Business News: Economy & Markets

Indian Railways utilises 39 pc of FY27 capex spent till July: Govt

IANS | August 5, 2026 4:47 PM

New Delhi, Aug 5 (IANS) Indian Railways has incurred capital expenditure of over Rs 1.14 lakh crore or about 39 per cent of the budgetary allocation for 2026-27 till July, while expanding the deployment of its indigenous train collision avoidance system Kavach and upgrading tracks to support higher train speeds, the government informed Parliament on Wednesday.

RBI's policy stability, improved growth-inflation outlook boost confidence in economy: Industry

IANS | August 5, 2026 4:26 PM

New Delhi, Aug 5 (IANS) Industry leaders and economists on Wednesday welcomed the Reserve Bank of India's (RBI) decision to keep the repo rate unchanged at 5.25 per cent and maintain a neutral policy stance, saying the move provides policy stability and reflects confidence in India's economic resilience despite global uncertainties.

Chinese AI models lack credible data due to censorship: Report

IANS | August 5, 2026 4:26 PM

New Delhi, Aug 5 (IANS) Chinese AI models like DeepSeek have a serious limitation due to the censorship on information in the authoritarian state and are distrusted by many governments and users worldwide even though they are cheap and capable, according to an article published by East Asia Forum.

India’s EV sales likely to grow 55 pc annually through 2034

IANS | August 5, 2026 4:06 PM

New Delhi, Aug 5 (IANS) India’s shift to electric vehicles is becoming a key economic driver, with EV sales rising 46-fold from about 50,000 units in 2016 to 2.3 million units in 2025 and the market is projected to grow to $191.04 billion by 2034 at a CAGR of 54.94 per cent, the government said on Wednesday.

India to outperform global peers on strong consumption, FTAs to boost exports: HSBC Mutual Fund India CEO

IANS | August 5, 2026 3:48 PM

New Delhi, Aug 5 (IANS) India is likely to continue outperforming most major global economies despite persistent global uncertainties, supported by strong domestic consumption and rising exports, HSBC Mutual Fund India Chief Executive Officer Kailash Kulkarni said on Wednesday.

Meta and other social media platforms must comply with law of the land: Govt sources

IANS | August 5, 2026 3:40 PM

New Delhi, Aug 5 (IANS) Social media platforms, including Meta, must comply with the law of the land, IT Ministry sources said on Wednesday, as a parliamentary panel asked Meta CEO Mark Zuckerberg to issue an "unqualified apology" within three days over the brief removal of Prime Minister Narendra Modi's Facebook post recently.

National retrofit policy necessary to convert used cars to Auto LPG: Industry

IANS | August 5, 2026 2:44 PM

New Delhi, Aug 5 (IANS) India’s booming pre‑owned vehicle market presents a fast, practical opportunity to cut urban pollution for which the government must adopt a time‑bound national retrofit policy to convert in‑use petrol and diesel vehicles to Auto LPG, an industry body said on Wednesday.

Meta row: Parliamentary Panel seeks Mark Zuckerberg apology in 3 days

IANS | August 5, 2026 1:38 PM

New Delhi, Aug 5 (IANS) A Parliamentary Standing Committee on Wednesday took strong exception to the temporary removal of Prime Minister Narendra Modi's video from Facebook and has sought an apology from Meta CEO Mark Zuckerberg within three days.

Repo rate pause likely to boost business sentiment: Economists

IANS | August 5, 2026 1:33 PM

New Delhi, Aug 5 (IANS) Industry bodies and economists broadly welcomed the Reserve Bank of India’s decision on Wednesday to keep the benchmark repo rate unchanged, saying the move should bolster business confidence.

Postal department sets special Rakhi counters at 34 post offices in Delhi

IANS | August 5, 2026 1:29 PM

New Delhi, Aug 5 (IANS) The Department of Posts in the Delhi Circle has set up special counters at 34 major post offices along with railway stations -- Delhi Railway Station and New Delhi Railway Station -- to facilitate timely delivery of Rakhi consignments, an official statement said on Wednesday.

business

Indian Railways utilises 39 pc of FY27 capex spent till July: Govt

RBI's policy stability, improved growth-inflation outlook boost confidence in economy: Industry

Chinese AI models lack credible data due to censorship: Report

India’s EV sales likely to grow 55 pc annually through 2034

India to outperform global peers on strong consumption, FTAs to boost exports: HSBC Mutual Fund India CEO

Meta and other social media platforms must comply with law of the land: Govt sources

National retrofit policy necessary to convert used cars to Auto LPG: Industry

Meta row: Parliamentary Panel seeks Mark Zuckerberg apology in 3 days

Repo rate pause likely to boost business sentiment: Economists

Postal department sets special Rakhi counters at 34 post offices in Delhi

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