Cabinet approves Rs 20,667 crore double line railway project in Gujarat

IANS | May 13, 2026 4:15 PM

New Delhi, May 13 (IANS) The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the Ahmedabad (Sarkhej)-Dholera semi-high-speed double line railway project - the first of the Indian Railways planned with indigenously developed technology, with a total investment of Rs 20,667 crore.

Cabinet okays increase in MSP for 14 kharif crops

IANS | May 13, 2026 4:00 PM

New Delhi, May 13 (IANS) The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the increase in the Minimum Support Prices (MSP) for 14 kharif crops for Marketing Season 2026-27 to ensure remunerative prices to farmers.

Black Box completes acquisition of 2S Inovações Tecnológicas S.A.

IANS | May 13, 2026 3:32 PM

Mumbai, May 13 (IANS) Black Box Limited (BSE: 500463 | NSE: BBOX), the technology arm of Essar and a leading global provider of digital infrastructure solutions, today announced the successful completion of its acquisition of 2S Inovações Tecnológicas S.A., a leading Brazil-based provider of digital infrastructure, data center networking, cloud, cybersecurity, and managed technology solutions.

AI-led models likely to unlock up to $170 bn credit gap in India

IANS | May 13, 2026 2:36 PM

New Delhi, May 13 (IANS) AI‑driven credit models could unlock an estimated credit gap worth $130–170 billion in economic value and reduce MSMEs’ reliance on informal lending, the government said on Wednesday, adding that India’s financial‑inclusion push is being reshaped by the convergence of a strong Digital Public Infrastructure and artificial intelligence.

Australia hikes budget outlay to boost ties with India to $25.3 million

IANS | May 13, 2026 2:26 PM

New Delhi, May 13 (IANS) The Australian government will commit $25.3 million in the 2026-27 budget to strengthen bilateral economic, strategic and maritime relations with India amid the drastic change in the global geopolitical landscape following Donald Trump taking over as President of the United States.