NEW DELHI, Nov 4: Bajaj Finance, a part of Bajaj Finserv, on Tuesday said it disbursed a record number of consumer loans in the festive season, registering 27 per cent growth in volume and 29 per cent in value year-on-year. This reflects the positive outcome of the governments next generation GST reforms and changes in personal income tax, aimed at increasing consumers purchasing power, Bajaj Finance said in statement. Bajaj Finance disbursed approximately 63 lakh loans from September 22 [] The

NEW DELHI, Nov 4: Low prices of steel in the market now is a problem for small companies, especially when the Government is aiming to increase capacity of this important sector in the next five to seven years, Steel Secretary Sandeep Poundrik said on Tuesday. Addressing the STEEL SUMMiT 2025, Poundrik said five years ago prices of the steel were higher than what they should have been. But today prices of steel are lower than what they should have [] The post Low prices of steel problem for smal

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

NEW DELHI, Nov 2: Steel makers have urged the government for more measures to check rising imports from select group of countries including China which has produced 746.3 MT of crude steel in January-September period, over six-fold of the domestic output. As per global body World Steel Association (worldsteel), India has produced 122.4 MT of crude steel in January-September. While in September alone China has produced 73.5 MT of crude steel, over 5-fold higher from 13.6 MT of domestic [] The po

KOLKATA, Nov 2: Tea production during September 2025 has declined 5.9 per cent at 159.92 million kilogrammes as against 169.93 million kilogrammes in the similar previous period. According to Tea Board data, production of the crop in Assam during September 2025 remained almost stagnant at 94.76 million kilogrammes as compared to 94.03 million kilogrammes in the same period of 2024. Production of the crop in West Bengal declined to 40.03 million kilogrammes in September 2025 from 48.35 million ki

NEW DELHI, Nov 1: Power consumption in the country fell by 6 per cent to 132 billion units in October from 140.47 BUs in same month last year, mainly on account of less use of cooling appliances. The October month also saw rains in various parts of the country. The decline in power consumption was attributed to unseasonal rainfall during the month in some parts of the country coupled with onset of winter season, which kept temperatures in check, [] The post Power consumption dips 6 pc to 132 bi

MUMBAI, Nov 1: The high-value Rs 2,000 notes worth Rs 5,817 crore are still in circulation, according to the Reserve Bank data released on Saturday. The Reserve Bank of India (RBI) had announced the withdrawal of Rs 2,000 denomination banknotes from circulation on May 19, 2023. Rs 2,000 banknotes continue to be legal tender. In a statement, the central bank said the total value of Rs 2,000 banknotes in circulation, which was Rs 3.56 lakh crore at the close [] The post Rs 2,000 notes worth Rs 5,

NEW DELHI, Nov 1: Toyota Kirloskar Motor on Saturday reported a 39 per cent rise in total sales at 42,892 units in October as compared to 30,845 units in the same month last year. Exports were at 2,635 units last month, Toyota Kirloskar Motor (TKM) said in a statement. TKM Vice President, Sales-Service-Used Car Business, Varinder Wadhwa said the companys seamless synergies across operations and recently introduced festive editions of the Urban Cruiser Hyryder Aero Edition and the 2025 [] The po

Jammu, Oct 29: A high-level team from Ministry of Civil Aviation and Airports Authority of India (AAI) on Wednesday reviewed the proposal to expand the Kishtwar airport under UDAN scheme. The team visited the proposed site to carry out a ground-level assessment of the area and feasibility of expansion. They also held meetings with local officials. A five-member high-level special team deputed by Ministry of Civil Aviation, Government of India, and AAI arrived in Kishtwar. They evaluated the stat

Reasi/Jammu, Oct 29: After starting the twin Vande Bharat trains on Srinagar-Katra route, marking the completion of Udhampur-Srinagar-Baramulla rail link in June, the northern railways is now eyeing to provide direct connectivity between Kashmir and the rest of country, an official said. Senior Divisional Commercial Manager of Jammu division Uchit Singhal said the work is underway to address the operational and security hassles to achieve another milestone in Jammu and Kashmir. Talking to news a

