Economy News ( English version)

UKRAINE-CRISIS/RUSSIA-HYUNDAI (REPEAT, EXCLUSIVE, PIX):RPT-EXCLUSIVE-Hyundai not in a position to buy back Russian auto factory, source says

Reliance Industries has denied claims of a $30 billion demand from the Indian government, calling such reports factually incorrect. 

Waaree Energies has announced that Amit Paithankar has resigned from the position of CEO and director of the company. He will be replaced by Jignesh Rathod.

The acquisition would expand SoftBank's exposure to digital infrastructure as the Japanese conglomerate is positioning its portfolio to focus on artificial intelligence

The proposed transaction would rank among the largest deals in India’s fast-growing smart metering sector and highlights the financial stress at EESL, even as IntelliSmart plays a key role in the country’s $30-billion programme to replace 250 million conventional electricity meters with smart ones.

The government is speeding up the process for setting up Industrial Training Institutes. Industry players can now establish new institutes or take over existing ones more easily. Approval times have been cut by half, and entry requirements are now simpler. This move aims to significantly increase skilling opportunities across India.

India and Bahrain are moving forward with trade talks. Draft terms for a Comprehensive Economic Partnership Agreement have been exchanged. A joint working group is being established. India is also in discussions with the GCC for a free trade pact, with terms for Qatar substantially finalized. These agreements aim to boost Indian exports and diversify trade r […]

A State Bank of India report indicates states will be net gainers of approximately ₹17,000 crore under the new rural employment law, the VB-G RAM G Act, replacing MGNREGA. The new legislation shifts to a normative funding model, with most states projected to benefit, except for Tamil Nadu and Andhra Pradesh which may see minimal losses.

Union Budget, 2026: Prime Minister Narendra Modi will meet economists and sectoral experts on Tuesday. They will discuss suggestions for the upcoming Union Budget. The focus will be on achieving Atmanirbharta and transforming India into a Viksit Bharat by 2047. Discussions will cover boosting exports, generating employment, attracting investments, and enhanc […]

Australia will eliminate tariffs on all Indian exports starting January 1, 2026, a move expected to boost labor-intensive sectors. This development follows a significant increase in India's exports to Australia, which grew by 8% in 2024-25, underscoring the success of the India-Australia Economic Cooperation & Trade Agreement (ECTA).