Business News: Economy & Markets

India pushes to transform BRICS from talking shop to economic, tech powerhouse

IANS | September 17, 2026 4:43 PM

New Delhi, Sep 17 (IANS) India is working to transform BRICS from a geopolitical talking shop into an economic and technological platform with real-world reach, as reflected in Prime Minister Narendra Modi's emphasis on the importance of resilient supply chains, startups, critical technologies, green energy, and reform of global governance at the 18th BRICS summit in New Delhi, according to an article.

NSE cannot trade its own shares on exchange at present: SEBI chief

IANS | September 17, 2026 4:11 PM

Mumbai, Sep 17 (IANS) Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Thursday clarified that the regulator has received no formal request for the National Stock Exchange (NSE) to trade its shares on its own platform, stating that such a move is not permitted at present, according to a report.

India seeks technology-driven competitive advantage in mining sector: Minister

IANS | September 17, 2026 4:09 PM

New Delhi, Sep 17 (IANS) Union MoS for Science & Technology and Earth Sciences Dr. Jitendra Singh on Thursday said that India needs to move from a resource advantage to a technology-driven competitiveness in mining and metals, with technology integrated across the entire value chain, from geological exploration and mining to processing, logistics, recycling and downstream manufacturing.

'Patently false': Govt refutes allegation of external pressure in MDR rollout

IANS | September 17, 2026 3:51 PM

New Delhi, Sep 17 (IANS) The government on Thursday refuted the allegation in a section of the media that the MDR on UPI transactions has been introduced because of external pressure, while referring to a US Trade Representative (USTR) report of 2026.

Tata Sons board backs 5-year extension for Chandrasekaran, approves listing

IANS | September 17, 2026 3:34 PM

Mumbai, Sep 17 (IANS) Tata Sons' board on Thursday backed a fresh five-year term for Chairman N Chandrasekaran and cleared the company's long-pending listing plan, according to a report.

Petroleum dealers seek exemption from MDR on fuel sales

IANS | September 17, 2026 3:06 PM

New Delhi, Sep 17 (IANS) Representatives of the All India Petroleum Dealers Association (AIPDA) met senior officials of the Ministry of Petroleum and Natural Gas on Thursday to discuss their demand for exemption from the merchant discount rate (MDR) on UPI transactions on fuel sales at petrol pumps.

Foundation of semiconductor industry laid in India, now is the time to grow: Ashwini Vaishnaw

IANS | September 17, 2026 2:58 PM

New Delhi, Sep 17 (IANS) Union Minister for Electronics and IT, Ashwini Vaishnaw, said on Thursday that the foundation of the semiconductor industry has been laid in India, and now the industry needs to grow further.

PM Modi taught India to think big, transformed business climate: Industry

IANS | September 17, 2026 2:40 PM

New Delhi, Sep 17 (IANS) As Prime Minister Narendra Modi turned 76 and completed 25 years in public service, industry leaders on Thursday said he has taught the country to think big and transformed the business environment through landmark reforms such as the Goods and Services Tax (GST) and infrastructure development.

PM Modi urges young talent to actively participate in developing advanced tech

IANS | September 17, 2026 2:25 PM

New Delhi, Sep 17 (IANS) Highlighting the strategic advantage of India's demographic dividend, Prime Minister Narendra Modi on Thursday hailed the vast pool of engineering talent and the extensive skilling initiatives specifically tailored for chip designing.

UPI MDR changes must balance security and rising costs: CII President

IANS | September 17, 2026 2:13 PM

New Delhi, Sep 17 (IANS) The recent changes related to the Merchant Discount Rate (MDR) on UPI transactions need to balance the objective of maintaining secure digital payments with the increased capital expenditure required to support the system, CII President R Mukundan said on Thursday.