Daily Excelsior

NEW DELHI, May 6: South Korean auto major Hyundai on Wednesday reiterated its commitment to shaping mobility for India and the world, as the company marks 30 years of operations in the country. Established on May 6, 1996, the companys arm Hyundai Motor India Ltd (HMIL) has invested Rs 40,700 crore since its inception, with another Rs 45,000 crore lined up between FY26 and FY30 to drive manufacturing, electrification, future mobility and introduction of 26 new products by FY2030. HMIL [] The post

NEW DELHI, May 5: India could consider lowering the inflation target and trimming the tolerance band if GDP growth remains robust with a more stable inflation over the next five years, RBI Deputy Governor Poonam Gupta said on Tuesday. However, if the global environment remains as challenging as it has been during the past six years, it would warrant both predictability and flexibility inherent in the existing framework, she said. The government, after consultation with the RBI, has notified the

NEW DELHI, May 4: Bajaj Auto Ltd on Monday reported a 40 per cent jump in total sales in April at 5,13,792 units as against 3,65,810 units in the same month last year. Total domestic sales were up 13 per cent at 2,48,210 units as compared to 2,20,615 units in April 2025, Bajaj Auto said in a statement. Exports grew by 83 per cent at 2,65,582 units as compared to 1,45,195 units in the year-ago month, it added. Two-wheeler sales [] The post Bajaj Auto total sales up 40 pc at 5,13,792 units in Apri

NEW DELHI, May 4: Two-wheeler maker Hero MotoCorp Ltd on Monday announced the appointment of Sachin Agrawal as its new Chief Technology Officer effective May 21, 2026. Agrawal will succeed Vikram Kasbekar, who is stepping down from the position but will continue to serve on the board of the company as Executive Director, MotoCorp said in a regulatory filing. In his role, Agrawal will lead the next phase of the companys R&D transformation across both the Hero Centre for Innovation [] The post Her

NEW DELHI, May 3: Infrastructure company Ceigall India Ltd on Sunday said its joint venture CILSAM India has bagged a Rs 918.04-crore project from Jaipur Metro Rail Corporation Ltd for design and construction works. The contract awarded to CIL-SAM involves the design and construction of an elevated viaduct and ten elevated metro stations (excluding architectural finishing) under Jaipur Metros Phase-II expansion covering 10.8 km, Ceigall India said in a statement. Ceigall India holds a 74 per cen

NEW DELHI, May 3: The Cabinet is likely to approve soon a Rs 37,500 crore incentive scheme to promote coal gasification projects, aimed at boosting clean energy production and reducing import dependence, sources said. The Coal Ministry has already prepared a Cabinet note on the scheme to promote coal gasification projects, with a financial outlay of Rs 37,500 crore, they said. The proposed scheme is aimed at accelerating surface coal and lignite gasification projects across the country, promotin

NEW DELHI, May 3: The countrys largest carmaker, Maruti Suzuki India, has started the new fiscal 2026-27 with a 42 per cent market share, increasing from 39 per cent in the previous fiscal. According to industry estimates, the company, which posted a record domestic sales of 1,91,122 units in April, gained nearly 3 percentage points in market share the month. Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee, told PTI that although the companys increase in market [

NEW DELHI, May 1: An increase in petrol and diesel prices in the near future is not ruled out, government sources said on Friday, as losses mount from a four-year-old freeze in retail rates despite the sharp rise in global crude oil prices. International crude oil prices this week climbed to a four-year high of USD 126 per barrel before cooling down slightly, but remained above USD 110 a barrel as ship transits through the Strait of Hormuz remained restricted [] The post Petrol, Diesel Price Hik

NEW DELHI, May 1: JSW MG Motor India on Friday reported a 3 per cent year-on-year growth in dispatches to dealers at 6,018 units in April 2026 compared to the same month last year. The company sustained steady momentum across both its internal combustion engine (ICE) and new energy vehicle (NEV) portfolios, JSW MG Motor India said in a statement. This growth comes despite the ongoing West Asia crisis, which has disrupted global supply chains and dampened consumer sentiment, leading [] The post J

SRINAGAR, Apr 30: As the first direct Vande Bharat Express from Jammu chugged into the Kashmir valley on Thursday, Railways Minister Ashwini Vaishnaw promised to focus on connecting remote areas like Poonch, Rajouri and Uri to the countrys rail network. Following the completion of the ambitious Udhampur-Srinagar-Baramulla Rail Link (USBRL), Vaishnaw said detailed project reports (DPRs) have been prepared on projects to connect the Poonch-Rajouri region to the national rail network and to extend

NEW DELHI, Apr 30: Gaming company Roblox has appointed former Amazon Web Services senior executive Sunil Rao as Managing Director for its India arm, the company said on Thursday. Rao will serve as Robloxs senior representative and market lead in the country, overseeing day-to-day execution of Roblox Indias strategy working with local teams and partners, the company said in a statement. Roblox announces the appointment of Sunil Rao as Managing Director, Roblox India. Rao will join Roblox India 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

