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Rate cut unlikely as inflation risks persist, geopolitical crisis hits industry: Anant Goenka

IANS | April 7, 2026 7:38 PM

New Delhi, April 7 (IANS) A rate cut in this environment will be fairly difficult because of inflation pressures, so the RBI may stay at current rate levels, Anant Goenka, President of FICCI, said on Tuesday.

RBI likely to hold rates, inflation could rise to 4.5–4.8 pc: Report

IANS | April 7, 2026 7:11 PM

New Delhi, April 7 (IANS) India's headline CPI could rise to between 4.5 and 4.8 per cent from a base case of about 4 per cent, and RBI's April policy is likely to keep rate changes on hold in a cautious tone, a report said on Tuesday.

Illicit cigarette trade drains Pakistan’s revenue by Rs 300 bn: Report

IANS | April 7, 2026 6:57 PM

New Delhi, April 7 (IANS) Large-scale tax evasion in Pakistan's tobacco sector, resulting in estimated annual losses of over Rs 300 billion, has emerged as a major concern amid the country's worsening fiscal stress, according to a local media report.

FMCG firms should consolidate portfolios, diversify supply chains to counter global risks: Report

IANS | April 7, 2026 6:53 PM

New Delhi, April 7 (IANS) FMCG companies should adopt contingency‑led supply‑chain planning, portfolio consolidation and revenue growth management to counter risks to India’s consumer products and retail industry from the US–Iran war, a report said on Tuesday.

Attainment of criticality at Prototype Fast Breeder Reactor reflects India’s indigenous strength

IANS | April 7, 2026 6:13 PM

New Delhi, April 7 (IANS) The attainment of criticality at the Prototype Fast Breeder Reactor (PFBR) marks more than a technological milestone; it reflects the maturity of India’s long standing nuclear vision and the strength of its indigenous capabilities, an official statement said on Tuesday.

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.

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