To give a fresh boost to Assam’s dairy sector, the state government on Sunday introduced a new subsidy scheme offering Rs 5 per litre of milk to dairy farmers. Chief Minister Himanta Biswa Sarma launched the initiative at a programme in Guwahati, where he also laid the foundation stone for expanding the Panjabari plant of…
Public sector lender Indian Overseas Bank (IOB) reported its highest-ever quarterly net profit of Rs 1,111 crore in the April–June 2025 quarter, marking a 76 per cent year-on-year jump from Rs 633 crore. The bank, headquartered in Chennai, said it is confident of sustaining and growing this performance through the rest of FY26.“Exactly. One hundred…
Auto parts maker Sona BLW Precision Forgings Ltd (Sona Comstar) has entered into a joint venture with China-based Jinnaite Machinery Co Ltd (JNT) to make a strategic foray into the Chinese electric vehicle (EV) market. As per news agency PTI, the combined investment in the joint venture is pegged at $20 million (around Rs 167…
UPS vs NPS: The answer depends on the age and risk profile of the individual. (AI image) NEW DELHI: The extension of the deadline for choosing between the New Pension System (NPS) Unified Pension Scheme (UPS) to September 30 has given government employees some more time to decide. The government has also clarified that the…
The European Union’s latest sanctions will adversely affect countries including India, Turkey, and the UAE. (AI image) Russian oil sanctions by the European Union could dent India’s $15 billion fuel exports, the Global Trade Research Initiative (GTRI) has warned. The EU’s 27 member states have introduced their 18th sanctions package against Russia, primarily targeting the…
India’s electronics exports surged by 47 per cent in the April-June quarter of FY26, reaching USD 12.41 billion, with the US, UAE, and China emerging as the top destinations, commerce ministry data showed. The United States alone accounted for a dominant 60.17 per cent share, followed by the UAE (8.09 per cent), China (3.88 per…
NEW DELHI: Luxury fashion house Prada has denied violating the Geographical Indication (GI) rights associated with Kolhapuri chappals, after featuring sandals inspired by traditional Indian footwear in its Spring/Summer 2026 menswear collection in Milan.In response to a Rs 500 crore legal notice, Prada’s legal team said it did not use the term ‘Kolhapuri’ or any…
This is an AI-generated image, used for representational purposes only. India is inching closer to a major milestone in its semiconductor journey, with the country expected to produce its first commercial-scale, made-in-India semiconductor chip this year. Union electronics and IT minister Ashwini Vaishnaw made the announcement on Saturday while addressing the 14th convocation ceremony of…
Representative image (AP) Japanese auto major Honda is aiming to capture a 30 per cent share in India’s two-wheeler market by 2030 as part of its broader global strategy to command half of global two-wheeler sales, said Tsutsumu Otani, President of Honda Motorcycle & Scooter India (HMSI). “Considering the Indian market size, we want to…
Foreign investors have pulled out Rs 5,524 crore from Indian equities so far in July, turning net sellers after three months of buying, amid US-India trade tensions and mixed earnings. Total outflows for 2025 have now reached Rs 83,245 crore, according to depository data.Himanshu Srivastava, Associate Director – Manager Research, Morningstar Investment Research India, told…
