Daily Excelsior

MUMBAI, June 10: Third-party logistics services provider Emiza on Wednesday announced the launch of its new warehouse facility in Farrukhnagar, Haryana, to meet the growing demands of the e-commerce and retail sectors, particularly in the northern states. Spread across 1,20,000 sq ft, the warehouse has a pallet capacity of 15,000 and includes 23 docks to streamline loading and dispatch operations. The facility is designed to handle 8,00,000 orders per month, the company said. The latest addition

MUMBAI, June 9: Corporate India is likely to see salary increments in the range of 8.6 per cent to 10.2 per cent across industries this financial year, primarily driven by sustained demand for skilled and execution-focused talent, a report said on Tuesday. TeamLease Services report, Jobs and Salaries Primer 2026-27, projects average salary increments of 8.6 per cent to 10.2 per cent, mainly led by high growth sectors including EV and EV Infrastructure, FinTech, Healthcare and Pharmaceuticals. In

NEW DELHI, June 8: The fuel price hikes in May saw a noticeable shift in consumer interest towards fuel-efficient and alternative-powertrain vehicles, with dealers reporting a surge in enquiries for such models and electric two-wheeler penetration rising to 9.25 per cent from 6.11 per cent a year ago, FADA said on Monday. According to the Federation of Automobile Dealers Associations (FADA), Indias overall automobile retail sales climbed 9.55 per cent year-on-year to a record 25.31 lakh units. A

BHOPAL, Jun 8: A five-day meeting of the BRICS grouping will commence in Indore on Tuesday to discuss food security, smart farming, global agricultural trade and farmer welfare, Union Agriculture Minister Shivraj Singh Chouhan said on Monday. The discussions under Indias presidency will include a three-day agriculture working group meeting from June 9 and a two-day BRICS ministerial meeting from June 12, he said. BRICS is an intergovernmental organisation comprising eleven major emerging economi

LUDHIANA, Jun 6: A sleeper coach of the Delhi Shri Mata Vaishno Devi Katra Special train developed a crack and partially separated near the toilet area shortly after the train began moving from the Ludhiana railway station on Saturday, triggering panic among passengers. The S-2 coach of the train suffered a structural failure causing a portion near the toilets to cave in, officials said. Toilet fittings including seats, fell onto the tracks as the coach body gave way, officials said. [] The post

Maj Gen Sanjeev Dogra (Retd) sanjeev662006@gmail.com India is officially one of the fastest growing large economies in the world. The headlines are impressive. Roads are being built. Airports are expanding. Digital payments have changed daily life. Infrastructure has visibly improved. Yet, beneath this growth story, there is a quiet unease. The rupee remains under pressure. Foreign investors have pulled out large sums from Indian equities. Too many educated young people are still searching for s

NEW DELHI, June 1: Maruti Suzuki India on Monday reported its highest-ever monthly sales, with total dispatches rising 34.76 per cent year-on-year to a record 242,688 units in May. The company had sold a total of 180,077 units in the same month last year, Maruti Suzuki India said. Domestic sales also reached an all-time high of 193,535 units in May 2026 compared to 138,690 units in the year-ago month. Sales to other OEMs (Original Equipment Manufacturer) stood at 7,239 units [] The post Maruti S

BEIJING, May 31: Chinas factory activity was flat in May, according to an official survey released Sunday, raising questions about how much further the countrys economy can shield itself from the fallout of the ongoing Iran war and pressure on demand. The official manufacturing purchasing managers index moderated to 50 from 50.3 in April, according to the National Bureau of Statistics. Measured on a scale between 0 and 100, a PMI reading above 50 indicates expansion, while a reading below [] The

NEW DELHI, May 29: Reliance Industries Limited Chairman Mukesh D Ambani is evaluating pathways to broader stakeholder participation in Jio Platforms as the timeline set by him for the companys initial public offerings (IPO) nears. During the Annual General Meeting of RIL in August 2025, Ambani set the timeline of the first half of 2026 for listing Jio. Ambani, in RILs annual report published on Thursday, said the company is taking deliberate steps to strengthen Jios institutional framework, enha

MUMBAI, May 29: Robust macroeconomic fundamentals will support the growth trajectory of the Indian economy in the current fiscal year despite headwinds from elevated energy prices, supply chain disruptions, and global markets, the Reserve Bank of India (RBI) said in its Annual Report on Friday. Healthy balance sheets of the corporate and banking sectors, along with the governments continued thrust on capital expenditure, bode well for Indias strong growth trajectory, it said. Geopolitical risk h

Excelsior Correspondent PALAMPUR, May 28 : Underlining the value of Indias unexplored Himalayan Economy, Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences and MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh today said that the Himalayan economy is set to become a major contributor to Indias future growth. The Minister said the next phase of Indias economic expansion will increasingly emerge from sectors and resource

NEW DELHI, May 28: Reliance Industries Limited executed the largest-ever Samurai loan raised by an Indian corporate and completed three first-of-their-kind global financing deals in FY 2025-26, as the conglomerate strengthened its access to international capital markets following a credit rating upgrade by S&P Global Ratings. S&P upgraded Reliances international debt rating to A- from BBB+ in December 2025, placing the company two notches above Indias sovereign rating, citing the growing contrib

