NEW DELHI, Sept 15: Finance Minister Nirmala Sitharaman on Monday emphasised the need for regulations that foster technology innovation in a responsible manner, particularly in artificial intelligence (AI), rather than stifling it. The Government is determined to not only adopt AI technologies but also ensure their responsible application across various sectors, she said while releasing the report AI for Viksit Bharat: The Opportunity for Accelerated Economic Growth. We do not want regulation t

NEW DELHI, Sept 15: Passenger vehicle dispatches from companies to dealers declined 9 per cent year-on-year to 3,21,840 units in August. Passenger vehicle wholesales stood at 3,52,921 units in August 2024. Two-wheeler dispatches, however, rose 7 per cent year-on-year to 18,33,921 units last month, as compared to 17,11,662 units in the year-ago period, the Society of Indian Automobile Manufacturers (SIAM) said in a statement on Monday. (PTI) The post Passenger vehicle dispatches decline 9 pc to

NEW DELHI, Sep 12: Retail inflation in August rose slightly to 2.07% from 1.61% in the preceding month, mainly due to an increase in prices of vegetables, meat and fish, according to a government data released on Friday (September 12, 2025). The inflation based on the consumer price index (CPI) was 3.65% in August 2024. The annual inflation during August 2025 over August 2024 was at (-) 0.69%, according to the data released by the National Statistics Office (NSO). An [] The post Retail Inflation

NEW DELHI, Sept 12: FSIB, the headhunter for directors of state-owned banks and financial institutions, has recommended Ravi Ranjan for the position of managing director of State Bank of India (SBI). Ranjan, currently Deputy Managing Director, would replace Managing Director Vinay M Tonse, who would complete his term on November 30, 2025. Financial Services Institutions Bureau (FSIB) interviewed nine candidates on September 11, 2025, for the position of Managing Director (MD) in SBI, the Bureau

NEW DELHI, Sept 11: State-owned Indian Renewable Energy Development Agency (IREDA) on Thursday said it has raised Rs 453 crore through issuance of perpetual bonds. The issue drew strong investor interest, with total bids worth Rs 1,343 crore against the base size of Rs 100 crore and a Green-Shoe option of Rs 400 crore, a company statement said. This resulted in oversubscription by 2.69 times, reflecting growing confidence in IREDAs role as a leading financier of Indias renewable energy [] The p

NEW DELHI, Sept 10: Fitch Ratings on Wednesday upped Indias GDP growth forecast for current fiscal year to 6.9 per cent from 6.5 per cent earlier on the back of strong June quarter growth and domestic demand drivers. In its Global Economic Outlook-September, Fitch said the pace of economic activity accelerated sharply between the March and June quarters of current fiscal years, with real GDP growth rising to 7.8 per cent year-on-year, from 7.4 per cent in January-March. This was [] The post Fitc

Kathmandu, Sep 10: The Nepal Army on Wednesday imposed nationwide restrictive orders from morning till 5 pm, followed by a curfew until 6 am the next day, to curb any possible violence under the guise of protest. In a statement, the Army warned that any form of demonstration, vandalism, arson, or attacks targeting individuals and property during this period would be treated as criminal activity and dealt with accordingly. The restrictive orders are in effect throughout the country from morning [

MUMBAI, Sept 9: The rupee pared initial gains to settle 3 paise lower at 88.12 (provisional) against the US dollar on Tuesday, tracking persistent foreign portfolio outflows and global trade tensions. Forex traders said the rupee remained under pressure on worries over US tariffs on India and global trade uncertainties. Moreover, sustained foreign fund outflows also dented investor sentiments. At the interbank foreign exchange, the rupee opened at 87.98 against the US dollar and touched an intr

NEW DELHI, Sept 9: Jio Financial Services Ltd (JFSL) on Tuesday said the company and Allianz of Germany have incorporated a joint venture company named Allianz Jio Reinsurance Ltd (AJRL) to carry on the business of reinsurance in India. The company AJRL will invest an amount of Rs 2.50 lakh towards initial subscription of 25,000 equity shares of face value Rs 10 each for 50 per cent stake, JFSL said in a regulatory approval. AJRL has been incorporated pursuant [] The post Jio Financial Services

