New Delhi, June 8 (IANS) Virginia Tourism Corporation is stepping up engagement with India’s travel trade to boost overnight stays and visitor spending after India became the US state’s second‑largest international source market and its largest overseas market, a new report has said.Preliminary estimates showed that Virginia welcomed just over 65,000 Indian visitors in 2025, generating about $112 million in visitor spending. In 2024, the state recorded over 69,000 Indian arrivals and rough…

New Delhi, June 8 (IANS) Vedanta Resources has run into a credibility test in the US listing of its copper business, with auditors flagging concerns over the financial viability of its main asset, which has been piling up losses, according to a regulatory filing.The mining group has filed for an initial public offering (IPO) of CopperTech Metals Inc, a US-domiciled entity that owns and operates Vedanta’s Zambian copper mines and is expected to list on the New York Stock Exchange under the tick…

New Delhi, June 8 (IANS) The Reserve Bank of India’s decision to reinvigorate Foreign Currency Non-Resident (Bank) or FCNR-B deposits could pave the way for fresh long-term foreign exchange inflows, according to a report.Jefferies, in its report, said that the renewed focus on FCNR-B deposits is aimed at mobilising funds from non-resident Indians for a tenure of 3–5 years, potentially opening a stable channel of forex inflows into the country’s banking system.It noted that the initiative d…

Mumbai, June 8 (IANS) Indian equity markets ended sharply lower on Monday as escalating tensions in West Asia triggered a risk-off sentiment across global markets, leading to a sell-off in domestic equities amid a spike in crude oil prices.The benchmark index Sensex declined 719.08 points, or 0.97 per cent, to close at 73,524.26, tracking weakness in global equities and rising geopolitical uncertainty.Similarly, the 50-share Nifty index fell 243.70 points, or 1.04 per cent, to settle at 23,123. …

New Delhi, June 8 (IANS) BMW Group India on Monday announced that it will increase prices by up to 2 per cent across its entire range of BMW and MINI vehicles starting 1 July 2026, citing macroeconomic pressures including rupee depreciation and rising logistics costs.The company said the price revision will apply to both locally produced models and completely built-up (CBU) units sold in the Indian market.Locally manufactured vehicles include popular models such as the BMW 2 Series Gran Coupe, 3…

New Delhi, June 8 (IANS) State Bank of India (SBI), the country’s largest lender, on Monday presented a dividend cheque of Rs 8,813 crore to the Central government for the financial year 2025-26.The dividend cheque was handed over to Union Finance Minister Nirmala Sitharaman by SBI Chairman C.S. Setty.The Finance Minister’s Office shared the development on social media platform X, stating that FM Sitharaman received the dividend cheque from the SBI Chairman.“Finance Minister Nirmala Sitharaman…

New Delhi, June 8 (IANS) India recorded 58.86 lakh cognisable crimes in 2024, down 6 per cent from the previous year with the all-India crime rate falling from 448.3 to 418.9 per lakh population, a report said on Monday.The report from SBI Research said crimes against women declined 1.5 per cent, from 4.48 lakh cases in 2023 to 4.41 lakh in 2024, but cybercrime rose 17 per cent, crossing 1 lakh cases from 86,420 in 2023. The report attributed the overall decline in conventional crime to stronger…

New Delhi, June 8 (IANS) India’s clean industrial investment pipeline has reached an estimated $433.07 billion, with the country emerging as the world’s third-largest hub for clean industrial projects, a report said on Monday.According to Mission Possible Partnership’s latest Global Project Tracker, India now ranks third globally in terms of clean industrial project pipeline by number of projects, behind China and the United States.The pipeline spans 65 projects across four sectors and 11 …

New Delhi, June 8 (IANS) US-based technology giant Apple is expected to unveil a series of artificial intelligence (AI)-focused updates and new software capabilities as its annual Worldwide Developers Conference (WWDC) begins on Monday, according to multiple reports.The conference — which traditionally focuses on software and developer tools rather than hardware launches — is likely to provide insights into Apple’s evolving AI strategy as the company seeks to catch up with rivals in the rapidl…

New Delhi, June 8 (IANS) India’s electronics manufacturing services (EMS) market could exceed $150 billion by FY30, and is at a critical inflection point, a report said on Monday.A report by KPMG in India showed that the EMS market has grown rapidly from roughly $10–12 billion in FY20 to $40–45 billion in FY25. The sector’s rapid expansion was driven by domestic demand, policy support and China+1 strategies, it said.However, it now faces a “scale without depth” paradox that limits valu…