Business News: Economy & Markets

India’s next space growth phase will be driven by downstream applications, private players: Experts

IANS | August 23, 2026 2:54 PM

New Delhi, Aug 23 (IANS) As India commemorates National Space Day on August 23, experts from the country’s space industry on Sunday said the next phase of India’s space journey will be driven not only by launch and satellite capabilities but also by the rapid expansion of downstream applications, private participation and satellite-based services.

Piyush Goyal leads 200-member Indian business delegation to Japan

IANS | August 23, 2026 1:56 PM

New Delhi, Aug 23 (IANS) Union Minister for Commerce and Industry Piyush Goyal, will visit Japan from 24 to 27 August 2026, travelling to Tokyo, Nagoya and Osaka, leading India’s largest-ever business delegation to Japan, comprising more than 200 business representatives and spanning sectors ranging from manufacturing, semiconductors, clean energy and steel to automotive, financial services, healthcare and start-ups, according to an official statement issued on Sunday.

FSSAI cracks down on food safety violations, suspends Delhi retailer's licence and bans Daman ghee products

IANS | August 23, 2026 1:08 PM

New Delhi, Aug 23 (IANS) The Food Safety and Standards Authority of India (FSSAI) on Sunday said that it has taken strict regulatory action against two food businesses in Delhi and Daman after inspections uncovered serious food safety violations and instances of non-compliance.

US-India trade deal almost finalised in principle: US envoy Sergio Gor

IANS | August 23, 2026 12:40 PM

New Delhi, Aug 23 (IANS) The proposed US-India trade agreement is almost finalised in principle, with the two sides now working to settle the remaining legal and technical language, according to US Ambassador to India Sergio Gor.

Gaganyaan to Venus mission, India gears up for next space exploration phase

IANS | August 23, 2026 11:31 AM

New Delhi, Aug 23 (IANS) The next space exploration phase will deepen India’s role in human spaceflight, planetary exploration and advanced space technology as these efforts will support India’s ambition to become a leading global space power, according to the government.

S. Koreans turn to healthy lifestyles as alcohol output falls to 27-year low

IANS | August 23, 2026 10:37 AM

Seoul, Aug 23 (IANS) South Korea's alcoholic beverage production plunged to below 3 million kiloliters (kl) for the first time in 27 years in 2025, data showed on Sunday, signalling a structural decline in the industry with more South Koreans turning to healthy lifestyles.

India’s space economy projected to reach $40-45 billion over next decade

IANS | August 23, 2026 9:52 AM

New Delhi, Aug 23 (IANS) India’s space economy has reached $9 billion and is projected to reach $40–45 billion over the next decade, driven by a robust startup ecosystem and policy reforms, according to latest government data.

Foreign investors’ buying continues amid strong GDP, earnings growth

IANS | August 23, 2026 9:41 AM

New Delhi, Aug 23 (IANS) Foreign portfolio investors (FPIs) are likely to sustain the buying trend amid India’s improving GDP growth and earnings growth perspective, according to analysts.

Top pharma firms in S. Korea spend over $72.13 million each in H1 for R&D

IANS | August 23, 2026 9:24 AM

Seoul, Aug 23 (IANS) South Korea's major pharmaceutical companies spent around 100 billion won ($72.13 million) each in the first half for the research and development (R&D) of new drugs, data showed on Sunday, in an apparent bid to secure future growth engines.

Indian Railways emerges as world’s second-largest freight carrier; bulk cargo, electrification among key factors

IANS | August 22, 2026 9:07 PM

New Delhi, Aug 22 (IANS) Indian Railways has strengthened its position as the world's second-largest cargo carrier due to an expansive rail network, dedicated freight corridors, policy support and growing emphasis on cost-efficient and sustainable logistics.

business

India’s next space growth phase will be driven by downstream applications, private players: Experts

Piyush Goyal leads 200-member Indian business delegation to Japan

FSSAI cracks down on food safety violations, suspends Delhi retailer's licence and bans Daman ghee products

US-India trade deal almost finalised in principle: US envoy Sergio Gor

Gaganyaan to Venus mission, India gears up for next space exploration phase

S. Koreans turn to healthy lifestyles as alcohol output falls to 27-year low

India’s space economy projected to reach $40-45 billion over next decade

Foreign investors’ buying continues amid strong GDP, earnings growth

Top pharma firms in S. Korea spend over $72.13 million each in H1 for R&D

Indian Railways emerges as world’s second-largest freight carrier; bulk cargo, electrification among key factors

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