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Indian-news

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 31 Jan 2026 12:08 AM   EconomicTimes

Budget may unveil plan to transform PSBs

In a bold move towards economic revitalization, the government is preparing to launch a groundbreaking initiative aimed at revamping public sector banks. This strategic plan is a cornerstone of the ambitious Viksit Bharat 2047 vision, aspiring to position these banks among the top 20 globally competitive financial institutions.

 31 Jan 2026 12:03 AM   EconomicTimes

World Bank to offer $8-10b annually for 5 years to fuel India's growth, jobs

In an ambitious move, the World Bank Group has committed to funneling $8-10 billion each year into India over the next five years. This groundbreaking partnership pivots around enhancing job creation through the private sector.

 31 Jan 2026 12:02 AM   EconomicTimes

Weekly rest for pilots must, no airline given exemption: DGCA to HC amid FDTL dispute

Pilot duty rules: Sabari Roy Lenka, a former aircraft engineer, had moved the high court claiming that the regulator didn't have the authority to keep the rules in abeyance and, therefore, they must come into force immediately. The rules were meant to improve "fatigue management" of pilots, said Lenka.

 30 Jan 2026 11:51 PM   EconomicTimes

Airtel Africa reports 24% profit jump to $210 million in December quarter

Airtel: Airtel Africa company continued its $100 million share buyback programme, completing the first $45 million tranche in April 2025 and returning $36.2 million through 14.6 million shares purchased in the second tranche as of December 31, 2025.

 30 Jan 2026 10:53 PM   EconomicTimes

Automatic train protection system Kavach commissioned on 472-km route: Indian Railways

Indian Railways has achieved a significant safety upgrade, commissioning the Kavach automatic train protection system on a record 472.3 route kilometres in a single day. This expansion across three key sections, including Vadodara-Virar, enhances operational safety and reliability on high-density routes. The system's effectiveness was validated through a successful head-on collision test.

 30 Jan 2026 09:33 PM   EconomicTimes

Gold loans grow fastest among all major bank credit segments: RBI

Gold loans experienced the fastest growth, surging 128% year-on-year to Rs 3.83 lakh crore. Priority housing loans also saw significant expansion, rising 37% annually. Overall bank credit grew 14.5%, with industry credit showing a robust 13.3% increase.

 30 Jan 2026 09:17 PM   EconomicTimes

Tata Communications launches AI platform suite

The three new digital infrastructure platforms launched under an “AI-first” theme, could add upto $1 million to the company’s topline, Tata Communications chief executive Amur S Lakshminarayanan told ET.

 30 Jan 2026 09:13 PM   EconomicTimes

NHPC to begin commercial operation of 250 MW unit at Subansiri hydro project on Sunday

State-owned NHPC is set to commence commercial operations for the third 250 MW unit of its massive 2,000 MW Subansiri Lower Hydroelectric Project on Sunday, February 1, 2026. This significant milestone marks another step forward for India's largest hydroelectric undertaking, a run-of-river project costing approximately Rs 27,000 crore and situated on the Arunachal Pradesh-Assam border.

 30 Jan 2026 08:53 PM   EconomicTimes

GST rate cut-induced demand to stay unless inflation erodes purchasing power: Bajaj Auto ED

Demand for two-wheelers is seeing a boost from GST rate cuts. Bajaj Auto's Rakesh Sharma believes this trend will continue if inflation remains low. He highlighted that a customer's monthly income of Rs 40,000 makes even small price changes significant. However, rising fuel and rental costs could diminish these gains. Rupee devaluation is also a concern for sustained demand.

 30 Jan 2026 07:58 PM   EconomicTimes

Government sets February 5 deadline for financial bids for IDBI, sources say

India's government has set a February 5 deadline for financial bids to divest a majority stake in IDBI Bank, marking a significant step in the privatization process. Eligible bidders, including Fairfax Financial Holdings and Emirates NBD, are now in the final phase. The government and LIC aim to sell 60.7% of the lender, with the successful bidder gaining naming rights.

 30 Jan 2026 07:43 PM   EconomicTimes

Air India working on revised plan for profitability

Air India anticipates profitability to be at least three to four years away, projecting a loss exceeding Rs 15,000 crore for the fiscal year ending March 31, 2026. The airline's ambitious Vihaan.AI transformation plan is facing headwinds from factors like the Pakistan airspace closure and a recent fatal Dreamliner crash, impacting its financial recovery timeline.

 30 Jan 2026 07:42 PM   EconomicTimes

December data signals early transmission of RBI easing

RBI rate cut: This is the first data point reflecting the 25-basis point repo rate cut announced by the Reserve Bank of India in December 2025, following cumulative policy easing of 125 basis points over the course of 2025.

 30 Jan 2026 06:58 PM   EconomicTimes

Jio-BP unveils 'Active' technology petrol: Up to 100 km extra drive annually at no extra cost

Jio-BP unveiled its new 'Active' technology petrol at India Energy Week 2026. This fuel is designed to clean vehicle engines, restoring performance and reliability. It promises to help Indian motorists drive up to 100 kilometers more annually without extra cost. The technology, backed by BP's global research, has been tested extensively under Indian driving conditions.

 30 Jan 2026 06:51 PM   EconomicTimes

Torrent Electricals launches switchgear portfolio

Torrent Electricals also announced the establishment of a state-of-the-art Innovation Centre in Ahmedabad to support product development, testing and future innovation.

 30 Jan 2026 06:26 PM   EconomicTimes

IIT Ropar partners with Army to launch MTech programme in defence technology

IIT Ropar and the Indian Army have partnered to launch a Master of Technology in Defence Technology for officers. This program aims to bridge academic learning with military needs, fostering innovation and self-reliance in critical defense sectors. Graduates will drive technological modernization and indigenization efforts within the armed forces, contributing to India's defense capabilities.

 30 Jan 2026 06:22 PM   EconomicTimes

ACME Solar signs power purchase pact for Rs 3,700 cr FDRE project with NHPC

ACME Solar Holdings has secured a significant power purchase agreement with NHPC for a 250 MW firm and dispatchable renewable energy project. This advanced FDRE project, integrating solar, wind, and battery storage, will require an investment of approximately Rs 3,700 crore. The agreement boosts ACME Solar's PPA-signed portfolio to 5,630 MW.

 30 Jan 2026 06:17 PM   EconomicTimes

Ola Electric accelerates automation push, trims workforce as turnaround gains build

Ola Electric is focusing on its business turnaround, achieving same-day resolution for over 80% of service requests nationwide through Hyperservice and a service-led execution reset. The company is increasing automation across front-end operations to enhance speed and discipline, impacting approximately 5% of its workforce as part of its structural transformation for profitable growth.