Falling wholesale inflation in India to boost demand and growth: Industry

IANS | July 14, 2025 1:59 PM

New Delhi, July 14 (IANS) The continuous fall in wholesale price index (WPI) inflation for the seventh month in a row is a good sign for India’s economy as it will reduce operational costs for companies, boost domestic demand and support economic growth, industry experts said on Monday.

US regulator FAA says Boeing’s fuel control switches are safe

IANS | July 14, 2025 12:53 PM

New Delhi, July 14 (IANS) The USA’s Federal Aviation Administration has informed civil aviation authorities of other countries that fuel control switch designs, including the locking feature, installed in Boeing planes, including the Dreamliner involved in the Air India crash at Ahmedabad, are safe.

Ola Electric’s net loss widens to Rs 428 crore in Q1 FY26, revenue drops 50 pc

IANS | July 14, 2025 11:06 AM

New Delhi, July 14 (IANS) Bhavish Aggarwal-led electric two-wheeler maker Ola Electric on Monday reported a consolidated net loss of Rs 428 crore in Q1 FY26, as revenue from operations also nosedived to Rs 828 crore — a 49.6 per cent year-on-year decline from Rs 1,644 crore revenue in the same quarter last fiscal.

India, Saudi Arabia bolster bilateral ties in chemicals and fertilisers sector

IANS | July 14, 2025 9:24 AM

New Delhi, July 14 (IANS) Highlighting strong economic ties between India and Saudi Arabia, the visit by Union Health and Chemicals and Fertilisers Minister, JP Nadda, to Dammam and Riyadh focused on enhancing bilateral cooperation in the chemicals and fertilisers sector, according to an official statement.

Time taken for tax refunds in India cut from 3 months to 17 days in last 11 years

IANS | July 13, 2025 8:10 PM

New Delhi, July 13 (IANS) The average number of days it takes for taxpayers to get refunds from the Income Tax Department in India has come down drastically from 93 days in 2013 to a mere 17 days in 2024, reflecting the increased efficiency in the system on the back of rising digital infrastructure that enables faceless online disbursals.

Centre eases FGD norms for power plants, electricity costs to come down

IANS | July 13, 2025 4:57 PM

New Delhi, July 13 (IANS) The Ministry of Environment, Forest and Climate Change has relaxed the requirement for mandatory installation of flue gas desulphurisation (FGD) systems at most coal-based thermal power plants, marking a move towards differentiated compliance based on proximity to urban populations and the sulphur content of the coal used.