NEW DELHI, May 27: Government expenditure on healthcare has nearly tripled over the last decade to Rs 3.85 lakh crore in 2022-23, while out-of-pocket spending by households on treatment has declined significantly, according to the National Health Accounts (NHA) estimates released by the Union Health Ministry on Wednesday. The report showed that government health expenditure increased from Rs 1.30 lakh crore in 2013-14 to Rs 3.85 lakh crore in 2022-23, stating higher public investment in the heal

NEW DELHI, May 27: India needs to undertake measures such as tax moderation to boost export competitiveness, targeted import curbs on non-essential and demerit goods, and time-bound enforcement of trade-remedy measures to shield itself from the impact of the West Asia crisis, a report said. The global economic landscape faces a profound stress test and geopolitical volatility in West Asia is driving structural cost-push inflation across essential sectors energy, agriculture, and manufacturing,

NEW DELHI, May 27: Air India will reduce up to 22 per cent of its domestic flights amid rising operational costs due to high fuel prices, according to sources. The loss-making airline, which is facing financial headwinds, has reduced international flights by around 27 per cent, the sources said. Air India operates around 4,400 weekly flights. Out of them, about 3,600 are domestic and 800 are international services. In continuation of our previously announced adjustments to select international s

NEW DELHI, May 27: KEC International has secured orders worth Rs 1,303 crore across business verticals in domestic and international markets. The transmission & distribution (T&D) business has received orders for projects across India and the Americas, the RPG Group company said in an exchange filing on Tuesday. The companys civil business has won an order for the construction of a press shop and associated facilities for an automobile factory in Northern India. The renewable business has got an

NEW DELHI, May 26: Larsen & Toubro (L&T) on Tuesday said it has secured multiple orders in India, including a contract from JSW Utkal Steel Ltd and two projects from Inland Waterways Authority of India (IWAI). The orders have been bagged by L&T GeoStructure, a wholly-owned subsidiary of L&T. JSW Utkal Steela subsidiary of JSW Steel has placed a contract for piling work at its steel plant project in Paradeep, Odisha. Piling work is the deep foundation job where long [] The post L&T wins orders fr

SRINAGAR, May 12: National Conference president Farooq Abdullah on Tuesday said the country was heading towards an energy crisis if the West Asia conflict is not resolved soon A crisis is coming upon us, fuel crisis, gas crisis. We are heading towards destruction, Abdullah told reporters here. The former chief minister said the government wants to switch to online mode for schools in order to save fuel. However, everyone (student) does not have the online facility. We will have to [] The post Co

NEW DELHI, May 12: AAP national convener Arvind Kejriwal on Tuesday questioned Prime Minister Narendra Modi over austerity measures he has asked people to follow and said he needs to tell people about the condition of the countrys economy. Addressing a press conference, Kejriwal said the country has passed through crises, including wars, in the past, but no prime minister before Modi announced seven most stringent steps, requesting people to follow them. He also said the obvious reason behind th

Excelsior Correspondent NEW DELHI, Apr 24: Union Minister of State (Independent Charge) for Science & Technology and Earth Sciences, MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh today said that the 21st century will be Indias century and will be driven by a biology-led economy, with the countrys bio-economy projected to grow to $1 trillion by 2047. Addressing an international conference at IIT Roorkee , Dr Jitendra Singh said India is moving decisi

UNITED NATIONS, Apr 21: Indias economy is projected to grow at 6.4 per cent this year and 6.6 per cent in 2027, according to a report by the United Nations. The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) said in the report released Monday that economies in South and South-West Asia grew by 5.4% in 2025, compared to 5.2% in 2024, driven largely by strong growth in India. Indias growth edged up to 7.4% in [] The post Indias Economy Projected To Grow At 6.4% This

Prof M K Bhat drmkb1963@gmail.com Iran-America war has rattled the geopolitical and geo economic atmosphere of the world. The closure of Strait of Homruz by Iran is a big push to world economy towards Global recession. The economies of global south, Europe and Asia have started to feel the heat and the other nations of the world are going to feel its intensity quite soon. Protests against the continuation of war have erupted in many countries including America. Maritime insurance [] The post War

ISLAMABAD, Apr 9:Prime Minister Shehbaz Sharif has set up a special body to deal with the effects of the West Asia conflict on the economy and security of the country. The National Coordination and Management Council (NCMC) was constituted hours ahead of the two-week ceasefire achieved between the US and Iran. US President Donald Trump announced that he had agreed to a two-week ceasefire with Iran as proposed by Pakistan. The NCMC is jointly headed by Minister for Economic Affairs [] The post Pa

MUMBAI, Apr 8: The Reserve Bank of India kept its key policy rate unchanged on Wednesday, adopting a cautious wait-and-watch stance as policymakers assessed the fallout from the six-week Iran conflict on energy supplies, inflation and growth. The central banks six-member Monetary Policy Committee voted unanimously to keep the benchmark repurchase rate at 5.25 per cent, flagging heightened uncertainty after the West Asia conflict drove crude prices sharply higher, weakened the rupee and disrupted

