New Delhi, Jun 23: The IRCTC has decided to serve Kashmiri vegetarian cuisine to passengers travelling on the Katra-Srinagar Vande Bharat train from the second week of July. We are working out a plan to serve local cuisine on the Katra-Srinagar Vande Bharat train and it is expected to start from the second week of July, Anand Kumar Jha, Additional General Manager, IRCTC, said. Popular local cuisine, such as ambal kaddu, babru, Jammu paratha in breakfast and paneer chaman, Kashmiri [] The post IR

NEW DELHI, June 23: BluPine Energy on Monday said it has secured Rs 2,416 crore debt financing for its 150 MW Firm and Dispatchable Renewable Energy (FDRE) Power Project in Aland, Karnataka. The project, undertaken by its wholly-owned subsidiary Solarcraft Power India 16 Pvt Ltd, is being developed under the SJVN 1,500 MW FDRE tender dated June 20, 2023, a company statement said. BluPine Energy Pvt Ltd (henceforth BluPine Energy), an Actis-backed leading renewable energy platform, today (Monday

MUMBAI, June 22: Diamond jewellery brand Zen Diamond plans to open 100 stores across India by 2030, especially in quality malls, a senior company executive has said. The company has two stores in Mumbai, and has signed up for three more, two in the south and one in the north, taking the total to five by the end of this calendar year., according to the official. We are looking at retail expansion in India. We are planning to [] The post Zen Diamond looks to open 100 stores in India in 5 years a

LAHORE, Jun 21: Pakistans Defence Minister Khawaja Asif and a close aide of ruling PML-N president and former prime minister Nawaz Sharif has said the country is being governed under a hybrid model in which the military enjoys the major power share. This is the second time this week that Asif, a prominent member of the incumbent Prime Minister Shehbaz Sharif cabinet, admitted to the hybrid model, criticised as not mixed but a fixed government to serve subsidiary interests by [] The post Pak defe

KOLKATA, June 18: Suraksha Diagnostics on Wednesday said it will invest Rs 200 crore to set up over 20 advanced imaging centres across eastern India. The plan, which will be executed in collaboration with United Imaging, is aimed at expanding access to advanced diagnostic services in tier 2 and tier 3 cities, enhancing both affordability and healthcare quality in smaller towns and semi-urban regions, it said. No timeline was, however, revealed for the investment rollout. This collaboration will

MUMBAI, June 18: Supervisory Data Quality Index of commercial banks has improved to 89.3 in March 2025 compared to 88.6 in the year-ago period, the Reserve Bank said on Wednesday. The RBI has created a Supervisory Data Quality Index (sDQI) that measures data quality in terms of the accuracy, timeliness, completeness and consistency in various key financial parameters, including bad loans, asset-liability and capital adequacy. The index will help the regulator to assess the financial health of c

NEW DELHI, June 18:Glenmark Pharmaceuticals on Wednesday said the US health regulator has issued a Form 483 with five observations after inspecting its Monroe manufacturing plant in the US. The US Food & Drug Administration (USFDA) conducted a Good Manufacturing Practice (GMP) inspection at the companys manufacturing facility situated in Monroe, North Carolina from June 9 to June 17, 2025, the Mumbai-based drugmaker said in a regulatory filing. At the end of the inspection, the company was issu

Nicosia, Jun 16: India will soon become the third-largest economy in the world, Prime Minister Narendra Modi has said, highlighting myriad economic opportunities the country offers to companies from Cyprus. Modi, who is in Cyprus on the first leg of his three-nation tour, made the remarks as he, along with Cypriot President Nikos Christodoulides, attended a business roundtable on Sunday in Limassol, a city on the southern coast of Cyprus. The Prime Minister highlighted Indias rapid economic tran

Addresses closing ceremony of Viksit Krishi Sankalp Abhiyan Excelsior Correspondent SRINAGAR, June 14: Lieutenant Governor Manoj Sinha today addressed the closing Ceremony of Viksit Krishi Sankalp Abhiyan at SKUAST Kashmirs Mountain Research Centre for Field Crops at Khudwani-Kulgam. In his address, the Lieutenant Governor commended the valuable contribution of everyone associated with the Viksit Krishi Sankalp Abhiyan for marking a transformative step, through this initiative, toward building a

NEW DELHI, June 12:Czech carmaker Skoda is looking to scale up its pre-owned car business, enter the CNG segment and expand sales network as it aims to double volumes in the Indian market this year, according to a top company executive. The carmaker, which sold around 36,000 units in the country last year, expects its SUV portfolio, which now includes a compact SUV , to push its sales volume and market share in the country. We are looking to [] The post Skoda to scale up pre-owned biz, bolster