Digitalization has changed the way Indians spend their free time and disposable income. The smartphone has evolved from a mere communication device into the primary gateway for entertainment, travel planning, and social interaction. This transformation is not limited to metropolitan hubs like Delhi or Mumbai; it has permeated Tier-2 and Tier-3 cities, creating a unified digital leisure economy that was unimaginable just a few years ago. The convergence of affordable data plans and widespread har

Jammu, Feb 9: CPI(M) leader M Y Tarigami on Monday criticised the recent India-US trade deal, alleging it would severely hurt the countrys agricultural sector and deal a particular blow to the economy of Jammu and Kashmir. Participating in the discussion on the Budget in the Assembly, Tarigami said the agreement compromised national sovereignty by favouring American interests while exposing Indian farmers especially apple, peanut, and soyabean growers to unfair competition without adequate saf

Excelsior Correspondent VIJAYAWADA, Feb 7: Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, and MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singhtoday stated that Andhra Pradesh, along with other coastal states, will emerge as the torchbearer of Indias Blue Economy transformation. Referring to the Prime Ministers repeated emphasis from the Red Fort on making the Blue Economy a national priority mission, the Minister

KARACHI, Feb 7:The supply of cost-effective vaccines from India that stopped after the May 2025 conflict has put a strain on Pakistans economy, Health Minister Mustafa Kamal said on Saturday. Pakistan earlier procured the cheap vaccines through the Global Alliance for Vaccines and Immunisation (GAVI), a global public-private health partnership working to provide vaccines for children from the worlds poorest countries. Right now, Pakistan imports vaccines at an annual cost of around USD 400 milli

Jammu, Feb 6: The tourism industry is a key pillar of economic growth and livelihood generation in Jammu and Kashmir, Chief Minister Omar Abdullah said on Friday, while announcing measures to promote sustainable tourism, pilgrimage infrastructure and cultural preservation in the annual budget for 2026-27. Presenting the budget in the assembly, Abdullah said that despite challenges such as the Pahalgam terror attack incident and subsequent floods, Jammu and Kashmir recorded over 1.61 crore touris

Excelsior Correspondent MUMBAI, Feb 5: There is an old Indian saying that a tree only attracts attention if it bears fruit. Today, in this new era, India and the tree of the Indian economy is bearing fruit. This was stated by Mukesh Ambani, Chairman Reliance Industries Limited (RIL) during an event titled Investing for a New Era. The event was organized by Larry Fink, CEO of Jio-BlackRock. Larry Fink, whose firm manages the worlds largest pool of capital, opened the [] The post India and tree of

Jammu, Feb 5: The Union Territory of Jammu and Kashmirs real Gross State Domestic Product (GSDP) is estimated to grow at 5.82 per cent, according to the Economic Survey Report 2025-26. The report said that Jammu and Kashmir achieved a compound annual growth rate (CAGR) of 4.47 per cent in real GSDP during 2019-20 to 2024-25, indicating economic resilience and post-pandemic recovery. The growth rate is higher than Delhi and Himachal Pradesh and marginally higher than Haryana during the same [] Th

Heres a story that happens every single night. You wake up, grab your phone, and see three new Zillow alerts. All from 2 AM. All from buyers ready to talk. You missed them. Theyre gone. Already talking to some other agent who answered faster. This is the quiet killer of real estate businesses. Leads dont care about your sleep schedule. They see a house. They get excited. They click contact agent. And they expect an answer right now. Not in [] The post The 24/7 Open House: How a Virtual Assistant

Dr Dharam C. Attri dharam@iust.ac.in The Union Territory of Jammu and Kashmir (J&K) possesses a silent, yet immensely powerful, competitive edge in the global bio-economy, its unique status as a biodiversity hotspot for Medicinal and Aromatic Plants (MAPs). The region is home to over 1100 known species of significant therapeutic and commercial value, placing it at a critical juncture to capitalise on a robust global market that exceeds Rs 2 lakh Crore, with Indias national market alone estimated

LG Manoj Sinha Hails The Budget 2026-27 The budget promises unprecedented empowerment for youth, women, and farmers: LG Jammu, Feb 1: Lieutenant Governor, Manoj Sinha today hailed the Budget 2026-27 as pragmatic which he said will prioritize economic acceleration, create future-ready infrastructure, sustain growth momentum, chart path to $5 trillion economy milestone within few years and comprehensive fiscal strategy will balance growth ambition with social welfare. Expressing gratitude to the H

Excelsior Correspondent NEW DELHI, Jan 29: Indias space economy has grown to an estimated $8.4 billion, with 399 start-ups now operating across launch vehicles, satellites, propulsion systems and space-grade electronics, Union Minister of State (Independent Charge) for Science and Technology and Space, Dr. Jitendra Singh, said while responding to a starred question in the Rajya Sabha on Wednesday. Dr. Jitendra Singh told the House that the expansion followed key policy decisions taken after 2019

