economy

The government raises the EPFO mandatory coverage wage ceiling to ₹25,000, expanding social security coverage to 51 lakh more workers.

The move comes amid a high demand for sugar in India, especially due to the upcoming festivities.

The estimate comes ahead of the release of provisional GDP figures by the Ministry of Statistics and Programme Implementation. The Bank of Baroda report said economic momentum in the April-June quarter is expected to be stronger than a year earlier, with several key sectors likely to outperform their Q1FY26 growth rates.

Indian benchmark equity indices ended the week on a volatile and largely flat note on Friday as elevated global bond yields, high crude oil prices and persistent geopolitical uncertainties continued to weigh on investor sentiment.

The proposed hospital has already triggered considerable discussion within the state administration, particularly over its potential economic impact.

Piyush Goyal holds meetings with Singapore business leaders and investors to expand India-Singapore trade, investment and healthcare partnerships.

India and ADB sign a $230 million loan agreement to strengthen Chennai’s water supply and sanitation infrastructure, including 170 km of pipelines, upgraded pumping stations and a new ring-main distribution system.

On NSE, Kotak Bank, Hindalco, HDFC Bank, Tata Steel, Power Grid, Coal India, Eicher Motor, Axis Bank, Bajaj Finance, NTPC, ONGC among others traded in the green while TCS, Titan, Grasim, Infosys, HCLT Tech, Indi Go, LT, JSW Steel, ITC among others traded in the red. Likewise, on BSE, Kotak Bank, BEL, Tata Steel, HDFC Bank, Axis Bank, SBI, ICICI Bank, among others were the major gainers.

Speaking on the sidelines of the third edition of the CII Manufacturing Conclave, Singh said the government was continuing to develop industrial corridors, manufacturing hubs, connectivity infrastructure and other facilities to support domestic production.

Under the revised framework, an FPI can grant a Power of Attorney to its custodian by specifying its address and executing the document through a digital signature in accordance with the provisions of the Information Technology Act, 2000, Sebi said.

The Centre has imposed a 15-day stockholding limit on bulk consumers of sugar, restricting the quantity that large users can keep for production, consumption or other purposes during a specified period.

Benchmark equity indices staged a strong recovery on Thursday, with the Sensex gaining 628 points and the Nifty snapping its seven-session losing streak, as easing global bond yields and fresh foreign fund inflows revived investor appetite for riskier assets.