Business News

SAIL Achieves Record August Steel Production, Sales Jump 13 percent as Borrowings Fall by Rs 870 Crore

State-owned steel giant Steel Authority of India Limited (SAIL) has delivered one of its strongest monthly performances in recent years, posting record production and double-digit sales growth in August 2026. The Maharatna PSU achieved its highest-ever August output of hot metal, crude steel and saleable steel, while robust domestic demand and improved retail sales helped push […]

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Rupee Ends Slightly Higher at 94.49 as Foreign Inflows Support Sentiment

Mumbai, Sep 4: The Indian rupee ended marginally stronger against the US dollar on Friday, supported by optimism around foreign capital inflows and improved investor risk appetite. The rupee gained 2 paise to close at 94.49 (provisional) against the dollar. The modest rise came as expectations of continued foreign currency inflows provided some support to

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Sitharaman’s Global Outreach Gets Boost as Marsh Re Plans to Expand in India

New Delhi, Sep 4: India’s strong economic growth and expanding financial ecosystem are drawing greater interest from global risk-management and professional-services firms, with Marsh Re looking to deepen its presence in the country. Finance Minister Nirmala Sitharaman discussed India’s growing investment opportunities with Marsh Re President and CEO Dean Klisura, along with senior company executives,

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Belgian PM’s India Visit Opens Fresh Opportunities for Trade and Investment

New Delhi, Sep 4: Belgian Prime Minister Bart De Wever’s visit to India is giving fresh momentum to efforts to expand economic ties between the two countries, with a growing focus on emerging sectors beyond the traditional diamond trade. During his three-day visit, De Wever held discussions with Prime Minister Narendra Modi on ways to

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MABC to Mark 40 Years of Malaysia-Australia Business Ties at Annual Dinner

The Malaysia Australia Business Council (MABC) will celebrate 40 years of strengthening business ties between Malaysia and Australia at its Annual Dinner 2026. The milestone event is expected to bring together senior representatives from government and the private sector, including the Malaysian Minister of Investment, Trade and Industry, the Australian High Commissioner, CEOs, directors and

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UPI Sets Fresh Record as August Transactions Surge to 24.51 Billion

New Delhi, Sep : India’s digital payments network reached another major milestone in August, with UPI handling a record 24.51 billion transactions as consumers increasingly turned to instant payments for everyday purchases, money transfers and festive spending. Data released by the National Payments Corporation of India (NPCI) showed that the platform processed transactions worth Rs

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PMFME Scheme Opens New Pathways for Women Entrepreneurs and Youth Jobs

New Delhi, Sep 4: The Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) Scheme is emerging as an important avenue for strengthening small food businesses, particularly by helping women entrepreneurs turn local food products into sustainable enterprises and creating employment opportunities for young people. Implemented by the Ministry of Food Processing Industries, the scheme

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Goyal Pushes Nationwide FTA Drive to Take Indian Exports to Global Markets

Union Commerce and Industry Minister Piyush Goyal has called for a nationwide campaign to ensure that Indian businesses make greater use of the country’s expanding network of Free Trade Agreements (FTAs). Speaking at a national workshop on leveraging FTAs in New Delhi, Goyal said the benefits of preferential market access must reach businesses at the

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Union Bank of India Organizes the Grand Finale of IDEA 2.0 (Hackathon) under the PSBs Hackathon Series 2026

  Mumbai, Sept 04: Union Bank of India organized the Grand Finale of IDEA 2.0 (Hackathon) under the PSBs Hackathon Series 2026 on September 3, 2026 at K J Somaiya School of Engineering (Auditorium), Vidyavihar (East), Mumbai. The Bank has organized IDEA 2.0 (Hackathon) in association with Somaiya Vidyavihar University bringing together thought leaders, innovators,

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