NEW DELHI, Oct 27: Ola Electric on Monday announced that it is scaling up its proprietary service infrastructure and technology vertical by providing access to independent garages and fleet operators. As part of the initiative, the Bengaluru-based firms spare parts, diagnostic tools, and service training modules will be made available not only to its customers but also to independent garages, mechanics, and fleet operators across the country. Starting today, Ola Electrics genuine spare parts ca

NEW DELHI, Oct 25: In a trade facilitation measure, the Central Board of Indirect Taxes and Customs (CBIC) has merged 31 customs duty notifications into one consolidated notification. This will be effective from November 1, 2025. CBIC rolls out another trade facilitation measure! 31 Customs Duty Notifications merged into one consolidated Notification, the CBIC said in a post on X. This is a step towards simplification, transparency and ease of doing business, it added. (Agencies) The post CBIC M

NEW DELHI, Oct 24: The Government on Friday said it has been actively engaging with the private sector to build sufficient capacity in the domestic market to fully utilise e-waste and recover various critical minerals. The Government last month approved a Rs 1,500 crore incentive scheme for the recycling of critical minerals. The scheme, which is a part of the National Critical Mineral Mission, aims to provide a prudent way to ensure supply chain sustainability in the near term. Subsequently, []

NEW DELHI, Oct 23: Indias processed potato products are making greater inroads into Southeast Asian markets, driven by rising demand for snacks in those countries and rapid infrastructure development for the sector in states such as Gujarat and Uttar Pradesh, a report said on Thursday. Think tank GTRI said that exports of dehydrated potato granules and pellets have surged from USD 11.4 million 2021-22 to USD 63.3 million in 2024-25, making them Indias fastest-growing processed food export catego

NEW DELHI, Oct 23: More than 350 operational distilleries across the country are facing an uncertain future due to inadequate procurement orders under the latest ethanol tender, with industry bodies flagging concerns over the allocation methodology that favours new entrants over existing units. The Ethanol Supply Year (ESY) 2025-26 tender issued by Oil Marketing Companies (OMCs) has come under fire from stakeholders who allege that the allocation criteria is creating artificial imbalances, while

NEW DELHI, Oct 23: Solar solutions provider Vikram Solar on Thursday said it has secured an order of 148.9 MW high-efficiency solar modules from Sunsure Energy. The modules, rated at 595 Wp, will be deployed across Maharashtra and Uttar Pradesh, a company statement said. Under this contract, Vikram Solar will supply its advanced M10R N-Type TOPCon modules to Sunsure. India recently crossing the 125 GW renewable energy capacity mark is a powerful reminder of the momentum weve built on our [] The

NEW DELHI, Oct 22: The National Company Law Tribunal (NCLT) has directed for initiation of insolvency proceedings against Bhilai Jaypee Cement, a subsidiary of debt-ridden group Jaiprakash Associates Limited, for a default of Rs 45 crore. The direction of Cuttack bench of NCLT came after it admitted a plea filed by the companys operational creditor Sidhgiri Holdings Pvt Ltd, to which Bhilai Jaypee Cement owed Rs 45 crore against supply of coal. A two-member NCLT bench also appointed an [] The p

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

NEW DELHI, Oct 19: Automobile exports from India rose 26 per cent year-on-year in September quarter driven by highest-ever shipments of passenger vehicles, two-wheelers and three-wheelers during the period, as per the latest data released by industry body SIAM. Passenger vehicle exports grew 23 per cent to 2,41,554 units in September quarter as against 1,96,196 units in the same period of last fiscal. Passenger car exports grew 20.5 per cent to 1,25,513 units in the second quarter as against []

* 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 18: KP Group company KPI Green Hydrogen and Ammonia, Desco Infratech Ltd, and Naveriya Gas have joined hands to spearhead hydrogennatural gas blending projects, a statement said on Saturday. Under the partnership, the three companies will initiate hydrogennatural gas blending projects in the city gas distribution sector, Desco Infratech said in a statement. This partnership is a key step in building green infrastructure and supporting Indias clean energy transition. This collabor

