Category: Business

Business

India allows four Chinese-linked power equipment firms to bid for government projects

July 3, 2026 admin

Reuters reported ‌in January that India was examining broader relaxations on Chinese bidders for government contracts ⁠as border tensions ease. File. | Photo Credit: Reuters India has allowed four Chinese power equipment manufacturers with factories in the ‌country to participate in government tenders for critical power ⁠projects, according to a government order. TBEA Energy, Nanjing…

Business

Stock markets surge in early trade; Sensex jumps 546 points

July 3, 2026 admin

From the Sensex pack, HCL Tech, Bajaj Finserv, Tata Steel, Tech Mahindra, Bharat Electronics and Tata Consultancy Services were among the major winners. | Photo Credit: AP Benchmark indices Sensex and Nifty surged in early trade on Friday (July 3 2026) amid a rally in IT stocks and softer-than-expected U.S. jobs data tempering expectations of…

Business

AI race weakens climate pledges at Google, Amazon

July 3, 2026 admin

Google and Amazon this week reported sharp increases in greenhouse gas emissions, driven by the frantic construction of artificial intelligence infrastructure that is pushing the tech giants further from their carbon neutrality pledges. Google’s total emissions, disclosed on Tuesday, have jumped 82% since 2019, and more than 18% just last year, even though it has…

Business

Rupee rises 19 paise to 95.16 against US dollar in early trade

July 3, 2026 admin

The rupee appreciated 19 paise to 95.16 against U.S. dollar in early trade on Friday (July 3, 2026), as the dollar index retreated from its recent 15-month high levels. | Photo Credit: Getty Images/iStockphoto The Rupee appreciated 19 paise to 95.16 against U.S. Sollar in early trade on Friday (July 3, 2026), as the Dollar…

Business

Why Bank of Baroda paid ₹5,700 crore to settle NMC Health dispute in Abu Dhabi: Explained

July 3, 2026 admin

The story so far: Bank of Baroda, the second largest Public Sector Bank on Thursday (July 2, 20260 informed stock exchanges that it had paid $600 million (about ₹5,700 crore) to settle litigation initiated by the administrators of NMC Health Plc, NMC Healthcare Ltd and NMC Holding Ltd. This ends one of the largest cross-border…

Business

Coal Ministry permits use of insurance surety bonds as replacement for bank guarantees

July 2, 2026 admin

Image for representational purposes only. | Photo Credit: The Hindu Coal Ministry on Thursday (July 2, 2026) allowed entities-accorded coal blocks to use insurance surety bonds (ISBs) instead of performance bank guarantees (PBGs) to fulfil their obligations for performance surety. “The measure is expected to ease the financial burden associated with conventional bank guarantee arrangements…

Business

Coal imports decline 13% in April

July 2, 2026 admin

File photo for representational purposes only. | Photo Credit: Getty Images/iStockphoto India’s coal imports in April this year declined about 13% or 3.14 million tonnes (MT) to 21.13 MT, the Union Ministry of Coal said on Thursday (July 2, 2026). It added that the overall dependence on imported coal narrowed to 19.7% in April this…

Business

Unwelcome surge: On the buoyancy in GST collections

July 2, 2026 admin

India’s June GST collections rose 13.9% year-on-year to ₹1.95 lakh crore, driven largely by import IGST, which surged 34.6% compared with June 2025, up from 17.2% growth in May. Domestic GST collections grew by a more modest 6.5%, suggesting that the sharp increase in overall collections owes less to a broad-based improvement in domestic value…

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Petrol, diesel prices to fall only after cheaper crude oil reaches Indian refiners: Hardeep Puri

July 2, 2026 admin

Union Minister Hardeep Singh Puri elaborated that the retail fuels presently being sold in pumps were derived from crude oil that was purchased months in advance. | Photo Credit: ANI Prices of petrol and diesel will come down only after the crude oil, which is currently cheaper, reaches Indian shores and refiners, Union Petroleum Minister…

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Labour Ministry makes EPF contributions beyond ₹1,800 voluntary

July 2, 2026 admin

The new Employees’ Provident Funds Scheme 2026 provides that “the contribution payable in respect of a member shall be subject to the wage ceiling limit, notified by the Central Government from time to time”. Photo: epfo.gov.in The Labour and Employment Ministry has made all contributions in the Employees’ Provident Fund (EPF) above the monthly wage…

Business