Business

MUNICH: Finance Minister Nirmala Sitharaman met Christine Lagarde, President of the European Central Bank (ECB), in Munich, Germany, among several other key dignitaries, during her ongoing visit.Both leaders were pleased to note the finalisation of the India and the European Union Free Trade Agreement (FTA) in January 2026. The Union Finance Minister underlined the financial…

UAE Property 2026: Is Now the Time for First-Time Buyers to Enter the Market? In 2026, the UAE’s property market is entering a new chapter of demand, innovation and opportunity and first-time home buyers are playing a big part in reshaping how residents approach property ownership. Once inclined to rent or invest secondarily, many long-term…

Prime Minister Modi inaugurated a series of major infrastructure projects in Assam on Saturday, aiming to accelerate development across the North-East. The projects, worth more than Rs 5,450 crore include Indian Institute of Management Guwahati, the Kumar Bhaskar Varma Setu, a new fleet of electric buses and the National Data Centre. The move aims to…

Screengrab (Ashwini Vaishnaw) The Union Cabinet has cleared a series of major infrastructure projects spanning railways, roads, tunnels and metro expansion, alongside large-scale urban and startup funding decisions, with the total approved outlay pegged at about Rs 1,60,504 crore, cabinet minister Ashwini Vaishnaw informed on Saturday.A significant portion of the approvals is directed towards transport…

Delhiites could soon change the way they use electricity! In a major move to reshape how power is bought and sold, the Delhi Electricity Regulatory Commission (DERC) has approved a framework allowing consumers to trade electricity directly with one another. The order clears the path for Tata Power Delhi Distribution Ltd and BSES Rajdhani Power…

NEW DELHI: Driven by structural reforms, entrepreneurial energy and a forward-looking approach to debt and development, India’s post-Covid expansion has been among the most consistent for any major economy, with expectations remaining strong for the medium term, Yann Le Pallec, president, S&P Global Ratings said on Saturday. “In our latest report, we explored how India…

NEW DELHI: In a rapidly reshaping global economy, strategic sovereignty has emerged as a guiding imperative, as nations navigate global supply chains while safeguarding critical capabilities in an increasingly fragmented world, global business leaders said. During a panel discussion, KPMG India CEO Yezdi Nagporewalla, global leaders across new age economy, technology and defence, financial inclusion,…

File photo: Union finance minister Nirmala Sitharaman India has sharply increased its spending on climate action over the past six years, with allocations rising from around 3.7 per cent of GDP to nearly 5.6 per cent, Union finance minister Nirmala Sitharaman said on Saturday.Speaking at the ‘Degrees of Instability: Climate Security in a Warming World’…

File photo: US secretary of state Marco Rubio and EAM S Jaishankar (Picture credit: AP, ANI) US secretary of state Marco Rubio on Saturday said Washington has secured a commitment from India to stop buying additional Russian oil, even as the United States continues to tighten sanctions on Moscow over the Ukraine war.Speaking at the…

A new study by the Indian Council for Research on International Economic Relations (ICRIER), supported by OpenAI, has sought to ease concerns about large-scale job losses due to artificial intelligence.According to the report, generative AI is not triggering mass layoffs in India’s IT sector at present. Instead, it is reshaping how work is organised, improving…