Business Archives - Page 49 of 56

01 Jul

Punjab to Borrow Rs 8,500 Crore in July-September Quarter; State’s Debt May Cross Rs 4 Lakh Crore by FY 2025-26

Gurpreet Singh0 CommentsBusiness, Punjab, TrendingPunjab

Chandigarh (National Times): The Punjab government plans to borrow a total of Rs 8,500 crore over the next three months, from July to September 2025, following approval from the Reserve Bank of India (RBI). The move comes amid concerns over the state’s mounting debt, which has already reached Rs 3.82 lakh crore as of March 31, 2025, amounting to more than 44% of the state's Gross Domestic Product (GDP). Officials estimate that by March 31, 2026, the total debt burden could exceed Rs 4 lakh crore, which translates to a debt of over Rs 1.25 lakh per person in Punjab.…

01 Jul

Commercial LPG Cylinder Price Cut by Rs 58.50 from July 1; No Change in Domestic Rates

Rajeev Sharma0 CommentsBusiness, India, TrendingCylinder Price

New Delhi (National Times): In a welcome move for the commercial sector, oil marketing companies have reduced the price of 19-kg commercial LPG gas cylinders by Rs 58.50 with effect from Tuesday, July 1. The revision offers relief to hotels, restaurants, and businesses that rely on commercial gas cylinders for daily operations. With the latest price cut, the retail price of a 19-kg commercial LPG cylinder in Delhi now stands at Rs 1,665, down from Rs 1,723.50. The revised rates vary across other major cities, with prices now at Rs 1,616 in Mumbai, Rs 1,769 in Kolkata, and Rs 1,823.50…

30 Jun

Indian Economy Stays Robust Amid Global Uncertainty, Says RBI

Rajeev Sharma0 CommentsBusinessFinancial Stability Report, Indian economy, Reserve Bank of India

New Delhi, June 30, 2025 — The Indian economy continues to stand out as a key driver of global growth, buoyed by strong macroeconomic fundamentals and prudent policy measures, the Reserve Bank of India (RBI) stated on Monday in its bi-annual Financial Stability Report (FSR).Despite heightened global economic and trade policy uncertainties, which have put the resilience of the world economy and financial systems to the test, India’s financial sector remains stable, the central bank said.“Financial markets remain volatile, especially core government bond markets, driven by shifting policy and geopolitical environment. Alongside, existing vulnerabilities such as soaring public debt levels…

28 Jun

Trump Terminates Trade Talks With Canada Over Digital Services Tax, Slams 400% Dairy Tariffs

Rajeev Sharma0 CommentsBusiness, CanadaCanada, Donald Trump

Washington DC (National Times): In a fiery social media post on Friday, U.S. President Donald J. Trump announced the immediate termination of all trade discussions with Canada, accusing the country of imposing a “Digital Services Tax” on American technology firms and unfair tariffs on U.S. farmers. Taking to his platform Truth Social, President Trump called Canada “a very difficult Country to TRADE with” and alleged that Canadian policies have long targeted American producers, specifically pointing to 400% tariffs on dairy products. Trump’s remarks came after reports that Canada had introduced a new tax targeting digital services, a move similar to…

26 Jun

Trump Slams Indian-Origin Mayoral Candidate Zohran Mamdani as “100% Communist Lunatic” After Primary Win

nishuthapar10 CommentsBusiness

New York (National Times): Former U.S. President Donald Trump has lashed out at Zohran Mamdani, the Indian-origin leftist who recently clinched the Democratic primary for New York City’s mayoral race, calling him a “100% Communist Lunatic” in a fiery post on his Truth Social platform. Trump’s comments came after Mamdani, a self-proclaimed socialist, defeated former New York Governor Andrew Cuomo in a surprising upset that has energized the city’s progressive base. With 43.5% of the vote and 90% ballots counted, Mamdani is now poised to become the first Muslim mayor of New York City—if he wins the general election. “This…

