Business

The government has notified detailed guidelines for two major shipbuilding initiatives with a combined outlay of over Rs 44,700 crore, aimed at strengthening India’s domestic shipbuilding ecosystem and enhancing global competitiveness.The Ministry of Ports, Shipping and Waterways (MoPSW) said the two schemes — the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS)…

The finance ministry has directed public sector banks and financial institutions, including insurance companies, to ensure prompt reporting of vigilance-related matters concerning whole-time directors (WTDs), citing repeated instances of delayed or incomplete disclosures, PTI reported.In an advisory issued by the Department of Financial Services (DFS) earlier this month, the ministry said adverse information about board-level…

India’s push into global wine markets is beginning to gain attention as fruit-based wines slowly find space alongside traditional grape labels overseas. As growth in domestic wine consumption remains muted, exporters are leaning on international demand to fuel expansion, ET reported. In the first seven months of the current financial year, wine shipments from India…

India on Sunday paid tribute to late Ratan Tata on his 88th birth anniversary, as political leaders, industrialists and institutions gathered to remember the businessman.Tata Group chairman N Chandrasekaran paid homage to Ratan Tata at Bombay House, garlanding the statue of the late industrialist and philanthropist, Ratan Tata, the former chairman of the Tata Group.Recalling…

This is a representative AI image (Credit: Chatgpt) As the curtain begins to fall in 2025, India’s economic story resists easy labels. Was it the year the country was squeezed by global trade wars and tariffs? Or was it a rare “Goldilocks” moment, marked by strong growth, low inflation and ample policy room to support…

Did an OTT hit leave you feeling the pull of northeastern India? You’re not alone. A growing number of travellers are turning that screen-inspired wanderlust into real journeys, as the country’s entertainment and travel trends intersect. According to an ixigo report, popular OTT series are now playing a clear role in nudging travellers towards the…

Electricity buyers may see lower costs as the Central Electricity Regulatory Commission (CERC) reviews transaction fees charged by power trading exchanges. The review is taking place alongside the regulator’s push to introduce market coupling, a long-awaited reform aimed at improving efficiency in price discovery, increasing liquidity and bringing uniformity to electricity prices across trading platforms….

Indians are making changes to their travel patterns for the New Year, travelling to destinations beyond Thailand and Cambodia to regions like Vietnam, Indonesia, Sri Lanka, Japan and parts of West Asia, travel industry executives said. The transition comes after the two south Asian nations have been at continued border violence. The clashes, which continued…

Chile’s state-owned Codelco, the world’s leading copper producer, and private miner SQM, which features Chinese capital, announced Saturday the creation of a giant company to exploit lithium, a lightweight metal used in batteries for electric vehicles.The South American country is the world’s second-largest producer of lithium, a key component of EVs and other clean technologies,…

The UAE is gradually moving toward structured wage regulation, with benchmark salaries and mandatory payment systems shaping worker protections despite the absence of a national minimum wage/Image: Pexels As of 2025, the UAE has not enacted a formal nationwide minimum wage for all private-sector workers. The current labor framework, outlined in Federal Decree-Law No. 33…