Jewellery, rugs & toys power growth! India’s creative goods exports rise in FY26; UAE emerges top market

India’s exports of creative goods rose in the first seven months of FY26, driven by strong demand for fashion accessories, jewellery, carpets and toys, with the UAE emerging as the largest destination, according to an ET analysis.The exports of creative goods increased 7.3% year-on-year to $12.5 billion during April–October FY26, up from $11.7 billion in…

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New BIS standard for incense sticks: Govt bans certain substances; flags ‘potential impact on human health’

NEW DELHI: The government issued a notification announcing a new Indian Standard for incense sticks (agarbatti), laying down quality norms and specifying a list of substances prohibited for use in their manufacture.The standard has been developed by the Bureau of Indian Standards (BIS) to ensure safer products and promote responsible and sustainable practices in the…

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Gold, silver, platinum hit record highs! Silver tops $75 per ounce for the first time — what’s fueling the rally?

Gold, silver and platinum surged to fresh record highs on Friday, driven by strong speculative momentum, and expectations of further US rate cuts amid rising geopolitical tensions.Silver crossed the $75-per-ounce mark for the first time, as both precious and industrial metals climbed to unprecedented levels amid economic and geopolitical uncertainty, Reuters reported. Major precious metals…

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Japan govt approves record 122 trillion yen budget

The Japanese government on Friday approved a record budget for the upcoming fiscal year, to pay for everything from bigger defence spending to ballooning social security costs as inflation persists.The 122.3-trillion-yen ($782 billion) budget for the fiscal year from April 2026 will include some nine trillion yen for defence spending, as Prime Minister Sanae Takaichi…

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Weight-loss therapy set to push pharma growth

NEW DELHI: Once relegated to the fringes of lifestyle care, obesity drugs have emerged as one of the world’s most powerful growth sectors, ranked by McKinsey alongside AI, EVs and robotics as trillion-dollar opportunities by 2040. In India, the surge in the weight-loss and metabolic therapy market is set to shape pharma’s growth narrative in…

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