Business News: Economy & Markets

China’s strategy of extending geopolitical clout runs into hurdle in Latin America: Report

IANS | June 5, 2026 3:32 PM

New Delhi, June 5 (IANS) China strategy of taking up economic projects such as the Belt and Road Initiative (BRI) in developing countries with the objective of extending its geopolitical clout across regions appears to have run into a hurdle when it comes to spreading its influence to Latin America, according to an article in The Diplomat.

Oil India strikes natural gas in Andaman offshore block, confirms hydrocarbon presence in 3rd exploratory well

IANS | June 5, 2026 3:31 PM

New Delhi, June 5 (IANS) State-owned Maharatna company Oil India Limited on Friday announced a fresh discovery of natural gas in its third exploratory well in the Andaman shallow offshore block, marking another significant indication of hydrocarbon presence in the region.

RBI’s rate pause will keep long-term growth prospects intact: Economists

IANS | June 5, 2026 3:03 PM

New Delhi, June 5 (IANS) The Reserve Bank of India's (RBI) decision to keep policy repo rate unchanged focuses on preserving financial stability and will keep growth prospects intact in the long term, economists and industry leaders said on Friday.

China tightens control over angry gig economy workers seeking better deal: Report

IANS | June 5, 2026 2:37 PM

New Delhi, June 5 (IANS) China’s leadership is moving to tighten oversight of the country’s vast and rapidly expanding gig economy workforce, that has become both economically essential and politically sensitive for the ruling Communist Party, according to a report in the PML Daily.

UN warns AI could double electricity use by 2030, deplete water level

IANS | June 5, 2026 2:20 PM

New Delhi, June 5 (IANS) Contrary to popular beliefs, artificial intelligence could double its electricity consumption by 2030 to about 3 per cent of the world’s power use and produce greenhouse gas emissions equivalent to the United Kingdom, a report has said.

Pakistan faces funds crunch as Govt fails to roll out tax reforms: Report

IANS | June 5, 2026 2:13 PM

New Delhi, June 5 (IANS) Pakistan’s failure to carry out tax reforms has left its tax base narrowing over the years, resulting in shrinking revenues for the government to implement welfare schemes for the poor. As the country prepares for a new budget for FY27, there is little hope that things will improve, going by the past track record, according to local media reports.

AirTrunk's Rs 3 lakh crore investment to strengthen India’s cloud, AI leadership: PM Modi

IANS | June 5, 2026 1:38 PM

New Delhi, June 5 (IANS) Australian data centre firm AirTrunk's Rs 3 lakh crore investment will strengthen India’s position as a global hub for cloud computing and AI, while generating employment opportunities, supporting local supply chains and accelerating innovation-led growth, Prime Minister Narendra Modi said on Friday.

India’s agriculture GVA more than doubles to Rs 48.7 lakh crore in a decade

IANS | June 5, 2026 1:14 PM

New Delhi, June 5 (IANS) The agriculture and allied sector’s gross value added rose from Rs 20.9 lakh crore in 2014‑15 to Rs 48.7 lakh crore in 2023‑2024, accounting for about 18 per cent of total GVA, supported by sustained policy focus and increased public investment, an official statement said on Friday.

Rupee gains 50 paise against dollar after RBI relaxes investment norms

IANS | June 5, 2026 12:33 PM

New Delhi, June 5 (IANS) The Indian rupee appreciated sharply against the US dollar on Friday after the Reserve Bank of India eased investment norms for foreign portfolio investors (FPIs) and announced measures aimed at improving capital flows, boosting investor sentiment.

India, Venezuela discuss deeper energy ties amid crude supply concerns

IANS | June 5, 2026 12:17 PM

New Delhi, June 5 (IANS) Union Minister for Petroleum and Natural Gas Hardeep Singh Puri met Acting President of Venezuela Delcy Eloína Rodríguez Gómez here to discuss opportunities for an enduring energy partnership, an official statement said on Friday.

business

China’s strategy of extending geopolitical clout runs into hurdle in Latin America: Report

Oil India strikes natural gas in Andaman offshore block, confirms hydrocarbon presence in 3rd exploratory well

RBI’s rate pause will keep long-term growth prospects intact: Economists

China tightens control over angry gig economy workers seeking better deal: Report

UN warns AI could double electricity use by 2030, deplete water level

Pakistan faces funds crunch as Govt fails to roll out tax reforms: Report

AirTrunk's Rs 3 lakh crore investment to strengthen India’s cloud, AI leadership: PM Modi

India’s agriculture GVA more than doubles to Rs 48.7 lakh crore in a decade

Rupee gains 50 paise against dollar after RBI relaxes investment norms

India, Venezuela discuss deeper energy ties amid crude supply concerns

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