Reliance Industries has announced that its Jamnagar refinery, recognized as the largest in the world, is projected to not receive any oil shipments from Russia in January 2026. Furthermore, the company reported that there have not been any deliveries of Russian oil to the refinery in the preceding three weeks. This statement follows the company’s…
India’s electric two-wheeler market saw a major shift in 2025, with Ola Electric losing its dominant position to traditional manufacturers TVS Motor Company and Bajaj Auto. Data from the government’s Vahan portal shows Ola Electric’s market share dropped sharply from 36.7% in 2024 to 16.1% in 2025, marking a decline of more than half in…
The Union Cabinet has approved a major relief package for Vodafone Idea Limited (VIL), freezing its adjusted gross revenue (AGR) dues at ₹87,695 crore. The move is aimed at stabilizing the debt-ridden telecom operator and ensuring continuity of services for millions of subscribers across India. The Cabinet decision fixes the AGR dues as of December…
Union Minister for Electronics and Information Technology Ashwini Vaishnaw has announced that electronics has emerged as India’s third-largest export category, climbing from seventh place in recent years. He credited the transformation to the government’s Production Linked Incentive (PLI) scheme and Prime Minister Narendra Modi’s vision of building a comprehensive ecosystem for electronics manufacturing. According to…
Aggregate small‑business credit exposure in India reached Rs 46 lakh crore, up 16.2 per cent year‑on‑year, a report said on Friday. The report from CRIF High Mark and SIDBI said that active loan accounts grew 11.8 per cent to 7.3 crore, supported by policy measures and government credit schemes for micro, small and medium enterprises….
With 18 free trade agreements (FTAs) already in place and more expected in 2026, India should shift its focus from negotiating new deals to maximizing export benefits from existing ones, particularly in sectors such as electronics, engineering, and textiles, according to a report by the Global Trade Research Initiative (GTRI). The report highlighted that India’s…
State-owned NBCC (India) Ltd has bought nearly 15,000 sq ft of land in Dubai for AED 15 million (Rs 37 crore) to develop a mixed-use project, as part of its plan to expand the real estate business overseas. In a regulatory filing on Wednesday, the company said that it has taken a step in the…
The Indian stock market benchmarks, the Sensex and the Nifty 50, ended lower on Wednesday, December 24, due to profit booking in select heavyweights, including Reliance and ICICI Bank, amid mixed global cues. The Sensex dropped 116 points, or 0.14%, to close at 85,408.70, while the Nifty 50 settled at 26,142.10, down 35 points, or…
The Ministry of Statistics and Programme Implementation (MoSPI) does not expect a significant change in India’s GDP growth estimates after the release of the revised national accounts series in February next year, MoSPI Secretary Saurabh Garg said on Tuesday. “Too early to say on its impact on GDP numbers. In general, we don’t expect much…
Adani Group plans to invest Rs 1 lakh crore in its airports business over the next five years, betting on sustained growth in India’s aviation sector, which is expected to expand at 15-16 per cent annually, a top group official said. “On the airport side, Rs 1-lakh crore in the next five years,” Jeet Adani,…
