BUSINESS

New Delhi, Aug 6 — Finance Minister Nirmala Sitharaman on Thursday hit back at senior Congress leader Jairam Ramesh over his criticism of the Taxation and Other Laws (Amendment) Bill, 2026, saying he should refrain from "spreading a canard" about the proposed changes related to UPI…

New Delhi, Aug 6 — The target of making India a developed country by 2047 was achievable, but it would require rapid reforms, NITI Aayog Vice-Chairman Ashok Kumar Lahiri said on Thursday.Addressing an event organised by the National Council of Applied Economic Research (NCAER), Lahiri said the…

New Delhi, Aug 6 — Microsoft on Thursday announced the general availability of its India South Central cloud region in Hyderabad, strengthening its cloud and artificial intelligence infrastructure in the country. The new facility expands Microsoft's presence to four cloud regions in India and comes…

Patna, Aug 6 — In a major push to accelerate industrial development in Bihar, the state government on Thursday signed Memorandums of Understanding (MoUs) worth around Rs 51,600 crore with several leading industrial groups from across the country. The agreements were signed in the presence of Chief…

New Delhi, Aug 6 — The Parliament has passed the Appropriation (No. 3) Bill, 2026, which seeks to authorise expenditure from the Consolidated Fund of India towards excess spending incurred during the financial year ended on March 31, 2023, with the Rajya Sabha returning the legislation to the Lok…

New Delhi, Aug 6 — BRICS nations have a unique opportunity to strengthen manufacturing competitiveness, deepen technological collaboration, build resilient value chains and promote sustainable industrial growth, Union Commerce and Industry Minister Piyush Goyal said on Thursday.Addressing the BRICS…

New Delhi, Aug 6 — The Reserve Bank of India on Thursday included Tata Sons in its list of 17 "upper layer" non-banking financial companies (NBFCs), a category that faces stricter regulatory requirements, which also require public listing.The RBI said the classification would not affect ⁠Tata Sons'…

Mumbai, Aug 6 — Varroc Engineering on Thursday reported a 26.5 per cent year-on-year (YoY) decline in consolidated net profit for the June quarter (Q1 FY27), as margin pressure and an exceptional item weighed on earnings despite robust growth in revenue and operating profit. The auto technology…

New Delhi, Aug 6 — The Life Insurance Corporation of India (LIC) posted a robust 22.8 per cent increase in net profit at Rs 13,492 crore for the first quarter (April-June) of the current financial year, compared with Rs 10,987 crore in the same period last year.The strong performance came on the…

New Delhi, Aug 6 — The Commerce Ministry on Thursday refuted claims in the media suggesting that India is importing and intends to import large quantities of ethanol from the United States (US) for fuel blending, terming them "baseless and factually incorrect".As per the domestic policy framework,…

New Delhi, Aug 6 — The Centre has enacted or strengthened rules including IT Rules to curb AI‑generated deepfakes, and reduced timelines for removal of unlawful content, an official statement said on Thursday.Intermediaries are now required to take down unlawful information upon intimation within…

New Delhi, Aug 6 — Union Minister of State for Science & Technology, Earth Sciences Dr. Jitendra Singh on Thursday said that the Human Rated Launch Vehicle (HLVM3) has completed the development and ground testing of all propulsion stages and structures.India's first human spaceflight mission,…

New Delhi, Aug 6 — The Union government is set to continue its engagement with Meta in the coming days, with discussions expected to focus on the functioning of the social media giant's recommendation algorithms and content moderation systems as India steps up oversight of digital platforms.The…

New Delhi, Aug 6 — The National Highway Authority of India (NHAI) has turned up the heat on the construction agency over a string of gaps and lapses on the Lucknow-Kanpur Expressway and has taken action against the concessionaire and several officials of the agency, including the project director.…

New Delhi, Aug 6 — The Committee on Public Undertakings (CoPU), headed by BJP MP and Vice President Baijayant Jay Panda, presented six reports in Parliament on Thursday on the performance of Central public sector companies and recommendations to improve their efficiency. The reports included a…

Mumbai, Aug 6 — Sula Vineyards, one of India's largest wine producers, on Thursday reported a sharp decline in profitability for the first quarter, with net profit falling 45 per cent year-on-year (YoY) amid weaker operating performance and margin contraction.The company posted a net profit of Rs…

New Delhi, Aug 6 — China’s decision to impose a 20 per cent tax on offshore trusts has set off a scramble among the country's ultra-rich families, trustees and advisers in Hong Kong and Singapore to raise cash to pay outstanding amounts, a new report has said.These families are in a rush to assess…

Mumbai, Aug 6 — Real estate developer Signature Global on Thursday reported a consolidated net loss of Rs 16.5 crore for the first quarter of the current financial year (Q1 FY27), compared with a net profit of Rs 34.4 crore in the corresponding quarter last financial year (Q1 FY26).The company's…

New Delhi, Aug 6 — India's Digital Public Infrastructure (DPI) framework is increasingly emerging as a tool of international engagement with using its technology platforms to deepen cooperation with countries across the Global South while positioning itself at the intersection of digital governance…

New Delhi, Aug 6 — The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Thursday approved the development of a 135.871 km, 4-lane access-controlled Guwahati-Tezpur corridor of National Highway 15 in Assam, with the project to be developed on Built-Operate -Transfer…