New Delhi, May 10 (IANS) India’s private capital expenditure recorded a sharp 67 per cent jump to Rs 7.7 lakh crore in September 2025, signalling the strongest revival in the country’s investment cycle in more than a decade, according to the Confederation of Indian Industry (CII) on Sunday.The industry body said private capex had risen significantly from Rs 4.6 lakh crore in September 2024.CII’s analysis of nearly 1,200 companies from the CMIE Prowess database showed that manufacturing acc…
Latest West Asia crisis News & Updates
New Delhi, May 9 (IANS) PHD Chamber of Commerce and Industry (PHDCCI) on Saturday welcomed the government’s decision to approve a Rs 5,000 crore emergency credit support scheme for airlines under ‘ECLGS 5.0’ to address the financial and operational stress arising from the ongoing West Asia crisis.Rajeev Juneja, President, PHDCCI, said, “The Government’s swift intervention through the Rs 5,000 crore emergency credit scheme demonstrates strong policy responsiveness towards one of the most cr…
Hyderabad, May 8 (IANS) Telangana Chief Minister A. Revanth Reddy on Friday announced that the state government will bear the additional financial burden faced by Hajj pilgrims this year due to enhanced air fares. Flagging off buses carrying Hajj pilgrims at the Hajj House, the Chief Minister said that fuel prices had increased due to the prevailing crisis in West Asia and, consequently, air travel fares had also increased.Hajj 2026 pilgrims are facing an additional Rs 10,000 charge, prima…
New Delhi, May 6 (IANS) The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 will help preserve industrial continuity, jobs and strengthen liquidity access for businesses, particularly micro, small and medium enterprises (MSMEs), industry chambers said on Wednesday.Rajeev Juneja, President, PHDCCI, welcomed the scheme as a timely initiative to address pressures from the ongoing West Asia crisis.”ECLGS is designed to address temporary liquidity shortages faced by industries during periods of ec…
New Delhi, May 5 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the launch of the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0, aimed at providing crucial financial support to businesses impacted by the ongoing West Asia crisis.Under the new phase of the scheme, the government will extend enhanced credit guarantee coverage through the National Credit Guarantee Trustee Company Limited (NCGTC).The scheme offers 100 per cent guarantee coverage for micro…
New Delhi, April 30 (IANS) AIMIM chief Asaduddin Owaisi on Thursday criticised a fresh circular issued by the Haj Committee of India that asks pilgrims to pay an additional Rs 10,000 as differential airfare, citing the ongoing crisis in West Asia, and demanded that the directive be withdrawn with refunds issued to those affected.He pointed out that the extra charge is being imposed after an amount of Rs 90,844 per pilgrim has already been collected from those departing from Mumbai, raising conce…
Abu Dhabi/New Delhi, April 29 (IANS) The bilateral partnership between India and the United Arab Emirates (UAE) is likely to deepen, reflecting strong alignment and shared understanding amid the West Asia crisis. This growing trust is also evident in the recent official remarks of Emirati leadership, a report said on Wednesday.The UAE Ambassador to India, Abdulnasser Alshaali, during the tensions in West Asia noted that Indians in the UAE are “considered family by the leadership of this countr…
New Delhi, April 28 (IANS) Indian airlines are likely to take a call on capacity cuts after the next ATF revision, as a sharp increase in jet fuel prices could force them to rationalise operations, particularly on less profitable routes, according to a report on Tuesday.Domestic carriers are in a wait-and-watch mode as they assess the impact of rising Aviation Turbine Fuel (ATF) prices and prepare for possible changes following the next price revision due in May, NDTV Profit reported.The report …
Mumbai, April 26 (IANS) The combined market valuation of seven of India’s top-10 most valued companies eroded by over Rs 2 lakh crore last week, with Reliance Industries and Tata Consultancy Services (TCS) emerging as the biggest laggards.The downturn came in line with a bearish trend on Dalal Street, where the Sensex plunged 1,829.33 points, or 2.33 per cent, while the Nifty declined 455.6 points, or 1.87 per cent during the week.Market sentiment remained under pressure after two consecutive …
Mumbai, April 16 (IANS) The Reserve Bank of India (RBI) on Thursday announced it will conduct a Rs 2 lakh crore seven-day variable rate reverse repo (VRRR) auction on April 17 to manage surplus liquidity in the banking system.In a notification, the central bank said the decision comes in view of the prevailing transient surplus liquidity conditions.The auction will be held between 9:30 am and 10:00 am on Friday, with funds scheduled to be reversed on April 24.The move is aimed at absorbing exces…