Business News: Economy & Markets

EV retail sales hit record August high of 2.98 lakh units, penetration rises to 12.3 pc: FADA

IANS | September 8, 2026 4:48 PM

New Delhi, Sep 8 (IANS) Electric vehicle (EV) retail sales in India rose 52.9 per cent year-on-year to an all-time August high of 2,98,448 units in 2026, with overall penetration increasing to 12.3 per cent from 9.5 per cent a year earlier, according to data released by the Federation of Automobile Dealers Associations (FADA) on Tuesday.

Belgian prosecutors detain Chinese man over alleged semiconductor tech spying

IANS | September 8, 2026 4:47 PM

New Delhi, Sep 8 (IANS) Prosecutors in Belgium said that a 52‑year‑old man with dual Chinese and Belgian nationality has been held in pre‑trial detention since May on suspicion of espionage in a case involving semiconductor technology, as per multiple reports.

Samsung India cuts jobs in consumer electronics business

IANS | September 8, 2026 4:11 PM

New Delhi, Sep 8 (IANS) Samsung India has reportedly laid off their executives across its television and home appliance businesses as part of a cost-rationalisation exercise amid rising operating costs, muted consumer demand and organisational restructuring, as per multiple reports.

Area sown under kharif crops crosses 1,086 lakh hectares, pulses, jute record rise

IANS | September 8, 2026 3:41 PM

New Delhi, Sep 8 (IANS) The total area sown under kharif crops in the current season across the country is estimated at 1,086.31 lakh hectares as on September 4 this year, compared with the corresponding figure of 1,104 lakh hectares in the same period last year, data released by the Ministry of Agriculture and Farmers Welfare on Tuesday showed.

BRICS playing bigger role in new world economic order

IANS | September 8, 2026 3:21 PM

New Delhi, Sep 8 (IANS) India's 2026 BRICS Presidency offers strategic opportunities to expand exports, attract investments, strengthen manufacturing and technology partnerships, diversify supply chains, and enhance BRICS influence in the global economy, according to an article.

High production costs in Pakistan turn short price spikes into persistent food inflation: Report

IANS | September 8, 2026 3:18 PM

New Delhi, Sep 8 (IANS) Pakistan’s food inflation reflects deep structural weaknesses in agriculture that make the country extra vulnerable to global shocks, a new report has said.

Critical minerals mission gives India strong platform for industrial growth: Report

IANS | September 8, 2026 3:12 PM

New Delhi, Sep 8 (IANS) India has laid the foundations for a resilient and self-reliant critical minerals ecosystem through policy initiatives, domestic exploration and strategic international partnerships with the next phase focused on building processing and manufacturing capabilities, according to a report released on Tuesday.

Mahanadi Coalfields scripts dramatic reforms-driven success story: Govt

IANS | September 8, 2026 3:12 PM

New Delhi, Sep 8 (IANS) The Indian coal sector has witnessed a remarkable transformation since 2014, driven by a series of reforms undertaken by the government aimed at enhancing transparency, efficiency, technology adoption, infrastructure development, ease of operations and energy security, according to a factsheet issued by the government on Monday.

India's indigenous bullet train trials to start by May-June next year: Ashwini Vaishnaw

IANS | September 8, 2026 2:41 PM

New Delhi, Sep 8 (IANS) India's first indigenously developed bullet train is expected to commence trial runs by May or June next year with commercial inauguration likely within two to four months after testing, Union Railway Minister Ashwini Vaishnaw said on Tuesday.

Why India, Australia need to bolster AI ties

IANS | September 8, 2026 2:04 PM

New Delhi, Sep 8 (IANS) Australia is building data centre capacity at a pace that exceeds its demand, while India’s AI expansion is progressing at a rapid pace that cannot be matched by domestic capacity which creates a natural complementarity that the two countries can tap, according to an article published by the Lowy Institute.

Business

EV retail sales hit record August high of 2.98 lakh units, penetration rises to 12.3 pc: FADA

Belgian prosecutors detain Chinese man over alleged semiconductor tech spying

Samsung India cuts jobs in consumer electronics business

Area sown under kharif crops crosses 1,086 lakh hectares, pulses, jute record rise

BRICS playing bigger role in new world economic order

High production costs in Pakistan turn short price spikes into persistent food inflation: Report

Critical minerals mission gives India strong platform for industrial growth: Report

Mahanadi Coalfields scripts dramatic reforms-driven success story: Govt

India's indigenous bullet train trials to start by May-June next year: Ashwini Vaishnaw

Why India, Australia need to bolster AI ties

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