Business

CEA Nageswaran clarified India’s non-participation in initiatives to create an alternative to the US dollar, emphasizing the nation’s economic resilience. Despite global trade tensions, India anticipates FY26 GDP growth in the 6.3–6.8 per cent range. Structural reforms, fiscal discipline, and a focus on innovation are key to India’s continued economic stability and growth.

The Cabinet Committee has approved the doubling of the Bhagalpur–Dumka–Rampurhat railway line, a 177 km project spanning Bihar, Jharkhand, and West Bengal, with an estimated cost of Rs 3,169 crore. This initiative aims to enhance mobility, reduce congestion, and boost infrastructural development, benefiting approximately 28.72 lakh people across five districts and supporting an additional 15…

US Ambassador Matthew Whitaker claimed Russia’s Ukraine operations are funded by oil sales to India, China, and Brazil, urging sanctions. India faces new tariffs amid accusations of benefiting from discounted Russian oil, which MEA has called unjustified. Despite tensions, Trump anticipates talks with Modi, signaling continued US-India dialogue on trade.

The CCEA has approved the construction of a 4-lane greenfield access-controlled Mokama–Munger section of the Buxar–Bhagalpur high-speed corridor in Bihar, costing Rs 4,447.38 crore. This 82.4 km project, built on Hybrid Annuity Mode, will reduce travel time to 1.5 hours and boost industrial activity in eastern Bihar, generating significant employment opportunities.

In a remarkable blend of technology and nature, Tata Electronics’ ambitious semiconductor plant in Assam encounters an unexpected challenge: local elephants. These majestic creatures pose a risk to the precision manufacturing of chips. To address this, authorities are constructing a sturdy ‘elephant-proof’ barrier, with the support of the state. Furthermore, wildlife experts are safely relocating…

Gold rate today: Gold prices experienced a downturn, falling below Rs 1.09 lakh per 10 grams in domestic futures trading after reaching record highs. Profit-taking and weaker international markets contributed to the decline.

India’s pilgrimage travel sector is on a remarkable upswing, with accommodation reservations soaring by 19% in FY24-25. MakeMyTrip highlights impressive double-digit growth across 34 hotspots, largely influenced by short stays and group excursions. Iconic pilgrimage sites like Varanasi and Tirupati remain popular, but lesser-known gems like Khatushyam Ji are also gaining a following.

Urban Company’s IPO, aiming to raise Rs 1,900 crore, witnessed full subscription within the first hour, fueled by strong retail investor interest. The IPO comprises a fresh issue and an offer-for-sale from existing investors. Brokerages suggest a long-term investment approach, highlighting Urban Company’s dominance in the home services market and growth potential.

Fitch Ratings has revised India’s FY26 GDP growth forecast upwards to 6.9%, citing strong domestic demand and easing financial conditions. Despite short-term trade uncertainties with the US, a trade deal is anticipated. India’s economic momentum is robust, with significant growth in the service sector and consumption expenditure.

Rapido, initially known for bike taxis, has overtaken Uber and Ola in India’s ride-hailing market, driven by its two-wheeler dominance. Uber CEO acknowledges Rapido as tougher competition, prompting fare cuts and a driver subscription model. While Uber leverages its financial strength to compete, Rapido focuses on sustainable growth despite cash burn.