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FDI inflows rise 17% to record $95 billion

NEW DELHI: Gross foreign direct investment (FDI) grew 16.7%, its fastest pace of expansion in six years, to a record $94.5 billion in 2025-26, helping reverse the four-year falling trend of net FDI.Net FDI was estimated at $7.7 billion during the last financial year, compared with under $1 billion in the previous year. After excluding...
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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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Forex spends by Indians drop 2% to $29 billion in FY26

MUMBAI: Total outward remittances under the Liberalised Remittance Scheme (LRS) witnessed a contraction in FY26, dropping about 2% to $29 billion from the $29.6 billion recorded in FY25. This downward trajectory highlights that visa restrictions are impacting overseas education spending, which plummeted 20.9% from $2.9 billion to $2.3 billion, alongside a 3.1% dip in international...
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AIIB launches $10 billion support facility for countries hit by Middle East conflict, India among key shareholders

The Asian Infrastructure Investment Bank (AIIB) has launched a $10 billion fund facility to support member countries affected by the economic fallout of the ongoing Middle East conflict, PTI reported. India is the second-largest shareholder in the China-led multilateral lender after China.The Beijing-headquartered bank said the newly launched Energy, Food Security and Economic Resilience Facility...
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Walmart executives depart under CEO John Furner

A Walmart store is seen on Feb. 3, 2026 in Austin, Texas. Brandon Bell | Getty Images Two top Walmart executives are departing the company, nearly four months after CEO John Furner took over, CNBC learned on Friday. Tom Ward, the chief operating officer of Walmart’s warehouse Sam’s Club, is retiring, while Cedric Clark, Walmart’s...
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