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India’s forex reserves surge by $10.512 billion to $692.866 billion: RBI

Aug 7, 2026

Mumbai, Aug 7 (IANS) India's foreign exchange reserves surged by $10.512 billion to $692.866 billion for the week ended July 31, extending their upward trend, according to data released by the Reserve Bank of India (RBI) on Friday.The latest surge follows a forex gain of $6.118 billion for the week ended July 24.The value of gold reserves increased…

International partnerships to accelerate development of ‘Third Mumbai’: CM Fadnavis

Aug 7, 2026

Mumbai, Aug 7 (IANS) Chief Minister Devendra Fadnavis on Friday said that the Mumbai Metropolitan Region (MMR) is set to undergo a major transformation into a world-class urban hub, with international strategic partnerships giving a major…

Business

NITI Aayog’s new index to help foreign firms pick right state to invest in India

Aug 7, 2026

New Delhi, Aug 7 (IANS) NITI Aayog’s new Investment Friendliness Index provides a comparison of India’s states and Union Territories in the quality of infrastructure, business climate, regulation, institutions and skills, which is expected…

Business

AI, machine learning emerge as top technologies among 74 pc of deep-tech startups: Nasscom

Aug 7, 2026

New Delhi, Aug 7 (IANS) Artificial intelligence and machine learning were the most widely adopted technologies among applicants, used by 74 per cent of the startups, Nasscom said on Friday as it announced its list of ten of India’s most…

Business

SBI moving entire cheque processing to AI, aims to free up workforce for higher-value roles:…

Aug 7, 2026

Mumbai, Aug 7 (IANS) State Bank of India (SBI) is accelerating the adoption of artificial intelligence across its operations, with the country's largest lender planning to shift its entire cheque processing system to AI in a move aimed at…

Business

India’s auto sector posts record 3.28 lakh EV retail sales in July: FADA

Aug 7, 2026

New Delhi, Aug 7 (IANS) India's electric vehicle (EV) transition hit a new milestone in July as retail sales touched an all-time high of 3,27,901 units, up more than 66 per cent year-on-year, according to data released by the Federation of…

Business

SUVs account for two in three of cars sold in India in FY26; CV sales surge 12.5 pc

Aug 7, 2026

New Delhi, Aug 7 (IANS) India’s passenger vehicle sales rebounded sharply in FY2026, with SUVs now accounting for two in three cars sold and commercial vehicle sales up 12.5 per cent, a report has said.The report from Rubix Data Sciences…

Business

JK Tyre Q1 profit plunges 73 pc to Rs 44 crore; shares fall nearly 6 pc

Aug 7, 2026

Mumbai, Aug 7 (IANS) JK Tyre & Industries on Friday reported a 73 per cent decline in earnings for the first quarter of FY27, as higher raw material costs amid the continuing West Asia crisis weighed heavily on profitability despite…

Business

Parliament passes MSME Amendment Bill

Aug 7, 2026

New Delhi, Aug 7 (IANS) Parliament has approved the Micro, Small and Medium Enterprises Development (Amendment) Bill 2026, aimed at addressing payment delays faced by MSMEs and simplifying dispute resolution, with the Lok Sabha passing the…

Business

India’s digital lending market grows 13-fold in 5 years, set to capture 21 pc of personal loans by…

Aug 7, 2026

New Delhi, Aug 7 (IANS) India’s digital lending market has grown nearly 13 times in five years and is expected to account for 20 to 21 per cent of all personal loan sanctions by FY2031, a report said on Friday. The digital lending market…

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