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Telangana's rice boom turns into surplus challenge as crop diversification gains focus

New Delhi, June 17 -- Since its formation as a State in 2014, Telangana's rice story has been phenomenal. And this has become a challenge now, as it is finding it difficult to manage its rice surplus ... Read More


Gujarat govt signs Rs.1 lakh cr funding pact with HUDCO for metro, expressways and Dholera projects

New Delhi, June 17 -- The Gujarat government has signed an agreement with state-owned lender Housing and Urban Development Corporation Ltd (HUDCO) to secure long-term financing of up to Rs.1 lakh cror... Read More


Crude oil futures decline on expectations of higher global supplies

New Delhi, June 17 -- Crude oil futures traded lower on Wednesday morning as markets anticipated an increase in global oil supplies following a proposed peace agreement between the US and Iran. At 9.... Read More


Chennai Port Authority offers wharfage concessions up to 80% for non-containerised cargo

New Delhi, June 17 -- The Chennai Port Authority (ChPA) has launched the Non-Containerized Cargo Incentive Scheme (NCCS) 2026-27, offering wharfage concessions of up to 80 per cent and loyalty bonus o... Read More


Attracting NRI inflows: RBI temporarily withdraws interest rate ceiling on fresh FCNR(B) deposits of 3-5 yr tenor

New Delhi, June 17 -- The Reserve Bank of India seems to be pulling out all the stops to ensure that banks are able to attract deposits from Non-Resident Indians (NRIs). It has temporarily withdrawn ... Read More


Tata Trusts backs IIM Bangalore's undergraduate school with undisclosed grant

New Delhi, June 17 -- Tata Trusts has committed an undisclosed grant to the Indian Institute of Management Bangalore (IIMB) for the development of its new School of Undergraduate Studies, providing a ... Read More


Pakistan duty drawback benefits may spoil India's Basmati party

New Delhi, June 17 -- Pakistan plans to extend duty drawback benefit to its Basmati exporters beyond June, as it has helped improve shipments of the aromatic rice. The benefit was introduced in late J... Read More


US retailer Target locks 8.3 lakh sq ft at Manyata Business Park in Rs.1,250-cr mega lease deal

New Delhi, June 17 -- US retail behemoth Target has taken up fresh 8. 3 lakh sq.ft office space in Bengaluru's Manyata Tech park. The company has leased for a rent outgo of Rs.1,250 crore. The lease ... Read More


RBI conducts two VRR auctions to address liquidity tightness in banking system

New Delhi, June 17 -- The sharp decline in liquidity surplus in the banking system amid advance tax instalments and monthly GST payments prompted the Reserve Bank of India to conduct two variable rate... Read More


India-UK free trade pact to take effect July 15 after breakthrough in steel deadlock

New Delhi, June 17 -- The India-UK free trade agreement will officially enter into force on July 15, opening British markets wider for Indian exports such as textiles, footwear, agri products and gems... Read More