India’s economic outlook for FY27 has received a modest upgrade from the World Bank, which now expects the country’s GDP to grow at 6.6%, up from its earlier estimate. The revision reflects continued strength in domestic consumption and export performance. Despite the improved projection, the global lender cautioned that economic momentum may ease compared to…
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Mumbai, April 8: TV Narendran has warned that ongoing conflicts in West Asia are contributing to higher costs for the steel industry, particularly affecting raw material imports and energy prices. Narendran highlighted that disruptions in crude oil and natural gas supply chains are directly influencing operational costs for steel manufacturers across India. He noted that…
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New Delhi, April 8: Union Minister for Road Transport and Highways Nitin Gadkari has spearheaded a new initiative under the National Highways Authority of India to develop ‘Arogya Van’, a project focused on planting medicinal trees across vacant land parcels along National Highways. The initiative aims to integrate ecological sustainability with infrastructure development by creating…
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Mumbai, April 7, 2026: Indian banks are projected to record healthy growth in the fourth quarter of FY26, driven by strong credit demand and steady deposit mobilisation, according to an industry outlook by Nuvama. However, the report pointed out that margin pressures, elevated risks, and cost challenges could temper overall profitability and performance in the…
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Mumbai, April 7, 2026: Indian equity markets witnessed a strong yet volatile trading session, with the benchmark indices posting notable gains. The BSE Sensex jumped over 500 points, while the NSE Nifty reclaimed the crucial 23,000 mark, reflecting renewed buying interest across key sectors. The rally was primarily led by gains in information technology and…
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New Delhi, April 6, 2026: India’s economic growth for the fiscal year 2026-27 is expected to moderate to 6.8-6.9%, according to a recent report from the Finance Ministry. Analysts attribute the downgrade to disruptions in energy supply, rising fuel prices, and lingering impacts of global geopolitical tensions affecting trade and logistics. The report highlights that…
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New York, April 2, 2026: Gold prices witnessed a sharp decline on Thursday after US President Donald Trump indicated that military operations against Iran would continue, dampening investor sentiment and triggering a broad sell off in precious metals. Spot gold dropped around 2.8 percent to nearly $4,622 per ounce, while US gold futures slipped by about…
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New Delhi, March 30, 2026: Maruti Suzuki has launched a new service initiative called Quickstop, introducing compact container based service units across major cities to make vehicle maintenance quicker and more convenient. These specially designed units are built using modified containers and equipped to handle routine servicing and minor repairs. The initiative is focused on…
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New Delhi, March 30, 2026: Revenue growth of construction companies in India is expected to improve to around six to eight percent in the financial year 2026 to 2027, according to a report by ICRA, indicating a stable yet moderated outlook for the sector. The report suggests that while the industry continues to benefit from…
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New Delhi, March 28: The Central Board of Indirect Taxes and Customs conducted an outreach session in the national capital to familiarise manufacturer importers with the advantages of the Duty Deferment Scheme, aiming to streamline import processes and improve liquidity for businesses. Officials explained that the initiative is designed to allow eligible importers to delay…
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