Business News: Economy & Markets

Skyroot launches India's 1st private orbital rocket Vikram-1

IANS | July 18, 2026 12:12 PM

New Delhi, July 18 (IANS) India scripted a historic chapter in its space journey on Saturday as Hyderabad-based Skyroot Aerospace successfully launched Vikram-1, the country's first privately developed orbital rocket, under Mission Aagaman, making India only the third nation after the United States and China to have a private company capable of launching a rocket into orbit.

Historic cargo service between Kolkata and Nepal's Biratnagar begins

IANS | July 17, 2026 9:06 PM

Kathmandu, July 17 (IANS) A first-ever rail cargo service between Kolkata and Biratnagar, an eastern city in Nepal, officially began on Friday, marking a major milestone in facilitating imports from third countries under the Nepal–India Transit Treaty.

Leverage India's engineering talent, Make in India ecosystem: Piyush Goyal to Finnish firms

IANS | July 17, 2026 8:29 PM

New Delhi, July 17 (IANS) Union Commerce and Industry Minister Piyush Goyal held a series of high-level meetings with leading Finnish technology and industrial companies in Helsinki on Friday, urging them to deepen their investments in India by expanding manufacturing, research and development (R&D) capabilities and increasing exports from the country.

Reliance Industries' Q1 revenue jumps 25 pc to Rs 3.11 lakh crore; profit at Rs 20,946 crore

IANS | July 17, 2026 8:12 PM

Mumbai, July 17 (IANS) Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) on Friday reported a robust 25 per cent year-on-year increase in consolidated revenue to Rs 3.11 lakh crore for the first quarter of FY27, driven by strong double-digit growth across its Oil-to-Chemicals (O2C), retail and digital services businesses.

CBI files 2nd chargesheet in Reliance Communications loan fraud case

IANS | July 17, 2026 7:31 PM

New Delhi, July 17 (IANS) The Central Bureau of Investigation (CBI) on Friday filed a second chargesheet in the Reliance Communications Limited (RCom) loan fraud case, naming a company and two of its directors for alleged criminal conspiracy, criminal misappropriation and cheating in connection with the diversion of funds.

New Zealand bolsters ties with India in shift away from China

IANS | July 17, 2026 6:27 PM

New Delhi, July 17 (IANS) While New Zealand considered China as a major economic partner for the past several decades, the signing of the FTA with India, followed by the visit of Prime Minister Narendra Modi on July 11, suggests a new shift by New Zealand to expand and balance its economic and security relationships amid growing militarization and politicization in the Pacific, according to an article in The Diplomat.

Kenya airport deal proves China’s disinformation drive to win African infra projects

IANS | July 17, 2026 6:27 PM

New Delhi, July 17 (IANS) China continues to use media influence, psychological operations and debt diplomacy to secure overpriced deals in Kenya and other African countries, a new report alleged, citing an example of a recent contract to expand Kenya’s international airport.

India begins transformative aviation journey with new Rs 28,840 crore UDAN scheme

IANS | July 17, 2026 5:32 PM

New Delhi, July 17 (IANS) The modified UDAN Scheme (Ude Desh ka Aam Nagrik), launched with an outlay of Rs 28,840 crore to bring more regional towns on the country’s air map, envisions the building of 100 new airports and 200 modern helipads as part of the another transformative aviation journey in India, according to a factsheet issued by the government on Friday.

India to remain at core of realme’s long term growth strategy

IANS | July 17, 2026 5:20 PM

New Delhi, July 17 (IANS) Smartphone brand realme has outlined its next phase of growth in India, with a focus on product innovation, software experience, operational stability and stronger consumer and channel partnerships.

Tesla sells fewer than 500 cars in first year of India operations

IANS | July 17, 2026 5:02 PM

New Delhi, July 17 (IANS) Elon Musk-backed Tesla has sold fewer than 500 electric vehicles (EVs) in India during its first year of operations, underscoring the challenges of gaining a foothold in the country's premium automobile market despite the company's strong global brand appeal, according to industry data.

Business

Skyroot launches India's 1st private orbital rocket Vikram-1

Historic cargo service between Kolkata and Nepal's Biratnagar begins

Leverage India's engineering talent, Make in India ecosystem: Piyush Goyal to Finnish firms

Reliance Industries' Q1 revenue jumps 25 pc to Rs 3.11 lakh crore; profit at Rs 20,946 crore

CBI files 2nd chargesheet in Reliance Communications loan fraud case

New Zealand bolsters ties with India in shift away from China

Kenya airport deal proves China’s disinformation drive to win African infra projects

India begins transformative aviation journey with new Rs 28,840 crore UDAN scheme

India to remain at core of realme’s long term growth strategy

Tesla sells fewer than 500 cars in first year of India operations

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