New Delhi, August 15, 2026: The Associated Chambers of Commerce and Industry of India (Assocham) has welcomed Prime Minister Narendra Modi’s Independence Day message, saying his vision for India’s development has given the business community greater confidence about the country’s economic future. Assocham said the Prime Minister’s emphasis on self-reliance, manufacturing, technology, infrastructure and innovation provides a clear direction for Indian industry as the country…
India’s Wholesale Inflation Climbs to 9.78% in July
New Delhi, August 15, 2026: India’s wholesale price inflation rose to 9.78 per cent in July, reflecting a sharp increase in wholesale prices during the month and adding to concerns over cost pressures across the economy. The latest Wholesale Price Index (WPI) data point to higher price pressures at the wholesale level, with movements in key commodity groups influencing the overall inflation reading. The increase…
Technology-Driven Logistics Key to Building Viksit Bharat: Piyush Goyal
New Delhi, August 15, 2026: Commerce and Industry Minister Piyush Goyal has underlined the importance of technology in making India’s logistics network faster, more efficient and globally competitive, calling it a critical component of the country’s Viksit Bharat ambition. Speaking at an event in New Delhi, Goyal said digital technologies can help reduce delays, improve supply-chain visibility and bring down logistics costs for businesses. He…
Chandigarh Pioneers Digital Rupee-Based Food Subsidy Transfers
Chandigarh, August 15, 2026: The government has taken a new step towards digitising welfare delivery with the launch of a Central Bank Digital Currency (CBDC)-based Direct Benefit Transfer (DBT) system for food subsidies under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) in Chandigarh. Union Agriculture Minister Shivraj Singh Chouhan launched the initiative on Friday. Under the new system, eligible beneficiaries will receive their food…
India’s Forex Reserves Jump $14.1 Billion, Cross $707 Billion
Mumbai, August 15, 2026: India’s foreign exchange reserves surged by $14.136 billion in the week ended August 7, taking the country’s total reserves past the $707 billion mark, according to data released by the Reserve Bank of India (RBI). The sharp weekly increase was led by a rise in foreign currency assets (FCAs), which grew by nearly $9.95 billion to $574.63 billion. Gold reserves also…
Telangana to Court Global Investors at ‘Invest Telangana’ Summit in December
Hyderabad, August 15, 2026: Telangana is getting ready to make a fresh pitch to investors as it hosts the Telangana Rising Global Summit 2.0 from December 7 to 9. This year’s event will carry a clear message — “Invest Telangana” — as the state looks to attract new businesses, capital and jobs. The summit will bring together investors, industry leaders and policymakers, with the government…
Government Cuts Export Duties on Petrol, Diesel and ATF
New Delhi, August 15, 2026: The Centre has reduced export duties on petrol, diesel and aviation turbine fuel (ATF), with the revised rates coming into effect from Saturday. The move follows the government’s latest fortnightly review of petroleum product export levies. Under the revised structure, the export duty on petrol has been brought down to zero from ₹3.50 per litre. The levy on diesel has…
FM Sitharaman Meets 86 PM Internship Scheme Interns, Highlights Pathways to Jobs
New Delhi, August 15, 2026: Union Finance and Corporate Affairs Minister Nirmala Sitharaman interacted with 86 interns from 24 partner companies under the Prime Minister Internship Scheme (PMIS), discussing their workplace experiences, skills gained and career aspirations. The interaction highlighted how industry exposure is helping young people move beyond classroom learning and develop practical, job-ready skills. Several interns who performed well during their assignments have…
NMDC Reports Strong Q1 FY27 Performance, Revenue Soars to 6,795 crores
Hyderabad, 15th August, 2026: NMDC, India’s largest iron ore producer, today announced its Q1 FY27 financial results. In the first quarter of FY27, the company produced 15.12 MT of iron ore, registering a 26% increase from 11.99 MT in Q1 FY26. Sales stood at 11.73 MT, compared with 11.52 MT in the corresponding quarter of the previous year, marking a year-on-year growth of 2%.…
Nifty, Sensex End Week Lower as Rising Crude Prices Pressure Markets
Mumbai, August 15, 2026: Indian equity markets ended the week on a weaker note, with the Nifty 50 declining 0.8% to 24,366 and the BSE Sensex falling 0.6% to 78,009.25. The decline ended a two-week run of gains for both benchmark indices. Rising crude oil prices emerged as a key concern for investors, with Brent crude climbing about 4.6% to around $87 a barrel amid…