CHENNAI, Sept 9:Sundaram Home Finance has made its foray into Karnataka market and aims to make disbursements of Rs 60 crore during the first year of its operations, under the Emerging Business segment in the state. During the first phase of expansion, the Chennai-based company plans to set up 8-10 emerging business branches in Tier II and III towns in Karnataka, a press release said here on Tuesday. Sundaram Home Finance is a subsidiary of the non-banking finance company Sundaram [] The post Su

KATHMANDU, Sep 8: At least 19 people were killed and more than 300 others injured on Monday after police used force during protests by youths that rocked the Nepalese capital and other parts of the country over the governments ban on social media sites, officials said. Thousands of youths, including school students, under the banner of Gen Z, converged in front of the Parliament in the heart of Kathmandu and shouted anti-government slogans demanding immediate revocation of the ban. The [] The po

JAMMU, Sep 7: Heavy downpour again hampered the efforts of the National Highway Authority of India to restore traffic on the landslide-hit Jammu-Srinagar national highway which remained closed for the sixth consecutive day on Sunday, officials said. The pilgrimage to the Mata Vaishno Devi shrine atop Trikuta hills also remained suspended for the 13th straight day, while Border Roads Organisation (BRO) restored traffic on Basohli-Bani road in Kathua district after bypassing the damaged stretch, t

DUBAI, Sept 7: Undersea cable cuts in the Red Sea disrupted internet access Sunday in parts of Asia including India, and West East, experts said, though it wasnt immediately clear what caused the incident. There has been concern about the cables being targeted in a Red Sea campaign by Yemens Houthi rebels, which the rebels describe as an effort to pressure Israel to end its war on Hamas in the Gaza Strip. But the Houthis have denied attacking the [] The post Undersea cables cut in Red Sea, disr

NEW DELHI, Sep 5: The time-tested partnership between India and Bhutan continues to move from strength to strength, External Affairs Minister S Jaishankar said on Friday after meeting Bhutanese Prime Minister Tshering Tobgay. Various bilateral issues figured in the Jaishankar-Tobgay talks. The Bhutanese prime minister is on a visit to India. Delighted to call on PM @tsheringtobgay of Bhutan this evening. Conveyed warm greetings of PM @narendramodi. Our unique and time-tested partnership continue

NEW DELHI, Sept 5: Hydraulic fitting manufacturer HyTech Engineers Ltd has filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises fresh issue of shares worth Rs 70 crore and an offer for sale (OFS) of 1.19 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Thursday. Proceeds of the fresh issuance would be used for procurement of new plant and machinery for expansion [] The post

NEW DELHI, Sept 5: Adani Power on Friday said it has received shareholders approval for a stock split in the ratio of 1:5 through a postal ballot notice issued on August 1, 2025. The resolution has been considered as duly passed with the requisite majority, as mentioned in the postal ballot notice dated August 1, a regulatory filing stated. According to the notice, each equity share of Rs 10 will be sub-divided into five fully paid-up equity shares of [] The post Adani Power gets shareholders n

NEW DELHI, Sept 3: Streets turned into streams and marketplaces into pools of murky water as residents of low-lying Delhi areas rushed to save their lives and belongings as the Yamuna continued to swell. From shopkeepers in Majnu ka Tila to families in Madanpur Khadar and Badarpur, many now live in makeshift shelters, waiting for the waters to recede. The Yamuna was flowing at 207 metres on Wednesday at 1 pm. Authorities evacuated people from low-lying areas and closed the [] The post Markets un

NEW DELHI, Sept 3:Realty firm Arkade Developers Ltd on Wednesday said it has bought 14,364 sq metre land in the Mumbai Metropolitan Region (MMR) for Rs 148 crore. In a regulatory filing, the company informed that it has entered into an MoU (memorandum of understanding) to acquire 100 per cent shareholding in Woollen and Textile Industries Ltd. The proposed acquisition includes a land parcel admeasuring 14,363.60 sq metres located in Bhandup (West). The total consideration for the deal is [] The

