City New Delhi Financial News

05.02 / 08:01

Digital hiv testing patient infection donates malaria India launches nationwide audit of blood banks after children test HIV-positive post-transfusion

Subscribe to enjoy similar stories. NEW DELHI: The Union government has ordered a nationwide audit of all 4,153 licensed blood banks and centres after children in some states tested HIV-positive following allegedly contaminated transfusions, according to two government officials and a document that Mint reviewed. The Central Drugs Standard Control Organization (CDSCO) has started risk-based inspections of all blood centres and any facility not compliant with the standards will be closed down, the officials said.

05.02 / 00:39

markets COST trends show performer Latin Tata Motors' $4.4 billion Iveco move faces fresh concerns

Subscribe to enjoy similar stories. NEW DELHI : Italian automaker Iveco's two reductions in its cash flow outlook within six months have reignited concerns over Tata Motors Ltd’s biggest acquisition, as analysts caution the Italian business's volatile show may leave the Indian parent vulnerable to global headwinds.

05.02 / 00:39

Bill stage information Department Courts Updates Interviews Recent reforms effectively a new direct tax code: CBDT chief

Subscribe to enjoy similar stories. New Delhi: India’s long-awaited overhaul of its direct tax regime has effectively arrived in stages, combining the simplified Income Tax Act enacted last year with a toned-down penalty and an enforcement framework under the Finance Bill 2026, and the revamped procedures and user-friendly ‘smart’ tax return forms to be rolled out later this month, Central Board of Direct Taxes (CBDT) chairperson Ravi Agrawal said in an interview.

05.02 / 00:39

markets UPS FIVE Manufacturing Mobile electronic guidelines Chip(per) ambitions: Electronics majors weigh semiconductor leap on policy push

Subscribe to enjoy similar stories. NEW DELHI: India’s top listed electronics manufacturers Syrma SGS and Dixon Technologies are reassessing plans to enter semiconductor and chip component manufacturing after the Union budget for 2026-27 announced India Semiconductor Mission (ISM) 2.0, a new incentives programme aimed at building deeper chip capabilities. The second mission, expected to follow the ₹76,000 crore chip incentive scheme launched five years ago, will focus on developing a more comprehensive semiconductor components ecosystem.

05.02 / 00:07

Target Aware Mobile performer Courts Updates Vodafone Idea’s ₹35,000-crore loan bid faces fresh lender scrutiny

Subscribe to enjoy similar stories. NEW DELHI/MUMBAI : Lenders to embattled telecom operator Vodafone Idea Ltd are examining the company’s spectrum dues, subscriber losses and weak user revenue before deciding on its request for a fresh loan of ₹35,000 crore, a person involved in the discussions said. An external techno-economic viability (TEV) study done in 2024 to examine Vodafone Idea's creditworthiness will be updated with new projections, and a fresh TEV will not be done, the person said on condition of anonymity.

05.02 / 00:07

markets COST Citi Mobile Highways country International EV charger benchmark costs halved, fast chargers gain policy focus

Subscribe to enjoy similar stories. NEW DELHI: India has more than halved the benchmark prices of public electric vehicle (EV) chargers and enhanced their charging capacity, in a move aimed at expanding green mobility and enabling longer driving ranges across the country, two people aware of the matter said. EV charging point operators said that this sharp reduction in the benchmark cost could also lower subsidy claims.

04.02 / 18:11

markets Aviat Airlines country reports travelers Investigations CCI orders probe into IndiGo over alleged abuse of dominance after mass flight cancellations

Subscribe to enjoy similar stories. NEW DELHI/ MUMBAI : The Competition Commission of India (CCI), the country's competition watchdog, has ordered an anti-trust investigation into IndiGo for alleged abuse of dominant position following large-scale flight cancellations and sharp fare increases in December. CCI has observed that passengers were “left with no real choice but to accept last-minute cancellations" and were forced to seek alternatives “at significantly higher prices".

04.02 / 15:57

Target security Metro Food Research Department Interviews Subsidies can’t be rolled back abruptly, reforms will be gradual: Vualnam

Subscribe to enjoy similar stories. New Delhi: Subsidies continue to serve critical national needs, and cannot be withdrawn abruptly, expenditure secretary V. Vualnam said in an interview, as he outlined a gradual course correction in India's subsidy and spending framework.

04.02 / 10:59

UPS FIVE Enterprise President reports Interviews With two partnerships in two weeks, Adani ramps up defence push

Subscribe to enjoy similar stories. NEW DELHI : A step-down subsidiary of Adani Enterprises Ltd, the group's flagship company, inked a deal with Italian helicopter maker Leonardo to make, maintain and repair military choppers in India—the second such partnership in as many weeks after the firm stitched a partnership with Brazil's Embraer to make aircraft. Adani Aerospace and Defence, a wholly owned subsidiary of Adani Defence Systems and Technologies Ltd, and Leonardo signed the partnership on Tuesday.

04.02 / 09:01

markets security MSCI Trade cover India-US deal triggers FPI short covering, but reversal not yet in sight

Subscribe to enjoy similar stories. New Delhi: Foreign portfolio investors (FPIs), who have been betting against Indian markets since October 2024, were forced to cover nearly two-fifths of their bearish derivatives positions on Tuesday after the announcement of an India-US trade deal. Analysts expect the short covering to continue in the near term.

