Business News: Economy & Markets

DRI busts major areca nut import racket, detects over Rs 2,500 crore revenue loss

IANS | August 16, 2026 11:52 AM

New Delhi, Aug 16 (IANS) The Directorate of Revenue Intelligence (DRI) has dismantled a major network allegedly involved in illegally importing South-East Asian areca nuts into India by falsely declaring them as Bangladeshi-origin goods to fraudulently avail concessional duty benefits under the South Asian Free Trade Area (SAFTA), the Ministry of Finance said on Sunday.

Oil-price volatility, El Nino effects to keep pressure on imported commodities, headline WPI

IANS | August 16, 2026 10:46 AM

New Delhi, Aug 16 (IANS) The oil-price volatility, higher insurance and freight costs and strengthening El Nino effects during August–September are the factors which are likely to keep pressure on imported commodities, food prices and headline WPI, according to economists.

RBI to stay in ‘wait-and-watch’ mode, supply side induced hike in inflation under watch

IANS | August 16, 2026 10:37 AM

New Delhi, Aug 16 (IANS) While a policy rate hike is surely not a zero probability event, the bar for the same appears high for now, with the Reserve Bank of India (RBI) likely to look through the supply side induced increase in inflation, according to a new report.

India’s steel consumption likely to reach 192 million tonnes by 2030

IANS | August 16, 2026 10:04 AM

Mumbai, Aug 16 (IANS) India’s steel consumption rose to 149 million tonnes (mnt) in FY25 and is projected to reach 192 mnt by 2030, at a CAGR of about 6-7 per cent, according to a new report.

BRICS meet in India to boost shared environmental priorities for sustainable future

IANS | August 16, 2026 9:39 AM

New Delhi, Aug 16 (IANS) BRICS member countries are set to deliberate on shared environmental priorities and strengthen cooperation for a resilient and sustainable future at the 12th BRICS Environment Ministers' Meeting here on August 18, an official statement said on Sunday.

Domestic investors remain net buyers, FIIs turn optimistic

IANS | August 16, 2026 9:29 AM

Mumbai, Aug 16 (IANS) Domestic institutional investors (DIIs) have been net buyers in every single week in last one month, totalling Rs 38,715.18 crore.

Gujarat market expert backs PM Modi’s seven-point roadmap

IANS | August 15, 2026 11:35 PM

Surat, Aug 15 (IANS) Prime Minister Narendra Modi’s seven-point development framework announced from the Red Fort on Saturday has drawn support from market expert and RupNex co-founder Avnish Tiwari, who said India’s focus on manufacturing, technology, agriculture and other strategic sectors could strengthen its position in the global economy.

FTAs can give Indian agriculture a bigger global footprint: Gujarat farmer

IANS | August 15, 2026 10:01 PM

Vadodara, Aug 15 (IANS) The opening of global markets through free trade agreements (FTAs) could create new opportunities for Indian farmers to increase their incomes, particularly by expanding exports of agricultural and processed food products, Vadodara-based farmer Hrithik Purohit said on Saturday, responding to Prime Minister Narendra Modi’s Independence Day call for the next leap in agriculture and food processing.

Over 1,000 students showcase ideas for greener, cleaner neighbourhoods at ANDPL's 'Mere Sapno Ki Dharavi 2.0'

IANS | August 15, 2026 9:18 PM

Mumbai, Aug 15 (IANS) More than 1,000 students from over 40 schools across Dharavi on Saturday showcased their vision for the neighbourhood through drawings, paintings, science models and projects at an inter-school competition and exhibition organised to mark the 80th Independence Day.

NDTV 24x7 becomes NDTV, unveils new identity anchored in ‘When It Really Matters’

IANS | August 15, 2026 8:46 PM

New Delhi, Aug 15 (IANS) Reflecting its evolution from a 24-hour television news channel into one news brand across screens, platforms and formats, NDTV has unveiled a new brand identity anchored in the thought, ‘When It Really Matters’, as NDTV 24x7 becomes simply NDTV.

Business

DRI busts major areca nut import racket, detects over Rs 2,500 crore revenue loss

Oil-price volatility, El Nino effects to keep pressure on imported commodities, headline WPI

RBI to stay in ‘wait-and-watch’ mode, supply side induced hike in inflation under watch

India’s steel consumption likely to reach 192 million tonnes by 2030

BRICS meet in India to boost shared environmental priorities for sustainable future

Domestic investors remain net buyers, FIIs turn optimistic

Gujarat market expert backs PM Modi’s seven-point roadmap

FTAs can give Indian agriculture a bigger global footprint: Gujarat farmer

Over 1,000 students showcase ideas for greener, cleaner neighbourhoods at ANDPL's 'Mere Sapno Ki Dharavi 2.0'

NDTV 24x7 becomes NDTV, unveils new identity anchored in ‘When It Really Matters’

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