New Delhi, Oct 18: There is an imminent need for jurisdictional agencies, handling affairs at international airports, to sensitise their officers in the prevailing laws before taking the drastic step of detention and arrest of an international traveller, the Supreme Court has said. A bench of Justices Vikram Nath and Sandeep Mehta made the observations while quashing the arrest and criminal proceedings against NRI Rocky Abraham, an Indian citizen settled in Italy for over two decades. He was det

NEW DELHI, Oct 14: RBL Bank on Tuesday said it is on a growth trajectory and routinely explores opportunities aimed at enhancing shareholder value. In response to clarification sought by stock exchanges on a news report that Emirates NBD Bank is looking to buy a majority stake in RBL Bank, the private sector lender said: the contents of the article are incorrect. The Bank is on a growth trajectory and routinely explores opportunities which are aimed at enhancing shareholder [] The post RBL Bank

NEW DELHI, Oct 12: Realty firm Prestige Estates Projects Ltd has launched 620 flats for sale in Ghaziabad with an estimated revenue of Rs 2,200 crore, as part of its strategy to expand business amid strong demand for premium residential properties. In April this year, Bengaluru-based Prestige Estates entered the Delhi-NCR market with the launch of its 62.5-acre township project in Ghaziabad, Uttar Pradesh. In the first phase of its township, The Prestige City, Indirapuram, Prestige Estates had

NEW DELHI, Oct 11: Since Indian Railways is the primary mode of transportation for the low and middle-income groups, efforts are being made to increase the facilities for them while ensuring safety of all passengers, Railway Minister Ashwini Vaishnaw said on Saturday after inspecting a newly-constructed permanent holding area for passengers at the New Delhi railway station. Named Yatri Suvidha Kendra, the permanent holding area is designed to accommodate approximately 7,000 passengers at any gi

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 11: Realty firm Mahindra Lifespace Developers Ltd has acquired a 13.46-acre land in Pune to develop a housing project worth Rs 3,500 crore. In a regulatory filing late Friday, the company informed that it has acquired the land in the premier neighbourhood of Nande-Mahalunge in Pune. Mahindra Lifespace, a part of Mahindra Group, did not disclose the name of the seller and also the deal value. The land is estimated to yield a development potential of [] The post Mahindra Lifespace

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

BENGALURU, Oct 8: Industrial automation company, Omron on Wednesday announced the inauguration of its new automation centre in the city. The centre, part of OMRONs global network of 44 Automation Centers and Proof of Concept (POC) labs, will serve manufacturers in South India as well as across the country, including micro, small, and medium enterprises (MSMEs). The centre demonstrates practical automation solutions for manufacturing challenges, facilitates proof-of-concept development, provides

New Delhi, Oct 7: The Supreme Court on Tuesday directed all the states and Union Territories to frame road safety rules within six months by regulating the movement of non-motorised vehicles and pedestrians in public spaces. A bench of Justices J B Pardiwala and K V Viswanathan directed all the states and UTs to frame such rules under Sections 138 (1A) and 210D of the Motor Vehicles Act, 1988. We direct all the states and UTs to formulate rules under [] The post SC Directs States, UTs To Frame R

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

NEW DELHI, Oct 6: EPC major KEC International on Monday said it has secured new orders worth Rs 1,102 crore across various businesses. The company, in a statement, said its civil business has secured an order for civil and structural works of a 150 MW thermal power plant from a leading private player in India. The T&D (transmission and distribution) business has bagged orders for the supply of towers, hardware & poles in the Americas and the Middle East. [] The post KEC International bags new o

NEW DELHI, Oct 5: Uttar Pradesh-based BL Agro, which mainly sells edible oils and processed food items, will invest Rs 3,000 crore to expand its business and achieve an aggressive target of growing its revenue 2.5 times to Rs 20,000 crore in the next five years. In an interview with PTI, CEO Navneet Ravikar said the company would make these investments to fund expansion plans across various food categories like rice and milk. BL Agro Group, which sells cooking [] The post BL Agro aims to become

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 DELHI, Oct 2: Sazerac, one of the largest spirits company in the world, said India is central to its long-term growth plans as the largest whiskey market is witnessing premiumisation where people are spending more on quality experience with rising disposable income. Sazerac is positioned to adapt and respond to the evolving landscape and consumer preferences in India, where it has plans to roll out new products in the coming years based on consumer response and market dynamics [] The post S

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 []

NEW DELHI, Sept 30:Allana Consumer Products Ltd, the countrys fourth-largest coffee exporter, expects exports to slow to 22,000-25,000 tonnes in the current fiscal year due to volatile global markets, a senior company official said on Tuesday. The company exported 26,300 tonnes of coffee in the 2024-25 financial year. We have done around 11,000 metric tonnes of green coffee exports until the end of August. We hope to do anything between 11,000 and 15,000 for the rest of the year, C [] The post A

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 .

