Business News: Economy & Markets

IMF sees India gaining from supply chain shift

IANS | July 9, 2026 9:34 PM

Washington, July 9 (IANS) India's push to establish itself as a global manufacturing hub is beginning to pay off as international supply chains diversify, with the International Monetary Fund (IMF) saying on Thursday that it is already seeing tangible evidence of the shift, particularly in electronics manufacturing, while urging New Delhi to sustain structural reforms to maintain the momentum.

After Bangladesh, China in renewed Nepal outreach for further influence in South Asia

IANS | July 9, 2026 8:48 PM

New Delhi, July 9 (IANS) China now appears to be trying to re-establish its influence in Nepal after a Bangladesh foray, with new promises of economic assistance and infrastructure development.

SMAM distributes 21.61 lakh farm machines to small farmers: Govt

IANS | July 9, 2026 8:31 PM

New Delhi, July 9 (IANS) Central assistance of Rs 9,404.47 crore has supported the distribution of 21.61 lakh agricultural machines to individual farmers under the Sub‑Mission on Agricultural Mechanization (SMAM), an official statement said on Thursday.

AustralianSuper's fresh NIIF investment reflects global confidence in India's growth story: Former ONGC official

IANS | July 9, 2026 8:00 PM

New Delhi, July 9 (IANS) Former ONGC Director (Finance) Subhash Kumar on Thursday said AustralianSuper's decision to invest an additional AUD 500 million in the National Investment and Infrastructure Fund (NIIF) reflects the growing confidence of global institutional investors in India's long-term economic and infrastructure growth story.

India building 'from chips to ships' manufacturing ecosystem: PM Modi

IANS | July 9, 2026 5:34 PM

New Delhi, July 9 (IANS) Prime Minister Narendra Modi said on Thursday that India is aiming to become a developed nation with the building of a new manufacturing ecosystem "from chips to ships" and is working on 6G technology to lead global innovation.

Private credit to emerge as key growth engine for India's economy: Industry leaders

IANS | July 9, 2026 5:26 PM

Mumbai, July 9 (IANS) India's private credit market is set for sustained expansion over the coming years, driven by growing awareness, regulatory support, digital innovation and rising demand for alternative financing, industry leaders said on Thursday.

TCS Q1 net profit slips nearly 3 pc sequentially; declares Rs 12 interim dividend

IANS | July 9, 2026 4:32 PM

Mumbai, July 9 (IANS) Tata Consultancy Services (TCS), India's largest software services exporter, on Thursday reported a consolidated net profit of Rs 13,349 crore for the first quarter of FY27, down around 3 per cent from Rs 13,718 crore recorded in the January-March quarter of the previous financial year (Q4 FY26).

Centre rolls out customs duty relief on inputs to boost electronic goods production

IANS | July 9, 2026 4:21 PM

New Delhi, July 9 (IANS) The government has rolled out more customs duty relief to lower the cost of importing a wide range of components and capital goods used to produce electronic goods such as smartphones and lithium-ion battery manufacturing, in order to promote domestic production of finished products.

Pakistan's structural weaknesses continue to deter foreign investors: Report

IANS | July 9, 2026 3:49 PM

New Delhi, July 9 (IANS) Pakistan's chaotic governance, policy inconsistency and political instability continue to deter foreign investment despite repeated overseas investment pitches by the country's leadership, according to a report.

FM Sitharaman thanks PM Modi as AustralianSuper invests $500 million more in India's NIIF

IANS | July 9, 2026 3:00 PM

New Delhi, July 9 (IANS) Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Thursday welcomed AustralianSuper's additional $500 million (Australian dollar) investment in India's National Investment and Infrastructure Fund (NIIF), saying the move reflected global investors' continued confidence in India's growth story under the leadership of Prime Minister Narendra Modi.

Business

IMF sees India gaining from supply chain shift

After Bangladesh, China in renewed Nepal outreach for further influence in South Asia

SMAM distributes 21.61 lakh farm machines to small farmers: Govt

AustralianSuper's fresh NIIF investment reflects global confidence in India's growth story: Former ONGC official

India building 'from chips to ships' manufacturing ecosystem: PM Modi

Private credit to emerge as key growth engine for India's economy: Industry leaders

TCS Q1 net profit slips nearly 3 pc sequentially; declares Rs 12 interim dividend

Centre rolls out customs duty relief on inputs to boost electronic goods production

Pakistan's structural weaknesses continue to deter foreign investors: Report

FM Sitharaman thanks PM Modi as AustralianSuper invests $500 million more in India's NIIF

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