Gujarat Denim Industry Pivots to Domestic Market Amid US Tariffs
Rising US tariffs have slashed India's denim exports by 86%, forcing Gujarat's mills to chase domestic demand. The shift brings volume but squeezes margins in a fast-changing market.
Category : Business
Bengaluru Jewellery Stores Thrive on Silver Surge
Jewellery stores in Bengaluru are experiencing a significant boost in sales and footfall due to the recent surge in silver prices, driven by strong investor demand and festive buying.
Power Engineers Threaten Strike Over Electricity Bill 2025
The All India Power Engineers Federation warns of a nationwide agitation if the Electricity (Amendment) Bill 2025 and UP power privatisation are not withdrawn immediately.
Madurai Borewell Work Stoppage Over Carbon Shortage
Borewell rig owners in Madurai begin a three-day symbolic strike to protest severe carbon steel shortage. Prices surged 150% after China's export ban, crippling operations nationwide.
IKEA Plans Rs 10,500 Crore Investment, 20-30 Stores in India
IKEA announces major expansion in India with over Rs 10,500 crore investment, aiming for 20-30 stores by 2030 and profitability by 2028. The company focuses on key cities and boosts local sourcing.
RERA Attaches GMADA Assets for Delayed Flat Possession
The RERA authority in Chandigarh has attached assets of GMADA due to a significant delay in handing over a flat in Sector 83, Mohali, highlighting enforcement against project delays.
Haryana Relief for Vacant Plot Owners
The Haryana government has announced a relief measure for owners of vacant constructed plots, offering a reduction in property tax to ease financial burdens.
Silver Hits ₹3 Lakh Record, Gold Above ₹1.48 Lakh
Silver prices in India have surged to a historic high of ₹3 lakh per kg, while gold has crossed the ₹1.48 lakh per 10 grams threshold, driven by strong global demand and market volatility.
IndiGo May Cut Flights After Feb 10 as DGCA Exemption Ends
IndiGo could temporarily reduce flights after February 10 when DGCA's exemption from new flight-duty rules ends. The airline plans network adjustments to minimize disruptions.
Ahmedabad Textile Units Face Weak Demand, Operate at 60%
Ahmedabad's textile processing industry faces a slowdown with units operating at 60% capacity due to weak demand. Industry expects recovery by February with summer orders.
Gujarat Approves SPV for 48 Port Development
Gujarat government grants in-principle approval for a Special Purpose Vehicle to develop, operate, and maintain 48 ports owned by Gujarat Maritime Board.
Budget 2026's Fiscal Balancing Act: Growth vs. Deficit
The upcoming Union Budget must sustain economic growth while aiming to reduce the fiscal deficit to 4.2-4.4% of GDP by FY27, maintain capital expenditure, and revive private investment.
TSX Hits Record High on Gold Surge, Inflation Data
Canada's main stock index reached a new record high on Monday, driven by strong gains in materials as gold prices hit a record. Inflation data supports expectations for a Bank of Canada rate hold.
IndiGo Flight Cancellations Demand Deterrent Penalty
Massive flight disruptions by IndiGo caused trauma and financial losses to lakhs of passengers, with over 2,500 cancellations and 1,800 delays requiring regulatory action.
Namma Metro Fare Hike 2026 Hits Commuters Hard
Bengaluru's Namma Metro faces criticism as recent fare increases make it one of India's most expensive systems, disproportionately affecting daily-wage earners and lower-middle-class riders.
Kudumbashree Launches 'Meat Point' Takeaway Counters
Kudumbashree launches 'Meat Point', a network of takeaway food counters across Kerala offering chicken dishes, breakfast, and snacks, aiming to provide sustainable income for women.
Ceat Tyres Focuses on Overseas Growth, Europe Key Market
Ceat Tyres prioritizes expanding its international business, with Europe becoming a crucial market despite global tariff concerns. The company cites better profit margins overseas.
Shadowfax Raises Rs 856 Cr from Anchor Investors Pre-IPO
Logistics firm Shadowfax Technologies secures Rs 856 crore from anchor investors, with domestic mutual funds taking a majority stake, just before its IPO opens for public subscription.
KSRTC Ernakulam Bus Terminal Project Downsized
Kerala's KSRTC scales down its Ernakulam bus terminal project from Rs 27 crore to Rs 13 crore, reducing bus bays and abandoning two-storey plans due to financial constraints.
Telangana's 8-Month Food Price Deflation Unique in India
Telangana records sustained negative food inflation for eight consecutive months, contrasting sharply with other states. Experts point to weak consumer spending and oversupply as key factors behind this unusual trend.
IMF Raises India's FY26 GDP Growth to 7.3%
The International Monetary Fund has revised its projection for India's economic growth in FY26 upward to 7.3%, signaling strong confidence in the country's economic trajectory.
Ola Electric CFO Exits, Successor Named
Ola Electric's Chief Financial Officer has resigned from his position. The company has quickly named a successor to lead its finance operations.
PNB CEO Rules Out Acquisitions, Focuses on Organic Growth
Punjab National Bank's MD & CEO Ashok Chandra clarifies no acquisition plans, highlights record profits, and outlines growth strategy for southern states.
Silver Crosses Rs 3 Lakh Mark, Hits Record High on MCX
Silver prices surged past Rs 3 lakh per kg for the first time on MCX, reaching an all-time high of nearly Rs 3.1 lakh. The rally is driven by global price jumps, a weaker rupee, and safe-haven demand amid tariff uncertainties.
IMF Raises India's GDP Growth Forecast to 7.3% for 2025-26
The International Monetary Fund has revised India's GDP growth projection upward to 7.3% for 2025-26, citing robust third and fourth quarter performance. India remains the fastest-growing major economy globally.
Trump Tariff Threat Hits India-Iran Air Cargo Growth
US President Trump's proposed 25% tariff on Iran trade partners threatens India's surging air cargo exports. Shipments grew nearly 200% in five years, reaching 1,200 tonnes by September 2025.
Delhi Police Probes Rs 374 Crore GST Fraud Cases
Delhi Police's Economic Offences Wing investigates seven GST fraud cases totaling Rs 374 crore, where scammers used stolen identities to create dummy companies for financial transactions.
Vattiyoorkavu Road, Peroorkada Flyover Projects Accelerate
Thiruvananthapuram's key infrastructure projects move forward as KRFB issues tenders for Vattiyoorkavu road development and RBDCK calls bids for Peroorkada flyover, aiming for construction start in March.
Ikea Plans Rs 10,500 Crore Investment in India, 20-30 New Stores
Ikea announces a Rs 10,500 crore investment plan for India over five years, aiming to add 20-30 stores by 2030 and achieve profitability by 2028 while expanding sourcing.
AssetPlus Raises ₹17.5 Crore in Funding Round
Wealth-tech startup AssetPlus has raised ₹17.5 crore in a funding round led by existing investors. The funds will fuel platform expansion and product development.
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