Business News: Economy & Markets

ArcelorMittal Nippon Steel India inaugurates indigenous auto steel line to boost 'Make in India'

IANS | April 30, 2026 3:24 PM

New Delhi, April 30 (IANS) India’s steel capacity got a major lift as leading integrated steel producer ArcelorMittal Nippon Steel India (AM/NS India) on Thursday inaugurated a state-of-the-art automotive steel production line at its Gujarat plant, in a move to strengthen domestic manufacturing and advance the ‘Atmanirbhar Bharat’ initiative.

IDBI Bank clocks 5 pc drop in Q4 profit, NII jumps

IANS | April 30, 2026 3:24 PM

Mumbai, April 30 (IANS) IDBI Bank on Thursday reported a 5 per cent decline on its net profit for the fourth quarter ended March 31 (Q4 FY26) to Rs 1,943 crore.

Adani Ports’ net profit rises 16 pc in FY26, revenue surges 25 pc

IANS | April 30, 2026 2:42 PM

Mumbai, April 30 (IANS) Adani Ports and Special Economic Zone Limited (APSEZ) on Thursday reported a strong financial performance for FY26, with net profit increasing 16 per cent year-on-year (YoY) to Rs 12,782 crore.

UAE left OPEC due to low size of oil quota: Ex-envoy Navdeep Suri

IANS | April 30, 2026 2:39 PM

New Delhi, April 30 (IANS) The UAE had been thinking of leaving the Organisation of Petroleum Exporting Countries (OPEC) cartel for the last five years as the oil quota allotted to the country by the Saudi Arabia-dominated group was not considered sufficient, according to Navdeep Singh Suri, India’s former Ambassador to the United Arab Emirates and Egypt.

India’s residential sales rise 8 pc in Q1 as launches surge 13 pc

IANS | April 30, 2026 2:35 PM

New Delhi, April 30 (IANS) India’s residential market recorded 70,631 sales in Q1 2026, up 8 per cent year‑on‑year, primarily driven by new launches of 90,023 units, up 13 per cent, a report said on Thursday.

Ashwini Vaishnaw flags off Vande Bharat Express train service from Jammu to Srinagar

IANS | April 30, 2026 1:59 PM

Jammu, April 30 (IANS) Union Railway Minister Ashwini Vaishnaw on Thursday flagged off the direct 20-coach Vande Bharat Express train service between Jammu and Srinagar.

Gold, silver rise up to 2 pc amid crude oil surge, West Asia tensions

IANS | April 30, 2026 1:46 PM

Mumbai, April 30 (IANS) Gold and silver prices rose on Thursday amid surging crude oil prices driven by the West Asia conflict, gaining up to about 2 per cent.

Centre enters new fiscal from position of relative prudence despite global headwinds: Finmin report

IANS | April 30, 2026 1:42 PM

New Delhi, April 30 (IANS) While the West Asia conflict constitutes a significant supply shock, India’s domestic demand, policy buffers, resilient financial system, and sustained public investment provide some insulation, according to the Finance Ministry’s monthly economic review for April.

India's logistics cost to drop to 9 pc over robust road infra: Nitin Gadkari

IANS | April 30, 2026 1:22 PM

New Delhi, April 30 (IANS) Union Minister of Road Transport and Highways, Nitin Gadkari has said that India's logistics cost will drop to 9 per cent at the current robust pace of road infrastructure development.

PhonePe surpasses 700 million registered users, accelerates growth momentum

IANS | April 30, 2026 1:15 PM

New Delhi, April 30 (IANS) PhonePe on Thursday announced that it has crossed the milestone of 700 million (70 crores) life-till-date registered users on its platform as on April 29, 2026.

business

ArcelorMittal Nippon Steel India inaugurates indigenous auto steel line to boost 'Make in India'

IDBI Bank clocks 5 pc drop in Q4 profit, NII jumps

Adani Ports’ net profit rises 16 pc in FY26, revenue surges 25 pc

UAE left OPEC due to low size of oil quota: Ex-envoy Navdeep Suri

India’s residential sales rise 8 pc in Q1 as launches surge 13 pc

Ashwini Vaishnaw flags off Vande Bharat Express train service from Jammu to Srinagar

Gold, silver rise up to 2 pc amid crude oil surge, West Asia tensions

Centre enters new fiscal from position of relative prudence despite global headwinds: Finmin report

India's logistics cost to drop to 9 pc over robust road infra: Nitin Gadkari

PhonePe surpasses 700 million registered users, accelerates growth momentum

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