Business News: Economy & Markets

SC sets aside rulings quashing JAO notices, remits reassessment cases to High Courts

IANS | April 29, 2026 5:44 PM

New Delhi, April 29 (IANS) In a significant ruling impacting thousands of reassessment cases under the Income Tax Act, the Supreme Court has set aside a series of High Court rulings that had quashed reassessment notices issued by Jurisdictional Assessing Officers (JAOs) and remitted the matters back for fresh adjudication in light of the Finance Act, 2026.

India's sex ratio improves, govt unveils gender-disaggregated data to boost policy outcome

IANS | April 29, 2026 5:39 PM

New Delhi, April 29 (IANS) India's sex ratio at birth has increased at the all-India level, indicating improved survival of females reaching from 904 in 2017-19 to 917 in 2021-23, the government said on Wednesday.

92 pc monsoon forecast, 35 pc deficit risk cloud FY27 farm outlook

IANS | April 29, 2026 5:32 PM

New Delhi, April 29 (IANS) India’s agricultural outlook for FY27 likely to remain uneven despite underlying stability, with a 92 per cent monsoon forecast and a 35 per cent probability of deficient rainfall emerging as key risks, though strong government support is expected to provide some cushion, a report said on Wednesday.

Ashwini Vaishnaw to flag off extended Srinagar-Jammu Vande Bharat on Thursday

IANS | April 29, 2026 5:26 PM

New Delhi, April 29 (IANS) Union Railways Minister Ashwini Vaishnaw is set to flag off the extended Srinagar-Katra Vande Bharat Express service from Jammu Tawi Railway Station on Thursday.

Pakistan: Ambiguity in energy policymaking shows lack of clarity

IANS | April 29, 2026 5:07 PM

Islamabad, April 29 (IANS) The implementation of some regulatory needs for small-scale solar systems, followed by a decision rollback, showcases lack of coherent vision in Pakistan for transition to renewable energy, a report has stated.

Adani Power’s Q4 profit jumps 64 pc to Rs 4,271 crore

IANS | April 29, 2026 4:49 PM

Ahmedabad, April 29 (IANS) Adani Power Limited (APL), a part of Adani portfolio of companies, on Wednesday reported a sharp 64 per cent year-on-year (YoY) surge in its consolidated net profit to Rs 4,271 crore for the fourth quarter ended March 31 (Q4 FY26), driven by improved operational efficiency and lower tax outgo despite a volatile power demand environment.

Rs 36,000-cr Ganga Expressway to boost logistics, real estate, industrial growth in UP: Report

IANS | April 29, 2026 4:45 PM

New Delhi, April 29 (IANS) Uttar Pradesh's nearly-600-km-long Ganga Expressway, built at a cost of around Rs 36,000 crore and inaugurated by Prime Minister Narendra Modi in Uttar Pradesh, will unlock new growth opportunities across 12 districts of the state, driving logistics, industrial and real estate development along the corridor, according to a report released on Wednesday.

India among world’s top countries in meeting climate targets: Piyush Goyal

IANS | April 29, 2026 4:21 PM

New Delhi, April 29 (IANS) Commerce and Industry Minister Piyush Goyal said on Wednesday that India is among the globally best performing countries in climate action and having already achieved its renewable energy target eight years ahead of schedule, the country is now aiming for a 500 GW clean energy capacity by 2030.

How Pakistan’s power sector borrowed its way into a deep crisis

IANS | April 29, 2026 4:19 PM

New Delhi, April 29 (IANS) The deep crisis in Pakistan’s power sector, in which consumers are left to pay huge electricity bills amid widespread outages, has resulted from excessive borrowing and financial mismanagement by the ruling establishment, according to an article in Geo News.

No hike in petrol, diesel prices: PIB fact-check unit debunks social media post

IANS | April 29, 2026 3:58 PM

New Delhi, April 29 (IANS) The fact-checking unit of the Press Information Bureau (PIB) on Wednesday dismissed as fake a viral message claiming that petrol and diesel prices have been hiked by up to Rs 12.50 per litre.