Economy News ( English version)

Manipal Health Enterprises will use most of its ₹9,275 crore IPO proceeds to cut debt, giving India's largest hospital chain by bed capacity room to raise capital for future acquisitions and expansion. The Temasek-backed company opens its IPO on 29 July with a price band of ₹560-590 per share.

Besides Sharma's reappointment as MD, Jindal Steel announced appointments to the offices of chief financial officer, chief operating officer, and head of human resources, marking one of its biggest management overhauls in years

Hindustan Zinc also reported its lowest quarterly zinc cost of production, excluding royalty, since shifting to underground mining, helping further lift profitability.

IL JIN Electronics is expected to file its draft papers soon and is targeting a listing by the end of 2026-27.

Tata Consumer reported consolidated revenue of ₹5,349 crore in the quarter, up 12% from the same period a year ago

Finance Minister Nirmala Sitharaman called on the Income Tax Department to embrace a more taxpayer-friendly attitude. She highlighted the importance of differentiating between honest errors and deliberate tax fraud. Sitharaman encouraged officials to exercise their enforcement powers with a sense of humility and restraint, reminding them that their role now […]

India's trade with Britain is projected to hit USD 115 billion by 2030, promising the creation of approximately 700,000 to 1 million jobs. To thrive in this evolving landscape, Indian businesses need to focus on competitiveness and quality assurance. Moreover, improving the ease of doing business and boosting infrastructure investments are critical for […]

Finance Minister Nirmala Sitharaman urged tax officials to ensure taxpayer convenience. She stressed firm action against tax evasion and economic certainty. Officials must adopt an empathetic approach while enforcing tax laws. Sitharaman outlined five priorities for the Income Tax Department. She advised officials to exercise their powers with humility and a […]

US-India Strategic Partnership Forum (USISPF) President and Chief Executive Officer (CEO) Mukesh Aghi on Friday said that the economic partnership between India and the United States continues to expand despite the absence of a bilateral trade agreement, with trade and investment flows growing steadily.

In a notable development, India's forex reserves have increased by over one billion dollars, driven primarily by a growth in foreign currency assets. On the downside, the value of gold reserves has seen a significant decline. Additionally, Special Drawing Rights have experienced a minor upward adjustment, while the reserve position with the IMF has face […]