Ahmedabad Textile Units Face Weak Demand, Operate at 60%
Ahmedabad's textile processing industry faces a slowdown with units operating at 60% capacity due to weak demand. Industry expects recovery by February with summer orders.
Category : Business
Gujarat Approves SPV for 48 Port Development
Gujarat government grants in-principle approval for a Special Purpose Vehicle to develop, operate, and maintain 48 ports owned by Gujarat Maritime Board.
Budget 2026's Fiscal Balancing Act: Growth vs. Deficit
The upcoming Union Budget must sustain economic growth while aiming to reduce the fiscal deficit to 4.2-4.4% of GDP by FY27, maintain capital expenditure, and revive private investment.
TSX Hits Record High on Gold Surge, Inflation Data
Canada's main stock index reached a new record high on Monday, driven by strong gains in materials as gold prices hit a record. Inflation data supports expectations for a Bank of Canada rate hold.
IndiGo Flight Cancellations Demand Deterrent Penalty
Massive flight disruptions by IndiGo caused trauma and financial losses to lakhs of passengers, with over 2,500 cancellations and 1,800 delays requiring regulatory action.
Namma Metro Fare Hike 2026 Hits Commuters Hard
Bengaluru's Namma Metro faces criticism as recent fare increases make it one of India's most expensive systems, disproportionately affecting daily-wage earners and lower-middle-class riders.
Kudumbashree Launches 'Meat Point' Takeaway Counters
Kudumbashree launches 'Meat Point', a network of takeaway food counters across Kerala offering chicken dishes, breakfast, and snacks, aiming to provide sustainable income for women.
Ceat Tyres Focuses on Overseas Growth, Europe Key Market
Ceat Tyres prioritizes expanding its international business, with Europe becoming a crucial market despite global tariff concerns. The company cites better profit margins overseas.
Shadowfax Raises Rs 856 Cr from Anchor Investors Pre-IPO
Logistics firm Shadowfax Technologies secures Rs 856 crore from anchor investors, with domestic mutual funds taking a majority stake, just before its IPO opens for public subscription.
KSRTC Ernakulam Bus Terminal Project Downsized
Kerala's KSRTC scales down its Ernakulam bus terminal project from Rs 27 crore to Rs 13 crore, reducing bus bays and abandoning two-storey plans due to financial constraints.
Telangana's 8-Month Food Price Deflation Unique in India
Telangana records sustained negative food inflation for eight consecutive months, contrasting sharply with other states. Experts point to weak consumer spending and oversupply as key factors behind this unusual trend.
IMF Raises India's FY26 GDP Growth to 7.3%
The International Monetary Fund has revised its projection for India's economic growth in FY26 upward to 7.3%, signaling strong confidence in the country's economic trajectory.
Ola Electric CFO Exits, Successor Named
Ola Electric's Chief Financial Officer has resigned from his position. The company has quickly named a successor to lead its finance operations.
PNB CEO Rules Out Acquisitions, Focuses on Organic Growth
Punjab National Bank's MD & CEO Ashok Chandra clarifies no acquisition plans, highlights record profits, and outlines growth strategy for southern states.
Silver Crosses Rs 3 Lakh Mark, Hits Record High on MCX
Silver prices surged past Rs 3 lakh per kg for the first time on MCX, reaching an all-time high of nearly Rs 3.1 lakh. The rally is driven by global price jumps, a weaker rupee, and safe-haven demand amid tariff uncertainties.
IMF Raises India's GDP Growth Forecast to 7.3% for 2025-26
The International Monetary Fund has revised India's GDP growth projection upward to 7.3% for 2025-26, citing robust third and fourth quarter performance. India remains the fastest-growing major economy globally.
Trump Tariff Threat Hits India-Iran Air Cargo Growth
US President Trump's proposed 25% tariff on Iran trade partners threatens India's surging air cargo exports. Shipments grew nearly 200% in five years, reaching 1,200 tonnes by September 2025.
Delhi Police Probes Rs 374 Crore GST Fraud Cases
Delhi Police's Economic Offences Wing investigates seven GST fraud cases totaling Rs 374 crore, where scammers used stolen identities to create dummy companies for financial transactions.
Vattiyoorkavu Road, Peroorkada Flyover Projects Accelerate
Thiruvananthapuram's key infrastructure projects move forward as KRFB issues tenders for Vattiyoorkavu road development and RBDCK calls bids for Peroorkada flyover, aiming for construction start in March.
Ikea Plans Rs 10,500 Crore Investment in India, 20-30 New Stores
Ikea announces a Rs 10,500 crore investment plan for India over five years, aiming to add 20-30 stores by 2030 and achieve profitability by 2028 while expanding sourcing.
AssetPlus Raises ₹17.5 Crore in Funding Round
Wealth-tech startup AssetPlus has raised ₹17.5 crore in a funding round led by existing investors. The funds will fuel platform expansion and product development.
Indian Firms Rethink Risk as Sanctions Threat Grows
Global supply chain disruptions and volatile geopolitics are pushing Indian corporations to elevate sanctions risk from compliance footnote to core governance priority, with legal experts warning of severe financial and reputational consequences.
IPO Fund Monitoring Tightens: Rating Agencies to Report to Exchanges
SEBI plans stricter IPO fund tracking by allowing rating agencies to directly update stock exchanges on compliance with end-use norms, enhancing transparency and preventing fund diversion.
RBI Expands Credit for Cooperatives, Tightens Bank Rules
The Reserve Bank of India has revised priority sector lending norms to include loans to the National Cooperative Development Corporation, aiming to boost credit flow to cooperative societies while strengthening compliance requirements for banks.
LTIMindtree Q4 Revenue Up 6.1% to $1.2 Billion
LTIMindtree reports a 6.1% rise in Q4 revenue to $1.2 billion, exceeding market forecasts. The IT firm shows strong growth amid global challenges.
Tech Firms Offer Freshers Up to Rs 55 Lakh in Niche Roles
Indian tech companies are moving from mass hiring to skills-focused recruitment, offering freshers specialized roles with packages ranging from Rs 16 lakh to Rs 55 lakh in AI, cybersecurity, and cloud domains.
India's $1 Billion Footwear Manufacturing Boost Package
The Indian government is finalizing a comprehensive $1 billion package to strengthen footwear manufacturing, addressing challenges from US tariffs and global competition.
Fossil Fuel Share in Power to Drop Below 70%: Crisil
Crisil reports fossil fuels' share in India's power generation will fall below 70% next fiscal due to slower demand growth and renewable energy surge, impacting thermal plant operations.
Bengaluru Woman Files Police Complaint Over Bank Data Leak
A woman in Bengaluru has approached police after bank staff allegedly leaked her account details to her estranged husband. An FIR accuses three employees of illegally accessing and sharing her bank statements.
Khazanah Invests in Power Grid and Chips for AI Growth
Malaysia's sovereign wealth fund Khazanah Nasional plans major investments in energy infrastructure and semiconductor firms to capitalize on the AI boom, focusing on grid resilience and advanced packaging.
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