Tianjin [China], Sept 1: Prime Minister Narendra Modi on Monday presented Indias strong stance against terrorism, calling out the some countries for their open support of terrorism and reaffirming that such double standards are not acceptable. In his remarks at the 25th Meeting of the Council of Heads of State of the SCO in the Chinese port city of Tianjin, PM Modi said that Pahalgam terror attack was an open challenge to every county who believes in humanity, and urged [] The post No Double Sta

Tianjin, Aug 31: India and China should approach their relations from a strategic and long-term perspective, Chinese President Xi Jinping told Prime Minister Narendra Modi during their talks here on Sunday. The talks between the two leaders were held on the margins of the annual summit of the Shanghai Cooperation Organisation (SCO) being held here from Sunday to Monday. Both sides need to approach and handle our relationship from strategic heights and long-term perspective so as to realise the s

NEW DELHI, Aug 31:A clear picture regarding new GST rates at the earliest will help the overall auto industry, including the luxury car segment, to regain momentum in the ongoing quarter, which generally sees enhanced sales on account of the festive season. The high-powered GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on September 3-4 to discuss moving to a two-slab taxation. In an interaction with PTI, BMW Group India President and CEO Hardeep Singh Brar said [] The p

TIANJIN, Aug 31: India is committed to taking forward its ties with China based on mutual trust, respect and sensitivity, Prime Minister Narendra Modi told Chinese President Xi Jinping as the two leaders held wide-ranging talks to reset the bilateral relations. In his televised opening remarks, Modi said the welfare of 2.8 billion people is linked to bilateral cooperation between India and China. The prime minister noted that there is peace and stability along the border following last years dis

MUMBAI, Aug 29:The rupee breached the 88-mark for the first time and closed at an all-time low of 88.19 (provisional) against the US dollar, registering a sharp decline of 61 paise amid heightened Indo-US trade deal tensions. Forex traders said the rupee is under persistent pressure amid the imposition of steep tariffs by the US compounded with persistent foreign fund outflows and month-end dollar demand. Moreover, a negative trend in domestic equities dented market sentiments. At the interbank

NEW DELHI, Aug 28:Navi Mumbai has nearly 24 million square feet of prime office spaces, accounting for 20 per cent of the total supply in the Mumbai Metropolitan Region (MMR), according to Cushman & Wakefield. Real estate consultant Cushman & Wakefield (C&W) on Thursday released a report, Navi Mumbai The Next Growth Corridor, highlighting that the occupancy level is also high at 87 per cent. The consultant noted that Navi Mumbai is emerging as an important office destination [] The post Navi M

NEW DELHI, Aug 25: State-owned NBCC Ltd has secured a contract to develop and market a 95-acre mixed-use project in Rajasthan with an estimated investment of around Rs 3,700 crore. In a regulatory filing on Monday, the company informed that it has been selected as the lead agency to design, build, and market the Rajasthan Mandapam Convention Centre, Global Capability Centre (GCC) Tower, IT Tower, luxury hotels, and new commercial and residential infrastructure on 95 acres of Rajasthan State []

NEW DELHI, Aug 24: The usage of 20 per cent ethanol-blended petrol in vehicles could lead to a 2-5 per cent drop in fuel efficiency, depending on the type of cars, according to automotive industry experts. In the midst of social media debate over the impact of E20 fuel on vehicles, automotive engineers working with some of the major automakers, whom PTI spoke to, said that in older vehicles, which are not E20 compliant, there could be erosion of gaskets, [] The post Fuel efficiency can drop by 2

New Delhi, Aug 23: Prime Minister Narendra Modi on Saturday asked space scientists to prepare for a deep space exploration mission to unravel the secrets that brighten the future of humanity. In a video address on the National Space Day, Modi announced that India was preparing to set up a pool of astronauts for future missions and urged the youth to be part of this group. We have reached the moon and Mars. Now, we have to peek into deep [] The post Deep Space Exploration Next, Prepare For It: Mo

