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Sugar mills will start operating 10-15 days before the normal schedule for the 2026-2027 sugar marketing season to ensure adequate availability of sugar during the festival season this year. At a meeting held with the Joint Secretary (Sugar) last month, the Indian Sugar and Bio-energy Manufacturers Association (ISMA) and the National Federation of Cooperative Sugar…
Bajaj General Insurance (formerly Bajaj Allianz General Insurance Company) and Swiss Re Corporate Solutions have signed a memorandum of understanding (MoU) to explore a commercial insurance partnership in India. The partnership, subject to definitive agreements and applicable regulatory requirements, aims to leverage Swiss Re Corporate Solutions’ international programmes platform and develop structured insurance solutions for…
India has adequate coal stocks to meet approximately 62 days of the domestic power sector’s consumption requirements, the Union Coal Ministry informed Thursday. As on August 4, thermal power plants have about 34.55 million tonnes (MT) of coal, the ministry said, adding further, about 113 MT of coal was lying at pitheads and in-transit combined….
Read More “India has coal stocks to meet 62 days of power demand: Coal Ministry” »
Stock market benchmark indices ended on a mixed note on Thursday (August 6, 2026), with the Sensex climbing 374 points and the Nifty closing flat, drawing support from moderation in crude oil prices and buying in heavyweights Reliance Industries and ICICI Bank. After starting the session on a positive note, the 30-share BSE Sensex remained…
Read More “Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat” »
Image used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The rupee depreciated 16 paise to close at 95.24 (provisional) against the U.S. dollar on Thursday (August 6, 2026), on slight gains in the U.S. Dollar Index and a modest increase in U.S. treasury yields. Forex traders said the rupee was pressured by a…
Read More “Rupee falls 16 paise to close at 95.24 against U.S. dollar” »
The Finance Commission, an institutional innovation embedded in India’s constitutional architecture, was never intended to be a routine allocator of funds. It was designed as a central pillar of India’s fiscal federal compact and as a corrective institution that would mediate the inherent asymmetry between a fiscally dominant Union and structurally constrained States, while also…
Read More “Fiscal federalism, efficiency versus equity concerns” »
: Dairy products maker Milky Mist Dairy Food Ltd on Thursday fixed a price band of ₹133-140 per share for its ₹1,553 crore initial public offering (IPO), which will open for subscription on August 11. The Erode-based company’s IPO comprises a fresh issue of equity shares aggregating up to ₹1,428 crore and an Offer For…
Commercial Vehicle retails at 99,666 units grew 24.04% YoY — the highest July ever, rural again led decisively, growing 29.37% YoY against Urban’s 19.36%. File picture | Photo Credit: Reuters In July 2026, the Indian automobile industry retailed 25,91,138 units, up 25.89% YoY, making it the strongest July growth in the series outside COVID-distorted base…
Read More “Auto retail sales in July 2026 surge 26% YoY to 25.91 lakh units” »
Tamil Nadu Finance Minister N. Marie Wilson presents the maiden budget of the TVK-led coalition government in the Legislative Assembly, in Chennai on Wednesday | Photo Credit: ANI The debut Budget of the C. Joseph Vijay-headed Tamilaga Vettri Kazhagam (TVK)-led coalition government, presented by Tamil Nadu Finance Minister N. Marie Wilson on Wednesday (August 5,…
Read More “Vijay government’s debut Budget strikes a balance between welfare and fiscal prudence” »
File photo for representational purposes only. | Photo Credit: Reuters Stock market benchmark indices Sensex and Nifty edged higher in opening trade on Thursday (August 6, 2026) amid lower crude oil prices and buying in Reliance Industries. The 30-share BSE Sensex climbed 201.43 points to 78,782.43 in opening trade. The 50-share NSE Nifty was marginally…