New Delhi: Minister for new and renewable energy Pralhad Joshi on Monday launched WT-MARUT, the country’s first dedicated digital platform for managing the wind energy supply chain. The portal is expected to strengthen India’s domestic wind manufacturing ecosystem and support the country’s clean energy expansion.The platform will facilitate end-to-end tracking of wind energy components, from…

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Let’s take a look at what a possible US-Iran peace deal signing and Strait of Hormuz opening mean for India. (AI image) “Ships of the World, start your engines,” US President Donald Trump wrote on Truth Social, announcing an imminent peace deal with Iran and the opening of the Strait of Hormuz. “Let the oil…

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Global stock markets advanced on Monday while oil prices fell sharply after the United States and Iran reached a tentative agreement to extend their ceasefire and reopen the Strait of Hormuz, raising hopes of easing inflationary pressures and restoring the flow of crude oil.The S&P 500 rose 1.5%, while the Dow Jones Industrial Average gained…

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India and the UK are working to resolve outstanding issues that have delayed the implementation of their free trade agreement, with both sides holding discussions to operationalise the pact signed in July last year, PTI reported.Commerce Secretary Rajesh Agrawal said an Indian team is already in London to take forward the discussions and ensure that…

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India on Monday released producer price index (PPI) data for goods and services for the first time, paving the way for the gradual replacement of the wholesale price index (WPI), which will be discontinued over the next five years, PTI reported.The move is in line with practices followed by advanced economies and recommendations of the…

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The rupee rose against the US dollar for a second straight session on Monday, helped by a sharp decline in crude oil prices after a preliminary US-Iran agreement to end the conflict and reopen the Strait of Hormuz, Reuters reported.The currency also extended gains seen after the Reserve Bank of India’s June 5 measures to…

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Former Niti Aayog vice chairman Arvind Panagariya has called for reviving the government’s privatisation agenda for public sector undertakings (PSUs) and public sector banks (PSBs), arguing that disinvestment remains a key pillar of India’s economic reforms.In an interview with PTI, Panagariya also advocated the creation of an independent privatisation ministry to accelerate the government’s disinvestment…

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Sitharaman said the new measures were a beginning of a broader strategy to draw international capital back into India. Terming the recent measures to attract foreign capital as the “first step”, Finance minister Nirmala Sitharaman on Monday said that India is preparing for exigencies in wake of the ongoing geopolitical crisis and US-Iran conflict.Sitharaman described…

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Individuals not having business or professional income enjoy greater flexibility, as they can opt between the new and old tax regimes every year. (AI image) ITR filing FY 2025-26: A choice between the old and new income tax regime is an important one – which one saves you more tax? But the answer to that…

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Wholesale inflation accelerated as higher prices of fuel, power, manufactured goods and food items pushed up input costs across the economy. (AI image) US-Iran war impact: Reflecting the impact of the US-Iran conflict, the Wholesale Price Index (WPI) inflation for the month of May rose sharply to 9.68% from 8.26% in April. This is the…

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