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India’s forex reserves jumped by $10.512 billion to $692.866 billion during the week ended July 31, the RBI said on Friday (August 7, 2026). The overall kitty had jumped by $6.118 billion to $682.354 billion in the previous reporting week. Reserves had expanded to an all-time high of $728.494 billion during the week ended February…
Read More “India’s forex kitty swells by $10.5 bn to $692.87 billion” »
Image used for representational purposes only. Photo: Special Arrangements Two-wheeler maker Hero MotoCorp Ltd. has reported a 16.86% decline in consolidated profit after tax to ₹1,417.93 crore in the first quarter ended June 30 due to high base effect. The company had posted a consolidated net profit of ₹1,705.65 crore in the corresponding period of…
Read More “Hero MotoCorp Q1 PAT down 16.86% at ₹1,417.93 crore” »
Secy Dept of Economic Affairs, Ministry of Finance, Anuradha Thakur. File | Photo Credit: R.V. Moorthy The Finance Ministry is reviewing its Model Bilateral Investment Treaty to make it investor-friendly and will approach the Cabinet for approval soon, Economic Affairs Secretary Anuradha Thakur said on Friday (August 7, 2026). “The BIT is under review, and…
Image used for representational purposes only. | Photo Credit: Reuters Overall Electric Vehicles (EV) retail sales in July 2026 rose 66% Year-on-Year (YoY) to 3,27,901 units, and with this, nearly one in eight vehicles retailed is now electric, according to data released by the Federation of Automobile Dealers Association (FADA). During the month, electric two-wheeler…
Read More “Overall EV retail sales in July 2026 surge 66% to 3.28 lakh units” »
Hindalco Industries Ltd of the Aditya Birla Group for the quarter ended June 30, 2026, reported 75% YoY growth in consolidated net profit at ₹7,013 crore driven by strong momentum in its India business and recovery at its subsidiary Novelis. The company’s consolidated revenue for the quarter at ₹84,825 crore, grew 32%. “Hindalco’s milestone performance was driven by favourable macro tailwinds and the Company’s strategic focus on resource security, premium…
Read More “Hindalco Q1 net profit surges 75% to ₹7,013 crore, sales up 32%” »
Hardeep Singh Puri addresses CII conference | Photo Credit: Special Arrangement The U.S. now accounts for about 67% of India’s liquefied petroleum gas (LPG) imports, according to Petroleum and Natural Gas Minister Mr. Hardeep Singh Puri . Addressing the CII International Energy Conference, he said the shift follows an earlier government decision to source roughly…
Read More “U.S. accounts for 67% of India’s LPG imports, Petroleum Minister Hardeep Puri” »
State-owned oil marketing companies (OMCs) on Friday rejected allegations of chloride contamination in E20 fuel, stating that additional intensive testing conducted at retail outlets, refineries, and at the point of ethanol procurement confirmed that chloride levels remained within the prescribed limits. In a joint statement, the OMCs — IndianOil, Bharat Petroleum and Hindustan Petroleum —…
Read More “OMCs refute chloride contamination, excess moisture in E20 fuel” »
Air India’s Boeing 787-9 Dreamliner on static display at Wings India 2026 at Begumpet Airport in Hyderabad | Photo Credit: The Hindu In a bid to stem pilot attrition and strengthen retention, Air India has unveiled a revamped pay and career progression package that includes an 8–15% increase in fixed salary, and higher flying pay…
Read More “Air India revamps pilot pay, career path to curb attrition” »
An Air India Airbus A350 aeroplane is displayed at Wings India 2024 aviation at Begumpet airport, Hyderabad | Photo Credit: Reuters Months after cutting nearly 27% of its global routes in response to soaring fuel costs, Air India has said it will restore all the international services from September 1 and add frequencies on several…
Read More “Air India restores most international flights from Sep 1, adds frequencies” »
Image used for representational purposes only. Photo: Special Arrangements Dabur India said on Friday (August 7, 2026) that the Delhi High Court has stayed an order issued by the food safety regulator that barred the consumer goods company from selling food products carrying “100%” claims, granting it interim relief. On August 3, the Food Safety…