04.02 / 08:55

Progressive Extreme Action economy poverty country International Puzzling dichotomy: India’s climate debate must not be framed as mitigation versus adaptation

Subscribe to enjoy similar stories. Chapter 10 of India’s Economic Survey 2025-26 provides a comprehensive summary of New Delhi’s climate and related initiatives.

04.02 / 03:35

markets UPS FIVE economy wellness Cycling show As premium whiskies come of age, Amrut aims for ₹800 cr sales by 2030

Subscribe to enjoy similar stories. New Delhi: The rise of Indian single malts is showing up on distillers’ balance sheets, and for India’s oldest whisky maker Amrut Distilleries, premium variants are fast becoming the engine of growth, rather than a niche bet. The distiller says it now sells nearly a quarter of all Indian single malt whisky consumed domestically, giving premium whiskies an outsized role in its growth strategy.

04.02 / 02:09

markets UPS Art economy Trade Art of the India-US trade deal’s revival: The end of a rift between the two partners could spell gains all around

Subscribe to enjoy similar stories. It is plainly good news the US has lowered its import duty on Indian goods from 50%, a truly punitive rate, to 18%. A trade deal is expected to be sewn up anytime now.

04.02 / 01:51

Strategy economy Trade President Experts country Relationships India’s middle-power strategy won it a reprieve from Trump’s sky-high tariffs

Subscribe to enjoy similar stories. When Canadian Prime Minister Mark Carney declared at Davos that middle powers should deepen their economic ties to navigate the era of great-power politics, India was already showing how it was done. After President Trump imposed 50% tariffs on India’s exports to the U.S., among the highest in the world last year, New Delhi powered ahead on trade deals with other economies, strengthening its hand in negotiations with the U.S.

04.02 / 00:21

markets COST UPS Manufacturing Hyundai GST cuts lifted Indian automakers out of slump. Now they face a commodity storm

Subscribe to enjoy similar stories. NEW DELHI : For Indian automakers, a surge in sales after the September tax cut has been eclipsed by a new concern: soaring raw material costs. Many are contemplating price increases at the risk of suppressing demand.

03.02 / 17:15

markets UPS Target Manufacturing Trade band Department Nominal GDP may get a boost from India-US trade deal: Secretary Thakur

Subscribe to enjoy similar stories. New Delhi: India’s nominal GDP growth for FY27, pegged at 10% in the Union Budget, could turn out higher if the proposed India-US trade deal goes through, which is expected to boost domestic manufacturing, Department of Economic Affairs (DEA) secretary Anuradha Thakur said. Nominal gross domestic product (GDP) measures economic output at current market prices, without adjusting for inflation, and is crucial for tax revenues because taxes are collected on current prices and incomes, not inflation-adjusted values.

03.02 / 17:15

markets COST Manufacturing security Sustainability Trade Interviews ‘Slower FY27 customs revenue growth reflects India’s push for competitiveness, trade liberalisation’

Subscribe to enjoy similar stories. NEW DELHI : The moderation in customs duty revenue growth projected for fiscal year 2027 (FY27) in the Union budget is due to lowering customs duty on raw materials and inputs to make Indian businesses more competitive, the chairperson of India’s Central Board of Indirect Taxes and Customs (CBIC), Vivek Chaturvedi, told Mint in an interview. Also contributing is trade liberalisation being pursued under free trade agreements (FTAs), which will secure greater external market access for Indian businesses, according to Chaturvedi.

03.02 / 15:51

UPS security Trade President Experts reports India unlikely to halt Russian oil imports abruptly despite Trump's deal claim

Subscribe to enjoy similar stories. New Delhi: US President Donald Trump has claimed that India has agreed to stop Russian oil purchases as part of a long-pending bilateral trade deal, but analysts and refiners said that an immediate, abrupt halt is unlikely.

03.02 / 14:37

markets UPS Provident Booking Trade President Experts US tariff cut puts Indian seafood, basmati back on America’s plate

Subscribe to enjoy similar stories. New Delhi: US President Donald Trump's decision to reduce reciprocal tariff on Indian goods, after months of trade tensions, is expected to significantly boost seafood and basmati rice exports. Industry officials said that that lower tariffs would make Indian seafood and basmati more competitive in the US market, stimulate fresh orders, and improve price realisations.

03.02 / 14:37

markets Manufacturing Sustainability Trade medicines Investigations Pharmaceuticals India plans curbs on cheap API imports from China to shield TB drug makers

Subscribe to enjoy similar stories. New Delhi: India plans to impose anti-dumping duties on ethambutol hydrochloride—a critical input used in tuberculosis (TB) medicines—to curb cheap imports from China and Thailand, according to a government order reviewed by Mint.

03.02 / 12:27

markets COST UPS Trade show country Near-zero to 50% to 18%: The tariff shock reshaping India-US trade

Subscribe to enjoy similar stories. New Delhi: Until President Donald Trump’s return to the White House on 20 January 2025, US tariffs were largely a non-issue for Indian exporters. That low-tariff environment ended in April 2025, when Washington imposed sweeping reciprocal duties, sending the US trade-weighted average tariff into double digits for the first time in decades.

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