Daily Excelsior

MUMBAI, June 9: Corporate India is likely to see salary increments in the range of 8.6 per cent to 10.2 per cent across industries this financial year, primarily driven by sustained demand for skilled and execution-focused talent, a report said on Tuesday. TeamLease Services report, Jobs and Salaries Primer 2026-27, projects average salary increments of 8.6 per cent to 10.2 per cent, mainly led by high growth sectors including EV and EV Infrastructure, FinTech, Healthcare and Pharmaceuticals. In

NEW DELHI, June 8: The fuel price hikes in May saw a noticeable shift in consumer interest towards fuel-efficient and alternative-powertrain vehicles, with dealers reporting a surge in enquiries for such models and electric two-wheeler penetration rising to 9.25 per cent from 6.11 per cent a year ago, FADA said on Monday. According to the Federation of Automobile Dealers Associations (FADA), Indias overall automobile retail sales climbed 9.55 per cent year-on-year to a record 25.31 lakh units. A

BHOPAL, Jun 8: A five-day meeting of the BRICS grouping will commence in Indore on Tuesday to discuss food security, smart farming, global agricultural trade and farmer welfare, Union Agriculture Minister Shivraj Singh Chouhan said on Monday. The discussions under Indias presidency will include a three-day agriculture working group meeting from June 9 and a two-day BRICS ministerial meeting from June 12, he said. BRICS is an intergovernmental organisation comprising eleven major emerging economi

Maj Gen Sanjeev Dogra (Retd) sanjeev662006@gmail.com India is officially one of the fastest growing large economies in the world. The headlines are impressive. Roads are being built. Airports are expanding. Digital payments have changed daily life. Infrastructure has visibly improved. Yet, beneath this growth story, there is a quiet unease. The rupee remains under pressure. Foreign investors have pulled out large sums from Indian equities. Too many educated young people are still searching for s

NEW DELHI, May 6: South Korean auto major Hyundai on Wednesday reiterated its commitment to shaping mobility for India and the world, as the company marks 30 years of operations in the country. Established on May 6, 1996, the companys arm Hyundai Motor India Ltd (HMIL) has invested Rs 40,700 crore since its inception, with another Rs 45,000 crore lined up between FY26 and FY30 to drive manufacturing, electrification, future mobility and introduction of 26 new products by FY2030. HMIL [] The post

NEW DELHI, May 5: India could consider lowering the inflation target and trimming the tolerance band if GDP growth remains robust with a more stable inflation over the next five years, RBI Deputy Governor Poonam Gupta said on Tuesday. However, if the global environment remains as challenging as it has been during the past six years, it would warrant both predictability and flexibility inherent in the existing framework, she said. The government, after consultation with the RBI, has notified the

NEW DELHI, May 4: Bajaj Auto Ltd on Monday reported a 40 per cent jump in total sales in April at 5,13,792 units as against 3,65,810 units in the same month last year. Total domestic sales were up 13 per cent at 2,48,210 units as compared to 2,20,615 units in April 2025, Bajaj Auto said in a statement. Exports grew by 83 per cent at 2,65,582 units as compared to 1,45,195 units in the year-ago month, it added. Two-wheeler sales [] The post Bajaj Auto total sales up 40 pc at 5,13,792 units in Apri

NEW DELHI, May 4: Two-wheeler maker Hero MotoCorp Ltd on Monday announced the appointment of Sachin Agrawal as its new Chief Technology Officer effective May 21, 2026. Agrawal will succeed Vikram Kasbekar, who is stepping down from the position but will continue to serve on the board of the company as Executive Director, MotoCorp said in a regulatory filing. In his role, Agrawal will lead the next phase of the companys R&D transformation across both the Hero Centre for Innovation [] The post Her

NEW DELHI, May 3: Infrastructure company Ceigall India Ltd on Sunday said its joint venture CILSAM India has bagged a Rs 918.04-crore project from Jaipur Metro Rail Corporation Ltd for design and construction works. The contract awarded to CIL-SAM involves the design and construction of an elevated viaduct and ten elevated metro stations (excluding architectural finishing) under Jaipur Metros Phase-II expansion covering 10.8 km, Ceigall India said in a statement. Ceigall India holds a 74 per cen

NEW DELHI, May 3: The Cabinet is likely to approve soon a Rs 37,500 crore incentive scheme to promote coal gasification projects, aimed at boosting clean energy production and reducing import dependence, sources said. The Coal Ministry has already prepared a Cabinet note on the scheme to promote coal gasification projects, with a financial outlay of Rs 37,500 crore, they said. The proposed scheme is aimed at accelerating surface coal and lignite gasification projects across the country, promotin

