Business News: Economy & Markets

Cabinet approves Rs 25,530 crore SARTHAK PDS scheme for next 5 years

IANS | May 27, 2026 3:24 PM

New Delhi, May 27 (IANS) The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the continuation of the "Scheme for Assistance in Ration Transport and Handling-Income with Automation in PDS" (SARTHAK PDS) as an umbrella scheme for the next five years with an outlay of Rs 25,530 crore as the Centre's share.

India’s 1st hydrogen fuel train cleared for operations on Jind-Sonipat section

IANS | May 27, 2026 3:06 PM

New Delhi, May 27 (IANS) In a major step towards green and sustainable transportation, Indian Railways has approved the introduction of a 10-car Hydrogen Fuel Cell-based trainset on the dedicated Jind-Sonipat section of Northern Railway, according to a statement issued by the Railway Ministry on Wednesday.

India's microfinance asset quality improves as delinquency rate drops 61 pc: Report

IANS | May 27, 2026 2:55 PM

New Delhi, May 27 (IANS) India’s microfinance sector witnessed a sharp improvement in asset quality, with the 30+ days past due (DPD) delinquency rate declining by 60 per cent, a report said on Wednesday.

India ranks 2nd in Asia Pacific data centre market with 1.6 GW operational capacity

IANS | May 27, 2026 2:55 PM

New Delhi, May 27 (IANS) India is the second-largest data centre market in the Asia-Pacific region with 1.6 GW of operational capacity and is also among the top three markets by development pipeline, with 3.1 GW under construction and planned, according to a new report on Wednesday.

BIF hails reforms aimed at nationwide adoption of PM-WANI public wi-fi ecosystem

IANS | May 27, 2026 2:28 PM

New Delhi, May 27 (IANS) Telecom industry body Broadband India Forum (BIF) on Wednesday hailed the Department of Telecommunications’ (DoT) two important notifications aimed at further strengthening the PM-WANI based Public Wi-Fi ecosystem.

CCPA warns e-commerce platforms over sale of hazardous chemicals

IANS | May 27, 2026 2:20 PM

New Delhi, May 27 (IANS) The Central Consumer Protection Authority (CCPA) has initiated regulatory action against several online platforms -- including IndiaMART, Justdial, Sigma-Aldrich India, Dial4Trade and ExportersIndia -- over the unauthorised sale and advertisement of hazardous chemicals and explosive substances, an official statement said on Wednesday.

How Atal Bhujal Yojana, National Water Mission are enhancing water security in rural India

IANS | May 27, 2026 1:49 PM

New Delhi, May 27 (IANS) Improving water governance in rural India is becoming increasingly important due to rising demand, uneven distribution, and climate variability. Government programmes including the Atal Bhujal Yojana, the National Water Mission, and state initiatives as in Rajasthan and Maharashtra, highlight the effectiveness of participatory approaches to build water security and climate resilience, according to an official factsheet released on Wednesday.

BUSINESS

Cabinet approves Rs 25,530 crore SARTHAK PDS scheme for next 5 years

India’s 1st hydrogen fuel train cleared for operations on Jind-Sonipat section

India's microfinance asset quality improves as delinquency rate drops 61 pc: Report

India ranks 2nd in Asia Pacific data centre market with 1.6 GW operational capacity

BIF hails reforms aimed at nationwide adoption of PM-WANI public wi-fi ecosystem

CCPA warns e-commerce platforms over sale of hazardous chemicals

How Atal Bhujal Yojana, National Water Mission are enhancing water security in rural India

Air India’s San Francisco-bound flight returns to Delhi after mid-air technical snag

India’s AI data centres could unlock $23 billion investment opportunity: Report

Social media calls Byju’s case a 'lesson for startups' after founder’s jail term

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