BUSINESS
Govt Pushes Forward with IDBI Bank Stake Sale in FY26
In a unique interview to NDTV Profit, Chawla stated, "The focus is still on steady implementation and value creation for the long run regardless of vagaries in the global economic conditions."
India's Cotton Yarn Sector Set for 9% Growth in FY26 Amid Export Recovery and Policy Support
The rise in revenues will be driven mainly by volumes, aided by a slight increase in the price of yarn, the report added.
CEA Nageswaran Says Economic Indicators Reflect Strong Performance by Indian Economy
Speaking during an interaction with an audience at Ashoka University, Nageswaran stated, "India's economy is in good shape despite challenging global environment. While the final number for FY25 will be available in May, current indicators suggest we are progressing well."
India Opposes Pakistan Loan; Parameswaran Iyer to Voice Concerns at Upcoming IMF Meeting
This follows the sudden removal of Krishnamurthy Subramanian from his position at the IMF, even when he had six months left on his term.
India Halts All Imports from Pakistan Amid Escalating Tensions
The Commerce Ministry had issued a notification to the effect, "Direct or indirect import or transit of all goods originating in or exported from Pakistan, whether or not freely importable or otherwise allowed, will be prohibited with immediate effect, until further orders."
India’s Forex Reserves Cross $688 Billion Milestone
The foreign exchange portion of the reserves increased, rising by $2.17 billion to $580.66 billion. Gold reserves, however, went down by $207 million to $84.37 billion, while Special Drawing Rights (SDR) increased by $21 million to $18.59 billion.
Swiggy Shares Plunge Over 43% in 2025, Hit 52-Week Low
The stock of the company has been facing consistent pressure downwards, with a 5.4% fall being recorded over the last three sessions—indicating increasing investor worry.
Export Demand Drives India's Manufacturing Activity to 10-Month High
A PMI reading above 50 signals expansion, while a score below that threshold indicates a contraction in manufacturing activity.
Record GST collection showcases resilience of Indian economy, Says FM Sitharaman
April's total GST collection was Rs 2.36 lakh crore, a 12.6% rise compared to April 2024's Rs 2.10 lakh crore. April 2025 net GST collection was Rs 2.09 lakh crore, a 9.1% increase compared to Rs 1.92 lakh crore collected in April 2024.
India's media & entertainment industry to reach $100 bn within next decade, Says Mukesh Ambani
Addressing the opening session of the WAVES 2025 conference, Ambani underscored that the intersection of storytelling and advanced digital technology is a potent economic and cultural force for the country.
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