Business News: Economy & Markets

China’s leadership ignoring domestic consumers in pursuit of big projects: Report

IANS | August 12, 2026 5:29 PM

New Delhi, Aug 12 (IANS) China’s leadership is continuing with its thrust on developing its “AI plus” initiative, pushing for breakthroughs in frontier technology, building new pillar industries in pursuit of national power while ignoring its weak consumer demand at home, which enables the country to export goods at cheap prices and pile up a trade surplus, according to an article in Foreign Policy magazine.

South Korea, India vow closer ties in customs affairs

IANS | August 12, 2026 5:10 PM

Seoul, Aug 12 (IANS) The South Korean customs agency said on Wednesday it has agreed with its Indian counterpart to bolster cooperation in customs affairs and facilitate smoother trade between the two countries.

Pakistan records world's highest stillbirth burden, neonatal mortality rate: Report

IANS | August 12, 2026 4:59 PM

New Delhi, Aug 12 (IANS) Pakistan has recorded about 700,000 stillbirths annually, the highest number globally, while 42 out of every 1,000 babies die within their first month of life, giving the country the world's highest neonatal mortality rate, according to a report.

Manufacturing GVA grows at 10.88 pc during FY23-FY26 as per revised series: Govt

IANS | August 12, 2026 4:55 PM

New Delhi, Aug 12 (IANS) The government on Wednesday said the compounded annual growth rate (CAGR) of manufacturing GVA at constant prices as per the revised series during 2022-23 to 2025-26 is 10.88 per cent.

India's retail inflation edges up to 4.45 per cent in July

IANS | August 12, 2026 4:45 PM

New Delhi, Aug 12 (IANS) India's retail inflation, based on the new Consumer Price Index (CPI) series, edged up to 4.45 per cent in July, compared to the same month of the previous year, according to data released by the Ministry of Statistics on Wednesday.

Indian NBFC fintech loan book grows 21.2 pc in June as higher‑ticket lending gains traction: Report

IANS | August 12, 2026 4:35 PM

New Delhi, Aug 12 (IANS) Indian non-banking financial company fintechs saw their portfolio outstanding expand 21.2 per cent year‑on‑year as of June 2026, driven by stronger underwriting and a shift toward higher‑ticket credit, a report said on Wednesday.

Milky Mist IPO: Temasek-backed firm flags Rs 229 crore contingent liabilities, milk-sourcing reliance, other key risks in RHP

IANS | August 12, 2026 4:12 PM

New Delhi, Aug 12 (IANS) Temasek-backed dairy products maker Milky Mist Dairy Food Ltd has warned that its heavy dependence on milk procurement from Tamil Nadu, concentration of sales in South India and reliance on a handful of product categories are among the key risks to its business, according to its red herring prospectus (RHP) filed for its initial public offering.

India, Iran central bank chiefs hold talks on closer banking ties

IANS | August 12, 2026 3:52 PM

Jaipur, Aug 12 (IANS) Central Bank of Iran Governor Dr Abdolnaser Hemmati met Reserve Bank of India (RBI) Governor Sanjay Malhotra on the sidelines of the BRICS Summit here on Wednesday.

BRICS discuss linking CBDCs and fast payment systems: RBI Governor Malhotra

IANS | August 12, 2026 3:52 PM

New Delhi, Aug 12 (IANS) BRICS nations are exploring potential linkages between their fast‑payment systems and central bank digital currencies (CBDCs), Reserve Bank of India Governor Sanjay Malhotra has said, as New Delhi prepares to host the 2026 summit of the grouping in September.

DigiLocker reaches more than 72.43 crore registered users, UMANG at over 11.66 crore users

IANS | August 12, 2026 3:39 PM

New Delhi, Aug 12 (IANS) DigiLocker has reached more than 72.43 crore registered users and has about 72.86 crore document access transactions in the last three years, the Parliament was informed on Wednesday.

business

China’s leadership ignoring domestic consumers in pursuit of big projects: Report

South Korea, India vow closer ties in customs affairs

Pakistan records world's highest stillbirth burden, neonatal mortality rate: Report

Manufacturing GVA grows at 10.88 pc during FY23-FY26 as per revised series: Govt

India's retail inflation edges up to 4.45 per cent in July

Indian NBFC fintech loan book grows 21.2 pc in June as higher‑ticket lending gains traction: Report

Milky Mist IPO: Temasek-backed firm flags Rs 229 crore contingent liabilities, milk-sourcing reliance, other key risks in RHP

India, Iran central bank chiefs hold talks on closer banking ties

BRICS discuss linking CBDCs and fast payment systems: RBI Governor Malhotra

DigiLocker reaches more than 72.43 crore registered users, UMANG at over 11.66 crore users

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