Reserve Bank Governor Sanjay Malhotra has said the government may eventually have to raise petrol and diesel prices if the ongoing Middle East crisis continues for a prolonged period, PTI reported on Wednesday.Speaking at a conference in Switzerland on Tuesday, Malhotra said the disruption in oil and gas supplies due to the conflict and blockade…
Vande Bharat sleeper train Premium trains – better than Rajdhani and Tejas Express – and offering enhanced passenger comforts and importantly higher average speeds will in the coming years be the new reality for overnight travel on Indian Railways – courtesy the Vande Bharat sleeper train project. Over 250 new trains are in the pipeline…
The Reserve Bank of India (RBI) on Wednesday removed the requirement for non-bank entities to obtain prior approval for tie-up arrangements to facilitate outward remittance services through banks in India, PTI reported.The central bank also issued a revised operating framework for facilitating outward remittance services by non-bank entities through Authorised Dealer (AD) Category-I banks.“On a…
Dairy product major Mother Dairy on Wednesday increased milk prices by Rs 2 per litre across key variants with effect from May 14, PTI reported.Separately, Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets products under the Amul brand, also raised milk prices by Rs 2 per litre across India.The latest back-to-back price revisions by two…
Mumbai: A Redbird Aviation training aircraft was involved in an incident near Baramati airport in Maharashtra on Tuesday during a solo training sortie, though the cadet pilot escaped unhurt, the flying training organisation said.The aircraft, a Tecnam P2008JC bearing registration VT-RFY, was involved in the occurrence at Gojubavi in the vicinity of Baramati airport at…
Commercial vehicle maker Tata Motors Ltd on Wednesday reported a 33.8 per cent rise in consolidated net profit at Rs 1,793 crore for the fourth quarter ended March 31, 2026, driven by strong volume growth.The company had posted a consolidated net profit of Rs 1,340 crore in the corresponding quarter of the previous financial year,…
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved higher minimum support prices (MSP) for 14 Kharif crops for the 2026-27 marketing season, with sunflower seed, cotton, nigerseed and sesamum receiving the steepest increases.The government said the revised MSPs are aimed at ensuring remunerative prices for farmers while continuing its policy of fixing support…
The proposed rail line is expected to improve connectivity between Ahmedabad and Dholera Special Investment Region. (AI image) Trains at the speed of 220 kmph may soon run on Indian Railways with the Cabinet Committee on Economic Affairs, led by PM Narendra Modi, approving a new railway line. The CCEA gave its go ahead for…
The rupee slipped to a fresh all-time low against the US dollar on Wednesday, extending its recent losing streak as rising oil prices, overseas debt repayments and importer demand for hedging continued to weigh on the currency.The rupee weakened 0.1% to 95.7450 per dollar, moving past its previous record low of 95.7375 touched on Tuesday.Analysts…
Since the outbreak of the Iran conflict, India’s forex reserves have declined by nearly $38 billion, marking the steepest drop among regional economies. India has among the world’s largest foreign exchange reserves, and they are still robust enough to defend the rupee from its free fall during the ongoing depreciation phase due to the Middle…
