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"business-news"

  • NITI Aayog suggests ‘dual-track approach’ in India-US trade, amid reciprocal tariff

    The Aayog, in a working paper titled 'Promoting India-US Agricultural Trade Under the New US Trade Regime', said that India's agricultural sector needs safeguards to ensure price stability for both producers and consumers against excessive volatility in international markets
  • ICEA rolls out industry-wide initiative to foster tech and AI innovation

    The unique industry-wide initiative to collaboratively foster tech and AI innovation will connect companies with transformative innovations across domains such as advanced manufacturing, AI, IoT, energy efficiency, materials science, and more
  • OpenAI announces its global ‘AI for Impact Accelerator Programme’ in India

    ChatGPT maker OpenAI announced the next phase of its global ‘AI for Impact Accelerator Programme’ in India, highlighting a year of support for mission-driven organisations using artificial intelligence to solve real-world social problems
  • There is need for greater certainty on India’s taxation system: IATA

    Global airlines' grouping IATA said there needs to be greater certainty in India's taxation system, which is very complex
  • TCS, Virgin Atlantic sign 7-year partnership to modernise airline’s core system with AI-led solutions

    India's largest IT services company, TCS, announced a seven-year extended partnership with Virgin Atlantic to modernise the airline's core systems with AI-led solutions that will amplify personalised, connected, sustainable experiences
  • Microsoft lays off hundreds of more employees after huge job cuts in AI era

    Tech giant Microsoft has cut hundreds of more jobs just weeks after reducing nearly 3 per cent of its global workforce in the AI era
  • Hyundai, Kia, Mercedes Benz, Volkswagen, Skoda interested in making EVs in India: Minister

    Global automobile makers, including Mercedes Benz, Skoda-Volkswagen, Hyundai and Kia have shown interest in manufacturing electric cars in India, Union Heavy Industries Minister H D Kumaraswamy said
  • Embraer in talks with IndiGo, Air India; sees lot of opportunities in India

    The company is in talks with IndiGo and Air India to explore the possibility of selling its E-2 aircraft, which can have up to 146 seats
  • Real cost of flying 40 per cent lower than a decade ago: IATA

    At the IATA annual general meeting, which is taking place in India after 42 years, Walsh also said the rate of growth in the airline industry has slowed down as a result of supply chain issues
  • Over 6.1 cr Indian farmers have have digital IDs similar to Aadhaar card linked to land records

    Created under Agri Stack as part of the Digital Agriculture Mission, these IDs are maintained by the State Governments/ Union Territories
  • RBI Monetary Policy Committee likely to go for 25 bps rate cut on June 6 as inflation cools

    The Central Bank is projected to cut the repo rate by another 50 basis points (bps) this fiscal (FY26), after the 50 bps cut until April this year
  • Tesla not interested in manufacturing electric cars in India: Kumaraswamy

    Tesla is not interested in manufacturing cars in India but keen on establishing showrooms in the country, Union Heavy Industries Minister H D Kumaraswamy said
  • Centre unveils new scheme to make India global hub for making electric cars

    According to the notification, the maximum number of EVs to be imported under this scheme will be such that the maximum duty foregone per applicant will be limited to Rs 6,484 crore
  • RBI says Rs 2000 notes worth Rs 6,181 crore still in circulation

    Rs 2000 banknotes continue to be legal tender. On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2000 denomination banknotes from circulation
  • Royal Enfield sales jump 26 per cent to 89,429 units in May

    RE reported a 26 per cent jump in total sales at 89,429 units in May, as compared to 71,010 units in the same month last year
  • Hyundai sales decline 8 per cent in May at 58,701 units

    The company's total sales stood at 63,551 units in May last year, Hyundai Motor India Ltd (HMIL) said in a statement
  • India to raise issues on agriculture, fisheries, investment facilitation during WTO meet on June 3 in Paris

    The mini-ministerial meeting will be held on the margins of the OECD (Organisation for Economic Co-operation and Development) Ministerial Council Meeting in Paris
  • Kia India dispatches up 14 per cent at 22,315 units in May

    Kia India reported a 14 per cent year-on-year increase in dispatches to dealers in the domestic market
  • Gross GST collections rise 16.4 per cent to over Rs 2.01 lakh crore in May

    In May, gross revenues from domestic transactions rose 13.7 per cent to about Rs 1.50 lakh crore, while GST revenue from imports grew 25.2 per cent to Rs 51,266 crore
  • Govt reduces APM gas price for first time in 2 years

    The price of natural gas from legacy fields allocated to state-owned ONGC without auction has been reduced from USD 6.75 to USD 6.41 per million British thermal units (mmBtu)
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