THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 16, 2025 In a strong signal of increasing private sector participation in India’s coal mining industry, the Ministry of Coal on Monday opened bids for the 12th round of commercial coal block auctions, receiving a robust 41 bids for 11 coal blocks. According to an official release from the Ministry, the bids were submitted both ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 16, 2025 India’s merchandise exports dipped 2.17% year-on-year to USD 38.73 billion in May 2025, slipping back into negative territory after two months of growth. Despite the decline, the country’s trade deficit narrowed significantly to USD 21.88 billion, down from USD 22.51 billion in the same month last year and USD 26.42 billion in April. ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 16, 2025 India’s wholesale inflation dipped to a 14-month low of 0.39 per cent in May 2025, down from 0.85 per cent in April and 2.05 per cent in March, according to data released by the Ministry of Commerce and Industry on Monday. This steady decline in the Wholesale Price Index (WPI) reflects a broad-based ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 13, 2025 In the wake of the Reserve Bank of India’s (RBI) surprise rate cut aimed at reviving a slowing economy, Finance Minister Nirmala Sitharaman is set to meet the heads of all public sector banks (PSBs) on June 27 to review their financial performance and align them with the government’s economic stimulus agenda. This ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 13, 2025 In a major economic milestone, India’s retail inflation has cooled to a 75-month low of 2.82 per cent in May 2025, sharply contrasting the double-digit inflation seen during the UPA era. Food inflation dropped to 0.99 per cent, its lowest since October 2021, signalling a period of price stability under the Modi-led government. ...

THEBUSINESSBYTES BUREAU AHMEDABAD, JUNE 12, 2025 A tragic aviation disaster struck Ahmedabad on Wednesday morning as Air India flight AI171, en route to London’s Gatwick Airport, crashed shortly after takeoff, plummeting into the densely populated Meghaninagar area. The aircraft was carrying over 130 passengers, and rescue operations are currently underway. Panic gripped the city as thick plumes of smoke rose ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 10, 2025 Union Minister of Commerce and Industry,  Piyush Goyal, delivered a compelling address to leading Swiss industrialists and innovators at the prestigious Swissmem Industry Day in Switzerland on Tuesdday, portraying India as a dynamic and dependable partner in global economic growth. In a landmark engagement aimed at deepening bilateral ties, Shri Goyal highlighted the ...

THEBUSINESSBYTES BUREAU JODHPUR, JUNE 9, 2025 Lok Sabha Speaker Om Birla on Monday underscored the pivotal role of India’s youth in addressing global challenges, asserting that the nation is emerging as a world leader in innovation and development through the dynamism of its young minds. Speaking at the Indian Institute of Technology (IIT), Jodhpur, he said, “India is advancing on ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 9, 2025 The Quality Council of India (QCI), the national custodian of accreditation, marked World Accreditation Day 2025 with a flagship event at the India Habitat Centre, New Delhi. The celebration underscored the pivotal role of accreditation in driving quality, innovation, and global competitiveness — particularly for India’s Small and Medium Enterprises (SMEs). A key ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 9, 2025 In a major policy boost to India’s high-tech manufacturing ambitions, the Government of India has notified transformative reforms in the Special Economic Zones (SEZ) Rules, aimed at catalyzing investment in the semiconductor and electronics component manufacturing sectors. These strategic amendments are poised to fast-track India’s emergence as a global hub for next-generation electronics ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 7, 2025 In a decisive move to protect domestic industries from unfair trade practices, the Indian government has slapped anti-dumping duties on the import of Vitamin-A Palmitate and insoluble sulphur — two key industrial chemicals — sourced from China, Japan, Switzerland, and the European Union. The Ministry of Finance issued a notification on June 6, ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 5, 2025 Reinforcing its commitment to a sustainable future, India marked World Environment Day 2025 with a grand celebration at Bharat Mandapam, New Delhi, under the unifying theme, “One Nation, One Mission: End Plastic Pollution.” Organized by the Union Ministry of Environment, Forest and Climate Change, the event drew participation from top government officials, industry ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 5, 2025 In a significant move to transform India’s maritime landscape and reinforce its position in the global logistics ecosystem, Union Minister for Ports, Shipping, and Waterways Sarbananda Sonowal announced a $20 billion commitment toward the development of maritime infrastructure. Speaking at the India Country Session in Oslo, the minister outlined a comprehensive roadmap aimed ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 3, 2025 In a landmark step towards scientific advancement and maritime self-reliance, India today signed a pivotal Memorandum of Understanding (MoU) with Norway’s Kongsberg to build its first-ever indigenous Polar Research Vessel (PRV). The agreement was signed between Garden Reach Shipbuilders and Engineers Limited (GRSE), a premier Indian shipyard based in Kolkata, and the Oslo-headquartered ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 3, 2025 India reaffirmed its commitment to inclusive, sustainable, and future-ready digital development during the 11th BRICS Communications Ministers’ Meeting held in Brasília, Brazil. Representing the Government of India, Dr. Pemmasani Chandra Sekhar, Minister of State for Communications and Rural Development, delivered a compelling national statement that aligned with the BRICS presidency theme led by ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 2, 2025 In a significant stride toward strengthening bilateral maritime cooperation, Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal held a high-level meeting with Japan’s Vice Minister for International Affairs, Terada Yoshimichi, from the Ministry of Land, Infrastructure, Transport & Tourism (MLIT) in Oslo today. The discussion, held on the sidelines of an international ...

