iPhone Exports from India to US Surge 76% in April, Reaching 3 Million Units

New Delhi: As Apple intensifies its manufacturing operations in India, iPhone exports from the country to the United States surged by 76% year-on-year in April, reaching nearly 3 million units, according to a new report.

Market research firm…

Centre Eases Export Norms for Leather Industry to Boost Business

New Delhi: In a major push to enhance ease of doing business for leather exporters, the Directorate General of Foreign Trade (DGFT) on Monday issued a notification removing key procedural restrictions on the export of value-added leather products.

Indian Stock Market Opens Higher; Sensex Jumps 640 Points

Mumbai – Indian stock markets opened on a strong note Monday, buoyed by investor optimism following news that India has climbed to the fourth position in the global economic rankings.

As of 9:32 a.m., the BSE Sensex surged 640.3 points, or…

Finance Ministry holds high-level meeting to expedite recovery of debt

New Delhi: The Department of Financial Services (DFS), under the Ministry of Finance, has urged all stakeholders to collaborate in reducing pendency of debt cases by establishing effective recovery ecosystem. 

This would facilitate the redeployment…

India's Domestic Air Passenger Traffic Hits 16.54 Crore in FY25

New Delhi – India's domestic air passenger traffic rose to 16.54 crore in FY25, reflecting a year-on-year (YoY) growth of 7.6 per cent and a significant 16.8 per cent increase compared to the pre-Covid level of 14.15 crore in FY20, according to…

Gokaldas Exports Q4 Profit Rises Despite Higher Expenses

Mumbai: Gokaldas Exports Limited, a leading apparel manufacturer and exporter, reported a robust performance for the fourth quarter (Q4) of FY25, with consolidated net profit rising 19.3% year-on-year (YoY) to ?52.86 crore, up from ?44.28 crore in…

Foxconn Commits Additional $1.5 Billion Investment to Expand Operations in India

New Delhi – Taiwanese tech giant Foxconn has announced a fresh investment of $1.5 billion to expand its footprint in India, as the Apple supplier continues to diversify its supply chain away from China.

The investment comes through Foxconn’s…

Airtel Offers 100GB Google One Cloud Storage Free for 6 Months to Customers in India

New Delhi – Bharti Airtel has teamed up with Google to offer its customers 100GB of free cloud storage through Google One for six months, aiming to help users tackle the growing issue of limited device storage.

The offer is available to all…

Indian rupee opens stronger, gold prices show upward trend

New Delhi (IANS) The Indian rupee opened 12 paise stronger at 85.44 against the US dollar on Monday, amid a backdrop of global economic developments and market reactions. 

The Indian rupee closed at 85.52 a dollar on Friday.

Meanwhile,…

Restrictions on Bangladesh RMG Imports to Boost Indian Apparel Industry: CITI

New Delhi – The Confederation of Indian Textile Industry (CITI) has welcomed the government’s decision to restrict the import of all types of readymade garments (RMG) from Bangladesh through land ports, stating it will raise import costs and open…