Business

NEW DELHI: Govt on Saturday said that it has opened a four-month window for states to apply for setting up the first 50 industrial parks under the Rs 33,660 crore Bharat Audyogik Vikas Yojna (Bhavya) scheme.Over six years, starting from the current fiscal, the scheme provides for the setting up of 100 plug-and-play industrial parks…

As the Middle East conflict continues to strain global energy supplies, the government is pushing for faster expansion of piped natural gas (PNG) connections across the country. But the plan is facing a major hurdle. A shortage of certified gas plumbers has slowed the rollout, with city gas distribution (CGD) companies currently adding only 8,000-10,000…

What happens in the Strait of Hormuz does not stay in the Strait of Hormuz. The US-Iran war may be centred in the Middle East, but its economic tremors are now rattling wallets across America. As tensions escalated and the crucial oil route came under pressure, fuel prices began their wild ride, pushing inflation higher,…

US Secretary of State Marco Rubio emphasised Washington’s intent to prevent geopolitical disruptions from distorting global energy markets, as tensions linked to the Iran conflict continue to affect oil supply routes and pricing dynamics.During discussions on energy security, Rubio’s office, quoted by Reuters, stressed that the US sees energy exports as a key instrument in…

IT stocks crash (AI image) Globally technology sector stocks are leading stock market rallies. In India, the picture is the opposite. The Nifty IT index has dropped around 23% since the start of the year, sharply underperforming the broader market decline of around 10%. In fact, ⁠IT has been the worst-performing major sector in the…

The Iran war is affecting money flows from overseas Indians, with NRIs withdrawing nearly $2 billion more than they deposited in Indian bank accounts in March, according to Reserve Bank of India (RBI) data. The total value of NRI deposits with Indian banks fell to $165.65 billion at the end of March from $167.58 billion…

MUMBAI: RBI stepped up dollar sales in FY26 to manage exchange rate volatility. The central bank recorded a total net sale of $53.1 billion over the course of the fiscal year an increase of $12 billion compared to net sales of $41.1 billion in FY25. Despite temporary periods of dollar accumulation, the central bank maintained…

NEW DELHI: Gross foreign direct investment (FDI) grew 16.7%, its fastest pace of expansion in six years, to a record $94.5 billion in 2025-26, helping reverse the four-year falling trend of net FDI.Net FDI was estimated at $7.7 billion during the last financial year, compared with under $1 billion in the previous year. After excluding…

NEW DELHI: Compressed Natural Gas (CNG) prices were increased by Re 1 per kg on Saturday, marking the third hike in less than 10 days amid rising global energy prices linked to the ongoing West Asia conflict and disruptions around the Strait of Hormuz.With the latest revision coming into effect immediately, CNG in Delhi will…

MUMBAI: Domestic economic activity exhibited resilience in April, with industrial and services sectors maintaining strength across several segments, even as global uncertainties and geopolitical tensions continued to cast a shadow, RBI said in its latest State of the Economy article.At the same time, the central bank struck a note of caution, stating that “India’s near-term…