Business News: Economy & Markets

Europe fails to act as cheap Chinese goods hit local industries: Report

IANS | May 22, 2026 2:28 PM

New Delhi, May 22 (IANS) Europe is among the most exposed to the China shock as it faces a price war, a massive surge of cheap Chinese goods imports and de-industrialisation, but they are not taking the necessary actions against these threats because of fears of retaliation and coercion from Beijing, according to an article published by the European Council on Foreign Relations (ECFR).

BJP dismisses Congress attack on economy, says oppn far away from data, facts and context

IANS | May 22, 2026 2:13 PM

New Delhi, May 22 (IANS) BJP leader Amit Malviya on Friday hit back at Congress leader Jairam Ramesh over his criticism of the Modi government's economic policies, asserting that India remains the world's fastest-growing major economy and accusing the opposition of ignoring facts and data.

India’s organised gold jewellery retail sector to achieve 20-25 pc revenue growth this fiscal: Report

IANS | May 22, 2026 1:51 PM

New Delhi, May 22 (IANS) The Indian organised gold jewellery retail sector, comprising jewellery, coins and bars, is poised to achieve a robust revenue growth of 20-25 per cent year-on-year this fiscal (FY27), driven by higher realisations, despite the expected decline in volume due to high prices of gold and recent policy measures to curb imports of the metal, a new report showed on Friday.

US software firm ClickUp sacks 22 pc of workforce, CEO ‘owns’ layoffs

IANS | May 22, 2026 1:48 PM

New Delhi, May 22 (IANS) US-based software firm ClickUp has reduced headcount by 22 per cent as part of operations restructure to improve output “100-fold" through AI‑oriented roles.

FIEO expects Piyush Goyal’s visit to boost India-Canada economic ties

IANS | May 22, 2026 1:45 PM

New Delhi, May 22 (IANS) The Federation of Indian Export Organisations (FIEO) on Friday said it sees the upcoming visit of Commerce and Industry Minister Piyush Goyal to Canada as an important step towards strengthening bilateral economic and trade relations between the two countries.

RBI’s dividend to Govt expected to surpass earlier record of Rs 2.7 lakh crore

IANS | May 22, 2026 1:22 PM

Mumbai, May 22 (IANS) The Reserve Bank of India (RBI) Central Board is meeting on Friday to finalise its transfer of surplus funds to the government under the revised Economic Capital Framework, with economists estimating the dividend to surpass last year’s record payout of Rs 2.69 lakh crore.

GreenLine Mobility expands LNG fleet partnership with Tata Steel

IANS | May 22, 2026 12:32 PM

Mumbai, May 22 (IANS) GreenLine Mobility Solutions Ltd., an Essar venture and a pioneer in green logistics, further strengthened its longstanding partnership with Tata Steel with the flag-off of LNG-powered trucks at Tata Steel’s Meramandali facility in Odisha.

India’s passenger vehicle industry volumes to expand by 4.6 pc in FY27

IANS | May 22, 2026 11:40 AM

New Delhi, May 22 (IANS) The Indian passenger vehicle segment has witnessed strong volume growth driven by GST rate cuts, the extended summer wedding season, and healthy demand for newly launched models, despite concerns over a weak monsoon outlook and the ongoing West Asia crisis, a report showed on Friday.

Centre brings Pregabalin drug under Schedule H1 to prevent misuse, boost regulation

IANS | May 22, 2026 11:33 AM

New Delhi, May 22 (IANS) Health Ministry on Friday said it has notified the inclusion of the drug ‘Pregabalin’ under Schedule H1 of the Drugs Rules, 1945. The decision has been taken in view of reports received from certain states regarding the misuse and abuse of Pregabalin, particularly among youth.

Govt to sell 8 pc stake in Central Bank of India; OFS opens today

IANS | May 22, 2026 11:20 AM

Mumbai, May 22 (IANS) As offer for sale (OFS) for Central Bank of India shares opened for non-retail investors on Friday as the bank scrips surged 0.29 per cent in early trade.

Business

Europe fails to act as cheap Chinese goods hit local industries: Report

BJP dismisses Congress attack on economy, says oppn far away from data, facts and context

India’s organised gold jewellery retail sector to achieve 20-25 pc revenue growth this fiscal: Report

US software firm ClickUp sacks 22 pc of workforce, CEO ‘owns’ layoffs

FIEO expects Piyush Goyal’s visit to boost India-Canada economic ties

RBI’s dividend to Govt expected to surpass earlier record of Rs 2.7 lakh crore

GreenLine Mobility expands LNG fleet partnership with Tata Steel

India’s passenger vehicle industry volumes to expand by 4.6 pc in FY27

Centre brings Pregabalin drug under Schedule H1 to prevent misuse, boost regulation

Govt to sell 8 pc stake in Central Bank of India; OFS opens today

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