Business

Union Agriculture Secretary Devesh Chaturvedi on Saturday called for a decisive change in India’s agricultural policy — moving away from a purely utilitarian, output-driven model towards one shaped by ethical principles, as the country seeks to reconcile food security goals with environmental safeguards.Addressing the valedictory session of the M S Swaminathan Centenary International Conference, Chaturvedi…

Several garment manufacturers in Tiruppur, Tamil Nadu’s knitwear hub, have suspended production, while others are weighing their options after the United States announced steep new tariffs on Indian imports. Industry representatives said American buyers have also paused execution of existing orders, prompting exporters to adopt a “wait and watch” stance.The move follows Washington’s decision to…

When US President Donald Trump imposed tariffs of 50 per cent on Brazilian exports in July, acai producer Ailson Ferreira Moreira felt immediately concerned. After all, who was going to eat all of that Amazon berry, globally famous as a delicious, refreshing and nutritious superfood, if American consumers suddenly could no longer afford it? As…

Technocraft Ventures, a wastewater treatment solutions provider and public infrastructure development firm, has filed draft papers with markets regulator Sebi to launch an initial public offering (IPO).The IPO will comprise a fresh issue of up to 95.05 lakh equity shares and an offer for sale (OFS) of up to 23.76 lakh shares by promoter Kartikey…

India and Oman are set to announce the conclusion and signing of their proposed free trade agreement (FTA) “much sooner” than the earlier estimated two to three months, PTI reported citing an official.When asked if it would take two to three months, the official said: “Much less” than that. The agreement text is currently being…

Elon Musk‘s Tesla is set to expand its India footprint, with its second showroom opening in Delhi on August 11, less than a month after the electric carmaker debuted in Mumbai.Announcing the move on social media platform X, Tesla posted: “Arriving in Delhi – stay tuned,” along with a sleek graphic teasing its arrival in…

ICICI Bank, India’s second-largest lender, has increased the monthly minimum average balance requirement for new savings account holders, effective August 1.For accounts opened after this date, customers in metro and urban branches will need to maintain a monthly average balance of Rs 50,000, up from the earlier Rs 10,000. In semi-urban branches, the requirement has…

NEW DELHI: In a bid to manage the heavy rush during the Diwali and Chhath festival season, railways has introduced a new experimental scheme “Round Trip Package”, offering a 20% rebate on the fare of the return journey for passengers booking both onward and return tickets together. The initiative aims to spread out passenger traffic…

MUMBAI: State Bank of India reported a 9.7% year-on-year rise in consolidated Q1 FY26 profit to Rs 21,201 crore, driven by robust treasury and forex income. Standalone net profit increased to Rs 19,160 crore from Rs 17,035 crore that was recorded a year earlier.Advances grew 11.6% YoY, but core net interest income slipped 0.1% to…

The United States Commerce Department has begun issuing licenses to Nvidia to export its H20 chips to China, a US official told Reuters on Friday, marking a major breakthrough for the AI giant’s access to one of its most important markets.The move follows Washington’s decision last month to reverse an April ban on sales of…