New Delhi, Feb 3 (IANS) Adani Defence & Aerospace Director Jeet Adani on Tuesday said that defence will emerge as a major and strategically important segment for the Adani Group, as the company strengthens its presence in aerospace, manufacturing, and localisation.Speaking to reporters in the national capital, Jeet Adani said the group is not looking at its operations in silos such as aerospace or MRO alone, but is approaching defence as a comprehensive sector.While he refrained from making …
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New Delhi, Feb 3 (IANS) Leading industry chambers on Tuesday said the India-US trade deal will enhance the global competitiveness of Indian products while catalysing manufacturing growth, employment creation and the development of resilient supply chains.The US has immediately reduced reciprocal tariff on Indian goods from 25 per cent to 18 per cent, while waiving off the other 25 per cent tariffs imposed on the country for purchasing Russian oil.“The expected reduction of US-India tariffs to …
Chennai, Feb 3 (IANS) Tamil Nadu BJP spokesperson A.N.S. Prasad on Tuesday welcomed the landmark India-US trade understanding announced after a telephonic conversation between Prime Minister Narendra Modi and US President Donald Trump, describing it as a decisive moment that will reshape global trade dynamics and significantly strengthen bilateral relations between the world’s two largest democracies. In a statement, Prasad said the agreement to slash US tariffs on Indian goods — from levels …
New Delhi, Feb 2 (IANS) The Union Budget 2026–27 reinforces fiscal discipline while supporting sustained economic growth, with industry partnership playing a key role in India’s progress, Anuradha Thakur, Secretary, Department of Economic Affairs, said on Monday. Addressing a post-Budget interactive session organised by the Confederation of Indian Industry (CII) here, she said India’s economy has shown strong resilience despite global uncertainties, supported by a stable financial system t…
New Delhi, Feb 2 (IANS) Trade in goods and services between Finland and India currently stands at around 3 billion euros and could double by 2032, driven by the benefits of the recently concluded EU-India Free Trade Agreement (FTA), Finland’s Ambassador to India, Kimmo Lahdevirta, said on Monday.Speaking to IANS, Ambassador Lahdevirta described the EU-India FTA as a historic milestone, calling it the largest trade deal ever concluded by either the European Union or India.“Trade in goods and …
New Delhi, Feb 2 (IANS) A likely boost to capex, services sector growth and AI in the Union Budget, along with slightly slower than expected fiscal consolidation, will likely support FY27 earnings, further helped by increased demand for equities through buybacks, Morgan Stanley has said.The Budget balances debt-to-GDP reduction with slow fiscal consolidation and support for growth through both cyclical and structural measures.“We remain constructive on Indian equities – Overweight Financials…
New Delhi, Feb 1 (IANS) The FICCI Ladies Organisation (FLO), an apex body of businesswomen, on Sunday welcomed the Union Budget 2026, and called it a women-centric and MSME-led growth agenda.The Budget was presented by the Union Finance Minister Nirmala Sitharaman in the Parliament.Poonam Sharma, President of FLO, said that the Budget sends a clear and confident signal of continuity, credibility, and conviction.“It balances fiscal discipline with inclusive growth, and places women, MSMEs, and …
New Delhi, Feb 1 (IANS) Union Road Transport & Highways Minister Nitin Gadkari on Sunday welcomed the infrastructure push in the Union Budget 2026-27, saying these initiatives reflect a vision that infrastructure is “an enabler of resilience, opportunity, and global competitiveness”.He said that these new announcements place infrastructure at the centre of India’s journey towards the resolution of a Viksit Bharat by 2047.Finance Minister Nirmala Sitharaman announced a powerful thrust on infr…
New Delhi, Feb 1 (IANS) Presenting the Budget for 2026-27 on Sunday, Union Finance Minister Nirmala Sitharaman proposed a dedicated freight corridor connecting Surat in Gujarat and Dankuni in West Bengal. The new freight corridor will establish a direct link between the two states, setting up new corridors for logistics and freight movement.The Finance Minister also proposed to operationalise 20 new national waterways over the next five years, to promote an environmentally sustainable route for …
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Sunday announced a Rs 10,000 crore outlay for the Bio Pharma Shakti scheme for biologics and biosimilar drugs to make India a global bio-pharma hub.Presenting the Budget 2026-27, she said these bio medicines would help the country tackle the growing burden of non-communicable diseases like diabetes.The Finance Minister also said that the government would create 1 lakh Allied Health Professionals (AHPs) in 10 disciplines like optometr…