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Posted in Economy

India’s trade deficit narrows on month to $27.1 billion in Feb; Tariff uncertainty, Iran conflict loom

India’s merchandise trade deficit widened to $27.10 billion in February 2026, compared with $14.42 billion in the same month last year, with exports at $36.61…

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PhonePe has enabled biometric payments on its UPI app.
Posted in Business

PhonePe IPO put on hold as Iran war rattles stock market| Business News

PhonePe Ltd. has deferred its much-awaited IPO in India, citing the impact of the ongoing Iran war on investor sentiment and the wider stock market….

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Wholesale inflation at 11-month high of 2.13%

India’s wholesale inflation rose to an 11-month high of 2.13% year-on-year in February, from 1.8% in January, driven by higher prices of food and non-food…

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India’s basmati rice exports to stay steady despite Middle East conflict: Crisil

An analysis of 47 companies rated by Crisil Ratings, accounting for 60% of the overall Indian basmati rice industry revenue, show that basmati export volume…

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India’s wholesale inflation hits 11-month high of 2.13% in February

India’s wholesale inflation climbed to an 11-month high in February as price pressures from manufactured goods and some primary commodities strengthened, even as fuel prices…

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Mankind Pharma, Ajanta Pharma, Sun Pharma, Dr. Reddy’s and Lupin are gearing up to sell generic versions of Semaglutide, the molecule behind the blockbuster Ozempic weight-loss drug. (AP)
Posted in Business

Prices of weight-loss drugs set to halve in India as Ozempic patent expires this week| Business News

Swati Pradhan sees about 12 obesity patients a day at her small clinic in southern Mumbai. She expects this number to at least double from…

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Huawei Technologies has been in collaboration with Hua Hong Group's Huali Microelectronics for the 7 nm AI chip. (Pixabay)
Posted in Business

China’s Hua Hong readies 7 nm AI chip as Beijing steps up self-sufficiency drive| Business News

China’s Hua Hong Group has developed advanced chip manufacturing technology that can be used to produce AI chips, four people familiar with the matter said,…

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The government is set to scrap the bids it received for a majority stake in IDBI Bank as the amounts were below the minimum price sought. (Mint)
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IDBI Bank shares tumble after govt stake sale plans reportedly scrapped| Business News

The stock of IDBI Bank Ltd. fell the most since at least June 2024 after reports that the government has decided to scrap its stake-sale…

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Modi-govt walks fine line between Iran and US as war hits economy

India’s Prime Minister Narendra Modi is stepping up engagement with Iran as a worsening conflict in the Middle East causes severe gas shortages in the…

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The Adani House in Ahmedabad. Roughly 70% of Adani Total Gas' volume is sourced domestically, which prioritises households and vehicles, while the rest 30% relies on LNG imports. (Reuters)
Posted in Business

Adani Total Gas cuts industrial gas prices as supply crunch eases amid Iran war| Business News

Adani Total Gas Ltd., a joint venture of India’s Adani Group and Total Energies SA of France, has cut prices for excess natural gas supplied…

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