THEBUSINESSBYTES BUREAU NEW DELHI, MAY 27, 2025 India witnessed a significant upswing in foreign direct investment (FDI) inflows during the financial year 2024–25, reaching an all-time high of $81.04 billion, a 14% increase from $71.28 billion recorded in FY 2023–24. The Ministry of Commerce and Industry, in a statement released on Tuesday, attributed the growth to sustained investor confidence, a ...

THEBUSINESSBYTES BUREAU NEW DELHI, MAY 26, 2025 In a significant push towards revolutionizing India’s inland water transport sector, Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, announced that 47 new National Waterways will become operational by 2027, as part of a larger target to make 76 waterways fully functional. Addressing a Consultative Committee meeting on Inland Waterways Transport in ...

THEBUSINESSBYTES BUREAU NEW DELHI, MAY 26, 2025 India’s coal industry has marked an historic milestone, topping one billion metric tonnes in both production and dispatch during the 2024-25 financial year — an achievement the government hails as proof that a decade of sweeping reforms has turned the once-troubled sector into a strategic engine of growth, sustainability and global competitiveness. Union ...

THEBUSINESSBYTES BUREAU NEW DELHI, MAY 19, 2025 In a significant milestone for marine conservation, the Indian Coast Guard’s (ICG) annual initiative, Operation Olivia, has successfully protected over 6.98 lakh Olive Ridley turtles that nested at the Rushikulya river mouth in Odisha during February 2025. The operation, conducted each year from November to May, plays a crucial role in ensuring the ...

THEBUSINESSBYTES BUREAU NEW DELHI, MAY 14, 2025  In a momentous ceremony held at Rashtrapati Bhavan, President Droupadi Murmu administered the oath of office to Justice Bhushan Ramkrishna Gavai, who was formally sworn in as the 52nd Chief Justice of India (CJI) on Wednesday. The swearing-in marks a historic milestone in India’s judicial landscape, as Justice Gavai assumes leadership of the ...

THEBUSINESSBYTES BUREAU NEW DELHI, MAY 13, 2025 In a significant boost to economic sentiment, India’s retail inflation dipped to a near six-year low of 3.16 per cent in April, according to official data released on Monday. The sharp decline is largely attributed to easing prices of food items, particularly vegetables, fruits, and pulses, offering relief to households and signalling macroeconomic ...

THEBUSINESSBYTES BUREAU PURI, MAY 5, 2025 A spiritual and cultural storm has brewed over the naming of a newly consecrated Jagannath temple in Digha, West Bengal. Puri’s titular king and chairman of the Shree Jagannath Temple Managing Committee, Gajapati Maharaja Dibyasingha Deb, has strongly objected to the use of the term ‘Jagannath Dham’ for the Digha shrine, asserting that such ...

THEBUSINESSBYYTES BUREAU NEW DELHI, APRIL 30, 2025 As the financial year progresses into May, taxpayers across the country are racing to meet a series of important income tax deadlines that expire today, April 30. From the conclusion of the government’s ‘Vivad Se Vishwas’ dispute resolution scheme to critical tax declaration submissions, this day marks a significant checkpoint for compliance with ...

THEBUSINESSBYYTES BUREAU KOLKATA, APRIL 30, 2025 A devastating blaze tore through a six-storey budget hotel in the heart of Kolkata’s Burrabazar area on Tuesday night, transforming a modest lodging into a deadly trap of fire and smoke that left 14 people dead — including two children — and over a dozen severely injured. As the inferno raged through the building ...

THEBUSINESSBYTES BUREAU NEW DELHI, APRIL 22, 2025 As Earth Day 2025 casts global attention on the environmental challenges of our time, a stark warning emerges from one of India’s leading child welfare organizations: children, particularly those from marginalized communities, are bearing the heaviest burden of the climate crisis. Sumanta Kar, CEO of SOS Children’s Villages India, issued a powerful call ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, APRIL 14 In a vibrant celebration of Odisha’s rich cultural heritage, President Droupadi Murmu on Monday led the nation in extending warm greetings on the occasion of Pana Sankranti, also known as Maha Vishuba Sankranti — the traditional Odia New Year. Taking to social media platform X, President Murmu shared a heartfelt message: “On the occasion of ...