Mumbai, Aug 22: The rupee fell 27 paise to close at 87.52 (provisional) against the greenback on Friday as domestic equity markets ended weaker and the US dollar strengthened ahead of the speech of Fed Chairman Jerome Powell. However, inflow of foreign funds and a drop in Brent crude prices supported the domestic unit at lower level. At the interbank foreign exchange, the local unit opened at 87.37 against the greenback and traded in the range of 87.32-87.55 before [] The post Rupee declines 27

MUMBAI, Aug 21: Stock markets extended the winning run to the sixth consecutive day on Thursday, with benchmark Sensex closing higher by nearly 143 points on buying in blue-chip shares ICICI Bank and Reliance Industries. The 30-share BSE Sensex climbed 142.87 points or 0.17 per cent to settle at 82,000.71 in a restricted trade. During the day, it rallied 373.33 points or 0.45 per cent to 82,231.17. As many as 14 Sensex shares closed higher, while 16 ended with losses. [] The post Stock markets e

New Delhi, Aug 21: Rajya Sabha on Thursday passed The Promotion and Regulation of Online Gaming Bill amid protests and sloganeering by the Opposition. Union Minister Ashwini Vaishnaw had moved The Promotion and Regulation of Online Gaming Bill as passed by Lok Sabha for consideration and passing in Rajya Sabha. Highlighting the aspects of the bill, the Union Minister explained that there are three aspects of the bill E-sports, Online Social Gaming and Online Money Gaming out of which [] The pos

NEW DELHI, Aug 18: The units of Knowledge Realty Trust, sponsored by realty firm Sattva Group and Blackstone, listed with a premium of 4 per cent on Monday against the issue price of Rs 100 per unit. The unit started trading at Rs 104, up 4 per cent from the issue price on the BSE. At the NSE, it listed at Rs 103, a premium of 3 per cent. The companys market valuation stood at Rs 47,328.35 crore. The [] The post Units of Knowledge Realty Trust lists with 4 pc premium appeared first on Daily Exc

JAMMU, Aug 17: Union Minister Jitendra Singh on August 17, 2025 said the civilian administration, military and paramilitary forces have swung into action to carry out rescue and relief operations in Jammu and Kashmirs Kathua district where four persons have died in a cloudburst. The cloudburst hit Jod Ghati village of Rajbagh during the intervening night of Saturday and Sunday, snapping access to the village and causing damage to land and property, they said. Spoke to SSP Kathua Sh. Shobhit [] T

NEW DELHI, Aug 13: Markets regulator Sebi has banned Dewan Housing Finance Corp Ltds former CMD Kapil Wadhawan, ex-director Dheeraj Wadhawan, and four others from the securities markets for up to five years and imposed a penalty totalling Rs 120 crore on them for diverting funds and fabricating books. Additionally, they have been restrained from holding any key position in a listed company for up to five years. Apart from Kapil and Dheeraj, restraints have been imposed on Rakesh [] The post DHF

New Delhi, Aug 12: Parliament on Tuesday passed the new Income Tax Bill, with the Rajya Sabha returning the legislation to the Lok Sabha. Finance Minister Nirmala Sitharaman introduced the two money bills The Income Tax Bill, 2025, and The Taxation Laws (Amendment) Bill, 2025. The Rajya Sabha returned the legislation with a voice vote to the lower house. The Income Tax Bill will replace the Income Tax Act, 1961. Explaining the reasons for bringing the new income tax [] The post Parliament Passe

NEW DELHI, Aug 12: Gold prices plunged Rs 1,000 to Rs 1,01,520 per 10 grams in the national capital on Tuesday in line with a sell-off in global markets, according to the All India Sarafa Association. On Monday, the precious metal of 99.9 per cent purity had settled at Rs 1,02,520 per 10 grams. In the local markets, gold of 99.5 per cent purity dipped Rs 1,000 to Rs 1,01,100 per 10 grams (inclusive of all taxes) on Tuesday. [] The post Gold plunges Rs 1,000 amid sell-off in global markets appea

