ATF price hiked by steep 7.5%, commercial LPG rate cut by Rs 58.5

The price of jet fuel (ATF) was sharply increased by 7.5 per cent on Tuesday, while the cost of LPG used in commercial establishments was reduced by Rs 58.50 per cylinder, reflecting shifts in international benchmark rates. Photograph: David Becker/Reuters

Healthy balance sheets augur well for economy: RBI Governor Sanjay Malhotra

Large tariffs by the United States administration and elevated geopolitical risk have increased near-term global financial stability risks, and along with weather events pose downside risks to domestic growth, Reserve Bank of India (RBI) Governor Sanjay Malhotra said in the

Indian economy remains key driver of global growth: RBI report

Indian economy remains a key driver of global growth on the back of sound macroeconomic fundamentals and prudent policies, the Reserve Bank said on Monday. Photograph: Amit Dave/Reuters In its bi-annual Financial Stability Report (FSR), the central bank also said

Fiscal deficit slips to 0.8% of full-year target at May-end 2025: CGA data

The central government’s fiscal deficit fell to 0.8 per cent of the full-year target at the end of May, mainly due to a whopping Rs 2.69 lakh crore dividend received from the Reserve Bank of India. Illustration: Dominic Xavier/Rediff The

Industrial output growth slows to 9-month low of 1.2% in May

India’s industrial production growth slowed to a nine-month low of 1.2 per cent in May 2025 due to poor performance of manufacturing, mining and power sectors caused by the early onset of monsoon, according to official data released on mMonday.

Indian pharma eyes US gains as $63.7 bn patent cliff nears

The Indian pharmaceutical industry is likely to benefit from a major wave of patent expiries in the US, as small-molecule drugs worth $63.7 billion are expected to go off-patent between 2025–29, a 65 per cent rise over the previous five

Automatic cars key to Skoda’s plan to double sales

Skoda India sees growth in automatics and network expansion as key drivers to reach 3 per cent market share, with EV plans and a new SUV also in the works. All photographs: Kind courtesy Skoda/Facebook As Skoda Auto India eyes

Guess how much salary Anant Ambani will draw as executive director of RIL

Anant Ambani, the youngest son of billionaire Mukesh Ambani and the first among three siblings to be appointed executive director on flagship Reliance Industries, will be paid Rs 10-20 crore salary annually plus a host of perks including a commission

‘We will be present across India over next 3-5 yrs’

‘There’s been interest from multiple states, and exploratory conversations are ongoing.’ Photograph: Kind courtesy Namma Yatri/Instagram Zero-commission mobility platform Namma Yatri is planning to expand its services to new geographies by collaborating with the government and communities. Shan M S,

Pine Labs CEO Amrish Rau may net Rs 1,000 crore as firm files for IPO

As fintech major Pine Labs gears up for its initial public offering (IPO), its Draft Red Herring Prospectus has highlighted its top executives’ pay and stock options, including those of chief executive officer (CEO) Amrish Rau. Photograph: Courtesy, Pine Labs