Business

APEDA-Facilitated Business Networking Opens New Export Market for Indian Millet-Based Functional Foods Export of Value-Added Millet Functional Foods Expected to Boost Farmer Incomes and Strengthen India’s Agri-Export Ecosystem In a significant boost to India’s agri-food exports, the Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the flagging off of the first-ever sea shipment of botanical-infused ready-to-cook millet functional foods from Karnataka to New Zealand on June 3, 2026. The export consignment, comprising one metric tonne of value-added millet-based…

New Delhi, June 2026 : In a significant milestone for India’s transition towards cleaner and alternative fuels, Maruti Suzuki India Limited on Thursday unveiled the country’s first flex-fuel passenger car, the Maruti Suzuki WagonR Flex-Fuel. The launch marks a major step in reducing dependence on conventional fossil fuels and promoting the use of biofuels amid global uncertainty in crude oil markets. The newly introduced WagonR Flex-Fuel has been engineered to operate on ethanol-petrol blends ranging from E20 to E100, making…

New Delhi, June 2026 : The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) commenced its three-day policy review meeting on Wednesday, with economists and market participants largely expecting the central bank to leave key interest rates unchanged despite mounting global uncertainties and inflationary pressures arising from geopolitical tensions in West Asia. The policy decision, along with the RBI’s updated economic projections, will be announced on Friday by RBI Governor Sanjay Malhotra. The meeting comes at a time when…

For FY26 Record CAPEX of INR 1,52,967 Cr (USD 16.1 Bn) Asset Base at INR 7,85,098 Cr (USD 82.8 Bn) All Time High EBITDA for FY26 at INR 94,834 Cr (USD 10 Bn) Editor’s synopsis Ahmedabad, June 2026: The Adani Portfolio—India’s leading infrastructure and utilities portfolio—today announced its FY26 financial performance and released the Credit and Results Compendium, providing an overview of performance and insights into its credit strength and long-term resilience. FY26 marks an important inflection point for the…

Frozen Shrimp Drives India’s Record Seafood Exports; US and China Remain Top Markets India exported 19,72,018 metric tonnes (MT) of seafood valued at ₹73,890.46 crore (USD 8.46 billion) during FY 2025–26, registering an all-time high in both volume and value despite challenging global market conditions, said Chairman, Marine Products Export Development Authority (MPEDA), Shri P. Jawahar, IAS. The United States and China continued to be the principal importers of Indian seafood during the year. Frozen shrimp remained the leading export…

The Digital India BHASHINI Division (DIBD), under the Digital India Corporation (DIC), Ministry of Electronics and Information Technology (MeitY), and the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, have signed an MoU under “BHASHINI Seva/Sanchalan – A BHASHINI Sahayogi Program” to strengthen multilingual digital capabilities across India’s industry and internal trade ecosystem through the BHASHINI Platform, India’s National Language Digital Public Infrastructure. The collaboration aims to promote multilingual access, multilingual governance, and multilingual…

Mumbai; May 2026: Today (Friday – 29th May 2026) the Reserve Bank Of India has released the web publication ‘Annual Basic Statistical Return (BSR)-1 on Credit by Scheduled Commercial Banks – March 2026 on its ‘Database on Indian Economy’ (DBIE) portal. The publication provides information on various characteristics of outstanding bank credit in India, based on data submitted by SCBs {including Regional Rural Banks (RRBs)} under the annual Basic Statistical Return (BSR)–1 system, which collects information on type of account,…

MoU to strengthen bilateral cooperation in financial innovation and digital payments, with potential to enhance cross-border payment linkages and position India as a major fintech hub India–Vietnam Partnership to Expand QR Code-Based Cross-Border Payment Systems The Reserve Bank of India and the State Bank of Vietnam on 05.05.2026 signed a Memorandum of Understanding (MoU) to promote cooperation in financial innovation and digital payments, including information sharing, regulatory coordination, and payment system connectivity for cross-border QR Code-based merchant payments. The MoU…

Steel Authority of India Limited (SAIL), a Maharatna company and the country’s largest public sector steel producer under the Ministry of Steel, and EdCIL (India) Limited, a public sector undertaking under the Ministry of Education, signed a Memorandum of Understanding (MoU) on 26th May, 2026 to promote inclusive education under SAIL’s Corporate Social Responsibility (CSR). Under this MoU, ‘Smart Digital Classrooms’ will be installed in schools located around SAIL’s operational areas. The collaboration aims to promote inclusive education and enhance learning…

Shares of billionaire Gautam Adani’s listed companies have fully recovered losses triggered by the 2023 Hindenburg Research report, marking a sharp turnaround for the conglomerate as it navigates regulatory scrutiny and renewed investor confidence. The combined market value of Adani Group’s nine listed firms has now risen by nearly $150 billion from the lows seen after the US-based short-seller accused the conglomerate of widespread corporate misconduct. The allegations had led to a massive selloff across Adani stocks at the time.…