business

The Union government on Tuesday approved a major investment worth over Rs 8,000 crore in Arunachal Pradesh, giving a major boost to the state’s power and infrastructure sector. The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, sanctioned the construction of the 700 MW Tato-II Hydro-Electric Project in the Shi Yomi district.According…

Rural areas saw headline inflation ease to 1.18% from 1.72% in June, with food inflation dropping from -0.87% to -1.74%. (AI image) The Consumer Price Index (CPI) inflation for the month of July 2025 touched an 8-year low of 1.55%. The headline retail inflation cooled sharply touching 1.55% year-on-year — the lowest since June 2017…

India is widening its export focus to 50 countries, including key markets in West Asia and Africa, in a bid to lessen dependence on any single buyer and cushion the blow from steep US import tariffs.According to ET, these markets together account for about 90% of India’s total exports.Officials from the commerce and industry ministry…

Finance Minister Nirmala Sitharaman presented the updated version of the I-T bill to Parliament. The New Income Tax Bill has been passed by the Lok Sabha, marking a significant reform to modernise the longstanding income tax legislation for both individuals and corporations. The New Income Tax Bill 2025 aims to simplify tax procedures and reduce…

With the US set to impose steep new tariffs that industry executives say resemble the protectionist levies of the Great Depression era, Indian electronics exporters are scouting alternative markets in Europe, the Middle East and Africa. The move comes as the US, still the largest buyer of India’s electronics goods, becomes a tougher market, weighed…

Nayara Energy has been facing challenges since July, when the European Union enacted its 18th sanctions package. (AI image) Russia-backed Indian refinery Nayara Energy is faced with a fresh challenge. India’s largest public sector lender SBI has stopped processing international trade and forex transactions for Nayara Energy following recent US tariff hikes. The bank’s decision…

Nearly 100,000 diamond cutting and polishing workers in Gujarat’s Saurashtra region have lost their jobs since the United States imposed a 10% baseline tariff in April, according to Gujarat’s Diamond Workers Union. According to ET, the union’s vice-president, Bhavesh Tank, said that the pace of layoffs accelerated over the past 10 days, when the tariff…