Business News: Economy & Markets

India-Middle East-Europe Economic Corridor seen as path to prosperous future

IANS | June 4, 2026 3:37 PM

New Delhi, June 4 (IANS) The India-Middle East-Europe Economic Corridor (IMEC), a proposed multinational infrastructure initiative aimed at upgrading connectivity between the three regions through integrated trade, energy, and digital networks, is envisioned partially as a counterweight to China’s international infrastructure project, the Belt and Road Initiative (BRI), according to an article.

Nearly 80 pc smartphone users experience call drops on highways: Report

IANS | June 4, 2026 3:30 PM

New Delhi, June 4 (IANS) Nearly eight in 10 smartphone users, or 79 per cent of users, experience call drops or connectivity interruptions while travelling on Indian highways, a report said on Thursday.

India’s crude steel production reaches 14.21 million tonnes in May, up 2.9 pc: Govt

IANS | June 4, 2026 3:06 PM

New Delhi, June 4 (IANS) India’s steel sector sustained its growth trajectory in May, as crude steel production reached 14.21 million tonnes, up 2.9 per cent year-on-year, the government said on Thursday.

70 pc Indian AI users save a full workday weekly: Report

IANS | June 4, 2026 2:56 PM

New Delhi, June 4 (IANS) India emerged among the world’s leading markets for workplace AI adoption, with 70 per cent of frontline AI users saving at least one full workday every week, a report said on Thursday.

Paul Mashatile's visit signals new push in India–South Africa economic and strategic partnership: Report

IANS | June 4, 2026 2:47 PM

New Delhi, June 4 (IANS) A high-level South African delegation led by Deputy President Paul Mashatile visited India, marking a renewed push to deepen strategic, economic and diplomatic ties between the two countries at a time of global geopolitical and economic uncertainty, a report has said.

Defence forces get enhanced financial powers; procurement worth Rs 1.25 lakh crore to get faster clearance

IANS | June 4, 2026 2:01 PM

New Delhi, June 4 (IANS) In a major push to improve efficiency and accelerate defence procurement, the government on Thursday announced that it has significantly enhanced the delegation of financial powers across the armed forces, enabling faster decision-making and smoother execution of contracts.

Rahul Gandhi’s ‘economic tsunami’ claim is classic fear-mongering: BJP

IANS | June 4, 2026 1:54 PM

New Delhi, June 4 (IANS) The Bharatiya Janata Party (BJP) leader Amit Malviya said on Thursday that Congress leader Rahul Gandhi’s claim about India heading towards an "economic tsunami" because the government has removed all shock absorbers "is not just wrong, it is classic fear-mongering."

Ola Consumer valuation collapses to $70 million after Vanguard markdown

IANS | June 4, 2026 1:38 PM

New Delhi, June 4 (IANS) Ola Consumer (formerly known as Ola Cabs) has suffered a sharp valuation cut after funds managed by US investment giant Vanguard Group reduced the fair value of its parent company -- ANI Technologies -- to just $70 million, as per multiple reports.

India-Oman CEPA becomes strategic hedge against Strait of Hormuz-related vulnerabilities

IANS | June 4, 2026 1:36 PM

New Delhi, June 4 (IANS) India- Oman Comprehensive Economic Partnership Agreement (CEPA) carries strategic value beyond trade by offering mechanisms to mitigate risks tied to the Strait of Hormuz, a report has said.

Another 3 FTAs to come into effect in next 6 months: Piyush Goyal

IANS | June 4, 2026 1:29 PM

Mumbai, June 4 (IANS) Commerce and Industry Minister Piyush Goyal said on Thursday India is actively expanding its global trade network, with the Oman free trade agreement (FTA) coming into effect from June 1, and another two to three more significant FTAs are scheduled to become operational in the next six months.

Business

India-Middle East-Europe Economic Corridor seen as path to prosperous future

Nearly 80 pc smartphone users experience call drops on highways: Report

India’s crude steel production reaches 14.21 million tonnes in May, up 2.9 pc: Govt

70 pc Indian AI users save a full workday weekly: Report

Paul Mashatile's visit signals new push in India–South Africa economic and strategic partnership: Report

Defence forces get enhanced financial powers; procurement worth Rs 1.25 lakh crore to get faster clearance

Rahul Gandhi’s ‘economic tsunami’ claim is classic fear-mongering: BJP

Ola Consumer valuation collapses to $70 million after Vanguard markdown

India-Oman CEPA becomes strategic hedge against Strait of Hormuz-related vulnerabilities

Another 3 FTAs to come into effect in next 6 months: Piyush Goyal

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