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‘Economy resilient, supply a worry’

MUMBAI: Domestic economic activity exhibited resilience in April, with industrial and services sectors maintaining strength across several segments, even as global uncertainties and geopolitical tensions continued to cast a shadow, RBI said in its latest State of the Economy article.At the same time, the central bank struck a note of caution, stating that “India’s near-term...
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India On Heatwave Alert: Temperatures near 48°C: India reels under severe heatwave conditions; nationwide alert till May 28 | India News

NEW DELHI: Large parts of the country remained under the grip of an intense heatwave on Friday, with temperatures soaring close to 48 degrees Celsius in several regions, prompting authorities to issue health advisories. They warned that prolonged exposure to extreme heat raised concerns across the country.The India Meteorological Department (IMD) has warned that heatwave...
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Honda plans to line up 10 new car models by 2030

NEW DELHI: Honda Cars India is preparing an aggressive product expansion in the country, with plans to introduce more than 10 new models by 2030 as the Japanese automaker revs up to take on competition in one of its most important global growth markets.The company on Friday unveiled the updated hybrid version of the City...
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Shareholders’ no to Swiggy’s board changes

BENGALURU: Swiggy shareholders have voted against proposed changes to the company’s Articles of Association, preventing the planned appointments of CFO Rahul Bothra and cofounder Phani Kishan Addepalli to the board. The special resolution received 72.4% shareholder support, falling short of the 75% threshold required for approval, according to an exchange filing on Thursday.Swiggy said the...
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Why quota for kids of well-off parents, asks SC | India News

NEW DELHI: Supreme Court on Friday raised a question on why children of economically and educationally advanced families within backward classes be allowed to avail the benefit of reservation under OBC category.“If both parents are IAS officers, why should they have reservations? With education and economic empowerment, there is social mobility. So then again to...
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Gold demand may hit 10-year low in FY27

MUMBAI: Gold jewellery has not lost its sheen but it may be going out of reach for average Indians as high prices of the yellow metal are pushing people to spend less on new pieces and only stick to essentials. While sales volumes or the amount of gold sold are dropping, sales value, driven by...
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