Business

August 30, 2025 9:20 PM

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Govt extends Export Obligation Period to provide relief to textile exporters

    The Government has extended Export Obligation Period from 6 months to 18 months for products under Advance Authorisation scheme to provide relief to textile exporters. The extension of Export Obligation is particularly for products subjected to mandatory Quality Control Orders issued by the Depa...

August 30, 2025 7:58 PM

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US stocks declined sharply

    US markets declined yesterday. The S&P 500 fell from record highs after Dell, Nvidia and other AI-related stocks fell sharply, and inflation data showed tariffs have started pinching prices. The S&P 500 declined 0.6% to end the day at 6,460, a day after notching a record-high close. The ...

August 30, 2025 5:44 PM

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Indian industry welcomes growth figures of Indian GDP

  Industry bodies, Economists and Experts across the country have welcomed the growth figures of Indian GDP. Expressing their views on the Country's GDP growth, all have lauded the government's efforts to achieve this growth.  CEO and Secretary General of PHDCCI, Dr. Ranjeet Mehta, said that India's...

August 29, 2025 10:12 PM

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India’s GDP Grows 7.8% in Q1 FY26, Highest in Five Quarters

India's real Gross Domestic Product (GDP) is estimated to grow by 7.8 per cent in the April to June quarter of the financial year 2025-26, at a five-quarter high. In the fourth quarter of the last financial year, the GDP had grown by 7.4 per cent, whereas the same stood at 6.5 per cent in the first ...

August 29, 2025 11:16 AM

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Former RBI Governor Urjit Patel appointed as executive director at IMF

Former Reserve Bank of India (RBI) Governor Urjit Patel has been appointed as executive director at the International Monetary Fund(IMF), according to a Ministry of Personnel order. The order by the Appointments Committee of the Cabinet gave its nod to the appointment of Patel as the Executive Direc...

August 28, 2025 9:53 PM

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Oil prices down

The Crude oil market is trading in negative territory today. Brent Crude was trading almost 0.1 per cent down at 67 dollars and 92 cents per barrel, and WTI Crude was also trading nearly 0.2 per cent down at 64 dollars and 7 cents per barrel, when reports last came in.

August 28, 2025 10:01 PM

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Major Asian markets up

 Major Asian stock markets increased today. Shanghai Composite Index surged 1.1 percent, Japan’s Nikkei 225 increased up by 0.7 per cent, South Korea’s Kospi Index advanced 0.3 per cent, Singapore’s Straits Times Index ended up with 0.2 per cent .On the other hand Hong Kong’s Hang Seng index slipped...