Sunday, October 18
Amid rising heat on Türkiye and Azerbaijan over their support for Pakistan during the recent military conflict with India, business leaders from over 24 Indian states gathered in Delhi on Friday to take a final call on ending trade with both nations. BJP MP and Secretary General of the Confederation of All India Traders (CAIT), Praveen Khandelwal, said the meeting will lead to a clear decision. “They will make the final decision to end our trade relations with Türkiye and Azerbaijan,” he told ANI.He added that Indian traders completely support PM Modi. “Just like other citizens, traders stand with PM Modi. They will not do business with any country that is against India,” Khandelwal said.CAIT is India’s leading trade body, representing 80 million traders and over 40,000 trade a
The Bihar government on Friday approved a proposal to rename Gaya city as 'Gaya Jee', an official said. The decision was taken at a meeting of the state cabinet, chaired by Chief Minister Nitish Kumar. The decision was taken because of the city's historic and religious importance, Additional Chief Secretary (Cabinet Secretariat) S Siddharth said. The cabinet also approved the formation of the Bihar State Jeevika Fund Credit Cooperative Society Ltd, paving the way for setting up 'Jeevika Bank' from which 'Jeevika Didis' will be able to avail loans, he said. The cabinet also gave its nod to the Health Department's proposal to set up the Bihar Cancer Care and Research Society for the prevention and treatment of cancer. The cabinet decided to celebrate January 5, the birth anniversary of forme
India is reviewing a US request to lift restrictions on ethanol imports as it negotiates a wider trade deal with Washington to avoid punitive tariffs.US negotiators want the South Asian country to allow shipments of the biofuel for blending with gasoline, according to people familiar with the matter, a change from current rules that promote domestic supply and permit overseas purchases of ethanol only for non-fuel use. India, one of the first countries to begin trade negotiations with the US, has been pushing for an early deal. President Donald Trump said in Qatar on Thursday that New Delhi had offered to abolish all tariffs on US goods — comments that were walked back only hours later by India’s Foreign Minister S Jaishankar, who said talks were ongoing. Commerce Minister Piyush Goyal
India’s state-run defence shipbuilders—Garden Reach Shipbuilders & Engineers (GRSE) and Cochin Shipyard—rallied over 11% on Friday after reporting strong March quarter earnings and amid optimism over a potential multi-year order boom in the defence sector.GRSE shares climbed as much as 11% to Rs 2,507 on the BSE, extending a three-session rally that has seen the stock surge 31% since it announced its quarterly and annual earnings after market hours on May 13.The defence PSU reported a twofold jump in net profit at Rs 224 crore for the March quarter, up from Rs 112 crore in the same period last year. Revenue from operations grew 62% year-on-year to Rs 1,642 crore, while EBITDA more than doubled to Rs 335 crore from Rs 166 crore. The company also declared a total dividend of 138.5%
Shares of Zomato (Eternal) and Swiggy rose up to 3.3% on Friday after both companies removed the rain surcharge waiver from their membership programs. This means that even paying subscribers of Swiggy One and Zomato Gold will now have to bear an additional ‘rain fee’ during inclement weather.The surcharge, which ranges between Rs 15 and Rs 35, is aimed at supporting delivery partners during adverse weather conditions. The move is in line with the companies' broader efforts to enhance profitability, particularly as losses in their quick commerce verticals continue to mount.Food delivery remains the core revenue driver for both platforms. In the March quarter, Zomato’s food delivery segment (under its parent Eternal) reported an adjusted EBITDA of Rs 428 crore, a 55% year-on-year incre
