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India’s GDP growth projected at 6.7 pc in FY27, RBI to hold rates this fiscal: Morgan Stanley

May 13, 2026

New Delhi, May 13 (IANS) Morgan Stanley economists said on Wednesday they forecast India’s real GDP growth at 6.7 per cent in FY27 and 7 per cent for FY28 amid geo-political tensions, adding that the RBI policy measures would likely remain supportive to minimise damage to growth.The West Asia energy shock is most pronounced in quarter ending June…

Zoho announces Rs 70 crore investment in ONDC

May 13, 2026

New Delhi, May 13 (IANS) Zoho Corporation on Wednesday announced an investment of Rs 70 crore in Open Network for Digital Commerce (ONDC) to support the development of sovereign technology and strengthen India’s digital public…

Business

S. Korean economy projected to expand 2.5 pc in 2026 over chips

May 13, 2026

Seoul, May 13 (IANS) The South Korean economy is projected to expand 2.5 per cent in 2026, supported by strong growth in the semiconductor industry and a recovery in domestic consumption, a state-run think tank said on Wednesday.The Korea…

Business

Import duty hike on precious metals aimed at strengthening India’s economic resilience

May 13, 2026

New Delhi, May 13 (IANS) The increase in import duty on precious metals is a part of a broader strategy aimed at conserving foreign exchange, protecting the current account, prioritising essential imports, and strengthening India’s economic…

Business

Indian stock markets open flat amid mixed global cues, lower oil prices

May 13, 2026

Mumbai, May 13 (IANS) Domestic equity markets opened flat on Wednesday amid mixed global cues and a decline in oil prices.Sensex was trading at 74,567, up 8 points or 0.01 per cent, while the Nifty was at 23,387, gaining 8 points or 0.03…

Business

Gold, silver prices surge up to 8 pc after import duty hike

May 13, 2026

Mumbai, May 13 (IANS) Gold and silver prices on Wednesday witnessed a sharp surge of up to 8 per cent after the government more than doubled the import duty on precious metals.On the Multi Commodity Exchange (MCX), gold futures (June 5)…

Business

Samsung Electronics’ labour talks break down, raising fears of major strike

May 13, 2026

Seoul, May 13 (IANS) Samsung Electronics and its labour union failed to reach a wage agreement on Wednesday, raising concerns over a major strike later this month that could disrupt operations at the world's largest memory chipmaker.The…

Business

Emergency Credit Scheme Offers Limited Relief to Micro and Small MSMEs: Kapil Sadh, Exporter

May 13, 2026

The Government’s recently introduced “Emergency Credit Scheme” for MSMEs is being promoted as a significant support measure for small businesses, but industry voices from the ground suggest that its actual benefits for micro and small…

Business

Home Ministry, RBI agencies sign MoU for AI-driven detection of mule accounts

May 12, 2026

New Delhi, May 12 (IANS) Looking to strengthen the fight against cyber frauds, the Union Home Ministry’s Indian Cyber Crime Coordination Centre (I4C) and Reserve Bank Innovation Hub (RBIH) signed a Memorandum of Understanding (MoU) for…

Business

India agrees to supply fertiliser as Nepal faces shortage

May 12, 2026

New Delhi, May 12 (IANS) India will be supplying fertiliser to Nepal as a request has been received from Kathmandu amid the supply disruptions that the Himalayan country is facing due to the West Asian conflict, Ministry of External Affairs…

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