New Delhi, Jun 9: The Congress on Monday said the Modi government in the last 11 years has dealt a deep blow to the countrys democracy, economy and social fabric. In a post on X, Congress president Mallikarjun Kharge alleged that the government has only smeared the ink of dictatorship on every page of the Constitution in these 11 years. The BJP-RSS has weakened every constitutional institution and attacked their autonomy, he said. Whether it is going against public [] The post Last 11 years a b

NEW DELHI, June 8: Telecom operator Airtel has approached over 40 banks, as well as RBI and NPCI, proposing a close collaboration and a unified front to curb digital frauds, including sharing intelligence over repository of known fraudulent financial domains. Airtel has dialled NPCI, proposing a closer collaboration to create a repository of known malicious financial domains, to enable proactive blocking of malicious and rogue sites and to build a multi-layered defence to combat digital frauds.

NEW DELHI, June 8: Life Insurance Corporation of India (LIC) on Sunday said Sat Pal Bhanoo has given additional charge of MD and CEO of the insurance company following approval of the Department of Financial Services. The Department of Financial Services, Ministry of Finance, vide its letter dated June 7, 2025 conveyed the approval of the competent authority, entrusting the financial and administrative powers and functions of the CEO and MD of the Corporation, for a period of 3 [] The post Sat

NEW DELHI, June 8: India is set to overtake Japan to become the worlds fourth-largest economy, but must not become complacent, as the country remains far behind Japan in GDP per capita terms, WEFs former MD Claude Smadja said. According to IMF data dated April 2025, Indias GDP per capita of USD 2,878.4 is approximately 8.5 per cent of Japans GDP per capita of USD 33,955.7, meaning Japans per capita income is about 11.8 times higher than Indias. Yes, it [] The post India topping Japan economy no

NEW DELHI, Jun 7: Congress leader Jairam Ramesh took a swipe at Prime Minister Narendra Modi on Saturday, describing him as Swayam Udghoshit Vishwaguru, and asked whether during his meetings at the G7 Summit, he would update his Canadian counterpart, Mark Carney, on India being the third-largest economy. Carney had, while justifying his invite to India for the G7 Summit in Kananaskis, Alberta, later this year, said some countries should be at the table for the discussions at the summit. [] The p

NEW DELHI: (Jun 5) The Vande Bharat train service between Katra and Srinagar in Jammu and Kashmir will start commercial operations from June 7, the Northern Railway said on Thursday. The train will be inaugurated by Prime Minister Narendra Modi on Friday. The Indian Railway Catering and Tourism Corporation (IRCTC) platform will start reflecting these trains for prospective passengers to book tickets after the inauguration, an official said. The post Katra-Srinagar Vande Bharat train service to s

NEW DELHI, June 4: Indias exports to the US are rising, and it can increase imports of products like shale gas, LNG, and crude oil from America to diversify its import basket, as prices of these items are lower in the US, an official said. Teams of both countries will start next round of talks this week here on the proposed bilateral trade agreement. Though India is looking for a balanced and a mutually beneficial trade agreement with the [] The post India can increase imports of shale gas, LNG

NEW DELHI, Jun 3: Medical representatives have been prohibited from meeting doctors in central government hospitals to safeguard patients interests and maintain ethical standards. The Directorate General of Health Services (DGHS) has instructed all central government-run hospitals not to permit medical representatives in the hospital premises. This is in reference to the earlier instructions regarding not permitting entry of Medical Representative in hospital premises. In this regard it is once

JAMMU, Jun 2: The Jammu and Kashmir Real Estate Regulatory Authority (JKRERA) has imposed a penalty of 10,00,000 (Rupees Ten Lakhs only) on real estate developers for failing to register their ongoing real estate project located at Sang Talab, Raipur Domana, with the Authority. The penalty of Rs. 10 lakh has been imposed for violation of Section 3 (1) of the Real Estate (Regulation and Development) Act 2016. The Authority took suo-motu cognizance of the violation and initiated proceedings under

Mumbai, May 29: The country is poised to remain the fastest growing major economy in the world even in FY26, the Reserve Bank said on Thursday. The benign inflation outlook and a moderation in GDP expansion warrant the monetary policy to be supportive of growth going forward, the RBI said in its annual report. the Indian economy is poised to remain the fastest-growing major economy in 2025-26 by leveraging its sound macroeconomic fundamentals, robust financial sector and commitment towards susta

