its business and clarified that no approach or discussions had taken place with BP regarding a potential offer
  • Brihaspathi Technologies Ltd secures USD 10 mn funding, wins MSRTC project

    The company plans to hire over 400 additional employees to support its mission of delivering world-class, Made-in-India, AI-based security solutions.
  • US Steel buyout : Trump granted ‘golden share’ power by Nippon Steel

    The provision gives the President the power to appoint a board member and have a say in Nippon Steel's decisions that affect domestic steel production and competition with overseas producers
  • Microsoft plans ‘substantial’ layoffs at Xbox gaming division

    The job cuts at Xbox are expected to impact several teams and also affect employees working in Microsoft’s global sales operations
  • India’s E-commerce market to hit $300 billion by 2030, driving $1 trillion digital economy

    India’s e-commerce market is projected to grow from $30 billion in 2020 to $300 billion by 2030, fueled by internet access, policy support, and rising consumer aspirations. Q-commerce, D2C brands, content platforms, and UPI microtransactions are reshaping the digital economy.
  • Rupee rises 21 paise to 85.87 on weaker dollar; crude price and FII outflows limit gains

    The rupee strengthened by 21 paise to 85.87 against the US dollar in early trade Thursday amid global dollar weakness. Gains were capped by rising oil prices and FII outflows. Markets reacted to geopolitical stability and US economic cues.
  • Sensex and Nifty extend gains for third day amid Iran-Israel ceasefire optimism

    Sensex and Nifty rallied for the third straight session on Thursday, buoyed by optimism over the Iran-Israel ceasefire. Broader global cues, Asian market trends, and institutional activity also shaped the day's momentum, with FIIs continuing to offload shares.
  • Opinion: From Science to Strategy, India’s Arctic ambitions take shape

    India’s pact with Norway to build its first indigenous Polar Research Vessel marks a major strategic pivot in its Arctic engagement, signalling that this initiative is more than just a scientific venture
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