Month: August 2026

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Posted in Economy

RBI likely to hold repo rate at 5.25%, market to focus on policy guidance: Nuvama

New Delhi: The Reserve Bank of India (RBI) is likely to keep the repo rate unchanged at 5.25% at the upcoming Monetary Policy Committee (MPC)…

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Samudra Manthan budgets  ₹43,200 crore for 60 offshore oil wells and offers government support for drilling costs. (Reuters/Representative image)
Posted in Business

Why it’s tough to go digging for oil in the oceans — and why India is spending ₹84,084 crore trying to

The Union cabinet on Friday approved Samudra Manthan, a ₹84,084 crore scheme to hunt for oil and gas off India’s coast. The plan, over five…

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India’s gross GST collections rise 15.4% to Rs 2.11 lakh crore in July

India’s gross Goods and Services Tax (GST) collections rose 15.4% year-on-year to Rs 2.11 lakh crore in July 2026, driven by robust domestic revenues and…

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Posted in Economy

RBI’s FCNR, forex schemes draw $40.81 billion in inflows so far

MUMBAI: Steps by India’s central ​bank to ​draw more capital flows into the ​country and support the rupee have brought in $40.81 billion, according to…

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Posted in Economy

Indian companies are about to raise prices, putting RBI’s inflation outlook to test

India’s largest consumer companies are gearing to raise prices on products from toothpaste to tires and paint ahead of the festival season and for the…

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Posted in Economy

India’s envoy Vinay Mohan Kwatra meets US official Allison Hooker, discusses advancing bilateral ties

Washington: India’s ambassador to the US, Vinay Mohan Kwatra, has met senior US Department of State official Allison Hooker and discussed advancing the bilateral partnership….

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Mercury rising
Posted in Economy

Climate change could erase thousands of jobs in India’s cities by 2050: World Bank

New Delhi: Indian cities are set to lose hundreds of thousands of jobs over the coming decades as extreme heat makes outdoor work unsafe, raising…

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