Elon Musk is expected to meet PM Narendra Modi and announce that Tesla will set up a car and battery plant in India. He may push plans to launch Starlink's broadband services

"We should stay the course and remain vigilant', says RBI Governor Shaktikanta Das

National transporter says it's running 43% extra trains this year

Ethanol is produced largely from sugarcane-based molasses or grain-based sources as feedstock in India

The home loan business of the company surged to approximately Rs 33,918 crore in FY24, up by over 22 per cent from Rs 27,798 crore in FY23

The yield on the newly issued 10-year bond has risen by 6 basis points since its issuance

The High Court had observed that the objective of the legislature was not to burden a special court comprising a sessions judge with trials under the IBC

Even the Employees' State Insurance Corporation (ESIC), which provides healthcare benefits to workers and comes under the administrative control of the labour ministry

The global economy is the pull factor. The push comes when Indian companies are buying ventures outside or investing in their subsidiaries

Retirement fund body EPFO registered over 19 per cent growth year-on-year to 1.65 crore members in 2023-24, as per the latest payroll data, showing improvement in the employment situation in the country. "In last 6 and half years alone, more than 6.1 crore members joined the EPFO (Employees' Provident Fund Organisation) fold, indicating formalisation of the job market," a labour ministry official told PTI. The data shows that the EPFO had added 61.12 lakh net subscribers in 2018-19, which increased to 78.58 lakh in 2019-20. However, it dipped to 77.08 lakh in 2020-21, mainly due to the pandemic effect and improved again to 1.22 crore in 2021-22 and 1.38 crore in 2022-23. The official informed that the net subscribers addition by the body increased by over 19 per cent to 1.65 crore in 2023-24 compared to 1.38 crore in 2022-23. The net addition in EPFO subscriptions is an indicator of the extent of formalisation of the job market, and the coverage of social security benefits to the

The reserves fell by $5.4 billion in the reporting week, the steepest fall in over three months. They had risen by a total of $32.5 billion in the prior seven weeks

MPC member Jayanth R Varma, however, had advocated a reduction in the repo rate by 25 basis points as "high interest rates entail a growth sacrifice"

Russia is an ally of the Organization of Petroleum Exporting Countries (OPEC) but it has eaten into the share of India's crude diet from key OPEC producers in the Middle East

For the demographic dividend to be reaped, India has to invest a lot in education and health

Despite a challenging global scenario, India's economy has shown robust growth over the past year backed by sustained consumption and investment demand, a top Indian official told members of a World Bank committee here. The GDP growth estimate for the fiscal, which has been revised upwards from 7.3 per cent to 7.6 per cent in the second advance estimates, highlights the enduring strength and resilience of the Indian economy, India's Economic Affairs Secretary Ajay Seth said while addressing the Development Committee meeting here on Thursday. India grew above 8 per cent for three consecutive quarters of FY24, reaffirming its position as a standout performer amidst sluggish global growth trends, Seth said. He said that similar sentiments have been echoed by various agencies who have revised India's fiscal 24 growth estimate closer to 8 per cent. India's proactive stance on reform and investment in sustainable growth avenues sets a benchmark for emerging economies. The Indian delegati

The exports of engineering goods - comprising over a fourth of India's export basket - grew 2.1 per cent to $109.3 billion

There has been good market access offered on both sides but not enough to secure a free trade agreement (FTA), the UK government has said as Indian negotiators are in London this week to continue discussions with their British counterparts. During a debate in the House of Lords this week, UK Foreign Secretary David Cameron was addressing questions from British peers on the current state of freedom of religion or belief in India. The recent restructuring of the BBC to create a new Indian-owned entity in order to comply with the country's foreign direct investment (FDI) rules was flagged by Liberal Democrat peer Lord Jeremy Purvis, who questioned the level of market access being offered to India in the field of media, data and telecoms as part of the FTA negotiations. My understanding of where we are with the trade deal is that good market access has been offered on both sides, but not quite enough yet to secure a deal. It is important with such trade deals, as you only really get one

Meeting attended by other global and Indian OEMs sought to offer clarity on EV manufacturing scheme

Warming of the planet by 3 degrees Celsius may cost the world up to 10 per cent of its GDP, a new research has found. It also found that poorer, tropical countries could see the worst effects -- up to 17 per cent GDP loss. The study -- led by ETH Zurich, Switzerland, and published in the Nature Climate Change journal -- suggested that roughly half of the predicted global economic damage could be related to extreme heat, with heat waves being the most impactful among the extreme events analysed. "Impacts are more severe in the Global South and highest in Africa and the Middle East, where higher initial temperatures make countries particularly vulnerable to additional warming," the authors wrote. The researchers further found that the cost of climate change increased around the world after accounting for changes in rainfall and temperatures occurring within a short span at a location. "If we take into account that warmer years also come with changes in rainfall and temperature ...

Most Concerns Attended to, but Toll Estimation and Traffic Diversion from Competing Roads Pose Risk