Business Archives - Page 7 of 31

01 Feb

Union Budget 2026-27 Introduces Sports Goods Initiative and Khelo India Mission to Boost Manufacturing and Talent Development

Rajeev Sharma0 CommentsBusiness, IndiaKhelo India Mission, sports goods initiative, sports manufacturing, Union Budget 2026-27

New Delhi (Rajeev Sharma): The Union Budget 2026-27 includes a dedicated initiative to strengthen India’s sports goods sector, aiming to establish the country as a global leader in high-quality and affordable sporting equipment. Union Finance Minister Nirmala Sitharaman, while presenting the Budget in Parliament, stated that the initiative will focus on promoting manufacturing, research, and innovation, covering both the design of equipment and advancements in material sciences. This move aligns with the Budget’s broader objective of accelerating economic growth, improving productivity, and enhancing India’s competitiveness while building resilience against global uncertainties. The sports goods initiative is expected to tap into…

01 Feb

India’s GDP to Grow 7.4% in FY26 as Services Sector Drives Economic Momentum

Rajeev Sharma0 CommentsBusinesscapital expenditure, fiscal deficit, GDP growth, India economy, Union Budget 2026-27

New Delhi: India’s economy is poised for strong expansion, with real GDP projected to rise by 7.4% in the financial year 2025–26, Union Finance Minister Nirmala Sitharaman announced while presenting the Union Budget 2026-27 in Parliament. Nominal GDP is expected to grow by 8% this year, while forecasts for FY 2026-27 indicate a further increase to 10%, highlighting the resilience of the Indian economy amid global uncertainties. The services sector continues to lead the growth story, expanding by 9.1%, while manufacturing and construction grew by 7% and agriculture by 3.1% in FY25-26. Rising domestic demand is providing a strong foundation…

01 Feb

Union Budget 2026: India Semiconductor Mission 2.0 Launched with Rs 40,000 Crore Boost

Rajeev Sharma0 CommentsBusiness, IndiaIndia Semiconductor Mission 2.0, ISM 2.0, Nirmala Sitharaman, semiconductor sector, Union Budget 2026

New Delhi, February 1, 2026: In a major step to strengthen India’s semiconductor sector, Union Finance Minister Nirmala Sitharaman on Sunday announced the launch of India Semiconductor Mission (ISM) 2.0 with an allocation of Rs 40,000 crore while presenting the Union Budget 2026 in Parliament. The second phase of the mission aims to expand capabilities across the semiconductor value chain, including manufacturing equipment and materials, developing homegrown intellectual property, and reinforcing domestic supply chains. Sitharaman said the initiative would also support industry-led research and training centres to develop advanced technology and prepare a skilled workforce. Highlighting the success of earlier…

01 Feb

Budget 2026: Rs 10,000-Crore ‘Bio Pharma Shakti’ Scheme Announced to Boost Biopharma Industry

Rajeev Sharma0 CommentsBusiness, Health, IndiaBio Pharma Shakti scheme, biopharma industry, Nirmala Sitharaman, Union Budget 2026

New Delhi: Union Finance Minister Nirmala Sitharaman on Sunday announced a major policy push for India’s biopharmaceutical sector, unveiling the ‘Bio Pharma Shakti’ programme with an outlay of Rs 10,000 crore for the next five years, while presenting the Union Budget in Parliament. The initiative is aimed at creating a robust ecosystem for biopharma products and biosimilars, strengthening domestic manufacturing, innovation, and global competitiveness. Sitharaman said the programme aligns with the government’s broader vision of building self-reliance in high-end healthcare and life sciences. In addition to the biopharma push, the Finance Minister proposed measures to expand manufacturing capacity in strategic…

01 Feb

Watch Live! Union Budget Presented in Lok Sabha by Finance Minister Nirmala Sitharaman

Rajeev Sharma0 CommentsBusiness, IndiaBudget Speech, Finance Minister, Lok Sabha, Nirmala Sitharaman, Union Budget

