business

India is considering allowing foreign investment in inventory-based e-commerce, but strictly for export purposes. This move aims to boost outbound trade without impacting domestic retailers. The proposal, under examination by the DPIIT, seeks to leverage e-commerce for global reach, potentially unlocking significant growth in India’s currently modest $2 billion e-commerce exports.

McDonald’s has launched a millet bun burger in India, a move hailed by the government as a “vindication” of Prime Minister Narendra Modi’s “Millet movement.” The burger utilizes indigenous technology developed by a Mysore-based institute, showcasing Indian innovation in traditional nutrition and global food trends.

Akasa Air is eyeing international expansion, with Kenya, Ethiopia, and Egypt on the radar. The airline’s CEO confirmed Boeing aircraft are capable of reaching these East African nations. Akasa plans to announce new routes soon, bolstering its international presence and aiming for a significant increase in its international seat capacity by 2027.

India’s FY26 fiscal targets face challenges as corporate and income tax collections lag behind expectations. Despite a robust capital expenditure push, the government’s reliance on strong tax revenues is being tested. While non-tax revenues, boosted by RBI dividends, offer support, softer direct tax collections and potential GST rate reductions could impact the fiscal deficit goal.

Indian equities are poised for an eventful, holiday-shortened week driven by quarterly earnings from major companies like Bharti Airtel and State Bank of India, alongside crucial macroeconomic data. Analysts will closely monitor manufacturing and services PMI readings for domestic growth cues and global trends, with FII activity also a key factor.

Foreign portfolio investors resumed buying Indian equities in October, injecting Rs 14,610 crore after a three-month selling spree. This inflow follows significant withdrawals triggered by US tariffs, yet Indian markets have remained resilient, buoyed by strong domestic economic indicators and expectations of a trade agreement.

India’s fuel demand showed a mixed picture in October, with petrol sales reaching a five-month high driven by festival travel. However, diesel consumption failed to see a festive boost, remaining slightly below last year’s levels. Other fuels like aviation turbine fuel and LPG continued to experience positive growth.

India’s first-ever geological carbon dioxide storage well is now being drilled by NTPC at its Jharkhand coal mine. This pioneering effort by NTPC’s R&D arm is a significant step towards the nation’s net-zero goals, aiming to safely store CO2 deep underground. The project will gather crucial data to assess rock formations for long-term carbon sequestration,…

State Bank of India has made its first gold trade on the India International Bullion Exchange. This move marks a significant step in improving India’s gold import system. SBI’s new status as a special category client will help jewellers and other businesses conduct gold transactions more easily. This initiative aims to make gold imports more…

Warren Buffett’s Berkshire Hathaway saw a significant 17% profit jump, fueled by a robust insurance sector and strong investment returns. Despite the legendary investor’s upcoming transition to Vice Chair Greg Abel in January, the conglomerate’s operating profit soared. This impressive performance, even with a dip in utilities, highlights Berkshire’s continued financial strength.