THEBUSINESSBYTES BUREAU NEW DELHI, APRIL 3, 2025 In a marginal yet symbolic move, the United States has revised the additional import tariff on Indian goods from 27 per cent to 26 per cent, as per a latest update from the White House. The revised duty will be effective from April 9, 2025. The announcement comes as part of a broader ...

THEBUSINESSBYTES BUREAU NEW DELHI, APRIL 2, 2025 The Government e-Marketplace (GeM) has achieved a major milestone by enabling the hiring of over 1 million manpower resources for government organizations in the fiscal year 2024-25. This milestone reinforces GeM’s role in revolutionizing public procurement through enhanced transparency, compliance, and efficiency. GeM’s manpower outsourcing service offers a streamlined solution for government buyers, ...

OUR SPECIAL CORRESPONDENT NEW DELHI, MARCH 30, 2025 On the sacred occasion of Chaitra Navratri, which commenced on Sunday, the revered Mata Vaishno Devi shrine in Katra, Jammu, has been magnificently adorned with flowers in the divine form of ‘Maa Gouri.’ This celestial floral decoration has transformed the holy sanctum into a radiant abode of devotion, enveloping devotees in a ...

THEBUSINESSBYTES BUREAU NEW DELHI, MARCH 28, 2025 The Centre’s fiscal deficit stood at 85.8 per cent of the annual target by the end of February 2025, as per the latest data released by the Controller General of Accounts (CGA) on Friday.   In absolute terms, the fiscal deficit — the shortfall between expenditure and revenue — was ₹13.46 lakh crore ...

THEBUSINESSBYTES BUREAU NEW DELHI, MARCH 27, 2025 In a landmark move to strengthen India’s energy security, the government has set an ambitious target of generating 100 gigawatts (GW) of nuclear energy by 2047. Union Minister of State (Independent Charge) for Science and Technology Jitendra Singh announced this in the Rajya Sabha on Thursday, highlighting that nuclear power is expected to ...

THEBUSINESSBYTES BUREAU NEW DELHI, MARCH 27, 2025 Union Finance Minister Nirmala Sitharaman met with US Chamber of Commerce President and CEO Suzanne Clark on Thursday to discuss the expanding business ties between India and the United States. The meeting, held in New Delhi, also included Atul Keshap, President of the US-India Business Council (USIBC). During the discussions, Sitharaman expressed India’s ...

THEBUSINESSBYTES BUREAU NEW DELHI, MARCH 27, 2025 The Government of India will raise Rs 8 lakh crore from the bond market in the first half of the upcoming financial year (April-September 2025), constituting 54% of its total annual market borrowing of Rs 14.82 lakh crore, as outlined in the Union Budget 2025-26. The Finance Ministry announced this borrowing plan on ...

THEBUSINESSBYTES BUREAU NEW DELHI, MARCH 26, 2025 Raising concerns over the growing health risks associated with ultra-processed foods (UPFs) and refined seed oils, BJP Member of Parliament Naveen Jindal on Wednesday urged the government to implement stricter food labelling laws and stronger regulatory measures. Speaking in Parliament, Jindal highlighted the rising cases of heart disease, diabetes, and obesity, which he ...

THEBUSINESSBYTES BUREAU NEW DELHI, MARCH 25, 2025 The much-anticipated Income Tax Bill, 2025, aimed at replacing the six-decade-old Income Tax Act, 1961, will be taken up for discussion in the Monsoon session of Parliament, Finance Minister Nirmala Sitharaman announced in the Lok Sabha on Tuesday. The proposed Bill seeks to simplify direct tax laws, eliminate ambiguities, and reduce tax disputes ...

THEBUSINESSBYTES BUREAU NEW DELHI, MARCH 20, 2025 In a landmark initiative to strengthen mental health care for the nation’s defense personnel, the Armed Forces Medical Services (AFMS) and the National Institute of Mental Health and Neurosciences (NIMHANS), Bengaluru, have signed a Memorandum of Understanding (MoU) to collaborate on research and training in the field of mental health. The agreement was ...

THEBUSINESSBYTES BUREAU NEW DELHI, MARCH 19, 2025 The President of India, Droupadi Murmu, on Wednesday underscored the transformative impact of artificial intelligence (AI) on the world, including journalism, while asserting that empathy will remain the defining factor that sets human journalists apart. She was speaking at the 19th Ramnath Goenka Excellence in Journalism Awards ceremony held in New Delhi. Highlighting ...