New Delhi: Union Finance Minister Nirmala Sitharaman is presenting the Union Budget in the Lok Sabha today, laying out the government’s roadmap for economic growth, fiscal management, and development priorities for the coming financial year. The budget addresses key areas including public welfare, infrastructure expansion, employment generation, and policy reforms. The annual budget presentation is a crucial parliamentary event, as it outlines proposed government expenditure, revenue measures, and strategic initiatives that shape the nation’s economic direction. Members of Parliament and stakeholders across sectors are keenly observing the proceedings for major announcements and policy signals. The budget presentation and related parliamentary…

01 Feb

New Rules, New Rates: Key Financial and Regulatory Changes Take Effect Nationwide

Rajeev Sharma0 CommentsBusiness, IndiaAadhaar property registration, cigarette prices, Fastag rules, GST changes, LPG price hike

New Delhi (Rajeev Sharma): Several financial, regulatory and pricing revisions came into force across India on Sunday, bringing a combination of relief and added burden for consumers, businesses and commuters. While some measures are expected to ease costs for motorists and air travelers, others will tighten household and commercial budgets through higher taxes and price increases. One of the most noticeable changes is the steep rise in cigarette and tobacco prices. As per the revised tax framework notified earlier, products such as pan masala, gutkha and khaini are now taxed at a flat 40 per cent under the Goods and…

01 Feb

Union Budget 2026 to Be Tabled Today as Government Eyes Growth and Fiscal Balance

Rajeev Sharma0 CommentsBusiness, IndiaEconomic Survey, fiscal deficit target, Nirmala Sitharaman, Union Budget 2026

New Delhi (Rajeev Sharma): Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget 2026 in Parliament on Sunday, February 1, becoming only the second finance minister in India’s history to deliver the budget on a Sunday. The last such instance was in 1999, when Yashwant Sinha presented the budget under the Atal Bihari Vajpayee-led NDA government. The presentation also marks Sitharaman’s ninth consecutive budget under Prime Minister Narendra Modi. The budget is being unveiled amid a relatively strong economic outlook. The Economic Survey 2026, presented in Parliament on Thursday, has projected India’s economy to grow by 7.4 per…

31 Jan

Pat Cummins Ruled Out of T20 World Cup 2026 as Australia Name Squad Led by Mitchell Marsh

Rajeev Sharma0 CommentsBusiness

Sydney (Rajeev Sharma): Australia have been dealt a significant blow ahead of the ICC Men’s T20 World Cup 2026, with star fast bowler Pat Cummins ruled out of the tournament due to a persistent back injury. Cricket Australia confirmed Cummins’ unavailability while announcing its 15-member squad for the global event, set to be held in India and Sri Lanka from February 7 to March 8. Cummins has not fully recovered from his injury and requires additional rehabilitation time, according to officials. His absence is a major setback for Australia, given his role as a frontline pacer and proven performer in…

31 Jan

Gautam Adani, Nephew Agree to Accept SEC Legal Notice in US Civil Fraud Case

Rajeev Sharma0 CommentsBusiness, India, World NewsAdani Green Energy, bribery allegations, Gautam Adani, Sagar Adani, SEC lawsuit, US civil fraud case

New Delhi/New York (Rajeev Sharma): Billionaire industrialist Gautam Adani and his nephew Sagar Adani have agreed to accept service of a legal notice issued by the US Securities and Exchange Commission (SEC) in a civil fraud lawsuit, according to a court filing in the United States. The move, described as procedural in nature, is subject to approval by the court. In a joint filing submitted to a federal court in Brooklyn, New York, the SEC and US-based lawyers representing the Adanis confirmed that the defendants’ counsel has agreed to receive the regulator’s legal papers. This agreement removes the need for…

29 Jan

BJP leader Vineet Joshi’s brother Saurabh Joshi becomes new Mayor of Chandigarh

Gurpreet Singh0 CommentsBusiness

National Times Bureau :- The BJP's Saurabh Joshi was elected as the new Mayor of Chandigarh Thursday morning. Joshi received 18 votes against 11 for the AAP candidate. The Congress' nominee got seven votes.