BEIJING, May 28: European companies are cutting costs and scaling back investment plans in China as its economy slows and fierce competition drives down prices, according to an annual survey released Wednesday. Their challenges reflect broader ones faced by a Chinese economy hobbled by a prolonged real estate crisis that has hurt consumer spending. Beijing also faces growing pushback from Europe and the United States over surging exports. The picture has deteriorated across many key metrics, the

NEW DELHI, May 28: Panattoni India will invest about Rs 210 crore to develop a 25-acre industrial and logistics park at Hosur in Tamil Nadu as part of its expansion plan. This will be the second project for Panattoni in India. It is already developing a project in the Delhi-NCR market. Panattoni India Development Pvt Ltd is a part of the Panattoni Group, one of the largest industrial real estate developers in the world. Our foray into the Hosur [] The post Panattoni India to invest Rs 210 cr to

NEW DELHI, May 27: Maruti Suzuki India on Tuesday said it has launched a comprehensive training program to handle high voltage systems required for electric and hybrid vehicles. The customised training program has been introduced across 130 Industrial Training Institutes (ITIs) in 24 states and four Union Territories across the country, the countrys largest carmaker said in a statement. The training will serve as one of the critical key enablers in faster adoption of EVs in the country, it [] T

NEW DELHI, May 26: NITI Aayog member Arvind Virmani on Monday said India is set to become the fourth largest economy in the world by overtaking Japan by the end of 2025. The International Monetary Fund (IMF), in its World Economic Outlook (WEO) report released in April had said that India is expected to be the fourth largest economy in the world with a GDP of USD 4.19 trillion in 2025, ahead of Japan. India is in the process of [] The post India to become 4th largest economy by end of 2025: NITI

New Delhi, May 26: The Enforcement Directorate has said it seized cash of Rs 1.70 crore and documents related to immovable assets during searches conducted against Jaypee Infratech Ltd (JIL), Jayprakash Associates Ltd (JAL) and other entities in an alleged homebuyers fraud case linked money laundering investigation. The raids were carried out at 15 premises in Delhi, Noida, Ghaziabad and Mumbai on May 23 under the Prevention of Money Laundering Act (PMLA). The search covered offices and premises

Development proves prophets of doom wrong Nishikant Khajuria JAMMU, May 25: Union Minister Dr Jitendra Singh today said that coinciding of Operation Sindoor with Indian economy rising to rank four in world establishes the countrys recent assertive and confident global posture under the leadership of Prime Minister Narendra Modi. In a rapid stride and giant leap towards Viksit Bharat, Indias economy has overtaken Japan rising from rank 5 to rank 4 and let us not forget that this development has [

NEW DELHI, May 25: India has become the fourth largest economy in the world, overtaking Japan, NITI Aayog CEO BVR Subrahmanyam has said. Subrahmanyam said the overall geopolitical and economic environment is favourable to India. We are the fourth largest economy as I speak. We are a USD 4 trillion economy as I speak, he said. Citing IMF data, Subrahmanyam said India today is larger than Japan. Till 2024, India was the fifth-largest economy in the world. It is only [] The post India has become 4t

New Delhi, May 25: India has become the fourth largest economy in the world, overtaking Japan, NITI Aayog CEO BVR Subrahmanyam has said. Subrahmanyam said the overall geopolitical and economic environment is favourable to India. We are the fourth largest economy as I speak. We are a USD 4 trillion economy as I speak, he said. Click Here To Join Daily Excelsior on WhatsApp And Get Latest News Citing IMF data, Subrahmanyam said India today is larger than Japan. Till [] The post India Has Become 4t

New Delhi, May 24: The southwest monsoon reached Kerala on Saturday, marking its earliest onset over the Indian mainland since 2009 when it began on May 23, the India Meteorological Department (IMD) said. Normally, the southwest monsoon makes its onset over Kerala by June 1 and covers the entire country by July 8. It starts retreating from northwest India around September 17 and withdraws completely by October 15. The monsoon set in over the southern state on May 30 last [] The post Monsoon Reac

CHANDIGARH, May 24: Pharma major Venus Remedies on Saturday said it has successfully renewed its good manufacturing practices (GMP) certification from Ukraines State Service on Medicines and Drugs Control (SMDC). The certification applies to the companys Unit-II manufacturing facility located in Baddi, Himachal Pradesh, covering its cephalosporin, non-cephalosporin (carbapenem), and oncology parenteral production lines, including liquid and lyophilized injections, Venus Remedies said in a state