New Delhi, Mar 23: Prime Minister Narendra Modi on Monday termed the prevailing situation in West Asia worrisome as it is having a very adverse impact on the global economy and the livelihoods of people. Making a statement on the prevailing situation in West Asia in the Lok Sabha, Modi also said that the security of Indians has been the governments biggest priority in times of conflict, and the Centre is sensitive, vigilant and also ready to extend every assistance. [] The post West Asia Situati

Prof. D. Mukherjee mukhopadhyay.dinabandhu@gmail.com The Middle East has long been a geopolitical crossroads where energy resources, global trade routes, and strategic rivalries intersect. When conflict erupts in this region, its consequences rarely remain local. The ongoing war has once again demonstrated how rapidly geopolitical instability can spread through the arteries of the global economy. Energy markets are particularly vulnerable. The Middle East accounts for roughly one-third of global

NEW DELHI, Mar 21 : Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, and MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh said that India is steadily emerging as a robust pharma economy, which will not only accelerate future growth but also emerge as a significant contributor to the countrys overall GDP. The minister emphasised that the growing strength of Indias pharmaceutical, medtech and manufacturing ecosystem

SRINAGAR, Mar 20: National Conference president Farooq Abdullah on Friday said that the war between Iran and the US-Israel coalition needs to come to an end quickly, as it could have massive repercussions for the global economy. It (war) will have severe consequences not only for the Indian economy but for the world economy, Abdullah told reporters after offering Friday prayers at Hazratbal shrine here. The former chief minister highlighted the importance of ending the war due to the loss [] The

Excelsior Correspondent NEW DELHI, Mar 19: Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, and MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh today said that Indias bioeconomy has expanded from about USD 10 billion in 2014 to over USD 195 billion in 2025, reflecting a massive growth trajectory over the past decade. He said the sector has recorded an annual growth of around 17-18 percent in the last year alone, []

NEW DELHI, March 11 : Union Minister of Textiles, Giriraj Singh, on Wednesday stressed the need for the countrys textile sector to expand its global presence and move towards higher-scale and higher-value manufacturing to achieve the governments target of building a USD 350 billion textile economy and USD 100 billion in exports by 2030-31. Speaking at an interaction organised by the Confederation of Indian Industry (CII) with senior officials from the Ministry of Textiles and industry leaders ac

SYDNEY, Mar 5 : Prime Minister Narendra Modi is very focused on delivery of welfare programmes to the common people and has been successful in bringing hundreds of millions of them into the formal economy through financial reforms in India, Canadian Prime Minister Mark Carney has said. Carney was speaking on Wednesday during an interaction at the Lowy Institute, Australias leading think tank, where he was asked to speak about his assessment of Prime Minister Modi, days after the two [] The post

New Delhi, Feb 27: Indias economy grew by 7.8 per cent during the October-December quarter of 2025-26, up from 7.4 per cent a year ago, according to the new series of national accounts with 2022-23 as the base year. The Ministry of Statistics and Programme Implementation (MoSPI) on Friday released the New Series of Annual and Quarterly National Accounts Estimates with the base year 202223. It replaces the previous series with a base year of 201112. According to the new [] The post Economy Grew B

Software as a service has long been synonymous with modern business infrastructure. From customer management to finance, from collaboration to analytics, SaaS platforms underpin daily operations across industries. Yet the confidence that once surrounded the category has been replaced by questions. Can SaaS adapt to artificial intelligence? Can subscription models sustain growth in tighter markets? Has the category reached saturation? Rupon Anandanadarajah approaches these questions from a strate

NEW DELHI, Feb 23: Finance Minister Nirmala Sitharaman on Monday said it was too early to assess the US tariff impact on the Indian economy, and Commerce Minister Piyush Goyal is reviewing the situation. It is too soon to comment on the impact on the Indian economy from US tariff changes. The Commerce Minister is reviewing the situation, Sitharaman said after addressing the presser here after customary post-Budget meeting of the Central Board of Directors of the Reserve Bank of [] The post Too e

WASHINGTON, Feb 20: Americas gross domestic product the nations output of goods and services increased at an 1.4 per cent annual rate in the fourth quarter, the Commerce Department reported Friday, down from 4.4 per cent in the July-September quarter and 3.8 per cent in the quarter before that. A downturn in government and consumer spending contributed to the slowdown in fourth-quarter growth, the government said. Consumer spending rose just 2.2 per cent, a significant slowdown from the [] The

United Nations, Feb 15: India is a very successful emerging economy with a bigger influence in global affairs, and is the right place to host the AI summit, UN Secretary-General Antonio Guterres has said. In an exclusive interview with news agency at the UN Headquarters ahead of the IndiaAI Impact Summit 2026, Guterres underscored that Artificial Intelligence should benefit the entire world and not just be a privilege reserved for developed nations or two superpowers. I strongly congratulate Ind