Daily Excelsior News

NEW DELHI, Jan 4: Real estate company Sobha Ltd has reported a 52 per cent increase in sales bookings to Rs 2,115.2 crore in the third quarter of this fiscal, driven by higher volumes and price realisation amid strong housing demand. Bengaluru-based Sobha Ltd sold properties worth Rs 1,388.6 crore in the year-ago period. The company has delivered a historic quarterly performance, achieving the highest ever real estate sales value of Rs 2,115 crore, Sobha Ltd said in a [] The post Sobha Ltd Q3 s

NEW DELHI, Jan 2: Eternal Founder Deepinder Goyal on Friday batted for less regulation for Indias gig economy, arguing that it will eventually help bring more people into the organised workforce. The remarks come at a time when gig workers unions have been staging protests, demanding better payouts and improved working conditions. Goyal also defended 10-minute deliveries, explaining that they are enabled by the density of stores around a users home and not by asking delivery partners to drive fa

NEW DELHI, Jan 1: The Reserve Bank of India (RBI) said Indias economy and financial system remain resilient despite heightened global uncertainties, elevated asset valuations, and rising geopolitical risks, according to the Financial Stability Report (FSR), December 2025. The report noted that global growth has shown greater resilience than anticipated, supported by fiscal measures, front-loaded trade, and strong investment in artificial intelligence (AI). However, it cautioned that risks to glo

MUMBAI, Dec 31: The Indian economy is likely to maintain strong growth, underpinned by robust domestic demand, benign inflation, and prudent macroeconomic policies despite an uncertain and challenging global economic backdrop, the Reserve Bank said in a report on Wednesday. The health of commercial banks (SCBs) remains sound with strong capital and liquidity buffers, improved asset quality and robust profitability, the Reserve Bank said in its Financial Stability Report (FSR). The report reflec

NEW DELHI, Dec 30: Eicher Motors Ltd on Tuesday said its subsidiary VE Commercial Vehicles Ltd has received a GST demand of Rs 192.36 crore, along with a penalty, in a matter related to delay in reporting credit notes for the financial year 2017-18 . In July this year VE Commercial Vehicles Ltd (VECV) received Show Cause Notice (SCN) from the Commissioner, CGST & Central Excise, Ujjain Commissionerate, Madhya Pradesh alleging contraventions of the provisions of CGST Act, 2017 [] The post VE Com

CHENNAI, Dec 30: Two and three wheeler manufacturer TVS Motor company has launched the 2026 season of PETRONAS TVS India One Make Championship Training and Selection programme scheduled to commence from January 17. The 2026 season assumes significance as TVS Apache marks 20 years of racing-derived performance engineering. Since 1994, the TVS India One Make Championship has trained over 3,000 riders forming the backbone of Indias modern motorsports ecosystem, a company statement here said on Tues

Excelsior Correspondent NEW DELHI, Dec 29: Ahead of New Year, Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences and Minister of State in the PMO, Personnel Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh today inaugurate the new Secretariat complex of the Biotechnology Research and Innovation Council (BRIC), describing it as a key milestone for the future bioeconomy of India. The BRIC Secretariat office complex is located on the 4th Fl

NEW DELHI, Dec 29: Ceigall India on Monday said it has secured an infrastructure order worth over Rs 1,000 crore in Madhya Pradesh. Its arm Ceigall Infra Projects Private Ltd has received a Letter of Award (LoA) from Madhya Pradesh Road Development Corporation Ltd (MPRDC) for the construction of the IndoreUjjain Greenfield (Access Control) four-lane highway, the company said in a statement. The project will be executed under the Hybrid Annuity Model (HAM) over a period of 24 months. [] The post

HYDERABAD, Dec 28: GMR Group has passed the qualifying round to submit a bid for the USD 800 million new Taif International Airport project in Saudi Arabia, according to the National Center for Privatisation & PPP of the Arabian country. Besides GMR, Bengaluru International Airport Ltd Tamasuk consortium, Turkeys TAV Airports Mada International Holding consortium, Irish company Daa International-led consortium, and Kalyon Insaat consortium, were qualified for the project bidding. The project w

NEW DELHI, Dec 27: Appellate tribunal NCLAT has rejected Equitas Small Finance Banks appeal to initiate insolvency proceedings against Jumbo Finvest, upholding a National Company Law Tribunal order in the matter. Earlier, the Jaipur Bench of NCLT had rejected an insolvency plea against Jumbo Finvest, observing that it is a Financial Service Provider within the meaning of 3(17) of the Insolvency & Bankruptcy Code and is not a corporate person against whom a Section 7 application can be initiated