NEW DELHI, May 22: Century Real Estate has raised Rs 1,850 crore debt to expand its business and encash strong demand for properties. The company will use this fund in both ongoing and upcoming housing and commercial projects. In a statement on Thursday, Bengaluru-based Century Real Estate said it has secured Rs 1,850 crore in debt funding, led by Ares Asia and SC Lowy. The fund will help in driving the companys expansion strategy and supporting both new and [] The post Century Real Estate rais

NEW DELHI, May 22: IndusInd Bank may face muted financials in the medium to near-term, and the new MD and CEO will have an uphill task of resurrecting the bank and regaining investor trust, brokerages said on Thursday after the beleaguered bank reported its biggest net loss in 20 years. Most brokerages see downside in shares of IndusInd Bank, which posted a net loss of Rs 2,329 crore, marking one of the worst quarters in terms of both financial [] The post IndusInd Bank to report muted financia

NEW DELHI, May 22: Garments manufacturer and exporter SBC Exports on Thursday said it plans to launch the initial public offering of its travel and tour subsidiary Mauji Trip in the current financial year. The companys board has approved the proposal to launch the IPO of the wholly-owned travel arm in FY2025-26, the company said in a statement. Details and terms of the initial share sale and issue size will be announced in the due course subject to necessary [] The post SBC Exports plans to lau

NEW DELHI, May 21:Indias largest IT company Tata Consultancy Services (TCS) on Wednesday said it has clinched an add-on Advance Purchase Order (APO) for about Rs 2,903 crore from state-owned telecom corporation BSNL. The order is for planning, engineering, supply, installation, testing, commissioning and annual maintenance of 4G mobile network at 18,685 sites, TCS said in a regulatory filing. TCS said that detailed purchase orders will be issued by Bharat Sanchar Nigam Limited (BSNL) to the com

NEW DELHI, May 20:A NITI Aayogs working paper has proposed amendment and revision in defence laws to develop a resilient and efficient defence supply chain in the face of evolving geopolitical tensions, cybersecurity threats, and global supply chain disruptions. The Aayog in the working paper said a resilient and efficient defence supply chain is vital for national security and operational readiness, and it is imperative to develop a robust logistics strategy that ensures supply chain resilienc

NEW DELHI, May 19:Countrys largest lender State Bank of India (SBI) has cut fixed deposit rates by 20 basis points across tenors effective May 16. As per the banks website, the cut in interest rates on retail domestic term deposits below Rs 3 crore is applicable for both general public and senior citizens. Deposits for 2 years to less than 3 years gives the maximum interest to investors at 6.7 per cent, followed by 3 years to less than [] The post SBI cuts fixed deposit rates by 20 bps appeared

NEW DELHI, May 19:Agriculture Minister Shivraj Singh Chouhan on Monday said the country is likely to achieve 3.5 per cent farm sector growth rate during 2025-26, as he announced a pan-India 15-day campaign to educate farmers about new technologies before the ensuing kharif sowing. Globally, agriculture growth of 1.5-2 per cent is considered to be good. India is achieving at least 3 to 3.5 per cent growth rate. We expect to achieve 3-3.5 per cent growth even in the [] The post Indias farm sector

NEW DELHI, May 18: Indias coal import declined 1.7 per cent to 263.56 million tonnes in the 2024-25 financial year. The countrys coal import was 268.24 million tonnes (MT) in 2023-24. During 2024-25, non-coking coal import was 167.10 MT, lower than 175.96 MT imported in the previous year. Coking coal imports was at 54.08 MT in 2024-25 as against 57.22 MT in 2023-24. According to data compiled by mjunction services ltd a B2B e-commerce platform coal import in [] The post Indias coal import drop

TOKYO, May 16: The Japanese economy contracted at an annual rate of 0.7% in the first quarter, according to government data released Friday, as US President Donald Trumps trade war hurt exports and dented consumer confidence. Japans real gross domestic product, or the measure of a nations goods and services, shrank at a greater-than-expected 0.2% in January-March compared to the previous quarter in the first contraction in a year, the Cabinet Offices seasonally adjusted preliminary data showed.

