Indian firms in Dubai increase rapidly to 85,841 by June-end: Dubai chambers President

IANS | August 28, 2026 5:52 PM

New Delhi, Aug 28 (IANS) The number of Indian companies registered as active members of Dubai Chamber reached 85,841 by the end of June 2026 after 7,579 new Indian firms joined in the first half of the year, marking a year‑on‑year increase of 15 per cent, Dubai Chambers President Mohammad Ali Rashed Lootah said here, according to a new report.

India’s forex reserves hit record $729.3 billion on strong dollar inflows

IANS | August 28, 2026 5:46 PM

New Delhi, Aug 28 (IANS) India’s foreign exchange reserves surged to a record high of $729.3 billion in the week ended August 21, providing the Reserve Bank of India (RBI) with greater firepower to manage pressure on the rupee amid elevated oil prices and global economic uncertainties.

Ex-mill sugar prices fall 20 per cent, retail prices too start declining: Govt

IANS | August 28, 2026 3:56 PM

New Delhi, Aug 28 (IANS) Ex-mill sugar prices in India have declined by around 20 per cent, while retail sugar prices have also started coming down, and given the normal transmission of changes through the supply chain, retail prices are expected to follow the downward movement in prices shortly, the Ministry of Consumer Affairs, Food & Public Distribution said on Friday.

Centre invites applications for Rs 5,000 crore PRIP Scheme to boost pharma, MedTech innovation

IANS | August 28, 2026 3:42 PM

New Delhi, Aug 28 (IANS) The Centre's Department of Pharmaceuticals has announced the second call for applications under the Rs 5,000 crore Promotion of Research and Innovation in Pharma & MedTech (PRIP) Scheme, launched to strengthen India's pharma and medtech research and development ecosystem across startups, MSMEs, and large companies, according to an official statement issued on Friday.

Defence sector reforms aim to boost India’s military hardware exports

IANS | August 28, 2026 3:33 PM

New Delhi, Aug 28 (IANS) The Department of Defence Production has undertaken a comprehensive set of reforms to simplify the Defence Export Standard Operating Procedure (SOP) and the Open General Export Licence (OGEL) framework with the aim of making India a reliable, competitive and trusted global defence manufacturing and export partner, according to a statement issued by the Ministry of Defence on Friday.

China’s debt crisis is fallout of financial suppression of households

IANS | August 28, 2026 2:13 PM

New Delhi, Aug 28 (IANS) China’s debt has surged over the past ten to fifteen years at perhaps the fastest pace in history, leaving China with one of the highest debt-to-GDP ratios in the world—second only to Japan among the major economies. Such sharp increases in debt make further growth unsustainable, according to an article published by the Carnegie Endowment for International Peace.

Union Ministers join Substack in a pivot to better public communication

IANS | August 28, 2026 11:24 AM

New Delhi, Aug 28 (IANS) Union Ministers are increasingly turning to independent digital publishing platforms such as Substack to communicate directly with citizens, industry and policy stakeholders, offering longer-form perspectives on government initiatives beyond conventional press releases and social media posts.