KOLKATA, Dec 27: Proactive government interventions and supportive monetary policies in 2025 emerged as a powerful catalyst for Indias real estate sector, reviving momentum, improving affordability, and driving sustained growth across segments. From the Reserve Bank of Indias (RBI) calibrated repo rate cuts to the landmark GST 2.0 reforms, policy measures delivered tangible financial relief, simplified taxation, and restored buyer confidence. As a result, the sector not only weathered global unc

NASHIK, Dec 24:American luggage manufacturer Samsonite has made India its largest manufacturing base by tripling the capacity of its plant here to 7 lakh units per month with investment of Rs 250 crore, a top company official said. Samsonite completed the expansion in two phases post Covid, after which its Nashik unit has surpassed its other global manufacturing hubs in Hungary and Belgium in production volume. We are one of the worlds biggest, for the Samsonite group, its one [] The post Samso

Home Buying in a Digital Economy A phone screen glows between the couch cushions. On it, a buyer flicks through listings on Realmo, jumps to a TikTok walkthrough of a loft, switches to a mortgage calculator, then drops three screenshots into a family group chat with the caption, Thoughts? A few minutes later, they are comparing interestrate scenarios in another tab while an agents voicemail sits unheard. That jumble of apps and channels is what modern home buyers now call [] The post Changing Ho

New Delhi, Dec 23: The National Testing Agency (NTA) would implement facial biometric authentication during examinations and live photography at the application stage to strengthen exam security across all entrance examinations, beginning with JEE (Mains) in January 2026. The move is aimed at curbing impersonation and other malpractices by ensuring real-time identity verification of candidates at multiple stages of the examination process, officials said. They will be implementing a facial recog

NEW DELHI, Dec 19: Gujarat Chief Minister Bhupendra Patel on Friday urged real estate developers to invest in the state, as it offers huge business opportunities and provides time-bound permission for projects. He noted that Gujarat has become the best destination for real estate activities and also a role model for well-planned urban development. Addressing realtors apex body CREDAIs national conclave here, Patel urged real estate players to explore business opportunities at GIFT City and the u

New Delhi, Dec 17: Congress leader Rahul Gandhi on Wednesday accused the Modi government of creating a monopoly or duopoly in every sector and called for putting the reins of Indias economy back into the hands of MSMEs. Gandhi said that during the Winter Session of Parliament, he met a delegation of small and medium ice cream manufacturers, and by listening to their problems, it became clear that the government is determined to destroy small businesses for the benefit of [] The post Modi Govt Cr

Excelsior Correspondent JAMMU, Dec 16: Woven Whispers: Craft to Commerce, a landmark celebration of Indias handloom legacy and its evolution into a sustainable economic force, was held today at the National Crafts Museum, New Delhi. The event was organized by FICCI FLO, under the leadership of its National president Poonam Sharma, in partnership with the Office of the Development Commissioner (Handlooms), Ministry of Textiles, and the Fashion Design Council of India (FDCI). The FICCI FLO leaders

NEW DELHI, Dec 15: Finance Minister Nirmala Sitharaman on Monday cited Indias 8.2 per cent growth and sovereign rating upgrades by global agencies to say that if India was a dead economy then such upgrades would not have happened. Taking on Opposition members in the Lok Sabha who sought the governments response to US President Donald Trump calling India a dead economy, Sitharaman said India is the fastest-growing major economy, which grew at 8.2 per cent in the September quarter. [] The post Rat

Bhaderwah, Dec 14: A prolonged dry spell and lack of snowfall this winter have hit tourism in Jammu and Kashmirs Doda district, affecting tourist arrivals and the local economy, tourism stakeholders said. Since the onset of winter, renowned high-altitude tourist destinations such as Guldanda, Chattergalla and Padri which usually start receiving snowfall by mid-October have not witnessed any significant precipitation activity so far, adversely affecting winter tourism and adventure sports, they

Jammu, Dec 10: The Jammu and Kashmir Real Estate Regulatory Authority (JKRERA) has proposed the establishment of a single window system for integrated approvals and registrations, and the constitution of district-level enforcement cells to strengthen monitoring and enforcement of violations across the Union Territory. RERA came into force in Jammu and Kashmir in 2018, while its operations began in January 2024 to regulate and promote the real estate sector, ensure transparency in projects, prote

As cryptocurrencies become increasingly integrated into global commerce, businesses of all sizes face a growing need to protect themselves from hidden risks within the blockchain ecosystem. Even though blockchain technology provides transparency, it does not automatically shield companies from exposure to illicit funds. For this reason, aml crypto solutions have become an essential component of corporate risk management, particularly for organizations that process digital payments, handle cross-

