Category: Business

Business

Gujarat tops NITI Aayog’s first Investment Friendliness Index 2026 among major States

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Gujarat tops NITI Aayog’s first Investment Friendliness Index 2026 among major States

A view of the GIFT City (Gujarat International Finance Tec-City) in Gandhinagar, Gujarat. File | Photo Credit: The Hindu Gujarat has emerged as the country’s leading investment destination after securing the top position among major States in NITI Aayog’s first-ever Investment Friendliness Index 2026, according to the report released by the Chief Minister’s Office on…

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Business

Axis Bank Q1 net profits grows 23% to ₹7,114 crore

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Axis Bank Q1 net profits grows 23% to ₹7,114 crore

Beating analysts’ estimates, Axis Bank Ltd., India’s third-largest private sector bank, reported a 23% year-on-year increase in profit to ₹7,114 crore for the quarter ended June 30, 2026. The Bank’s Net Interest Income (NII) for the quarter stood at ₹14,646 crore up 8% YOY. Net Interest Margin (NIM) stood at 3.46%. Provision and contingencies for the quarter…

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Business

A trade deal that tests India’s competitive confidence

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A trade deal that tests India’s competitive confidence

‘The gains promised today will become real only if India’s exporters are ready, its procedures are clean, and its enterprises are informed and educated of the opportunities that trade agreements create’ | Photo Credit: The Hindu A trade agreement is usually sold on its potential for export facilitation. Its deeper worth often lies in what…

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Business

Bharat Tex generates $2 billion worth enquiries

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Bharat Tex generates billion worth enquiries

: Four-day textile and clothing expo, Bharat Tex 2026, concluded in New Delhi on Friday generating business enquiries worth more than $ 2.8 billion. The event brought together 1,647 exhibitors and attracted 11,315 buyers, including 6,090 international buyers, catalysing around ₹14,300 crore of textile investment commitments with more than 30 Memoranda of Understanding signed by…

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Business

West Asia crisis, uncertain monsoon major risks for growth: RBI Governor

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West Asia crisis, uncertain monsoon major risks for growth: RBI Governor

“Monetary and fiscal policies are robust, and because of that, we are witnessing high GDP growth,” RBI governor Sanjay Malhotra said. File | Photo Credit: ANI Reserve Bank Governor Sanjay Malhotra has said the West Asia crisis and the expectation of a weak monsoon present significant risks to economic growth. “Despite global uncertainties, India has…

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Business

IAMAI launches E-Commerce Council of India to unify $120 bn digital commerce ecosystem

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IAMAI launches E-Commerce Council of India to unify 0 bn digital commerce ecosystem

The Internet and Mobile Association of India (IAMAI) on Friday launched the E-Commerce Council of India (ECCI), a first-of-its-kind national platform dedicated to unify India’s $120 billion digital commerce ecosystem. The ECCI would serve as a collaborative platform for industry stakeholders to engage with policymakers, generate research, develop best practices and contribute to policy discussions that…

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Business

SEBI flags ‘Boss Scam’ that targets C-suite officials

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SEBI flags ‘Boss Scam’ that targets C-suite officials

SEBI cautions regulated entities against cyber fraud | Photo Credit: Reuters Market regulator Securities and Exchange Board of India (SEBI) has cautioned regulated entities and listed firms against “Boss Scam”, wherein fraudsters impersonate as chief executives or other senior officials to trick finance teams into transferring funds “The communication through email/ WhatsApp/Microsoft Teams/other social media…

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Business

Index of Core Industries set to get an upgrade with revised base year and weights

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Index of Core Industries set to get an upgrade with revised base year and weights

The current ICI includes eight sectors — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity. The new series will include nine sectors.  File image used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The Ministry of Commerce and Industry will on July 20 release an updated Index of Core Industries…

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Business

Stock markets surge on buying in blue-chips; Sensex jumps 965 points

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Stock markets surge on buying in blue-chips; Sensex jumps 965 points

Market benchmark indices ended sharply higher on Friday (July 17, 2026) , with the Sensex climbing 964.58 points and the Nifty reaching the 24,330 level, led by buying in blue-chip Reliance Industries, bank and IT stocks. After a subdued ending in the previous trade, the 30-share BSE Sensex bounced back 964.58 points, or 1.25%, to…

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Business

Rupee rises 14 paise to close at 96.28 against U.S. dollar

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Rupee rises 14 paise to close at 96.28 against U.S. dollar

Rupee rose 14 paise to settle at 96.28 gainst the U.S. dollar on July 17, 2026. File | Photo Credit: Getty Images/istockphoto The rupee rose 14 paise to settle at 96.28 (provisional) against the U.S. dollar on Friday (July 17, 2026), on possible intervention from the Reserve Bank of India after four consecutive sessions of…

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Business