Category: Business

Business

I&B Ministry’s Live Events Development Cell to support expansion of ‘concert economy’

January 3, 2026 admin

Indo-Canadian rapper AP Dhillon performs during a concert as part of his ‘One of One – India Tour’, in Mumbai on Decemeber 26, 2025 | Photo Credit: PTI The Information and Broadcasting Ministry has established a Live Events Development Cell (LEDC) to facilitate the expansion of the “concert economy”, boosting employment and tourism in the…

Business

Tesla sales slip as it loses EV crown to China’s BYD in 2025

January 3, 2026 admin

A day prior, BYD said that it sold 2.26 million EVs last year [File] | Photo Credit: AP Tesla’s sales fell in 2025, the company reported Friday, ceding its position as the world’s biggest electric vehicle maker for the year to Chinese auto giant BYD. The American company led by Elon Musk logged 418,227 deliveries…

Business

Unenviable choice: On the government’s fiscal policy space

January 2, 2026 admin

The Goods and Services Tax (GST) revenue of ₹1.74 lakh crore in December 2025 confirms just how narrow the government’s fiscal policy space is. The December data reflect the economic activity in November, the second month under the new, reduced GST rates. December’s revenues were marginally higher than the ₹1.7 lakh crore collected in November….

Business

Tesla sales slip as it loses EV crown to China’s BYD in 2025

January 2, 2026 admin

BYD reported that it sold 2.26 million EVs last year. File | Photo Credit: Reuters Tesla on Friday (January 2, 2026) reported lower sales than expected in the fourth quarter of 2025, ceding its position as the world’s biggest electric vehicle company in annual sales to Chinese auto giant BYD. The American company led by…

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IT Ministry approves 22 more firms for component incentives

January 2, 2026 admin

Image used for representation | Photo Credit: Getty Images/iStockphotos The Ministry of Electronics and Information Technology (MeitY) approved 22 new projects under the ₹22,919 crore Electronics Component Manufacturing Scheme (ECMS), under which firms making electronics parts will receive payouts based on incremental production and employment. The projects approved under Friday’s tranche amount to a combined…

Business

Forex reserves jump $3.293 billion to $696.61 billion

January 2, 2026 admin

Forex reserves jump .293 billion to 6.61 billion

The overall kitty had increased by $4.368 billion to $693.318 billion in the previous reporting week. File | Photo Credit: Reuters India’s forex reserves jumped by $.293 billion to $696.61 billion in the week to December 26, the RBI said on Friday (January 2, 2026). The overall kitty had increased by $4.368 billion to $693.318…

Business

Govt announces two more credit-linked schemes under Export Promotion Mission

January 2, 2026 admin

Image used for representational purpose only. | Photo Credit: Getty Images/iStockphoto The government on Friday (January 2, 2026) launched two new components of the Export Promotion Mission (EPM) aimed at easing and reducing the cost of the credit access process for exporters. This comes days after the Ministry of Commerce and Industry notified guidelines for…

Business

Nifty hits record intraday high; Sensex jumps 573 points on gains in power, banking stocks

January 2, 2026 admin

Mumbai, India – December 4, 2018: The BSE (formerly Bombay Stock Exchange) is Asia’s oldest stock exchange. | Photo Credit: th-online Administrator Equity benchmark index Nifty hit its lifetime peak before closing 182 points higher on Friday (January 2, 2026) and the BSE Sensex jumped 573 points, powered by strong buying in power, banking and…

Business

Rupee slips past 90-level mark, settles 22 paise down at 90.20 against U.S. dollar

January 2, 2026 admin

Image used for representation purpose only | Photo Credit: Getty Images/iStockphoto The Indian rupee slipped below the 90-mark and settled the day lower by 22 paise at 90.20 (provisional) against the U.S. dollar on Friday (January 2, 2026), amid disappointing macroeconomic data and strengthening of the American currency in overseas markets. Forex traders said persistent…

Business

Adani Total Gas cuts CNG, piped gas prices after PNGRB tariff reset

January 2, 2026 admin

Adani Total Gas Ltd (ATGL), the city gas joint venture of Adani Group and French giant TotalEnergies, has cut prices of CNG and natural gas piped to household kitchens for cooking across multiple markets, delivering direct relief to them and motorists. CNG and domestic piped natural gas prices have been cut by up to ₹4,…

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