Business News: Economy & Markets

Multidimensional poverty in India has fallen from 29 pc to 11 pc in 9 years: Minister

IANS | July 23, 2025 4:24 PM

New Delhi, July 23 (IANS) Multidimensional poverty in India, which apart from food covers access to health and education facilities, is estimated to have declined from 29.17 per cent in 2013-14 to 11.28 per cent in 2022-23 -- indicating that 24.82 crore people have escaped poverty during this period according to figures compiled by NITI Aayog, Minister of State for Planning, Rao Inderjit Singh, informed Parliament on Wednesday.

Indian stock market surges amid value buying, Sensex jumps 540 points

IANS | July 23, 2025 4:07 PM

Mumbai, July 23 (IANS) The Indian stock market settled in positive territory on Wednesday following buying in banking, financial services, automobiles and healthcare sectors amid positive global cues surrounding the US-Japan trade pact.

Apple clocks 36 pc growth in iPhone shipments in India in H1 2025: Industry data

IANS | July 23, 2025 3:54 PM

Mumbai, July 23 (IANS) Apple has recorded a strong 36 per cent year-on-year (YoY) growth in iPhone shipments in India during the first half of 2025 (H1 2025), industry data showed on Wednesday.

KFC and Pizza Hut India operator Sapphire Foods’ slips into loss of Rs 1.73 crore in Q1

IANS | July 23, 2025 3:51 PM

Mumbai, July 23 (IANS) Sapphire Foods India, the operator of popular fast-food chains like KFC and Pizza Hut, on Wednesday reported a net loss of Rs 1.73 crore in the first quarter (Q1) of FY26, ending June 30.

'Stands contradicted by internationally accepted data': Government refutes Reuters report on India’s unemployment rate

IANS | July 23, 2025 3:27 PM

New Delhi, July 23 (IANS) The Government on Wednesday refuted a Reuters report on India’s unemployment rate, saying "the article questioned the reliability of India’s official unemployment statistics on the basis of a perception-based survey of around 50 unnamed economists rather than verifiable data".

Gujarat portion of Mumbai-Ahmedabad bullet train project to be completed by Dec 2027: Vaishnaw

IANS | July 23, 2025 3:07 PM

New Delhi, July 23 (IANS) The Gujarat portion of the Mumbai-Ahmedabad High Speed Rail (MAHSR) Project between Vapi and Sabarmati is planned to be completed by December 2027, while the entire 508 km project is expected to be completed by December 2029, Railways Minister Ashwini Vaishnaw informed Parliament on Wednesday.

PM Modi's visit to UK, Maldives will boost Indian exports: FIEO

IANS | July 23, 2025 3:04 PM

New Delhi, July 23 (IANS) The Federation of Indian Export Organizations (FIEO) said on Wednesday that Prime Minister Narendra Modi's visit to the United Kingdom and the Maldives will boost Indian exports and promote regional stability in the Indian Ocean region.

ED files FEMA complaint against Myntra for alleged FDI violation worth Rs 1,654 crore

IANS | July 23, 2025 2:32 PM

New Delhi, July 23 (IANS) The Enforcement Directorate (ED) on Wednesday said that it has filed a formal complaint against Myntra Designs Private Limited, its related companies, and their directors for alleged violations under the Foreign Exchange Management Act (FEMA), 1999.

India has 8.52 million tonnes reserves of rare earth elements: Jitendra Singh

IANS | July 23, 2025 2:16 PM

New Delhi, July 23 (IANS) India has approximately 7.23 million tonnes (MT) of Rare Earth Elements Oxide (REO) contained in 13.15 MT monazite (a mineral of Thorium and Rare Earths) occurring in the coastal beach, teri and red sand and inland alluvium in parts of Andhra Pradesh, Odisha, Tamil Nadu, Kerala, West Bengal, Jharkhand, Gujarat and Maharashtra, while another 1.29 MT rare earths are situated in hard rocks in parts of Gujarat and Rajasthan, the Parliament was informed on Wednesday.

15.45 lakh households benefit from rooftop solar installation: Union Minister in LS

IANS | July 23, 2025 2:03 PM

New Delhi, July 23 (IANS) A total of 15.45 lakh households in the country and 5.23 lakh households in Gujarat have benefitted from rooftop solar installation, including that of rural areas (as of July 14), the Parliament was informed on Wednesday.

Business

Multidimensional poverty in India has fallen from 29 pc to 11 pc in 9 years: Minister

Indian stock market surges amid value buying, Sensex jumps 540 points

Apple clocks 36 pc growth in iPhone shipments in India in H1 2025: Industry data

KFC and Pizza Hut India operator Sapphire Foods’ slips into loss of Rs 1.73 crore in Q1

'Stands contradicted by internationally accepted data': Government refutes Reuters report on India’s unemployment rate

Gujarat portion of Mumbai-Ahmedabad bullet train project to be completed by Dec 2027: Vaishnaw

PM Modi's visit to UK, Maldives will boost Indian exports: FIEO

ED files FEMA complaint against Myntra for alleged FDI violation worth Rs 1,654 crore

India has 8.52 million tonnes reserves of rare earth elements: Jitendra Singh

15.45 lakh households benefit from rooftop solar installation: Union Minister in LS

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