NEW DELHI, Aug 11: Markets regulator SEBI has proposed introducing a single window access for low risk foreign investors seeking to participate in the Indian securities market, a move aimed at simplifying compliance and enhancing the countrys attractiveness as an investment destination. The new framework Single Window Automatic & Generalised Access for Trusted Foreign Investors (SWAGAT-FI), if implemented, would provide easier investment access to low risk foreign investors, enable a unified r

Chennai, Aug 10: After marking a humble beginning in Indian space programme with a tiny rocket supplied by the United States, ISRO would launch a 6,500 kg communication satellite built by the USA in the next couple of months, the Chairman of space agency, V Narayanan said on Sunday. Following the historic launch of NASA-ISRO Synthetic Aperture Radar (NISAR) mission onboard a GSLV-F16 rocket on July 30, ISRO would be launching another satellite for the United States, he said at [] The post ISRO t

NEW DELHI, Aug 10:BharatPe will raise funds before the initial public offer, but the listing will take place only when market conditions are favourable, a top official of the unicorn fintech firm said. BharatPe, last week, announced that it had achieved operational profitability after excluding the employee stock ownership plan. Whatever goals we set for ourselves, we have gone ahead and achieved themprofitability has to remain intact, and thereafter, once the market conditions are right, we wi

NEW DELHI, Aug 8: The Centre on Friday announced the subsidised retail sale price of tomatoes in the range of Rs 47-60 per kg in the national capital through the National Cooperative Consumers Federation of India (NCCF), to provide relief to buyers. The NCCF, which has been procuring tomatoes from Azadpur mandi since August 4, is retailing them with minimal margins, the consumer affairs ministry said. To date, NCCF has sold 27,307 kilograms of tomatoes at retail prices ranging from [] The post C

Mumbai, Aug 7: Benchmark equity indices Sensex and Nifty declined in early trade on Thursday as US President Donald Trump slapped an additional 25 per cent duty doubling it to 50 per cent on Indian goods over New Delhis continued imports of Russian oil. The move that is likely to hit sectors such as textiles, marine and leather exports hard was slammed by India as unfair, unjustified and unreasonable. With this action singling out New Delhi for the [] The post Stock Markets Decline In Early Tr

Shimla, Aug 6: Heavy rain led to the closure of 617 roads, including four national highways, and educational institutions in parts of Himachal Pradesh on Wednesday, officials said. The Kinnaur Kailash Yatra was suspended as the rain on Tuesday night left behind a trail of destruction along the Kinnaur Kailash Yatra route, they said. Moderate to heavy rain continued to lash parts of the state. Kasauli has received 145 mm of rain since Tuesday night, Dharampur 122.8 mm, Gohar 120 [] The post Heavy

Mumbai, Aug 6: In a unanimous decision the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) has kept the repo rate unchanged at 5.5 per cent in its August policy meeting. The decision was announced by RBI Governor Sanjay Malhotra on Wednesday. The Monetary Policy Committee (MPC), which met on the 4th, 5th, and 6th of August, carefully reviewed the latest economic and financial conditions before taking this decision. The Governor said that all six members of the MPC [] The post RBI Kee

New Delhi, Aug 5: Around 1,670 kilometres of additional roads have been constructed or blacktopped in Ladakh since it was granted Union Territory status in 2019, the Lok Sabha was informed on Tuesday. In a written reply, Minister of State for Home Affairs Nityanand Rai said that the Union Territory of Ladakh is now well equipped with snow-clearance machinery to ensure road connectivity during heavy snowfall. Helipads have also been constructed at various locations to improve overall connectivity

NEW DELHI, Aug 5: Gujarat retained its position as Indias top exporting state in 2024-25, with outbound shipments worth Rs 9.83 lakh crore, accounting for 26.6 per cent of the countrys total exports, FIEO said on Tuesday. It said despite a marginal dip from the previous year, Gujarats exports remained significantly ahead of all other states, nearly Rs 4.3 lakh crore more than Maharashtra (Rs 5,57,271 crore), the second-ranked state. Maharashtra is followed by Tamil Nadu, Karnataka, Uttar Prades