Business News: Economy & Markets

GCCs have evolved into high-value innovation hubs, will play key role in Viksit Bharat: Labour Ministry official

IANS | July 9, 2026 2:09 PM

New Delhi, July 9 (IANS) Global capability centres (GCCs) have transformed from back-office support units into hubs for research, design and innovation, making them a key pillar of India's economy and an important contributor to the vision of Viksit Bharat, Ajoy Sharma, Additional Secretary and Director General (Employment), Ministry of Labour and Employment said on Thursday.

EU needs to deliver as India steps up pace to roll out free trade pact: Report

IANS | July 9, 2026 1:50 PM

New Delhi, July 9 (IANS) India, the world’s fastest growing economy, has gained increasing importance among Western countries amid the drastic changes in the global landscape triggered by Donald Trump taking over as US President, China’s increasing alienation and the continuing Ukraine-Russia war, according to a new report.

India is well-positioned to withstand global uncertainty despite rising crude oil prices: WTC Chairman Vijay Kalantri

IANS | July 9, 2026 1:41 PM

New Delhi, July 9 (IANS) India has the resilience to deal with the economic impact of rising crude oil prices and ongoing geopolitical tensions in the Middle East, and there is no need for panic despite the prevailing global uncertainty, Vijay Kalantri, World Trade Center Chairman said on Thursday.

Minister Hardeep Puri rejects claims against E20 fuel, calls it scientifically tested

IANS | July 9, 2026 1:33 PM

New Delhi, July 9 (IANS) Union Petroleum and Natural Gas Minister Hardeep Singh Puri has rejected criticism of ethanol-blended fuel, asserting that E20 petrol is scientifically tested, safe for vehicles and central to India's push for energy self-reliance, while alleging that a misinformation campaign had intensified after the rollout of E85-compatible vehicles.

China tech firms reduce workforce by 1.3 lakh amid AI transition

IANS | July 9, 2026 12:51 PM

New Delhi, July 9 (IANS) China's major technology companies have trimmed nearly 1.3 lakh jobs over the past year as rapid adoption of artificial intelligence (AI) and corporate restructuring reshape the sector, with a new report criticising the Chinese Communist Party (CPC) for remaining silent over the large-scale workforce disruption.

India to remain among fastest-growing major economies with 6.6 pc FY27 growth: Report

IANS | July 9, 2026 12:32 PM

New Delhi, July 9 (IANS) India's economy is projected to grow 6.6 per cent in FY27, with the country expected to remain among the world's fastest-growing major economies despite global headwinds, supported by policy measures and strong services exports, a report has said.

India, Australia launch PACTS to boost cyber, critical technology cooperation

IANS | July 9, 2026 11:56 AM

New Delhi, July 9 (IANS) India and Australia on Thursday announced a Partnership on Cyber, Critical Technologies and Supply Chains (PACTS) to deepen cooperation in these sectors and strengthen supply chain resilience by building on the 2020 Framework Arrangement on Cyber and Cyber Enabled Critical Technology Cooperation.

India, Australia sign energy security agreement, pave way for uranium trade

IANS | July 9, 2026 11:34 AM

Melbourne, July 9 (IANS) India and Australia on Thursday finalised the administrative arrangements required to enable the export of Australian uranium to India for exclusively peaceful purposes, with Prime Minister Narendra Modi saying the landmark agreement would strengthen India's clean energy ambitions and further deepen bilateral cooperation in the energy sector.

Australian leaders hail PM Modi's visit, back deeper partnership with India

IANS | July 9, 2026 11:16 AM

Melbourne, July 9 (IANS) Prime Minister Narendra Modi's visit to Australia will further deepen the strategic and economic partnership between the two countries, former Australian Prime Minister Scott Morrison and leading Australian business executives said on Thursday.

PM Modi understands business, long-term investing: AustralianSuper CEO

IANS | July 9, 2026 10:15 AM

Melbourne, July 9 (IANS) Prime Minister Narendra Modi's long-term vision for India's economic growth and his understanding of business and investing have reinforced investor confidence in the country, AustralianSuper Chief Executive Officer (CEO) Paul Schroder said on Thursday.

business

GCCs have evolved into high-value innovation hubs, will play key role in Viksit Bharat: Labour Ministry official

EU needs to deliver as India steps up pace to roll out free trade pact: Report

India is well-positioned to withstand global uncertainty despite rising crude oil prices: WTC Chairman Vijay Kalantri

Minister Hardeep Puri rejects claims against E20 fuel, calls it scientifically tested

China tech firms reduce workforce by 1.3 lakh amid AI transition

India to remain among fastest-growing major economies with 6.6 pc FY27 growth: Report

India, Australia launch PACTS to boost cyber, critical technology cooperation

India, Australia sign energy security agreement, pave way for uranium trade

Australian leaders hail PM Modi's visit, back deeper partnership with India

PM Modi understands business, long-term investing: AustralianSuper CEO

LATEST NEWS

Naseeruddin Shah condemns crackdown on protestors at Jantar Mantar

Anurag Kashyap says Gen Alpha is ready to vote, and is asking questions

India's Ambassador presents credentials to Poland’s President in traditional ceremony

Malaga re-sign midfielder Dotor on loan from Celta Vigo

NEET row: Dharmendra Pradhan slams Rahul Gandhi for ‘exploiting’ students

Stokes returns to 50-over action with gritty century in Durham's win

Trump, Aoun push peace roadmap for Lebanon

India, Cyprus discuss strengthening bilateral maritime cooperation

I play according to the situation, says Tilak Varma in response to slow strike-rate claims

Nepal's private hydropower developers back deeper power trade with India