Tag
Economic Growth
5 articles
Steel Authority of India (SAIL) reported a robust 50% increase in annual net profit to ₹3,233 crore for fiscal year 2026, driven by an 8.1% rise in sales turnover to ₹109,966 crore and an 11% increase in crude steel production. Public sector banks collectively achieved a record ₹1.98 lakh crore net profit for the year, underpinned by declining non-performing assets and strengthened capital adequacy. Contributing to a positive economic backdrop, India’s services sector expanded at its fastest pace in five months, while vehicle retail sales reached a record high in April, indicating strong domestic demand across various sectors.
UK Secures First G7 Trade Deal with GCC
UK signs first G7 trade agreement with GCC, covering Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE.
Deal projected to add £3.7 bn ($4.9 bn) to UK GDP annually and boost wages by £1.9 bn per year.
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India Eight Core Industries Growth 1.7% in April 2026
Government releases Index of Eight Core Industries data showing 1.7% YoY growth in April 2026.
Cement, Steel and Electricity production grew by 9.4%, 6.2% and 4.1% respectively in April 2026.
Cumulati
Goyal Urges Industry-Government Collaboration for Reforms
Commerce Minister Piyush Goyal calls for industry-government collaboration to advance ease of doing business and achieve Viksit Bharat 2047 goals.
India's exports reached all-time high of USD 863 bill
HSBC India Services PMI Hits 58.8 in April
HSBC India Services PMI rose to 58.8 in April, marking the strongest expansion since November 2025 and a five-month high.
Domestic demand fueled growth with new orders accelerating, while export order
FADA April'26 Vehicle Retail Hits Record High
FADA reports best-ever April retail with 2.61M units, up 12.94% YoY, led by tractor growth at 23.22% and CVs at 15.02%.
Rural demand outperformed urban across categories, with PV rural growth at 20.40