Business

New Delhi: The benefits of lower duty access for passenger vehicles will flow to European Union’s “traditional” carmakers, providing further comfort to domestic players as the market opening up is for vehicles priced above Rs 25 lakh and for specific numbers.Under the agreement, India will grant an annual quota of 1.6 lakh diesel and petrol…

Indian economy grows at robust pace (AI image) The Economic Survey 2025-26 has pegged India’s real GDP growth for FY 2026-27 at 6.8-7.2%, stressing that the economy continues to exhibit resilience. Robust domestic demand has been identified as the main pillar of growth, especially at a time when global economic conditions remain uncertain.“The paradox of…

The Indian rupee underperformed in 2025. (AI image) The Indian rupee was the worst performing Asian currency in 2025 and has started 2026 on a poor note, hitting a lifetime low of 92 versus the US dollar. What’s causing the slide, and is it reflective of any underlying issues? The Economic Survey 2025-2026 sheds light…

Rupee continued its fall on Thursday, sliding to 92 mark against the US dollar. The currency has been in constant pressue due to persistent demand for the greenback and a cautious global market.According to currency dealers, the domestic unit was dragged down after the dollar index rebounded from multi-year lows, following the US Federal Reserve’s…

IndiGo CEO says December disruptions lasted only ‘three days’ NEW DELHI: After lakhs of IndiGo passengers were left stranded in December, CEO Pieter Elbers, in a first press interaction after the flight disruption last month, said that the airline failed its customers ‘for three days’.When the media pointed out that the disruptions went on for…

By Agneshwar SenThe conclusion of the India–European Union Free Trade Agreement marks a defining moment in India’s contemporary trade diplomacy. Beyond tariff schedules and market access gains, the agreement signals a conscious shift in India’s approach to economic integration—away from the instinctive caution that has shaped its trade policy for much of the past decade,…

The Court reasoned that the bottleneck in a 65-kilometre stretch of five kilometres could cripple the whole stretch. (AI image) In a reaffirmation of the rights of citizens in response to the administrative negligence, the Supreme Court on 18.08.2025, determined that no tolls should be charged on roads marked by potholes, traffic jamming, and permanent…

New Delhi: The country’s industrial output growth soared to a 26-month high in Dec, led by robust expansion in manufacturing and a rebound in mining and electricity, marking the second month of over 7% growth.Data released by the National Statistics Office (NSO) on Wednesday showed the index of industrial production (IIP) rose by 7.8% in…

NEW DELHI: Commerce and industry minister Piyush Goyal on Wednesday strongly rebutted Congress leader Jairam Ramesh’s criticism of the India-European Union free trade agreement (FTA), questioning the opposition’s credibility and defending the pact as a landmark, win-win economic deal that could unlock major growth and employment opportunities for India.Responding to an X post by Ramesh…

New Delhi: India has agreed to allow EU banks to open 15 branches over four years, while binding foreign direct investment in insurance at 100%, the newly liberalised ceiling, in return for a more stable visa regime for its employees and professionals working in member countries.A relaxation on bank branches was not given to the…