NEW DELHI, May 3: The countrys largest carmaker, Maruti Suzuki India, has started the new fiscal 2026-27 with a 42 per cent market share, increasing from 39 per cent in the previous fiscal. According to industry estimates, the company, which posted a record domestic sales of 1,91,122 units in April, gained nearly 3 percentage points in market share the month. Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee, told PTI that although the companys increase in market [

NEW DELHI, May 1: An increase in petrol and diesel prices in the near future is not ruled out, government sources said on Friday, as losses mount from a four-year-old freeze in retail rates despite the sharp rise in global crude oil prices. International crude oil prices this week climbed to a four-year high of USD 126 per barrel before cooling down slightly, but remained above USD 110 a barrel as ship transits through the Strait of Hormuz remained restricted [] The post Petrol, Diesel Price Hik

NEW DELHI, May 1: JSW MG Motor India on Friday reported a 3 per cent year-on-year growth in dispatches to dealers at 6,018 units in April 2026 compared to the same month last year. The company sustained steady momentum across both its internal combustion engine (ICE) and new energy vehicle (NEV) portfolios, JSW MG Motor India said in a statement. This growth comes despite the ongoing West Asia crisis, which has disrupted global supply chains and dampened consumer sentiment, leading [] The post J

SRINAGAR, Apr 30: As the first direct Vande Bharat Express from Jammu chugged into the Kashmir valley on Thursday, Railways Minister Ashwini Vaishnaw promised to focus on connecting remote areas like Poonch, Rajouri and Uri to the countrys rail network. Following the completion of the ambitious Udhampur-Srinagar-Baramulla Rail Link (USBRL), Vaishnaw said detailed project reports (DPRs) have been prepared on projects to connect the Poonch-Rajouri region to the national rail network and to extend

NEW DELHI, Apr 30: Gaming company Roblox has appointed former Amazon Web Services senior executive Sunil Rao as Managing Director for its India arm, the company said on Thursday. Rao will serve as Robloxs senior representative and market lead in the country, overseeing day-to-day execution of Roblox Indias strategy working with local teams and partners, the company said in a statement. Roblox announces the appointment of Sunil Rao as Managing Director, Roblox India. Rao will join Roblox India th

Excelsior Correspondent NEW DELHI, Apr 24: Union Minister of State (Independent Charge) for Science & Technology and Earth Sciences, MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh today said that the 21st century will be Indias century and will be driven by a biology-led economy, with the countrys bio-economy projected to grow to $1 trillion by 2047. Addressing an international conference at IIT Roorkee , Dr Jitendra Singh said India is moving decisi

UNITED NATIONS, Apr 21: Indias economy is projected to grow at 6.4 per cent this year and 6.6 per cent in 2027, according to a report by the United Nations. The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) said in the report released Monday that economies in South and South-West Asia grew by 5.4% in 2025, compared to 5.2% in 2024, driven largely by strong growth in India. Indias growth edged up to 7.4% in [] The post Indias Economy Projected To Grow At 6.4% This

Prof M K Bhat drmkb1963@gmail.com Iran-America war has rattled the geopolitical and geo economic atmosphere of the world. The closure of Strait of Homruz by Iran is a big push to world economy towards Global recession. The economies of global south, Europe and Asia have started to feel the heat and the other nations of the world are going to feel its intensity quite soon. Protests against the continuation of war have erupted in many countries including America. Maritime insurance [] The post War

ISLAMABAD, Apr 9:Prime Minister Shehbaz Sharif has set up a special body to deal with the effects of the West Asia conflict on the economy and security of the country. The National Coordination and Management Council (NCMC) was constituted hours ahead of the two-week ceasefire achieved between the US and Iran. US President Donald Trump announced that he had agreed to a two-week ceasefire with Iran as proposed by Pakistan. The NCMC is jointly headed by Minister for Economic Affairs [] The post Pa

MUMBAI, Apr 8: The Reserve Bank of India kept its key policy rate unchanged on Wednesday, adopting a cautious wait-and-watch stance as policymakers assessed the fallout from the six-week Iran conflict on energy supplies, inflation and growth. The central banks six-member Monetary Policy Committee voted unanimously to keep the benchmark repurchase rate at 5.25 per cent, flagging heightened uncertainty after the West Asia conflict drove crude prices sharply higher, weakened the rupee and disrupted

Prof. D. Mukherjee mukhopadhyay.dinabandhu@gmail.com The Middle East has long been a geopolitical crossroads where energy resources, global trade routes, and strategic rivalries intersect. When conflict erupts in this region, its consequences rarely remain local. The ongoing war has once again demonstrated how rapidly geopolitical instability can spread through the arteries of the global economy. Energy markets are particularly vulnerable. The Middle East accounts for roughly one-third of global

