Onion Exports Up 40%, Diversify to New Markets
India's onion exports rose to 1.35 lakh tonnes in March, a 40% increase year-on-year, with shipments diversifying to Malaysia, UAE, and Sri Lanka despite West Asia conflict and Bangladesh restrictions.
Category : Business
Russian LNG Heads to India Amid US Sanctions and Energy Diplomacy
A Russian LNG cargo from the sanctioned Portovaya plant is en route to India's Dahej terminal, marking a potential first such shipment since US pressure. India maintains energy procurement is based on price and security, not political commitments.
Toxic Gas Leak at Baghpat Sugar Mill Kills Guard, Injures Five
A security guard died and five workers were hospitalized in critical condition after a toxic gas leak at a sugar mill's effluent treatment plant in Baghpat district. Police are investigating the incident amid protests by the deceased's family alleging neg
PLI 2.0 for Mobile Phones: $5B Boost to Exports
India plans to launch PLI 2.0 for mobile manufacturing by May with over $5 billion outlay, focusing on doubling exports. The scheme follows the success of the initial PLI program.
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China's Dark Factories: Lights-Out Automation Revolution
China's fully automated 'dark factories' operate 24/7 without human intervention, using robots and AI to transform manufacturing while impacting millions of jobs.
EO Charging Collapses After Rapid Global Expansion
EO Charging ceased operations on April 8 due to heavy financial strain from rapid global expansion, resulting in 69 job losses. Administrators from PwC are managing the closure and assisting clients.
ED Arrests Former ADAG Executive in PMLA Bank Fraud Probe
The Enforcement Directorate has arrested former ADAG executive Amitabh Jhunjhunwala in a PMLA case linked to alleged bank loan fraud through Reliance group companies using shell entities.
New Scheme to Boost Mobile Phone Exports in India
The Indian government is set to rollout a new scheme aimed at significantly boosting mobile phone exports, building on the success of the earlier PLI initiative launched in 2020 with an outlay of Rs 40,995 crore.
Aurobindo Pharma's TheraNym Biologics Expands MSD Deal
Aurobindo Pharma's subsidiary TheraNym Biologics strengthens its CMO agreement with MSD, investing $150-175 million in a new biologics manufacturing facility in Hyderabad.
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India Gets First Russian LNG Under US Sanctions
India imports its first shipment of Russian liquefied natural gas under US sanctions, marking a strategic energy move amid global tensions and boosting bilateral trade.
Fertiliser Crisis in Raichur: Farmers Panic-Buy as Prices Soar
Farmers in Raichur district face anxiety as fertiliser prices surge due to fears of shortages, with urea selling at double the official rate and black market activity rising amid supply chain pressures.
Indian Trade Delegation to Visit US for Bilateral Agreement
An Indian delegation is set to visit the United States next week to advance a bilateral trade agreement, following a framework established in February that aims to substantially reduce tariffs.
Chandigarh's Billionaire Lanes: 5 Elite Sectors for the Rich
Explore Chandigarh's most prestigious residential sectors, known as 'billionaire lanes,' where politicians, bureaucrats, and high-net-worth individuals live in luxury with low-density planning and exclusive amenities.
China Becomes India's Largest Trading Partner in FY26
China has surpassed the United States to become India's largest trading partner in FY26, with bilateral trade reaching $118.4 billion. The trade deficit with China expanded significantly to $112.16 billion, raising economic concerns.
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TCS Nashik Scandal: Undercover Op Exposes Abuse, Conversion Claims
A covert police operation at a TCS BPO in Nashik has led to nine FIRs and seven arrests, including an HR official, over allegations of sexual harassment and religious coercion.
India's Economy Faces Oil Shock Amid Middle East Conflict
India's high growth faces oil price shock as crude crosses $100/barrel. IMF raises India's growth forecast to 6.5%, while S&P Global analyzes impact channels and resilience factors.
Haryana Wheat Harvest Peaks, Grain Market Arrivals Rise
Wheat harvesting in Haryana has reached its peak, leading to a significant increase in arrivals at grain markets across the state, with officials monitoring the situation closely.
LPL Financial Opens Hyderabad GCC, Plans 1,500+ Tech Hires
US wealth management giant LPL Financial has inaugurated its first global capability center outside the US in Hyderabad, planning to hire over 1,500 tech professionals to boost AI, operations, and technology capabilities.
Sensex, Nifty Surge as Oil Prices Drop, US-Iran Talks Boost Sentiment
Benchmark indices Sensex and Nifty surged over 1.6% on Wednesday, driven by easing oil prices and hopes of US-Iran talks. The rally lifted most sectors, with InterGlobe and Eternal among top gainers.
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Cidco Appoints JV for Navi Mumbai Airport Third Runway Study
Cidco has appointed a joint venture of RITES Ltd and Creative Group LLP to conduct a six-month techno-commercial feasibility study for a third runway at Navi Mumbai International Airport, aiming to boost capacity for growing air traffic in the Mumbai Metr
India's Exports, Imports Fall in March, Trade Deficit Narrows
India's merchandise exports and imports experienced a sharp decline in March 2024, leading to a narrowed trade deficit. Key sectors like engineering goods and petroleum products saw significant drops, reflecting global economic pressures.
India's Mobile PLI 2.0: $5B Boost by May
The Indian government is poised to launch the Mobile PLI 2.0 scheme with an outlay exceeding $5 billion by May 2026, building on the success of exports worth Rs 2.62 lakh crore in 2025, led by Apple.
Wall Street Rises on Hopes of US-Iran Ceasefire Extension
Wall Street indices edged higher, nearing record levels as optimism grows over a potential US-Iran ceasefire extension, easing global economic fears and boosting markets.
RBI Issues Guidelines for NBFC Branch Authorisation
The Reserve Bank of India has released comprehensive guidelines for NBFC branch authorisation to enhance regulatory oversight and ensure orderly expansion in the financial sector.
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BRICS Chamber Announces 2026-2029 Governing Body Elections
The BRICS Chamber of Commerce and Industry has announced elections for its governing body for the 2026-2029 term, aiming to enhance economic collaboration among member nations.
Wholesale Price Inflation Hits 3-Year High at 3.88% in March
India's wholesale price index (WPI) inflation surged to 3.88% in March 2024, marking the highest level in three years, driven by rising food and fuel prices, according to official data.
Jeh Aerospace, Liebherr Sign Deal for Aircraft Landing Gear
Hyderabad-based Jeh Aerospace has signed a long-term agreement with French giant Liebherr-Aerospace to produce high-precision landing gear components for commercial single-aisle aircraft, enhancing India's role in the global aerospace supply chain.
5 Iconic Modern Architectural Buildings Shaping India's Cityscapes
Discover five landmark modern architectural buildings in India that blend international modernity with indigenous practices, shaping contemporary cityscapes through climate-responsive and culturally-rooted design.
Vanguard Hyderabad Centre to Reach 2,400 Staff by 2029
US investment giant Vanguard plans to scale its Hyderabad global capability centre to 1,000 employees by 2026 and 2,400 by 2029, focusing on technology and product development.
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IIFL Fintech Fund Backs TraqCheck's $8M Series A for AI Hiring
IIFL Fintech Fund leads an $8 million Series A round in TraqCheck, an AI-powered platform building infrastructure for enterprise hiring, aiming to revolutionize recruitment processes with advanced technology.
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