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BUSINESS

Pre-bid conference for Rs 7,280-crore rare earth manufacturing scheme conducted, 25 firms join

IANS | April 7, 2026 5:13 PM

New Delhi, April 7 (IANS) The Ministry of Heavy Industries (MHI) on Tuesday organised a pre-bid conference here for prospective bidders under the 'Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets' (REPM), drawing participation from at least 25 companies.

Nepal follows India, cuts taxes on petroleum products to ease consumer burden

IANS | April 7, 2026 5:03 PM

Kathmandu, April 7 (IANS) The new government in Nepal on Tuesday decided to provide partial tax exemptions on petroleum products in a move to ease the financial burden on consumers, mirroring a similar decision by the Indian government.

Bank of Baroda rolls out multilingual AI platform ‘bob SAMVAD’ across 22 languages

IANS | April 7, 2026 4:42 PM

New Delhi, April 7 (IANS) Bank of Baroda on Tuesday rolled out ‘bob SAMVAD’ -- an AI-powered multilingual conversational platform developed by the bank to enhance in-branch customer interactions.

RBI likely to hold rates; metal, mining stocks to benefit from high energy prices

IANS | April 7, 2026 4:20 PM

New Delhi, April 7 (IANS) The Reserve Bank of India (RBI) is likely to keep policy rates on pause as liquidity tools will take centre-stage in 2026, even as crude prices sit about 50 per cent above the central bank’s $70 per barrel assumption, a report said on Tuesday.

South Africa sees upcoming summit as platform to bolster economic ties with India

IANS | April 7, 2026 3:56 PM

New Delhi, April 7 (IANS) South Africa’s High Commissioner to India, Professor Anil Sooklal, sees the upcoming India-Africa Forum Summit (IAFS) as an opportunity to strengthen his country’s economic ties with India across the pharmaceutical, green energy, IT, and agricultural sectors.

Food PLI scheme attracts Rs 9,207 crore investment, creates 3.29 lakh jobs

IANS | April 7, 2026 3:46 PM

New Delhi, April 7 (IANS) The Production-Linked Incentive (PLI) Scheme for the food processing industry has attracted investments of Rs 9,207 crore and generated around 3.29 lakh jobs so far, the government said on Tuesday.

Pakistan in a fix as deadline for repaying $3.5 billion UAE debt nears

IANS | April 7, 2026 3:21 PM

New Delhi, April 7 (IANS) Debt-ridden Pakistan is facing a grim financial situation as it has to repay $3.5 billion to the United Arab Emirates this month.

Pakistan faces widening tax shortfall as FBR misses targets amid economic strain

IANS | April 7, 2026 3:11 PM

New Delhi, April 7 (IANS) Pakistan’s fiscal challenges are deepening as the country struggles to meet its tax collection targets, with the Federal Board of Revenue (FBR) falling significantly short in the current financial year, a report has said.

India-Canada CEPA to provide huge growth boost due to complementary nature of economies

IANS | April 7, 2026 2:31 PM

New Delhi, April 7 (IANS) The proposed Comprehensive Economic Partnership Agreement between India and Canada gains huge leverage from the complementary nature of both country's economies, a new report has said.

Air India confirms resignation of its CEO Campbell Wilson

IANS | April 7, 2026 2:12 PM

New Delhi, April 7 (IANS) Air India on Tuesday confirmed the resignation of Chief Executive Officer and Managing Director, Campbell Wilson.

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