Business News: Economy & Markets

India’s IT services sector growth to remain muted in 2 fiscals over AI disruptions, weak spends

IANS | July 16, 2026 1:31 PM

New Delhi, July 16 (IANS) Information technology (IT) services sector revenue growth in India is set to stay muted this fiscal (FY27) and the next (FY28), as artificial intelligence (AI)-driven disruptions, weak discretionary spending and continuing geopolitical uncertainties deepen a four-year slowdown, a report showed on Thursday.

How India's first hydrogen-powered train will generate its own power and carry 2,600 passengers

IANS | July 16, 2026 1:28 PM

New Delhi, July 16 (IANS) India is set to enter the hydrogen-powered rail era as Prime Minister Narendra Modi inaugurates the country's first hydrogen fuel cell-powered trainset on Friday.

Half‑year equity inflows in India's real estate hit record $8.5 billion

IANS | July 16, 2026 1:19 PM

New Delhi, July 16 (IANS) India's real estate sector recorded equity capital inflows of $8.5 billion in the first half of 2026 -- the highest half-yearly figure on record -- marking 32 per cent year-over-year surge, a report said on Thursday.

Semicon 2.0, MPMS could create over 3.6 lakh jobs: Industry

IANS | July 16, 2026 1:10 PM

New Delhi, July 16 (IANS) Recent Cabinet approvals for the Semicon 2.0 and the Mobile Phone Manufacturing Scheme (MPMS) mark a shift from assembly‑led growth to building a full semiconductor value chain and could collectively create over 3.6 lakh jobs, industry bodies have said.

Jharkhand scrap dealer arrested in Rs 100 crore fake GST billing case

IANS | July 16, 2026 1:10 PM

Jamshedpur, July 16 (IANS) The Directorate General of GST Intelligence (DGGI) has arrested a scrap trader, Ajay Sharma, based in Jamshedpur, in connection with an alleged GST fraud involving fake invoicing worth nearly Rs 100 crore, officials said on Thursday.

SEBI clears over 5,000 investor complaints through 'SCORES' in June

IANS | July 16, 2026 12:31 PM

Mumbai, July 16 (IANS) The Securities and Exchange Board of India (SEBI) resolved more than 5,000 investor complaints through its online grievance redressal platform 'SCORES' in June, while the number of pending complaints declined marginally during the month, according to data released by the capital markets regulator.

ICICI Lombard shares plunge 15 pc as Q1 profit declines 46 pc

IANS | July 16, 2026 11:52 AM

New Delhi, July 16 (IANS) Shares of ICICI Lombard General Insurance tumbled nearly 15 per cent on Thursday in morning session after the company's June quarter earnings missed market expectations, with profit hit by higher claims and additional reserve provisions.

ICMR drone project reduces TB diagnosis time, eases patient burden

IANS | July 16, 2026 11:46 AM

New Delhi, July 16 (IANS) The Indian Council of Medical Research’s flagship i-DRONE initiative demonstrated that drone‑assisted transport of TB sputum samples improved access to diagnostic services for people living in remote and underserved areas in the Yadadri‑Bhuvanagiri district, Telangana, the government said on Thursday.

Indian equities outlook improves as oil prices ease, Sensex seen at 84,000: Report

IANS | July 16, 2026 11:05 AM

Mumbai, July 16 (IANS) The domestic equity market outlook has improved as easing crude oil prices, resilient domestic consumption, and moderating earnings risks strengthen the investment case, with the benchmark Sensex likely to touch 84,000 by the end of 2026, according to a report.

DGMA directs shipping firms to avoid deploying Indian seafarers via Strait of Hormuz

IANS | July 16, 2026 10:29 AM

New Delhi, July 16 (IANS) The Directorate General of Maritime Administration (DGMA) has directed ship owners, ship managers and Recruitment and Placement Service Licence (RPSL) companies to avoid deploying Indian seafarers on vessels undertaking voyages through the Strait of Hormuz until further orders, citing the heightened security situation in the Gulf region.

business

India’s IT services sector growth to remain muted in 2 fiscals over AI disruptions, weak spends

How India's first hydrogen-powered train will generate its own power and carry 2,600 passengers

Half‑year equity inflows in India's real estate hit record $8.5 billion

Semicon 2.0, MPMS could create over 3.6 lakh jobs: Industry

Jharkhand scrap dealer arrested in Rs 100 crore fake GST billing case

SEBI clears over 5,000 investor complaints through 'SCORES' in June

ICICI Lombard shares plunge 15 pc as Q1 profit declines 46 pc

ICMR drone project reduces TB diagnosis time, eases patient burden

Indian equities outlook improves as oil prices ease, Sensex seen at 84,000: Report

DGMA directs shipping firms to avoid deploying Indian seafarers via Strait of Hormuz

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