New Delhi, Jan 29: The Economic Survey on Thursday projected the GDP growth in the range of 6.8 to 7.2 per cent in 2026-27, a tad lower than 7.4 per cent estimated in the current fiscal. The outlook, therefore, is one of steady growth amid global uncertainty, requiring caution, but not pessimism, said the pre-Budget document tabled in the Lok Sabha. The growth projection has taken into consideration the cumulative impact of policy reforms over recent years that appear to [] The post Indias econo

NEW DELHI, Jan 25: External Affairs Minister S Jaishankar on Sunday discussed with a three-member American Congressional delegation various aspects of India-US relations, including trade and security, against the backdrop of continuing strain in ties between the two countries. US Ambassador Sergio Gor, who was also present at the meeting, said the talks were productive and that the focus was on strengthening the bilateral partnership in the domains of security, trade and critical technologies. T

DAVOS, Jan 21: Union Minister Ashwini Vaishnaw on Wednesday asserted that India will definitely become the worlds third-largest economy over the next few years, with economist Gita Gopinath saying it can happen by 2028 or even earlier. Speaking in a World Economic Forum Annual Meeting session here, Vaishnaw said the only matter of concern is what will happen with the mountains of debt in the rich world and what could be the impact on India. Gopinath said the challenge for [] The post Vaishnaw sa

BHUBANESWAR (ODISHA) [INDIA]: January 21: AcreRise, one of Odishas most future-focused real estate developers, has been conferred the Real Estate Developer of the Year at the Times Business Awards-2026, reaffirming the brands leadership in transparency-driven, design-led, and compliant urban development. The recognition comes at a pivotal moment as Bhubaneswar enters its next phase of infrastructure-led growth. Founded by Sashikant Barik and Sheikh Mairajul Haque, AcreRise has positioned itself

Excelsior Correspondent Sri Vijaya Puram (Port Blair), Jan 17: Andaman & Nicobar Islands will be developed as the hub of Indias Blue Economy. This was stated here today by 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, while on a visit to the Atal Centre for Ocean Science and Technology for Islands (ACOSTI) to launch and review key marine technology initiatives

NEW DELHI, Jan 16: India and Japan today agreed to ramp up cooperation in areas of trade, critical minerals, defence and high technologies with External Affairs Minister S Jaishankar saying that the partnership between the two sides holds immense potential to de-risk the global economy. A meeting between Jaishankar and his Japanese counterpart Toshimitsu Motegi saw both sides agreeing to set up a joint working group on critical minerals and a dialogue mechanism on artificial intelligence. The Ja

Democracy delivers as people at centre of governance NEW DELHI, Jan 15: Prime Minister Narendra Modi on Thursday said India has turned diversity into the strength of its democracy, and shown the world that democratic institutions and processes give stability, speed and scale to its development. Inaugurating the 28th Conference of Speakers and Presiding Officers of the Commonwealth (CSPOC), Modi also said democracy delivered results in India because the people of the country were at the heart of

NEW DELHI, Jan 14: The Indian real estate sector received a record equity capital inflow of USD 14.25 billion last year, higher by 25 per cent annually, as developers and institutional investors remained bullish on growth potential, according to CBRE. The equity capital inflow from various sources, including developers, institutional investors, and Real Estate Investment Trust (REIT), stood at USD 11.43 billion during the 2024 calendar year. Real estate consultant CBRE on Wednesday released a r

New Delhi, Jan 12: The Congress on Monday hoped that the forthcoming Union Budget will take meaningful steps to address the challenges of sluggish private corporate investment and disparities in income as higher GDP growth rates in actuality will simply not be sustainable. Congress general secretary in-charge communications Jairam Ramesh said household savings rates have declined considerably, and wealth, income, and consumption inequalities continue to deepen. Ramesh said it remains to be seen

BJP holds workshop Excelsior Correspondent JAMMU, Jan 9: J&K BJP president and MP (R S), Sat Sharma CA, said that the Viksit Bharat G RAM G (VB-G RAM G) Bill is a decisive reform aimed at ending long-standing irregularities in rural employment schemes and ensuring transparent, need-based benefits for the poor. He was addressing a workshop organized under the VB-G RAM G Janajagaran Abhiyan at the BJP Headquarters, here, today. Click here to watch video The workshop was attended by [] The post G R

NEW DELHI, Jan 7: India will have to reduce imports and increase exports, if it wants to become the third-largest economy in the world, Union Minister Nitin Gadkari said on Wednesday. Speaking at CSIRs Technology Transfer Ceremony, Gadkari highlighted how agricultural waste can be converted into a valuable national resource and help in reducing the countrys crude imports. The road transport and highways minister noted that the use of bio-bitumen, a petroleum-free component, in road construction