Business

The RBI’s Monetary Policy Committee (MPC) met on the 4th., 5th. and 6th. of August to deliberate and decide on the policy repo rate. After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, the MPC has reiterated unanimously: 1 Tractor sales and retail two-wheeler sales posted a growth of 9.2% and 4.9%, respectively, during Q1 of 2025-26. 2 As per the NielsenIQ’s Retail Audit Service, FMCG sales volume grew by 6.0% during Q1:2025-26, with rural…

Consolidated Financial Highlights Stand Alone Financial Highlights Management Comments On PFC’s performance, Director (Finance), Mr. Sandeep Kumar shared that “We have started the financial year on a promising note. In Q1’26, PFC reported a net profit of Rs. 4,502 crore, marking 21% Y-o-Y growth, primarily driven by 26% increase in Net Interest Income. Our financial position remains resilient, underpinned by a healthy capital adequacy ratio and continued improvement in asset quality”. On PFC’s performance, Chairman and Managing Director, Ms. Parminder…

Summit To Bring Together Experts, Policymakers, Stakeholders to Advance the Principle of ‘Evergreen Revolution’ New Delhi, Aug 2025 : To mark the birth centenary of Professor M.S. Swaminathan, a towering figure in agricultural science and a pioneer of food security, the M.S. Swaminathan Research Foundation (MSSRF) is organizing the M.S. Swaminathan Centenary International Conference from 7–9 August 2025 in New Delhi in collaboration with the Ministry of Agriculture and Farmers Welfare, Indian Council of Agricultural Research and National Academy of…

For the first time, award-winning artworks are available for sale, strengthening India’s commitment to cultural mapping and supporting artistic livelihoods New Delhi, Aug 2025 : The 64th National Exhibition of Art (NEA), organized by the Lalit Kala Akademi, India’s National Academy of Art, was inaugurated on August 5, 2025, in New Delhi with a grand ceremony that celebrated both India’s rich visual heritage and its dynamic contemporary art landscape. The prestigious event was graced by Shri Gajendra Singh Shekhawat, Union Minister…

SAP Labs India Innovation Park Inaugurated in Bengaluru, Set to Create 15,000 High-Value Jobs SAP’s New Campus Reflects Global Confidence in India’s Talent and Innovation Ecosystem: Union Minister Shri Ashwini Vaishnaw 34,000 GPUs Available to Every Student, Researcher, and College Startups is Democratizing Compute Power through Public-Private Partnership: Ashwini Vaishnaw New Delhi, Aug 2025 : In alignment with the Government of India’s vision for a Digital India, Skill India, and the advancement of sustainable infrastructure in the technology sector, SAP…

The Competition Commission of India has approved the acquisition of Jaiprakash Associates Limited by Dalmia Cement (Bharat) Limited. The Proposed Combination envisages100% acquisition of Jaiprakash Associates Limited (JAL) by Dalmia Cement (Bharat) Limited(Acquirer) pursuant to a corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC). The Acquirer is a wholly owned subsidiary of Dalmia Bharat Limited (DBL) which is the ultimate parent entity of the Dalmia Bharat Group. DBL (directly and through its affiliates) is primarily…

Asia-US Sea Freight rates are set to drop further in 2025, as shipping capacity outpaces demand and trade routes shift due to tariffs and geopolitical tensions, though vessel rerouting is expected to limit some losses, industry experts said. Average spot rates for containers from Asia to the US west and east coasts have slumped by 58% and 46% respectively since 01st. June, 2025, and are expected to fall further, according to experts of the shipping analytics. Adding to uncertainty are…

The Securities and Exchange Board of India (SEBI) on Monday has proposed that low-value transactions between interconnected entities, or “related parties”, no longer need to be disclosed and that only some of such high-value deals need shareholder approval. These proposals are part of the SEBI’s relook at the required disclosures on labour, environment and other issues as it seeks “optimal regulations” under recently appointed chairman, Tuhin Kanta Pandey. The regulator has now proposed that companies no longer need to disclose…

Union Home Minister congratulates Team Repco Bank for posting a profit of Rs.140 crore in the financial year 2024-25, which is the highest in the history of the cooperative bank Bank under the jurisdiction of MHA has set an example of efficiency, dedication, and professionalism that will serve as an inspiration for the cooperative sector Repco bank presented a cheque of Rs. 22.90 crore towards dividend for 2024-25 to Union Home Minister and Minister of Cooperation, Shri Amit Shah in…

NITI Aayog today launched the India Electric Mobility Index (IEMI), a first-of-its-kind tool developed to comprehensively track and benchmark the progress of States and Union Territories (UTs) in achieving their Electric Mobility goals. The Report was released by Shri Rajiv Gauba, Member, NITI Aayog in presence of Shri B. V. R. Subrahmanyam, CEO, NITI Aayog, Shri. Kamran Rizvi, Secretary, M/o Heavy Industries, Shri O. P. Agarwal, Distinguished Fellow, NITI Aayog and Shri Sudhendu Sinha, Programme Director – E-Mobility, NITI Aayog…