New Delhi, Dec 6: Union Finance Minister Nirmala Sitharaman on Saturday appreciated Jammu and Kashmir Chief Minister Omar Abdullah for his focused and determined approach to restore the Union territorys economy following a major setback to J-Ks tourism sector. Reflecting on the nations economic journey since 2019, marked by a sequence of unprecedented global and domestic challenges, the finance minister highlighted the specific efforts underway in Jammu and Kashmir. Without naming Pakistan, she

LONDON, Dec 1: British Prime Minister Keir Starmer on Monday defended his Treasury chief against opposition claims that she misled the public and the markets about the state of the public finances before last weeks budget. Starmer said there was no misleading in the run-up to Chancellor of the Exchequer Rachel Reeves tax-hiking budget, which the government hopes will raise money to reduce government borrowing, invest in infrastructure and public services, ease the cost of living and spur elusiv

T. Shailly The global economic outlook over the past few years has been characterised by deceleration, financial instability, and geopolitical uncertainty. Advanced economies continue to cope with persistent inflation, tighter monetary conditions, and the aftermath of supply chain disruptions triggered by the pandemic and conflict in Europe. In this subdued recovery environment, India has emerged as a critical driver of global economic momentum. Recording a growth rate of 7.8 per cent in the fir

Excelsior Correspondent NEW DELHI, Nov 12: India today is a key part of global transition to a self-reliant hydrogen economy, Union Minister of State (Independent Charge) for Science and Technology, Dr. Jitendra Singh said while addressing the 3rd International Conference on Green Hydrogen (ICGH-2025) at Bharat Mandapam here. The Minister underscored that clean energy is no longer a matter of environmental choice, but an economic, technological, and strategic imperative for the nations growth. D

New Delhi, Nov 4: The Congress on Tuesday said a bill introduced in the US Senate proposing a 25 per cent tax on any American person making an outsourcing payment will light a fire in the Indian economy if it becomes a reality. The opposition party said the bill reflects a growing mindset in the US that while blue-collar jobs were lost to China, white-collar jobs should not be lost to India. Congress general secretary in-charge communications Jairam Ramesh made [] The post If HIRE Bill In US Bec

HONG KONG, Oct 20: Chinas economy expanded at the slowest annual pace in a year in July- September, growing 4.8 per cent, weighed down by trade tensions with the United States and slack domestic demand. The July-September data was the weakest pace of growth since the third quarter of 2024, and compares with a 5.2 per cent pace of growth in the previous quarter, the government said in a report Monday. In January-September, the worlds second largest economy grew [] The post Chinas economy slows t

* Release SGST refund of traders: Arun Excelsior Correspondent JAMMU, Oct 18: Chamber of Commerce and Industry (CCI) Jammu today said that Chief Ministers decision to restore the age-old historic tradition of the Darbar Move will immensely strengthen the brotherhood and harmony between the two regions boost the economy and business of both the regions. In a press statement here today CCI president Arun Gupta requested the Chief Minister to immediately release the SGST refund as withholding of SG

NEW DELHI, Oct 11: Private equity investments in Indian real estate dropped 15 per cent in July-September to USD 819 million amid global uncertainties, according to property consultant Anarock. The private equity (PE) inflow stood at USD 967 million in the year-ago period. During April-September period of the 2025-26 fiscal, the PE investments fell 15 per cent to USD 2.2 billion from USD 2.6 billion in the corresponding period of the preceding financial year, as per the data by [] The post PE i

NEW DELHI, Oct 8 : Indias space economy is projected to reach about $44 billion by 2033, Union Minister of State for Science and Technology Dr. Jitendra Singh said, underlining that landmark reforms and private sector participation are powering the countrys emergence as a global space player. The summit brought together key stakeholders from government, industry, and academia to deliberate on the future of satellite communications in Indias digital growth story. Dr. Jitendra Singh emphasised tha

Prof K S Chandrasekar vc@clujammu.ac.in Indian economy has increased tenfold in the last three decades and is projected to be the third largest, with an estimated GDP of $7.3 trillion by 2030. Jostling for the same, the economic growth has also led to an unprecedented increase in its annual material consumption, which grew from 1.18 billion tonnes in 1970 to 7 billion tonnes in 2015 and is projected to reach 14.2 billion tonnes by 2030. UN has given SDG long [] The post Circular economy- enablin

