Business News: Economy & Markets

Centre invites applications for Rs 5,000 crore PRIP Scheme to boost pharma, MedTech innovation

IANS | August 28, 2026 3:42 PM

New Delhi, Aug 28 (IANS) The Centre's Department of Pharmaceuticals has announced the second call for applications under the Rs 5,000 crore Promotion of Research and Innovation in Pharma & MedTech (PRIP) Scheme, launched to strengthen India's pharma and medtech research and development ecosystem across startups, MSMEs, and large companies, according to an official statement issued on Friday.

Defence sector reforms aim to boost India’s military hardware exports

IANS | August 28, 2026 3:33 PM

New Delhi, Aug 28 (IANS) The Department of Defence Production has undertaken a comprehensive set of reforms to simplify the Defence Export Standard Operating Procedure (SOP) and the Open General Export Licence (OGEL) framework with the aim of making India a reliable, competitive and trusted global defence manufacturing and export partner, according to a statement issued by the Ministry of Defence on Friday.

‘Unprecedented scale, transformative outcomes’: PM Modi on 12 years of Jan Dhan Yojana

IANS | August 28, 2026 2:32 PM

New Delhi, Aug 28 (IANS) Prime Minister Narendra Modi on Friday highlighted the unprecedented scale and transformative outcomes of the Pradhan Mantri Jan Dhan Yojana, saying the flagship financial inclusion programme has had an unparalleled impact in empowering people across the country.

China’s debt crisis is fallout of financial suppression of households

IANS | August 28, 2026 2:13 PM

New Delhi, Aug 28 (IANS) China’s debt has surged over the past ten to fifteen years at perhaps the fastest pace in history, leaving China with one of the highest debt-to-GDP ratios in the world—second only to Japan among the major economies. Such sharp increases in debt make further growth unsustainable, according to an article published by the Carnegie Endowment for International Peace.

Nine nuclear reactors under construction as India advances to 100 GW capacity by 2047

IANS | August 28, 2026 12:12 PM

New Delhi, Aug 28 (IANS) India operates 24 nuclear power reactors with a total installed capacity of 8.78 gigawatts and has nine reactor units with a combined 7.5 gigawatts under construction, as the country advances to achieving 100 GW of nuclear power capacity by 2047, an official factsheet said on Friday.

Union Ministers join Substack in a pivot to better public communication

IANS | August 28, 2026 11:24 AM

New Delhi, Aug 28 (IANS) Union Ministers are increasingly turning to independent digital publishing platforms such as Substack to communicate directly with citizens, industry and policy stakeholders, offering longer-form perspectives on government initiatives beyond conventional press releases and social media posts.

Tim Cook announces Apple donation for Nepal-Tibet flood relief and rebuilding

IANS | August 28, 2026 10:54 AM

New Delhi, Aug 28 (IANS) Apple CEO Tim Cook on Friday expressed solidarity with people affected by the devastating flash floods and mudslides that have caused widespread destruction along the Nepal-Tibet border, saying the company will make a donation to support relief and rebuilding efforts.

'Kanda Express', buffer stocks set to bring down onion prices in Delhi

IANS | August 27, 2026 10:19 PM

New Delhi, Aug 27 (IANS) In a relief for consumers in Delhi, the price of onions has begun to go down, and is expected to remain at Rs 35 to 40 per kg following the expected arrival of the Centre's 'Kanda Express' and the release of the government's buffer stocks into the national capital's vegetable 'mandis'.

Subhash Chandra case: Here're the facts on NCLT order

IANS | August 27, 2026 9:44 PM

New Delhi, Aug 27 (IANS) There has been widespread reporting that banks have taken a 99.97 per cent haircut on over Rs 22,000 crore of loans to Essel Group founder Subhash Chandra, with the National Company Law Tribunal approving repayment of only around Rs 6.5 crore, but according to government sources, "this is incorrect".

No move to replace E20 petrol with E10: BPCL chief

IANS | August 27, 2026 8:08 PM

New Delhi, Aug 27 (IANS) Bharat Petroleum Corporation Ltd Chairman and Managing Director Sanjay Khanna said on Thursday that there is no proposal to replace E20 petrol with E10, clarifying that the current debate is over whether older vehicles should have access to a lower-ethanol blend with 10 per cent ethanol.

business

Centre invites applications for Rs 5,000 crore PRIP Scheme to boost pharma, MedTech innovation

Defence sector reforms aim to boost India’s military hardware exports

‘Unprecedented scale, transformative outcomes’: PM Modi on 12 years of Jan Dhan Yojana

China’s debt crisis is fallout of financial suppression of households

Nine nuclear reactors under construction as India advances to 100 GW capacity by 2047

Union Ministers join Substack in a pivot to better public communication

Tim Cook announces Apple donation for Nepal-Tibet flood relief and rebuilding

'Kanda Express', buffer stocks set to bring down onion prices in Delhi

Subhash Chandra case: Here're the facts on NCLT order

No move to replace E20 petrol with E10: BPCL chief

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