THEBUSINESSBYTES BUREAU NEW DELHI, MARCH 12, 2025 India’s retail inflation, measured by the Consumer Price Index (CPI), eased to a seven-month low of 3.61% in February, marking a significant decline of 0.65 percentage points from January’s inflation rate. This is the lowest level recorded since July 2024, primarily driven by falling food prices. According to official data, food inflation in ...

THEBUSINESSBYTES BUREAU NEW DELHI, MARCH 4, 2025 Obesity is a complex and multifactorial challenge that demands a comprehensive, collective effort for effective prevention and management, said Union Minister Dr. Jitendra Singh, at the ‘National Obesity Summit’ organized by the Confederation of Indian Industry (CII) on the occasion of  on Tuesday. Dr. Singh, who is also a Professor of Medicine and ...

THEBUSINESSBYTES BUREAU NEW DELHI, FEBRUARY 28, 2025 India’s economic growth gained momentum in the third quarter of 2024-25, with GDP expanding at 6.2 per cent, up from a revised 5.6 per cent in the previous quarter. The acceleration was driven by a surge in rural consumption, supported by a favorable monsoon, and a sharp rise in government spending on infrastructure ...

THEBUSINESSBYTES BUREAU NEW DELHI, FEBRUARY 28, 2025 In a significant boost to coal logistics, the Ministry of Coal has successfully expanded the Rail-Sea-Rail (RSR) mode of transportation, nearly doubling its coal movement from 28 million tonnes (MT) in FY22 to 54 MT in FY24. This achievement underscores the government’s commitment to enhancing multi-modal transport solutions for improved logistical efficiency and ...

THEBUSINESSBYTES BUREAU NEW DELHI, FEBRUARY 1, 2025 Goods and Services Tax (GST) collections for January soared 12.3% year-on-year to ₹1.96 lakh crore, driven by higher economic activity, according to official data released on Saturday. The revenue breakdown includes ₹1.47 lakh crore from domestic transactions and ₹48,382 crore from imports. This marks a significant uptick from December’s collections of ₹1.77 lakh ...

THEBUSINESSBYTES BUREAU NEW DELHI, FEBRUARY 1, 2025 The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman under the Modi 3.0 government on Saturday, charts a path for accelerated economic growth while maintaining fiscal discipline. With a strong focus on inclusive development, the budget seeks to boost private sector investments, enhance the spending power of India’s growing middle class, and ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 29, 2025 The successful launch of the GSLV-F15/NVS-02 Mission from Sriharikota on Wednesday marks a historic milestone for the Indian Space Research Organisation (ISRO), as it completes its 100th mission. Union Minister of State for Space Dr. Jitendra Singh hailed the achievement as a “quantum leap” in India’s space journey, reflecting the nation’s accelerated progress ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, JANUARY 28, 2025 Prime Minister Narendra Modi inaugurated the two-day Utkarsh Odisha – Make in Odisha Conclave 2025 and the Make in Odisha Exhibition in Bhubaneswar on Tuesday, marking a significant milestone in the state’s development journey. In his address, PM Modi underlined the crucial role of eastern India, particularly Odisha, as a growth engine in India’s ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, JANUARY 26, 2025 The Governor of Odisha, Hari Babu Kambhampati, led the state-level Republic Day celebrations by unfurling the national flag at Mahatma Gandhi Marg in Bhubaneswar on Sunday. The event, marked by grandeur and patriotic fervor, featured an impressive parade and cultural performances that drew a large audience. Governor Kambhampati took the salute from 43 marching ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 26, 2025 President of India, Droupadi Murmu, presided over the 76th Republic Day celebrations at Kartavya Path, New Delhi, marking a vibrant and historic commemoration of the nation’s unity and progress. Accompanied by Indonesian President Prabowo Subianto, this year’s Chief Guest, the event highlighted cultural diversity, military strength, and 75 years of the Constitution’s enactment. ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, JANUARY 9, 2025 In a landmark event coinciding with the 18th Pravasi Bharatiya Divas convention, Dr. Rekha Chaturvedi, an eminent author and academician, released her profound work, “Fiji Mein Bhartiyon Ka Itihas Tatha Unka Jeevan (1879 – 1947)” [(The Life and History of Indians in Fiji (1879 – 1947)]. Based on her PhD research, the book was ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 4, 2025 The Ministry of Coal has announced a landmark achievement in coal production and dispatch for the calendar year 2024, setting new records and reinforcing India’s progress toward energy security and self-reliance under the vision of Atmanirbhar Bharat. Provisional data reveals that coal production soared to an unprecedented 1,039.59 million tonnes (MT) in 2024, ...