Economy News ( English version)

Slashed revenue forecasts, plummeting sales and a high-stakes gamble on the future of electric mobility and energy. What’s going on at Ola Electric?

A stronger domestic industry will not just boost the local industry and reduce the import bill but also ensure that cutting-edge diagnostic solutions reach patients faster and at more affordable prices.

IndiGo shared a fresh update on the status of stabilisation of its operations after mass cancellations and delays caused severe disruptions across several airports of the country.

The growing success of consumer tech firms has led Indian VCs to invest in AI startups. Significant funding has been raised by companies like Dashverse and Kuku FM, indicating a burgeoning market for consumer AI across multiple sectors.

UBS may cut 10,000 jobs by 2027, a report said. A reduction of 10,000 positions would amount to a roughly 9% cut in Swiss bank's workforce, which stood at around 110,000 employees at the end of 2024. 

October coal imports saw a mixed trend. Overall shipments fell as domestic supply increased. However, coking coal imports rose significantly. Steel mills restocked for winter. Future imports are expected to be subdued due to higher domestic production.

India took a major step to strengthen its export ecosystem with the launch of the Export Promotion Mission (EPM), a unified framework approved in the Union Budget 2025-26. The Mission was designed to provide Indian exporters, especially MSMEs and first-time exporters, with simpler, faster, and more coordinated support.

Finance Minister Nirmala Sitharaman expressed confidence in India's economy growing at 7% or more this fiscal year, despite global headwinds. She also highlighted plans to reduce import duties and improve the income tax regime, while cautioning fiscally strained states against financing 'freebies' through borrowings.

India's economy is set for strong growth this year, with projections at least 7 percent. Finance Minister Nirmala Sitharaman stated that the economy's fundamentals are robust. Consumer spending is expected to remain resilient. The Reserve Bank of India has also raised its GDP growth forecast. This positive outlook comes despite global uncertainties […]

Finance Minister Nirmala Sitharaman announced a comprehensive overhaul of India's customs framework as her next major reform. The initiative aims to simplify and enhance transparency in customs procedures, making compliance less burdensome for businesses and individuals. This move follows successful tax reforms and seeks to reduce administrative hurdles […]