Business News: Economy & Markets

Dharavi redevelopment to match int'l standards prioritising citizens' welfare: CM Fadnavis

IANS | June 8, 2026 9:31 PM

Mumbai, June 8 (IANS) Maharashtra Chief Minister Devendra Fadnavis on Monday directed officials to redevelop Dharavi on the lines of modern housing projects in Singapore and Hong Kong. However, he emphasised that the residents, their livelihoods and the local identity of Dharavi must remain at the centre of this transformation, while ensuring that the project is completed within the stipulated timeline.

Govt cuts subsidised LPG refills under Ujjwala Yojana to 4 annually amid rising global prices

IANS | June 8, 2026 8:56 PM

New Delhi, June 8 (IANS) The government on Monday announced that it has reduced the number of subsidised LPG cylinder refills under the Pradhan Mantri Ujjwala Yojana (PMUY) from nine per year to four, in a move aimed at containing rising subsidy costs amid higher global fuel prices and widening under-recoveries for oil marketing companies.

European Union develops new trade tools to curb China reliance: Report

IANS | June 8, 2026 6:53 PM

New Delhi, June 8 (IANS) The European Union's trade commissioner Maros Sefcovic said the bloc is developing new trade instruments to reduce its dependence on China, a new report has said.

Govt confirms fire incident on vessel south of Hormuz, all crew members safe

IANS | June 8, 2026 6:04 PM

New Delhi, June 8 (IANS) The government on Monday confirmed a fire incident aboard MT Marivex, a vessel carrying 24 Indian seafarers south of the Strait of Hormuz, adding that all crew members are safe.

Pakistan lacks internal fiscal discipline, relies on IMF control: Report

IANS | June 8, 2026 5:08 PM

New Delhi, June 8 (IANS) Pakistan’s fiscal system continues to reflect deep structural weaknesses and elite-driven policymaking, with the International Monetary Fund (IMF) emerging as one of the few external constraints on unchecked government spending, a report has said.

Virginia targets Indian tourists as second‑largest international source market: Report

IANS | June 8, 2026 5:07 PM

New Delhi, June 8 (IANS) Virginia Tourism Corporation is stepping up engagement with India’s travel trade to boost overnight stays and visitor spending after India became the US state’s second‑largest international source market and its largest overseas market, a new report has said.

RBI’s FCNR-B deposit push may attract long-term forex inflows: Report

IANS | June 8, 2026 4:39 PM

New Delhi, June 8 (IANS) The Reserve Bank of India’s decision to reinvigorate Foreign Currency Non-Resident (Bank) or FCNR-B deposits could pave the way for fresh long-term foreign exchange inflows, according to a report.

Vedanta's copper project IPO in US faces red flag over financial viability risk

IANS | June 8, 2026 4:39 PM

New Delhi, June 8 (IANS) Vedanta Resources has run into a credibility test in the US listing of its copper business, with auditors flagging concerns over the financial viability of its main asset, which has been piling up losses, according to a regulatory filing.

India emerges as leading global clean industrial project hub with $433 billion pipeline

IANS | June 8, 2026 3:48 PM

New Delhi, June 8 (IANS) India’s clean industrial investment pipeline has reached an estimated $433.07 billion, with the country emerging as the world’s third-largest hub for clean industrial projects, a report said on Monday.

Apple likely to showcase AI push, enhanced Siri at WWDC 2026

IANS | June 8, 2026 2:59 PM

New Delhi, June 8 (IANS) US-based technology giant Apple is expected to unveil a series of artificial intelligence (AI)-focused updates and new software capabilities as its annual Worldwide Developers Conference (WWDC) begins on Monday, according to multiple reports.

business

Dharavi redevelopment to match int'l standards prioritising citizens' welfare: CM Fadnavis

Govt cuts subsidised LPG refills under Ujjwala Yojana to 4 annually amid rising global prices

European Union develops new trade tools to curb China reliance: Report

Govt confirms fire incident on vessel south of Hormuz, all crew members safe

Pakistan lacks internal fiscal discipline, relies on IMF control: Report

Virginia targets Indian tourists as second‑largest international source market: Report

RBI’s FCNR-B deposit push may attract long-term forex inflows: Report

Vedanta's copper project IPO in US faces red flag over financial viability risk

India emerges as leading global clean industrial project hub with $433 billion pipeline

Apple likely to showcase AI push, enhanced Siri at WWDC 2026

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