Business News

New Labour Codes Push Up Costs for Private Banks, Insurers in Q3FY26

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The implementation of the New Labour Codes has increased employee-related costs for private sector banks and insurance companies, leading to higher operating expenses in the October–December quarter of FY26. HDFC Bank reported operating expenses of ₹18,770 crore in Q3FY26, up from ₹17,110 crore in the previous quarter, after accounting for an estimated ₹800 crore incremental […]

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Gems and Jewellery Sector Seeks Duty, GST Reforms in Union Budget 2026–27

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Amid a challenging global trade environment, India’s gems and jewellery sector has called for targeted duty rationalisation, procedural reforms and a reduction in GST in the Union Budget for 2026–27 to strengthen its global competitiveness. The Gem and Jewellery Export Promotion Council (GJEPC), in its pre-Budget recommendations submitted to Finance Minister Nirmala Sitharaman, proposed a

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Trump Threatens Higher Tariffs if India Continues Buying Russian Oil

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US President Donald Trump on Monday (India time) warned that Washington could raise tariffs on Indian imports if New Delhi does not stop purchasing Russian oil, signalling continued pressure on India over its energy ties with Moscow. Speaking to reporters aboard Air Force One, Trump said India had sought to placate him on the issue.

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India Presses Russia to Ease Trade Barriers Amid Rouble Accumulation

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India has urged Russia to lower trade barriers on Indian exports such as electronics, engineering goods, food products and fisheries, as New Delhi seeks ways for Moscow to utilise $50–55 billion worth of roubles piled up in bank accounts due to an oil-led trade imbalance. According to a report by The Times of India, Indian

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Ashwini Vaishnaw

Centre Clears 22 New Investment Proposals Worth ₹41,863 Crore Under ECMS

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The Centre on Friday approved 22 additional investment proposals amounting to ₹41,863 crore under the Electronics Component Manufacturing Scheme (ECMS). With these fresh approvals, the total number of companies cleared under the scheme has risen to 46, with cumulative proposed investments of ₹54,567 crore. Companies approved in this round include TDK India, BPL, Wipro Hydraulics,

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New Digital Facility on ‘RailOne’ App: 3 percent Discount on Unreserved Ticket Booking from January 14

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Asansol: In a major step towards enhancing passenger convenience through digital services, Indian Railways has introduced a special initiative for passengers booking unreserved tickets via its unified mobile platform, the RailOne app. The move further strengthens Indian Railways’ commitment to cashless transactions and aims to make daily travel more convenient for millions of passengers. Under

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India’s Household Debt Rises to 41.3% of GDP, Consumption Loans Dominate: RBI

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India’s household debt increased to 41.3 per cent of gross domestic product at the end of March 2025, higher than the five-year average of 38.3 per cent, with consumption-related borrowings forming the largest share, the Reserve Bank of India said in its Financial Stability Report. The central bank noted that despite the rise, India’s household

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Budget 2026: Why Raising the LTCG Exemption Could Benefit Investors More Than Cutting Tax Rates

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As expectations build around Budget 2026, long-term capital gains (LTCG) taxation has once again come into focus. While many investors hope for a reduction in the LTCG tax rate, experts suggest that increasing the exemption limit could provide far greater relief, especially to small and retail investors. At present, long-term capital gains from listed equities

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Parliament Clears Bill to Raise FDI in Insurance Sector to 100 Percent

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Parliament on Wednesday passed a bill to increase foreign direct investment (FDI) in the insurance sector to 100 per cent from the existing 74 per cent, a move aimed at boosting insurance penetration, lowering premiums and generating employment. The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 was approved by the Rajya Sabha

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