The Cabinet Committee on Economic Affairs, chaired by Narendra Modi, has approved a subsidy outlay of ₹41,534 crore for phosphatic and potassic (P&K) fertilisers for the upcoming kharif 2026 season. The allocation marks an increase of around 12% compared to the previous year, with an additional ₹4,317 crore…
Efforts to reunite unclaimed financial assets with their rightful owners have gathered pace, with a notable surge in payouts reported in recent months, according to the Reserve Bank of India (RBI). Significant Jump in Monthly Payouts The central bank highlighted that average monthly reimbursements of unclaimed deposits have…
India’s food safety landscape saw a marked improvement in FY 2025–26, driven by enhanced enforcement and compliance efforts led by the Food Safety and Standards Authority of India (FSSAI) in collaboration with state food safety authorities. Increased Inspections and Testing During the year, authorities carried out nearly 3.97…
The Government of India has introduced a set of relief measures for domestic airlines, including a 25% reduction in landing and parking charges at airports. The move is aimed at easing cost pressures faced by carriers due to rising global fuel prices and ongoing geopolitical tensions in West…
Bosch Limited has announced its intention to strengthen its presence in the mobility space by acquiring the entire stake in Bosch Chassis Systems India Private Limited. The proposed transaction involves a mix of cash consideration and issuance of equity shares through a preferential allotment route, reflecting Bosch’s strategic…
Digital lending platform KreditBee has entered the unicorn league after successfully raising $280 million in its Series E funding round, marking a significant milestone in its growth journey. The round saw participation from leading investors, including Motilal Oswal Alternates, Hornbill Capital, and MUFG-backed Dragon Funds. Additional backing came…
Bank customers across multiple Indian states are checking branch operations on April 9, 2026, as legislative assembly elections are being conducted in select regions. Election-related activities often lead to temporary and location-specific bank closures, depending on polling schedules. While the Reserve Bank of India (RBI) provides a general…
NTPC Limited has entered into a strategic collaboration with France-based Électricité de France (EDF) to explore opportunities in nuclear power development. The non-binding Memorandum of Understanding (MoU) underscores NTPC’s efforts to diversify its energy portfolio and accelerate its transition toward cleaner and more sustainable power sources. Evaluating Nuclear…
The Cabinet Committee on Economic Affairs has approved a substantial revision in the cost of the HPCL Rajasthan Refinery Limited (HRRL) project, increasing it from ₹43,129 crore to ₹79,459 crore. Additionally, Hindustan Petroleum Corporation Limited (HPCL) has received approval for an extra equity infusion of ₹8,962 crore, taking…
Gold and silver prices in India witnessed a marginal decline in early trade on Thursday, April 9, 2026. As of 09:45 AM (IST), gold was trading at ₹151,570 per 10 grams, registering a fall of ₹220 (0.14%) compared to the previous session. Silver prices also moved lower, with…
