Business News: Economy & Markets

Adani tells US judge to dismiss SEC fraud suit against him as case 'legally flawed'

IANS | April 7, 2026 11:03 PM

New York, April 7 (IANS) In a key development, Gautam Adani, the Adani Group Chairman, and his nephew Sagar Adani have asked a court in the US to dismiss a lawsuit brought by the Securities and Exchange Commission (SEC) against them. They argued though their lawyers that the case falls outside the US jurisdiction and fails to establish any wrongdoing.

Govt allows Gulf airlines to carry cargo in passenger planes to keep supply chains going

IANS | April 7, 2026 8:52 PM

New Delhi, April 7 (IANS) The government has granted special permission to foreign carriers such as Emirates, Kuwait Airways, and Jazeera Airways to operate passenger aircraft for all-cargo services to ensure seamless continuity of critical cargo movement despite the ongoing disruptions due to the Iran war, according to a statement issued by the Ministry of Civil Aviation on Tuesday.

Rate cut unlikely as inflation risks persist, geopolitical crisis hits industry: Anant Goenka

IANS | April 7, 2026 7:38 PM

New Delhi, April 7 (IANS) A rate cut in this environment will be fairly difficult because of inflation pressures, so the RBI may stay at current rate levels, Anant Goenka, President of FICCI, said on Tuesday.

RBI likely to hold rates, inflation could rise to 4.5–4.8 pc: Report

IANS | April 7, 2026 7:11 PM

New Delhi, April 7 (IANS) India's headline CPI could rise to between 4.5 and 4.8 per cent from a base case of about 4 per cent, and RBI's April policy is likely to keep rate changes on hold in a cautious tone, a report said on Tuesday.

Illicit cigarette trade drains Pakistan’s revenue by Rs 300 bn: Report

IANS | April 7, 2026 6:57 PM

New Delhi, April 7 (IANS) Large-scale tax evasion in Pakistan's tobacco sector, resulting in estimated annual losses of over Rs 300 billion, has emerged as a major concern amid the country's worsening fiscal stress, according to a local media report.

FMCG firms should consolidate portfolios, diversify supply chains to counter global risks: Report

IANS | April 7, 2026 6:53 PM

New Delhi, April 7 (IANS) FMCG companies should adopt contingency‑led supply‑chain planning, portfolio consolidation and revenue growth management to counter risks to India’s consumer products and retail industry from the US–Iran war, a report said on Tuesday.

Attainment of criticality at Prototype Fast Breeder Reactor reflects India’s indigenous strength

IANS | April 7, 2026 6:13 PM

New Delhi, April 7 (IANS) The attainment of criticality at the Prototype Fast Breeder Reactor (PFBR) marks more than a technological milestone; it reflects the maturity of India’s long standing nuclear vision and the strength of its indigenous capabilities, an official statement said on Tuesday.

Pre-bid conference for Rs 7,280-crore rare earth manufacturing scheme conducted, 25 firms join

IANS | April 7, 2026 5:13 PM

New Delhi, April 7 (IANS) The Ministry of Heavy Industries (MHI) on Tuesday organised a pre-bid conference here for prospective bidders under the 'Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets' (REPM), drawing participation from at least 25 companies.

Nepal follows India, cuts taxes on petroleum products to ease consumer burden

IANS | April 7, 2026 5:03 PM

Kathmandu, April 7 (IANS) The new government in Nepal on Tuesday decided to provide partial tax exemptions on petroleum products in a move to ease the financial burden on consumers, mirroring a similar decision by the Indian government.

Bank of Baroda rolls out multilingual AI platform ‘bob SAMVAD’ across 22 languages

IANS | April 7, 2026 4:42 PM

New Delhi, April 7 (IANS) Bank of Baroda on Tuesday rolled out ‘bob SAMVAD’ -- an AI-powered multilingual conversational platform developed by the bank to enhance in-branch customer interactions.

business

Adani tells US judge to dismiss SEC fraud suit against him as case 'legally flawed'

Govt allows Gulf airlines to carry cargo in passenger planes to keep supply chains going

Rate cut unlikely as inflation risks persist, geopolitical crisis hits industry: Anant Goenka

RBI likely to hold rates, inflation could rise to 4.5–4.8 pc: Report

Illicit cigarette trade drains Pakistan’s revenue by Rs 300 bn: Report

FMCG firms should consolidate portfolios, diversify supply chains to counter global risks: Report

Attainment of criticality at Prototype Fast Breeder Reactor reflects India’s indigenous strength

Pre-bid conference for Rs 7,280-crore rare earth manufacturing scheme conducted, 25 firms join

Nepal follows India, cuts taxes on petroleum products to ease consumer burden

Bank of Baroda rolls out multilingual AI platform ‘bob SAMVAD’ across 22 languages

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