NEW DELHI: (Sep 29) Consumer Affairs Secretary Nidhi Khare on Monday said the governments National Consumer Helpline (NCH) has received 3,000 complaints related to GST since the implementation of reduced taxes. We have so far received 3,000 consumer complaints. We are sending them to the CBIC (Central Board of Indirect Taxes and Customs) for further action, Khare told reporters on the sidelines of an event. The Consumer Affairs Ministry is closely monitoring instances where consumers are being c

NEW DELHI, Sept 24: Renewable energy solutions provider Suzlon on Wednesday said it will transition its entire vehicular fleet to electric mobility by 2035. After committing to power all its facilities with 100 per cent renewable energy by 2030, Suzlon has taken another bold step in its sustainability journey by joining the global EV100 initiative of Climate Group, a company statement said. As part of this, Suzlon will transition its entire fleet to electric vehicles by 2035, further reducing ca

NEW DELHI, Sept 23: TPA service provider Vidal Health, a subsidiary of Bajaj Finserv Health, and worlds largest vaccine manufacturer Serum Institute of India (SII) on Tuesday announced a strategic collaboration to support national efforts in cervical cancer prevention and awareness. Starting October 1, 2025, Vidal Healths platform will offer an end-to-end, convenient and cashless experience for human papillomavirus (HPV) vaccine from digitally booking a doctors appointment at a preferred locat

MUMBAI, Sept 22: Omnichannel watch retailer JUST IN TIME has raised Rs 80 crore from seasoned investors Ashish Kacholia, Lashit Sanghvi and associates, a top company official said on Monday. The fresh capital infusion will help the company in its pan-India expansion and strengthening the omnichannel presence, Rajesh Chheda, Founder & Managing Director, JUST IN TIME, said. With their (investors) support, we are set to scale our presence, strengthen our digital ecosystem, and redefine the watch r

MUMBAI, Sept 22:Festive cheer is set to lift Indias travel industry this year, with strong demand from Gen Z travellers and a surge in spiritual tourism expected to drive bookings, even as overall growth faces headwinds from recent incidents and geopolitical tensions, a top Cleartrip executive has said. The beginning of the year was very strong with January, February and March accounting for unprecedented growth, in terms of yields, and it was an excellent time for the industry as [] The post F

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

NEW DELHI, Sept 19: Suzuki Motorcycle India on Friday said it will reduce prices of its products across models by up to Rs 18,024 to pass the benefit of GST rate reduction to customers. With the revised price effective September 22, 2025, customers can now enjoy savings, with the maximum benefit going up to Rs 18,024 depending on the model, Suzuki Motorcycle India Pvt Ltd (SMIPL) said in a statement. Alongside two-wheelers, the reduced GST on spare parts and accessories [] The post Suzuki Motorc

NEW DELHI, Sept 19: Agriculture Minister Shivraj Singh Chouhan on Friday called upon tractor and farm equipment manufacturers to ensure that the benefits of GST reductions are passed on to farmers from September 22, saying the move would lead to significant price cuts ranging from Rs 23,000 to Rs 63,000 across different tractor categories. Addressing the media after a meeting with representatives of farm equipment makers, Chouhan said the GST reduction would make farm machinery at Custom Hiring

NEW DELHI, Sept 18:Serentica Renewables on Thursday said it has entered into an agreement with state-owned Solar Energy Corporation of India (SECI) for a 100 MW clean energy project. The renewable power producer also said that the agreement is Indias first-ever load following power purchase agreement (PPA), designed in coordination with SECI and state DISCOMs to match the seasonal load profile of the offtakers. Under the load following PPA, power supplier commits to delivering electricity as pe

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