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Economics

Andrew Yule Tea Workers in Assam to Receive 20% Bonus After Negotiations

Workers and employees of Andrew Yule & Company’s 10 tea estates in Assam have secured a 20% bonus for the 2025–26 period following prolonged negotiations between the company’s management, government officials and labour representatives. The agreement brings relief to tea garden workers ahead of the festive season, after weeks of uncertainty over the settleme...

Read More Oct 03, 2026

Economics

Trade Uncertainty and Rising Oil Prices Put Pressure on India’s Investment Outlook

India’s investment outlook is facing pressure from growing uncertainty in global trade and rising crude oil prices, creating challenges for businesses, manufacturers and investors. These external factors could influence investment decisions, operating costs and economic activity, particularly in sectors that depend heavily on imported energy, international s...

Read More Oct 03, 2026

Economics

Assam CM Launches Bamboo Bicycle Project with ₹15 Crore Investment

Assam Chief Minister Himanta Biswa Sarma has launched a bamboo bicycle initiative in Guwahati, marking a new step towards promoting sustainable manufacturing, strengthening the bamboo industry and creating employment opportunities in the state. The project is being undertaken by Pune-based Bamboo India Private Limited, which plans to manufacture bamboo bicyc...

Read More Oct 03, 2026

Economics

UPI Transaction Volume Surges 27% to 145 Billion in First Half of FY27

India’s Unified Payments Interface (UPI) recorded approximately 145 billion transactions during the first half of the financial year 2026–27, marking a 27% increase compared with the corresponding period last year. The growth highlights the continued expansion of digital payments across the country, as consumers, retailers, service providers and businesses i...

Read More Oct 03, 2026

Economics

Piyush Goyal Defends India’s Manufacturing and Trade Policies Amid US Investigations

India’s Commerce and Industry Minister Piyush Goyal has defended the country’s manufacturing practices and trade policies amid investigations by the United States into allegations concerning forced labour and excess industrial capacity. The developments have brought renewed attention to India’s position in global trade, the competitiveness of its manufacturi...

Read More Oct 03, 2026

Economics

UPI Volume Falls 1.8% in September, Transaction Value Rises to ₹29.37 Trillion

India’s Unified Payments Interface (UPI) recorded a slight decline in transaction volume in September 2026, processing 24.07 billion transactions compared with 24.51 billion in August.

India–EFTA Trade Pact Completes One Year, Opens New Business Opportunities

India’s Trade and Economic Partnership Agreement (TEPA) with the European Free Trade Association (EFTA) marks an important milestone in the country’s efforts to strengthen international trade, attract investment and expand economic cooperation with European markets. The agreement provides a framework for deeper commercial engagement between India and the EFT...

Tata Trusts Propose Merger to Help Tata Sons Shed NBFC Status

Tata Trusts’ proposed merger plan involving Tata Sons has drawn attention to the Tata Group’s corporate structure and the regulatory requirements governing its financial status. The development centres on whether the proposed restructuring could make it easier for Tata Sons Private Limited (TSPL) to relinquish its classification as a Non-Banking Financial Co...

Apple Pay Officially Launches in India in Partnership with Axis Bank

Apple Pay’s arrival in India in collaboration with Axis Bank signals a new development in the country’s digital payments sector. The service brings Apple’s payment technology to a market where consumers increasingly rely on smartphones, digital banking and cashless transactions for everyday purchases. Its introduction also creates another option for customer...

India's Essar Group Targets US Steel Sector with $18 Billion Investment

India's Essar Group is planning an investment of $18 billion in the United States’ steel manufacturing sector, signalling its interest in expanding industrial operations in one of the world’s largest economies. The proposed investment comes amid continued efforts by businesses to strengthen manufacturing capabilities, explore new markets, and respond to chan...