19 Jun

Canada to Roll Out Swift Support for Steel and Aluminum Industries Amid U.S. Tariffs

Rajeev Sharma0 CommentsBusinessCanada U.S. tariffs, Mélanie Joly, steel aluminum crisis

Ottawa, June 19, 2025 — Canada’s federal government has pledged to deliver "a decision very quickly" to support the steel and aluminum sectors hit hard by recent U.S. tariffs, Industry Minister Mélanie Joly announced today.Addressing reporters on Parliament Hill, Joly described the situation as a state of emergency for Canadian producers. She has been in direct contact with industry executives and union leaders, including representatives from the Canadian Steel Producers Association and United Steelworkers, emphasizing the urgency of the issue.The tariffs, originally set at 25 percent in March, were doubled to 50 percent on June 3, a move widely dependent to have crippling…

18 Jun

No More Toll Hassles: Govt Launches Rs 3,000 Annual FASTag Pass for Highway Commuters

Rajeev Sharma0 CommentsBusiness, India, TrendingFASTag

New Delhi (National Times): In a first-of-its-kind move, the Government of India will roll out a FASTag-based Annual Toll Pass for non-commercial private vehicles starting August 15, 2025, Union Minister Nitin Gadkari announced today. The pass, costing Rs 3,000, will be valid for 200 toll trips or one year, whichever comes first, across all National Highways in the country. It is exclusively meant for private cars, jeeps, and vans. The Annual Pass comes in response to widespread public frustration over frequent toll deductions and bottlenecks, particularly at plazas less than 60 km apart. “This policy is designed to eliminate those…

13 Jun

DGCA Orders Enhanced Inspections of Air India’s Boeing 787 Fleet Following Ahmedabad Crash

Rajeev Sharma0 CommentsBusiness

National Times Bureau, June 13, 2025: In the wake of India’s deadliest civil aviation disaster, the Directorate General of Civil Aviation (DGCA) has issued a directive mandating enhanced inspections of Air India’s entire Boeing 787 Dreamliner fleet. The move follows the catastrophic crash of Flight AI171 in Ahmedabad, which claimed the lives of all 232 people on board and at least five medical students on the ground. It marked the first fatal accident involving a Boeing 787 in global aviation history.The DGCA’s directive comes amid growing scrutiny of the aircraft’s safety and technical performance. The regulator has asked Air India…

13 Jun

Iraq Closes Airspace Amid Israel-Iran Tensions; Delhi Airport Issues Advisory, Air India Diverts Multiple Flights

nishuthapar10 CommentsBusiness

Delhi (Gurpreet Singh): In response to the escalating conflict between Israel and Iran, Iraq has closed its airspace and suspended all flights, state media confirmed on Friday, June 13. The rapidly evolving situation in the region has disrupted international air travel, prompting Delhi Airport to issue a passenger advisory. While Delhi Airport operations continue smoothly, authorities have warned that flight schedules to and from West Asia may be impacted due to restricted airspace over Iraq, Iran, and nearby regions Air India Flights Affected:Air India has diverted or returned several long-haul international flights to ensure passenger safety. Affected routes include those…

10 Jun

RCB Owners Considering Franchise Sale Following IPL 2025 Title Win: Sources

Rajeev Sharma0 CommentsBusiness, IndiaRCB

Bengaluru (National Times): Just a week after lifting their maiden Indian Premier League (IPL) trophy, Royal Challengers Bengaluru (RCB) may be heading for a change in ownership. Sources have revealed to NDTV that Diageo Plc, the current owners of the franchise, are actively exploring options to sell their stake, either partially or entirely. The development follows the team's historic win in the 2025 IPL season, a triumph that ended an 18-year-long title drought. Insiders suggest that Diageo is looking to capitalise on the franchise’s soaring brand value and momentum post-victory. RCB is operated in India by United Spirits Ltd, a…