Category: Business

Business

Why has FSSAI issued prohibition-of-sale orders against liquor makers? | Explained

August 5, 2026 admin

The story so far: The Food Safety and Standards Authority of India (FSSAI) initiated enforcement action (prohibition-of-sale orders) on August 2, 2026 against several liquor makers, accusing them of two main violations. One is allegedly adding flavour compounds that recreate a drink’s own natural taste instead of allowing those characteristics to develop through distillation and…

Business

U.S. stocks leap toward record as profits keep piling up, oil prices ease

August 4, 2026 admin

The U.S. stock market is rallying toward a record on Tuesday (August 4, 2026) as companies keep piling up profits and oil prices ease. The S&P 500 climbed 1.7% and is on track to top its all-time high set a couple months ago. The Dow Jones Industrial Average added 966 points, or 1.8%, to its…

Business

Supreme Court extends third-party insurance cover of new vehicles by a year

August 4, 2026 admin

The Supreme Court on Tuesday (August 4, 2026) extended the mandatory third-party motor insurance coverage of new vehicles by a year. New cars will now have four years of coverage and two-wheelers six years, it said. The court observed that despite the statutory mandate, a “shocking” number of vehicles continued to ply on Indian roads…

Business

ONGC’s net profit more than doubles with spike in net crude price realisations

August 4, 2026 admin

Image used for representational purposes. File | Photo Credit: Reuters State-owned explorer Oil and Natural Gas Corporation’s (ONGC) net profit more than doubled in the June-end quarter fuelled by a more-than-half times increase in net crude price realisations. The Delhi-headquartered explorer’s net profit rose more than 112% on a year-over-year basis to ₹17,034 crore. This…

Business

Transport, pharma and biotech as industry become India’s biggest research investors

August 4, 2026 admin

Image used for representational purposes. File | Photo Credit: Reuters India’s private-sector research effort is now being driven overwhelmingly by the transportation, pharmaceutical, biotechnology and information technology industries, with transport companies emerging as the country’s largest corporate R&D investors, according to the Department of Science and Technology’s (DST) Research and Development Statistics 2025-26. The report…

Business

Govt introduces Bill aimed at easing doing business, attracting FDI & enhancing Make in India

August 4, 2026 admin

Finance Minister Nirmala Sitharaman on Tuesday introduced the Taxation and Other Laws (Amendment) Bill, 2026 in the Lok Sabha, seeking to amend several existing Acts in a bid to attract more foreign capital, make it easier to do business in India, and to push the Make in India mission. The Taxation and Other Laws (Amendment)…

Business

New CEO wants IndiGo to be ‘airline of choice’

August 4, 2026 admin

Willie Walsh acknowledged the challenges confronting the aviation industry, citing “airspace challenges, supply chain constraints and changing global conditions,” and said the airline would need to remain agile in navigating them. File | Photo Credit: Reuters In his maiden town hall address as IndiGo’s chief executive, William Walsh underscored the need to make the airline…

Business

Supreme Court asks JioStar to approach Delhi HC in TRAI tariff framework dispute

August 4, 2026 admin

Broadcaster JioStar had moved the top court through law firm Karanjawala and Co. The Supreme Court on Tuesday (August 4, 2026) asked JioStar India Pvt Ltd to approach the Delhi High Court with its plea that it did not want to amend its pending petitions there challenging parts of the Telecom Regulatory Authority of India’s…

Business

Stock markets trade mixed amid introduction of new closing auction session

August 4, 2026 admin

Representative image. | Photo Credit: Getty Images/iStockphoto Stock market benchmark indices Sensex and Nifty traded on a mixed note in early trade on Tuesday (August 4, 2026) following the introduction of a new auction mechanism for shares having futures and options (F&O) contracts. The Closing Auction Session (CAS) in the equity cash segment became operational…

Business

India’s position in global gold reserves | Explained

August 4, 2026 admin

For centuries, gold has had a prime position in India’s economic and social landscape. It has been jewellery, a symbol of prosperity and wealth, and a hedge against uncertainty. Gold has proved its timeless appeal, but global uncertainties and their disruptions have led to a structural change in its holding pattern in India, exhibiting a…

Business