NEW DELHI, Mar 21 : Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, and MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh said that India is steadily emerging as a robust pharma economy, which will not only accelerate future growth but also emerge as a significant contributor to the countrys overall GDP. The minister emphasised that the growing strength of Indias pharmaceutical, medtech and manufacturing ecosystem

SRINAGAR, Mar 20: National Conference president Farooq Abdullah on Friday said that the war between Iran and the US-Israel coalition needs to come to an end quickly, as it could have massive repercussions for the global economy. It (war) will have severe consequences not only for the Indian economy but for the world economy, Abdullah told reporters after offering Friday prayers at Hazratbal shrine here. The former chief minister highlighted the importance of ending the war due to the loss [] The

Excelsior Correspondent NEW DELHI, Mar 19: Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, and MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh today said that Indias bioeconomy has expanded from about USD 10 billion in 2014 to over USD 195 billion in 2025, reflecting a massive growth trajectory over the past decade. He said the sector has recorded an annual growth of around 17-18 percent in the last year alone, []

NEW DELHI, March 11 : Union Minister of Textiles, Giriraj Singh, on Wednesday stressed the need for the countrys textile sector to expand its global presence and move towards higher-scale and higher-value manufacturing to achieve the governments target of building a USD 350 billion textile economy and USD 100 billion in exports by 2030-31. Speaking at an interaction organised by the Confederation of Indian Industry (CII) with senior officials from the Ministry of Textiles and industry leaders ac

SYDNEY, Mar 5 : Prime Minister Narendra Modi is very focused on delivery of welfare programmes to the common people and has been successful in bringing hundreds of millions of them into the formal economy through financial reforms in India, Canadian Prime Minister Mark Carney has said. Carney was speaking on Wednesday during an interaction at the Lowy Institute, Australias leading think tank, where he was asked to speak about his assessment of Prime Minister Modi, days after the two [] The post

New Delhi, Feb 27: Indias economy grew by 7.8 per cent during the October-December quarter of 2025-26, up from 7.4 per cent a year ago, according to the new series of national accounts with 2022-23 as the base year. The Ministry of Statistics and Programme Implementation (MoSPI) on Friday released the New Series of Annual and Quarterly National Accounts Estimates with the base year 202223. It replaces the previous series with a base year of 201112. According to the new [] The post Economy Grew B

Software as a service has long been synonymous with modern business infrastructure. From customer management to finance, from collaboration to analytics, SaaS platforms underpin daily operations across industries. Yet the confidence that once surrounded the category has been replaced by questions. Can SaaS adapt to artificial intelligence? Can subscription models sustain growth in tighter markets? Has the category reached saturation? Rupon Anandanadarajah approaches these questions from a strate

NEW DELHI, Feb 23: Finance Minister Nirmala Sitharaman on Monday said it was too early to assess the US tariff impact on the Indian economy, and Commerce Minister Piyush Goyal is reviewing the situation. It is too soon to comment on the impact on the Indian economy from US tariff changes. The Commerce Minister is reviewing the situation, Sitharaman said after addressing the presser here after customary post-Budget meeting of the Central Board of Directors of the Reserve Bank of [] The post Too e

WASHINGTON, Feb 20: Americas gross domestic product the nations output of goods and services increased at an 1.4 per cent annual rate in the fourth quarter, the Commerce Department reported Friday, down from 4.4 per cent in the July-September quarter and 3.8 per cent in the quarter before that. A downturn in government and consumer spending contributed to the slowdown in fourth-quarter growth, the government said. Consumer spending rose just 2.2 per cent, a significant slowdown from the [] The

United Nations, Feb 15: India is a very successful emerging economy with a bigger influence in global affairs, and is the right place to host the AI summit, UN Secretary-General Antonio Guterres has said. In an exclusive interview with news agency at the UN Headquarters ahead of the IndiaAI Impact Summit 2026, Guterres underscored that Artificial Intelligence should benefit the entire world and not just be a privilege reserved for developed nations or two superpowers. I strongly congratulate Ind

Digitalization has changed the way Indians spend their free time and disposable income. The smartphone has evolved from a mere communication device into the primary gateway for entertainment, travel planning, and social interaction. This transformation is not limited to metropolitan hubs like Delhi or Mumbai; it has permeated Tier-2 and Tier-3 cities, creating a unified digital leisure economy that was unimaginable just a few years ago. The convergence of affordable data plans and widespread har

Jammu, Feb 9: CPI(M) leader M Y Tarigami on Monday criticised the recent India-US trade deal, alleging it would severely hurt the countrys agricultural sector and deal a particular blow to the economy of Jammu and Kashmir. Participating in the discussion on the Budget in the Assembly, Tarigami said the agreement compromised national sovereignty by favouring American interests while exposing Indian farmers especially apple, peanut, and soyabean growers to unfair competition without adequate saf