Business News

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Forging the Future of Freight Mobility with 9,000 HP Electric Locomotive

Gujarat, 27 May:  Indian Railways has taken a major leap in freight mobility with the dedication of the Loco Manufacturing Shop at the Rolling Stock Workshop in Dahod, Gujarat by Hon’ble Prime Minister Shri Narendra Modi. This moment marked a pivotal milestone in the ongoing transformation of freight transport. The facility, designed to produce 1,200…

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Nifty, Sensex Bounce Off Day’s Lows in Volatile Trade

New Delhi : NSE Nifty Defence index emerged as the lone gainer on Monday, offering a glimmer of strength amid overall market weakness. The sectoral index bucked the broader trend, with Hindustan Aeronautics Ltd. (HAL) leading the rally, supported by optimism surrounding India’s growing focus on defence indigenisation and export orders. Hindustan Aeronautics Ltd. (HAL)…

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Government Restores RoDTEP Benefits for AA, SEZ, and EOU Exports

NEW DELHI, 27 MAY: The Government of India has announced the restoration of benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for exports made by Advance Authorization (AA) holders, Export-Oriented Units (EOUs), and units operating in Special Economic Zones (SEZs). The benefits will be applicable for all eligible exports made…

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Project Management Group, DPIIT reviews Mega Infrastructure Projects in Andhra Pradesh and Tamil Nadu

NEW DELHI, 26 MAY: A high-level review meeting of the Project Monitoring Group (PMG) was held on Tuesday to address key issues impacting mega infrastructure projects in Andhra Pradesh and Tamil Nadu. The deliberations focused on resolving critical inter-ministerial and inter-governmental bottlenecks through coordinated efforts, with the aim of accelerating project implementation across both states.…

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India Participates in 9th BRICS Industry Ministers’ Meeting in Brasília

NEW DELHI, 26 MAY: India participated in the 9th BRICS Industry Ministers’ Meeting held under the Chairship of Brazil on 21st May 2025 at the Itamaraty Palace, Brasília – Federal District. The overarching theme of the meeting was “Strengthening Global South Cooperation for More Inclusive and Sustainable Governance”. The meeting witnessed the presence of Industry…

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Walmart Layoffs Put Spotlight on Bengaluru-Born Tech Chief Suresh Kumar

California | May 25, 2025- As Walmart initiates a significant restructuring drive affecting over 1,500 roles in its global tech workforce, all eyes are on its Chief Technology Officer, Suresh Kumar — a Bengaluru native whose career journey spans some of the world’s most influential tech giants. Currently based in Sunnyvale, California, Kumar is the…

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Wipro CEO’s Pay Overshadows Chairman Rishad Premji’s in FY25

Bengaluru: In a surprising turn at the top of Wipro’s leadership, newly appointed CEO and MD Srinivas Pallia outpaced Executive Chairman Rishad A Premji in total earnings during the financial year 2024–25, according to the company’s latest filings. Pallia’s total remuneration stood at USD 6.28 million—almost four times higher than Premji’s USD 1.61 million. The…

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India, U.S. Move Closer to Trade Pact as Piyush Goyal Meets U.S. Commerce Secretary in Washington

New Delhi, May 23, 2025 :  In a significant step toward strengthening economic ties between India and the United States, Union Commerce and Industry Minister Piyush Goyal met with U.S. Commerce Secretary Howard Lutnick in Washington, D.C., on Thursday. The high-level meeting is part of ongoing efforts to finalize a proposed Bilateral Trade Agreement (BTA),…

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Sensex, Nifty Climb on Strong Gains in IT and FMCG Sectors

New Delhi : In a remarkable turnaround, India’s benchmark indices — the BSE Sensex and NSE Nifty — staged a sharp rebound on Friday, driven primarily by strong buying in blue-chip IT stocks and FMCG giant ITC. The Sensex soared by 953.18 points, or 1.27%, to close at 75,410.39, while the Nifty climbed 299.35 points,…

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India, US Close to Agreement on Reducing Trade Hurdles

Washington, May 22: India and the United States are reportedly in the final stages of negotiations to sign a strategic trade agreement aimed at easing longstanding trade barriers between the two nations. This development marks a significant step forward in strengthening bilateral economic ties and enhancing mutual market access in key sectors such as technology,…

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