Business News: Economy & Markets

Centre releases Rs 2,208.74 crore to states for big push to fisheries sector

IANS | July 22, 2026 2:57 PM

New Delhi, July 22 (IANS) The Department of Fisheries has released Rs 2,208.74 crore to the states, during the last three financial years from 2023-24 to 2025-26, under the flagship scheme of the Pradhan Mantri Matsya Sampada Yojana (PMMSY) for holistic development of fisheries and aquaculture sector in the country, the Parliament was informed on Wednesday.

India becomes global leader with largest electrified railway network: Ashwini Vaishnaw

IANS | July 22, 2026 2:54 PM

New Delhi, July 22 (IANS) India has emerged as the global leader with the largest electrified railway network in the world. With 99.6 per cent electrification of the country’s broad gauge track network, India is second only to Switzerland which has 100 per cent railway electrification, but the network is much smaller, Union Railway Minister Ashwini Vaishnaw informed the Lok Sabha on Wednesday.

Adani Power clocks robust 47.2 pc net profit growth in Q1, logs highest-ever quarterly EBITDA

IANS | July 22, 2026 2:48 PM

Ahmedabad, July 22 (IANS) Adani Power on Wednesday reported solid growth of 47.2 per cent in consolidated profit after tax (PAT) at Rs 4,867 crore in Q1 FY27, compared to Rs 3,305 crore in Q1 FY26, due to tight control over finance costs despite growth in operations and ongoing capital expenditure programme.

India–NZ FTA expected soon, bilateral trade targeted to double by 2030: Trade Commissioner Rouse

IANS | July 22, 2026 2:42 PM

Mumbai, July 22 (IANS) The proposed India–New Zealand Free Trade Agreement (FTA) is expected to come into force soon and, together with the newly elevated Strategic Partnership between the two countries, is expected to help double bilateral trade by 2030, New Zealand's Trade Commissioner and Consul-General to India and South Asia, Graham Rouse, said on Wednesday.

Ayush Ministry seeks integration of traditional medicine in military healthcare

IANS | July 22, 2026 2:36 PM

New Delhi, July 22 (IANS) Union MoS Ayush, Health & Family Welfare, Prataprao Jadhav, has written to Defence Minister Rajnath Singh proposing the establishment of Ayush outpatient departments and Ayush‑based treatment services across Military and Field Hospitals, an official statement said on Wednesday.

E20 petrol may reduce mileage in some older vehicles, no evidence of engine damage: Govt

IANS | July 22, 2026 2:06 PM

New Delhi, July 22 (IANS) The Central government on Wednesday said that E20 petrol may lead to a marginal reduction in fuel efficiency in some older vehicles originally designed for E10 fuel, but that there is no verified evidence of widespread engine damage or vehicle breakdowns linked to ethanol-blended petrol.

50 OTT platforms blocked in last 2 years for obscene content: Ashwini Vaishnaw

IANS | July 22, 2026 1:39 PM

New Delhi, July 22 (IANS) The government has blocked 50 over-the-top (OTT) platforms from public access in India over the past two years for allegedly displaying obscene content and violating provisions of the Information Technology Act and other legal statutes, Union Minister for Electronics and Information Technology Ashwini Vaishnaw informed the Lok Sabha on Wednesday.

Bandhan Bank shares slump over 15 pc after guidance cut

IANS | July 22, 2026 12:06 PM

Mumbai, July 22 (IANS) Bandhan Bank shares plunged more than 15 per cent on Wednesday after the lender trimmed its return‑on‑assets (RoA) outlook, despite reporting a stronger‑than‑expected quarterly profit.

Bernstein calls Paytm's financial services distribution biz its 'Star Performer' as revenue grows 45 pc

IANS | July 22, 2026 11:47 AM

New Delhi, July 22 (IANS) Global brokerage Bernstein said that fintech pioneer Paytm's financial services distribution business was the standout of its June-quarter performance, with revenue up 45 per cent (year-on-year) to Rs 814 crore, as cross-sell of credit and other financial products continued to improve.

Minimal impact on Indian pharma companies supplying medicines to US: Analysts

IANS | July 22, 2026 10:28 AM

New Delhi, July 22 (IANS) Analysts on Wednesday said that there would be minimal impact on Indian pharma companies supplying medicines to US market, as US President Donald Trump has announced plans to impose tariffs on generic drugs from 2028.

Business

Centre releases Rs 2,208.74 crore to states for big push to fisheries sector

India becomes global leader with largest electrified railway network: Ashwini Vaishnaw

Adani Power clocks robust 47.2 pc net profit growth in Q1, logs highest-ever quarterly EBITDA

India–NZ FTA expected soon, bilateral trade targeted to double by 2030: Trade Commissioner Rouse

Ayush Ministry seeks integration of traditional medicine in military healthcare

E20 petrol may reduce mileage in some older vehicles, no evidence of engine damage: Govt

50 OTT platforms blocked in last 2 years for obscene content: Ashwini Vaishnaw

Bandhan Bank shares slump over 15 pc after guidance cut

Bernstein calls Paytm's financial services distribution biz its 'Star Performer' as revenue grows 45 pc

Minimal impact on Indian pharma companies supplying medicines to US: Analysts

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