BUSINESS
India Targets $1 Trillion in Exports by FY26, Says FIEO
This figure is likely to be led by merchandise exports valued at $525-535 billion—a growth of approximately 12 percent from last year—and services exports at $465-475 billion, with almost 20 percent growth.
BSNL Posts Consecutive Quarterly Profits for the First Time in 18 Years
In the last quarter of the previous fiscal year, BSNL had reported a loss of Rs 849 crore. The company has reduced its losses by 58 percent for the whole financial year 2024-25 to Rs 2,247 crore from Rs 5,370 crore in FY24.
India Emerges as Top Choice for Global Family Office Investments, Overtaking China
The study reveals that 28% of family offices plan to increase their investments in India over the coming year, while 18% intend to boost their exposure to China. This trend reflects India's strong macroeconomic fundamentals and solid domestic growth prospects.
Russia will not 'roll out red carpet' for McDonald’s, Says Vladimir Putin
McDonald's exited Russia in 2022 following Western sanctions as a reaction to the war between Ukraine and Russia. The company sold its Russian business to a domestic investor who had been a franchisee since 2015 and operated 25 restaurants in Siberia.
Zepto CEO Accuses Competitor's CFO of Spreading False Information to Investors
On LinkedIn, Palicha called the campaign one that entailed "calling our investors to make outrageous claims on us with no empirical data, distributing fake numbers/Excel sheets on Zepto via sources familiar with journalists, and hiring social media bots to propagate a smear campaign."
India's Fiscal Deficit to Ease by 0.15% of GDP Following RBI's ₹2.69 Lakh Crore Dividend
This is the third consecutive year in which the actual dividend has exceeded the initially budgeted figure, yielding an additional fiscal stimulus of 0.15 percent of GDP.
HSBC: Low Inflation to Strengthen India’s Purchasing Power and Fiscal Health
Though higher real purchasing power and lower input costs are the more direct impacts, the report also points to an important less-obvious upside—fiscal balance relief for the government.
India Overtakes Japan to Secure Fourth Position in Global Economy: NITI Aayog CEO
"We are the fourth largest economy as I speak. We are a $4 trillion economy, and this is not my data. This is data of the International Monetary Fund (IMF). India today is larger than Japan," Subrahmanyam said on Saturday, speaking at the media after the 10th meeting of the NITI Aayog Governing Council concluded.
Government Confirms 8.25% Interest Rate on PF Deposits for FY 2024-25
Earlier this February, the Employees' Provident Fund Organisation (EPFO) had declared that it would maintain the EPF interest rate unchanged at 8.25% for FY25. This was done in a meeting of the EPFO's Central Board of Trustees, which took place in the national capital.
India’s Ambassador to UAE Highlights Growing GCC Backing for India’s Counter-Terrorism Initiatives
Ambassador Sudhir appreciated the recent visit of the all-party delegation headed by Shrikant Shinde, which he termed as very successful in communicating India's stand on the issue.
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