Business

India has become the world’s second-largest mobile phone manufacturer and exporter, Prime Minister Narendra Modi said on Saturday, highlighting the country’s efforts to build a complete electronics and semiconductor ecosystem.Speaking after inaugurating the CG Semi Outsourced Semiconductor Assembly and Test (OSAT) facility, PM Modi said that India was now building the entire electronics value chain,…

Union petroleum and natural gas minister Hardeep Singh Puri on Saturday pushed back against social media claims surrounding ethanol-blended fuel, saying that the government welcomes constructive criticism but not misinformation about the biofuel programme.Referring to the recent online debate, Puri said people were free to point out shortcomings in the government’s work and assured them…

With the India-UK trade pact set to take effect in 10 days, the finance ministry has notified the rules that will determine the origin of goods eligible for benefits under the Comprehensive Economic and Trade Agreement (CETA).The trade pact is set to come into force on July 15. The notification issued by the Central Board…

As E20 ethanol-blended petrol becomes the norm across the country, concerns are rising about its impact on vehicles and safety. Industry experts have sought to soothe these concerns, saying that the fuel has undergone years of testing and is safe even for vehicles made before the E20 rollout. Executives have assured consumers over the use…

The Strait of Hormuz disruption served as a stark reminder of how vulnerable global energy supplies can be. Now, India is responding with a major push to strengthen its energy security.Prime Minister Narendra Modi on Saturday inaugurated the HPCL Rajasthan Refinery Limited (HRRL) project, the country’s first greenfield integrated refinery-cum-petrochemical complex. He also launched and…

India’s total exports in FY26 – which consists of exports of goods as well as services – stood at $0.87 trillion. (AI image) India is aiming to hit a key target this year: $1 trillion in exports. Calling it an ‘ambitious target’, Commerce minister Piyush Goyal has said that around 16-17% growth in merchandise exports…

India is set to get its first bullet train ride by 2027! Union railway minister Ashwini Vaishnaw on Saturday announced that the first operational section of the bullet train project will be ready in 2027, saying that construction on the Mumbai-Ahmedabad High-Speed Rail Corridor has crossed the 80% mark.Speaking on the sidelines of the Commencement…

File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has praised India’s economic performance, saying the country is “doing very well”, marking a sharp shift from his remarks last year when he described India as a “dead economy” amid trade tensions.Speaking in an interview with CNBC on Thursday ahead of the…

Representative image (Picture credit: Reuters) India has allowed four Chinese power equipment manufacturers with production facilities in the country to participate in government tenders for critical power projects, according to a finance ministry order dated June 24.The exemption applies to TBEA Energy, Nanjing Electric India, New Northeast Electric India and Taikai Electric (India).The order follows…

File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump on Friday claimed that the American economy was “soaring”, pointing to record stock market performance, rising exports, increased investment and tax cuts as signs that the country had entered a new period of economic growth.In a post on his Truth Social platform,…