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RBI Absorbs Rs 2.23 Lakh Cr From Banking System Through VRRR Auction

New Delhi, Sept. 19 -- The Reserve Bank of India (RBI) absorbed Rs 2.23 lakh crore from the banking system on Friday through a variable rate reverse repo (VRRR) auction as surplus liquidity remained e... Read More


India's Outward FDI Commitments Rise 23.3% To USD 3.8 Bn In August: RBI

New Delhi, Sept. 19 -- India's outward foreign direct investment (FDI) commitments rose 23.3 per cent year-on-year to USD 3.8 billion in August 2026 from USD 3.11 billion a year earlier, according to ... Read More


Semiconductor Expansion Drives MSME Precision Manufacturing, Rs 2,000 Cr Component Exports: Vaishnaw

New Delhi, Sept. 19 -- India's semiconductor expansion is creating a wider precision-manufacturing ecosystem among micro, small and medium enterprises (MSMEs), with Electronics and IT Minister Ashwini... Read More


India's Semiconductor Demand to Hit USD 90 Bn by 2029-30 From USD 44 Bn in 2025-26: KPMG Report

New Delhi, Sept. 19 -- India's semiconductor demand is projected to more than double from around USD 44 billion in 2025-26 to USD 90 billion by 2029-30, driven by growth in electronics manufacturing a... Read More


Industry Commits Rs 3,590 Crore to Energy Efficiency, Electrification and Clean Tech In a Year: CII

New Delhi, Sept. 19 -- Indian industry has committed Rs 3,590 crore over the past year towards electrification, process improvement, waste-heat recovery, digitalisation, IoT and artificial intelligenc... Read More


SEMICON India 2026: Odisha Secures Rs 23,600 Crore Semiconductor, Electronics Investment Proposals

Bhubaneswar, Sept. 19 -- Odisha has received investment proposals worth around Rs 23,600 crore with the potential to create 6,100 jobs as the state steps up efforts to attract semiconductor and electr... Read More


Govt's Rs 2,000-Crore PM E-DRIVE Scheme Covers Less Than 2% of 2030 EV Charging Requirement: IEEFA

New Delhi, Sept. 19 -- India's Rs 2,000-crore public electric vehicle (EV) charging allocation under the PM E-DRIVE scheme could support only about 18,811 charging points, less than 2 per cent of the ... Read More


UPI MDR: Finance Ministry Denies US Pressure Claims, Says Foreign Credit Cards Get No Advantage Over RuPay

New Delhi, Sept. 19 -- The Finance Ministry on Thursday rejected allegations that US pressure influenced the decision to introduce a 0.4 per cent Merchant Discount Rate (MDR) on select UPI transaction... Read More


Textile Exports Rise 16.1% YoY to Rs 29,776 Crore in August 2026

New Delhi, Sept. 18 -- India's textile exports rose 16.1 per cent year-on-year (YoY) to Rs 29,776 crore in August 2026 from Rs 25,656 crore a year earlier, with major segments recording growth, the Mi... Read More


India Secures 1.9 Mt EU Steel Quota, Another 0.9 Mt Expected Through Residual Quotas: Govt

New Delhi, Sept. 18 -- India has secured a country-specific tariff-rate quota (TRQ) of 1.9 million tonnes (mt) annually for steel exports to the European Union, while the government expects exporters ... Read More