Business News: Economy & Markets

China switches to smaller commercial investments in developing countries: Report

IANS | July 29, 2026 1:25 PM

New Delhi, July 29 (IANS) China’s investments in Africa and other developing countries are now concentrated in equity participation, public‑private partnerships and local‑currency financing which has replaced the large sovereign credit lines that constituted Chinese development finance earlier, according to an article in South Africa’s news website IOL.

Nearly half of India’s workforce could benefit from AI as productivity tool: Report

IANS | July 29, 2026 1:13 PM

New Delhi, July 29 (IANS) Generative artificial intelligence (Gen-AI) is likely to transform the way Indians work rather than lead to widespread job losses, with nearly half of India’s non-agricultural workforce expected to use AI as a productivity tool, a report has said.

India’s industrial output growth remains strong in June: Report

IANS | July 29, 2026 12:33 PM

New Delhi, July 29 (IANS) India’s industrial demand remained resilient externally with 7.3 per cent year‑on‑year output expansion in June, a report said on Wednesday.

I-T Dept asks taxpayers to reconcile documents, file ITRs before deadline

IANS | July 29, 2026 12:25 PM

New Delhi, July 29 (IANS) With the July 31 deadline for filing income tax returns (ITRs) for Assessment Year 2026-27 (FY2025-26) just two days away, the Income Tax Department has issued a reminder to taxpayers, urging them not to delay filing and avoid last-minute complications.

Hormuz, Red Sea disruptions may impact profitability of Indian exporters and importers: Report

IANS | July 29, 2026 12:00 PM

Mumbai, July 29 (IANS) Prolonged West Asia instability and dual chokepoint disruptions at the Strait of Hormuz and Red Sea could raise marine insurance premiums, freight costs, and transit times, impacting the profitability of Indian exporters and importers, particularly small and mid-sized firms with limited pricing power, a new report showed on Wednesday.

Banks collected Rs 26,170 crore in minimum balance charges over FY23-FY26: Govt

IANS | July 29, 2026 11:58 AM

New Delhi, July 29 (IANS) Banks collected more than Rs 26,170 crore from customers as penalties for failing to maintain the minimum average balance (MAB) in their accounts during the four financial years from FY23 to FY26, as per the data shared by the government in the Parliament.

India set to lead genomics revolution amid global patents expiry wave: Report

IANS | July 29, 2026 11:47 AM

New Delhi, July 29 (IANS) India is uniquely positioned to capitalise on a global genomics revolution and a looming $300 billion patent expiry wave that is driving an aggressive wave of biopharma acquisitions, a report said on Wednesday.

Sony's Kumamoto semiconductor plant remains shut after Japan earthquake

IANS | July 29, 2026 11:07 AM

New Delhi, July 29 (IANS) Sony Semiconductor Solutions on Wednesday said operations at its Kumamoto Technology Center remain suspended after a powerful earthquake struck Japan's Kumamoto region, with the company assessing possible damage to the facility and manufacturing lines.

Zoho's Arattai introduces Aadhaar-based identity verification to curb impersonation

IANS | July 29, 2026 10:26 AM

New Delhi, July 29 (IANS) Zoho Corporation's instant messaging and VoIP calling app Arattai on Wednesday introduced an Aadhaar-enabled identity verification layer aimed at curbing identity spoofing and digital impersonation attempts on its privacy-first platform.

India posts record smartphone exports of nearly $10 billion in Q1

IANS | July 29, 2026 9:59 AM

New Delhi, July 29 (IANS) India's smartphone exports touched a record high of nearly $10 billion in the first quarter of FY27, driven by Apple iPhone shipments, according to the latest data.

business

China switches to smaller commercial investments in developing countries: Report

Nearly half of India’s workforce could benefit from AI as productivity tool: Report

India’s industrial output growth remains strong in June: Report

I-T Dept asks taxpayers to reconcile documents, file ITRs before deadline

Hormuz, Red Sea disruptions may impact profitability of Indian exporters and importers: Report

Banks collected Rs 26,170 crore in minimum balance charges over FY23-FY26: Govt

India set to lead genomics revolution amid global patents expiry wave: Report

Sony's Kumamoto semiconductor plant remains shut after Japan earthquake

Zoho's Arattai introduces Aadhaar-based identity verification to curb impersonation

India posts record smartphone exports of nearly $10 billion in Q1

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