MUMBAI, May 15: Financial technology firm Zaggle on Thursday said it has partnered with travel and expense solutions provider Mesh Payments to tap the global spend management market. Zaggle, in a statement, said that its association with Mesh Payments will enable Indian MNCs to manage global expenses across the US, Europe, and Latin America using Meshs capabilities to issue corporate cards in global markets. Meshs global clients operating in India, through their GCCs, can leverage Zaggles spend

NEW DELHI, May 15:Shapoorji Pallonji Real Estate (SPRE), in partnership with KREEVA and ASK Property Fund, on Thursday launched a luxury housing project in Gurugram with a revenue potential of Rs 1,400 crore. In October last year, Shapoorji Pallonji Real Estate (SPRE) formed a joint venture with Kanodia Groups real estate venture Kreeva to develop a residential project, spread over 1.75 acre, in Sector 46, Gurugram. On Thursday, SPRE launched this new project The Dualis comprising 198 [] The

Excelsior Correspondent SRINAGAR, May 13: Nearly 1.5 lakh people have been affected as the tourism economy comes crashing down following the Pahalgam terror attack, in which 26 tourists were killed. People directly associated with tourism-especially in Pahalgam-say they have been left with nothing, with hardly any tourists seen around. Ponywalas, nearly 4,000 in number, are among the worst hit. Many say they are struggling to feed their families, sitting idle at home. Nisar Ahmad Wani, a ponywal

Dubais real estate market has solidified its position as a global leader, attracting investors with its dynamic growth, innovative projects, and investor-friendly policies. In 2024, the emirate recorded 226,000 real estate transactions worth AED 761 billion, a 36% increase in volume from the previous year, driven significantly by off-plan developments. This article explores the factors propelling Dubais dominance in global real estate investment trends, spotlighting key off-plan projects that ex

NEW DELHI, May 13:Indias seven major cities will witness a fresh supply of 16.6 million (166 lakh) sq ft of prime retail spaces in shopping malls by the end of the next year, according to Anarock. Real estate consultant Anarock data shows that over 16.6 million (166 lakh) sq ft of Grade A supply will be added in new shopping malls, likely to open during the 2025 and 2026 calendar years. Hyderabad and Delhi-NCR will command the lions share [] The post Multiple shopping malls to open by 2026 in 7

NEW DELHI, May 12: Japanese small car major Suzuki Motor Corporation on Monday said overall passenger vehicle wholesale in the Indian market is expected to grow around 1-2 per cent in 2025-26, with the companys arm Maruti Suzuki looking to outpace industry growth. The company which has earmarked total capital expenditures of 380 billion yen for 2025-26 said investments in India will account for approximately 50 per cent of it with plans to increase production capacity of passenger vehicles. []

MUMBAI, May 12: Civil aviation authorities have decided to reopen 32 airports that were shut for civil flight operations following last weeks armed conflict between India and Pakistan, official sources said on Monday. A formal announcement regarding the resumption of operations at these airports is expected to be announced soon, the sources added. Civil flight operations from 32 airports across northern and western India, including Srinagar and Amritsar, were suspended from May 9 to May 15 due t

NEW DELHI, May 11: The domestic two-wheeler industry is expected to sustain growth momentum this fiscal, aided by income tax relief, enhanced spending on infrastructure and expectations of a normal monsoon, TVS Motor Company CEO KN Radhakrishnan has said. Overall, two-wheeler registrations rose 8 per cent to 1,88,77,812 units in FY25 compared to 1,75,27,115 units in 2023-24. Overall growth momentum in the domestic market, we are expecting, is likely to be like last year, Radhakrishnan told analy

NEW DELHI, May 9: With the IPL suspended, its broadcast and streaming rights holder JioStar on Friday said the company stands firmly committed to prioritise national interest over all other considerations, while extending support to the government and armed forces. The company said it will work with the BCCI to bring back IPL, which has been suspended for a week because of the deepening military confrontation between India and Pakistan, at an appropriate time. We, at JioStar, wholeheartedly sup

NEW DELHI, May 8: Auto components maker Uno Minda on Thursday said its board has approved setting up a new manufacturing plant for two-wheeler alloy wheels in Haryana at an investment of around Rs 200 crore. The company board has given its go-ahead for setting up the manufacturing facility at Bawal in Haryana with an installed production capacity of 15 lakh alloy wheels per annum, the company said in a regulatory filing. This capacity addition will cater for the [] The post Uno Minda lines up R

NEW DELHI, May 7: India, the worlds third largest oil importing and consuming nation, is likely to save as much as Rs 1.8 lakh crore on import of crude oil and LNG if the trend of softening international energy rates continues, Icra said Wednesday. India, which meets over 85 per cent of its crude oil needs through imports, spent USD 242.4 billion on buying crude from overseas in the fiscal year ended March 31, 2025. With domestic production meeting [] The post India to save Rs 1.8 lakh cr on im