New Delhi, Aug 7 (IANS) The Centre’s Department of Food and Public Distribution has notified an amendment to the Vegetable Oil Products, Production and Availability (Regulation) Order, 2011, which was originally issued under the Essential Commodities Act, 1955, following the repeal of earlier regulations by the Food Safety and Standards Act, 2006.The amendment enhances transparency, facilitates better market intelligence, and supports evidence-based policymaking. This will enable closer monito…

New Delhi, Aug 7 (IANS) Demand for office spaces in India’s top six cities reached a record high as vacancy levels dropped to 13.9 per cent as of March 2025, a report said on Thursday.The demand is driven by the leasing needs of Global Capability Centres (GCCs), banking, financial services and insurance (BFSI) institutions, flex-space operators, and domestic Information Technology Business Process Outsourcing (IT-BPO) firms.Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai Metropolitan Region (MM…

Chennai, Aug 7 (IANS) Tirupur’s garment exporters have expressed deep concern over the US’ recent decision to impose an additional 25 per cent tariff on Indian goods, effectively increasing the total export duty to 50 per cent. Industry leaders fear that this move could severely dent the export potential of India’s knitwear hub, with projected losses estimated at around Rs 12,000 crore. K.M. Subramanian, President of the Tirupur Exporters’ Association (TEA), said the sharp increase in duties wil…

Mumbai, Aug 7 (IANS) The Indian stock market settled slightly up on Thursday after witnessing a highly volatile session, sidelining the US President Donald Trump’s fresh tariff jitters.However, stocks from textiles, jewellery and auto ancillaries sectors, which have export exposures to the US, remained under pressure, but a rebound in banking, FMCG and IT stocks turned the market positive in the late session.Sensex settled at 80,623.26, up 79.27 points or 0.10 per cent. The 30-share index starte…

Mumbai, Aug 7 (IANS) Murugappa Group’s engineering company Carborundum Universal Limited on Thursday reported a sharp 47.4 per cent decline in net profit for the April–June quarter (Q1 FY26), falling to Rs 60.39 crore compared to Rs 114.84 crore in the same quarter previous year (Q1 FY25).The disappointing results led to a 3.51 per cent drop in the company’s stock on Thursday, with shares closed at Rs 854. Carborundum Universal shares are now down over 13 per cent over the past month.Despite…

New Delhi, Aug 7 (IANS) The Airports Authority of India (AAI) and public-private partnerships have incurred a capital expenditure (capex) of more than Rs 96,000 crore during FY 2019-20 to FY 2024-25 on the development, upgradation, and modernisation of airports in the country to keep pace with the growth in air traffic, the Parliament was informed on Thursday.This includes the AAI’s share of more than Rs 25,000 crore and the remaining by private airport developers. The AAI incurs capital expendi…

New Delhi, Aug 7 (IANS) More than 1.3 lakh foreign tourists visited India for medical purposes till April, the Centre informed the Parliament on Thursday.In a written reply, Union Minister for Tourism and Culture Gajendra Singh Shekhawat underlined the steps undertaken to improve India’s rank in global wellness tourism markets.“The total number of Foreign Tourist Arrivals (FTAs) for medical purposes in India during 2025 (up to April) is 1,31,856,” Shekhawat said.“This constitutes approxi…

Mumbai, Aug 7 (IANS) Bajaj Electricals’ net profit for the first quarter of the current financial year (Q1 FY26) stood at just 1.64 crore, plunging over 97 per cent sequentially and 94 per cent year-on-year, according to an exchange filing on Thursday.The consumer durable arm of Bajaj Group had posted a net profit of Rs 57.69 crore in the preceding quarter (Q4 FY25), while in the same quarter a year ago, the net profit stood at Rs 27.98 crore.Meanwhile, the revenue for the quarter under review o…

Mumbai, Aug 7 (IANS) Life sciences company Hikal Limited on Thursday reported a net loss of Rs 22.4 crore for the quarter ended June 30 (Q1 FY26) — marking a sharp reversal from a net profit of Rs 5.1 crore in the same period previous year (Q1 FY25).The Mumbai-based company’s revenue from operations dropped by 6.5 per cent to Rs 380.4 crore, down from Rs 406.8 crore in Q1 FY25, according to its stock exchange.On a sequential basis, revenue also fell from Rs 552.4 crore reported in the previou…

New Delhi, Aug 7 (IANS) India’s electronics exports witnessed a sharp rise in the first quarter of FY26, with a 47 per cent year-on-year growth led by a strong performance in mobile phone exports, industry data showed on Thursday.According to data compiled by the India Cellular and Electronics Association (ICEA), electronics exports reached $12.4 billion in Q1 FY26, up from $8.43 billion in the same period last year.With this momentum, the industry body projects that electronics exports are ex…