Category: Business

Business

Making India’s climate taxonomy framework work

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Making India’s climate taxonomy framework work

In May this year, the Ministry of Finance released India’s draft Climate Finance Taxonomy for public consultation. As a foundational tool, the taxonomy aims to mobilise climate-aligned investments, prevent greenwashing, and clarify for investors which sectors, technologies and practices contribute to mitigation, adaptation, or transition. Importantly, the document calls itself a “living” framework, adaptable to…

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India looking to capture 10% of global demand for green hydrogen: Shripad Naik

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India looking to capture 10% of global demand for green hydrogen: Shripad Naik

MoS for New and Renewable Energy Shripad Yesso Naik. Photo: Special Arrangement India aspires to capture 10% of the global demand for green hydrogen, which is expected to exceed 100 MMT by 2030, Minister of State for New and Renewable Energy Shripad Naik said on Tuesday (August 19, 2025). He said the ambition is to…

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Centre should come up with action plan to evenly distribute industries across States: Standing Committee

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Centre should come up with action plan to evenly distribute industries across States: Standing Committee

Representational file image. | Photo Credit: Reuters The Standing Committee on Finance has recommended that the Government consider an action plan to evenly distribute industries across all States, for “more balanced and equitable economic development”, it said in a report submitted to the Lok Sabha.  This comes at a time when the Congress has accused…

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Rupee appreciated 40 paise to close at 86.99 against U.S. dollar

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Rupee appreciated 40 paise to close at 86.99 against U.S. dollar

Foreign Institutional Investors bought equities worth ₹550.85 crore on August 18, 2025, according to exchange data. File | Photo Credit: Reuters The rupee appreciated 40 paise to close at 86.99 (provisional) against the U.S. dollar on Tuesday (August 19, 2025), supported by optimism over GST restructuring and positive domestic equity markets. Forex traders said rupee…

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Stock markets rally for 4th day; Sensex climbs nearly 371 points on GST reform bid

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Stock markets rally for 4th day; Sensex climbs nearly 371 points on GST reform bid

In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite and Hong Kong’s Hang Seng settled lower. File | Photo Credit: PTI Benchmark stock indices Sensex and Nifty advanced on Tuesday (August 19, 2025), marking their fourth consecutive day of gains, mainly driven by Reliance Industries and Tata Motors. Rising for…

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GST rate rationalisation is welcome, but States’ revenues must be protected: Karnataka Revenue Minister Byre Gowda

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GST rate rationalisation is welcome, but States’ revenues must be protected: Karnataka Revenue Minister Byre Gowda

Karnataka Revenue Minister Krishna Byre Gowda. File photo: Special Arrangement Reforms in the Goods and Services Tax (GST) regime with rate rate rationalisation is a welcome move, but State governments are concerned with the impact of the same on the revenues accruing to them, according to Karnataka Revenue Minister Krishna Byre Gowda. Speaking to The…

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Business

Stock markets continue to rally on GST reforms bid

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Stock markets continue to rally on GST reforms bid

Image used for representation purpose only. | Photo Credit: Reuters Equity benchmark indices climbed in early trade on Tuesday (August 19, 2025), extending their previous day’s sharp rally, as optimism prevailed in the market buoyed by plans for big bang reforms in the GST regime by Diwali. The 30-share BSE Sensex climbed 203.44 points to…

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Foxconn’s Apple era fades as AI servers drive growth in Taiwan tech sector

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Foxconn’s Apple era fades as AI servers drive growth in Taiwan tech sector

Taiwan’s Foxconn, which rose to become a global tech manufacturing juggernaut by assembling millions of iPhones, can now say its main business is no longer Apple as it takes advantage of the AI-boom to diversify its income. Its revenue from making AI servers and other cloud and networking products, including for major customer Nvidia, surpassed…

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Rupee rises 19 paise to 87.20 against U.S. dollar in early trade

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Rupee rises 19 paise to 87.20 against U.S. dollar in early trade

Image used for representation purpose only. | Photo Credit: Reuters The rupee appreciated 19 paise to 87.20 against the U.S. dollar in early trade on Tuesday (August 19, 2025), reflecting the optimism around domestic reforms and equities, though external risks remain elevated. Forex traders said the rupee is holding firm at current levels, tracking the…

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