Can withstand external shocks NEW DELHI, Oct 3: Finance Minister Nirmala Sitharaman on Friday said the world is facing profound imbalances in trade and energy security, and is undergoing a structural transformation, with India standing out as a stabilising force that can withstand external shocks. Follow the Daily Excelsior channel on WhatsApp Sitharaman said geopolitical conflicts are intensifying, and sanctions and tariffs are reshaping global supply chains. India must continue to remain vigil

NEW DELHI, Oct 3:Finance Minister Nirmala Sitharaman on Friday said Indias capacity to absorb external shocks is strong at a time when the world economy is undergoing a structural transformation. She said the task before nations is not only to manage uncertainty but to confront trade, financial and energy imbalances. Geopolitical conflicts are intensifying. Sanctions, tariffs, and decoupling strategies are reshaping global supply chains For India, these dynamics highlight both vulnerability and

NEW YORK, Oct 2: Private payrolls plunged in September, complicating the picture for the US economy as policymakers and investors struggle to assess the state of the labor market amid a government shutdown. The Bureau of Labor Statistics is unlikely to release the monthly jobs report this Friday due to the closure. That means many flying blind without critical economic data are having to key into any information they can get, including Wednesdays private sector jobs data from payroll company []

INDORE: Sept 29 The recent GST reforms will spur market consumption and boost the domestic economy, Minister of State for Finance Pankaj Chaudhary said on Monday. He said the impact of these reforms will be known in the next four to six months. Chaudhary interacted with businessmen, entrepreneurs, and tax experts in Indore regarding the Goods and Services Tax reforms. The post GST reforms will boost market purchasing and economy: MoS Chaudhary appeared first on Daily Excelsior .

Srinagar, Sep 21: Peoples Democratic Party (PDP) chief Mehbooba Mufti on Sunday described the horticulture sector as the backbone of the Valleys economy and accused the Jammu and Kashmir government of neglecting it. She said her late father and former Jammu and Kashmir Chief Minister Mufti Mohammad Sayeed took bold and effective measures to support the vital sector during his tenure. Mufti Sahib clearly recognised the fruit industry as the backbone of our economy. During his short tenure, he too

Excelsior Correspondent PUNE, Sept 19: Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr. Jitendra Singh has underlined Indias bio-driven future economy and stated that biotechnology will be the key driver of Indias future growth and healthcare solutions, thus ushering in the next industrial revolution. Delivering the inaugural addre

VISAKHAPATNAM, Sept 17: Union Finance Minister Nirmala Sitharaman on Wednesday said the next generation GST reforms will infuse Rs 2 lakh crore into the economy, leaving people with more cash in hand that otherwise would have gone as taxes. Addressing the Outreach and Interaction Program on Next Gen GST Reforms, she also said, following the tax reforms, 99 per cent of goods under the 12 per cent GST slab have moved to five per cent. The rejig has resulted in [] The post GST reforms to inject Rs

Visakhapatnam, Sep 17: Union Finance Minister Nirmala Sitharaman on Wednesday said the Next Gen GST reforms have infused Rs 2 lakh crore into the economy, which has left people with more cash on hand, which otherwise would have gone to taxes. Addressing the Outreach and Interaction Program on Next Gen GST Reforms, she also said, following the tax reforms, 99 per cent of goods under 12 per cent GST slab have moved to five per cent. The rejig has resulted [] The post GST Reforms Injected Rs 2 Lakh

SRINAGAR, Sep 15: Jammu and Kashmir Lieutenant Governor Manoj Sinha on Monday flagged off the first cargo parcel train from the valley to Delhi which will provide a cheaper and reliable mode of transportation for perishable goods like fruits to terminal markets of the country. The cargo parcel train was flagged off from Nowgam railway station here and is scheduled to reach Delhi on Tuesday I am thankful to the prime minister as cargo service has been started. Every day [] The post First Cargo Pa

TOKYO, Sept 8: Japans economy expanded at a stronger rate in the fiscal first quarter than previously estimated, despite worries about US tariffs and domestic political uncertainty, according to government data released Monday. The Cabinet Office said Japans real gross domestic product, the sum value of a nations goods and services, grew at a seasonally adjusted 2.2% annualised rate in the April-June quarter from the previous quarter. That was better than the preliminary estimate for 1.0% grow

NEW DELHI, Sept 6 : Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences and Minister of State for PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr. Jitendra Singh today said Indias future growth will increasingly depend on building a StartUp linked economy anchored in strong industry partnerships. He was speaking after launching the Chandigarh University Campus Tank, which he described as the first-of-its-kin