Business & Economy

New Delhi: In a remarkable entrepreneurial success story, Saket Saurabh, a Gurgaon-based businessman, has become a rising name in India’s fast-growing food startup ecosystem. Leaving behind a high-paying job worth ₹50 lakh per year, he launched his momos venture called ‘The Momos Mafia’ in 2023 — and within just two and a half years, the business has crossed an impressive revenue milestone of ₹5 crore. Today, ‘The Momos Mafia’ is rapidly expanding across India, operating on a franchise-based model and marking its presence in seven Indian states. Quit a High-Paying Career to Follow a Dream Saket Saurabh resigned from his lucrative corporate job in September 2023, taking a bold step to pursue entrepreneurship full-time. A graduate of NIFT Delhi (2014), he had already gained startup ...

New Delhi: Indian stock markets continued their upward momentum on Tuesday, marking the third consecutive session of gains. Supported by strong global cues and rising optimism over a possible India-US trade agreement, benchmark indices ended in the green despite profit-booking at higher levels. The BSE Sensex climbed 208.17 points (0.25%) to close at 84,273.92, while the NSE Nifty gained 67.85 points (0.26%), settling at 25,935.15. During the session, the Sensex touched an intraday high of 84,482.95, while the Nifty surged to 25,989.45, reflecting sustained investor confidence. Top Sensex Gainers Several heavyweight stocks supported the rally, including: Eternal Tata Steel Mahindra & Mahindra Power Grid Tech Mahindra NTPC Larsen & Toubro Tata Co...

New Delhi: In a major boost to India’s growing global manufacturing ambitions, United States Trade Representative Jamieson Greer has said that India has the potential to emerge as a key alternative destination for American companies looking to shift operations away from China. Speaking in an interview with Fox News on Tuesday, Greer stated that India possesses the resources, workforce, and manufacturing capability needed to become an important supply-chain and production base for companies seeking stability amid rising geopolitical tensions. India Seen as Strong Alternative to China Greer highlighted that India has already taken significant steps to strengthen economic cooperation with the United States. He noted that India has started reducing its dependence on Russian energy and...

New Delhi: India is moving swiftly to strengthen its supply of critical minerals amid growing concerns over its heavy dependence on China. Recognizing the strategic importance of minerals like lithium and rare earth elements, the Indian government is actively engaging with Brazil, Canada, France, and the Netherlands to build a stronger and more reliable global supply network. According to official sources, discussions are underway for joint exploration, extraction, processing, and recycling agreements, aimed at ensuring uninterrupted access to these key resources. These minerals are essential for the production of electric vehicles, renewable energy systems, advanced electronics, and modern industrial infrastructure. China Dominates Global Rare Earth Supply China currently holds o...

New Delhi: From the narrow streets of Jabalpur, Madhya Pradesh to the heights of the Burj Khalifa, Satish Sanpal’s journey is the epitome of rags-to-riches. Today, he is the Chairman of ANAX Holdings, a Dubai-based conglomerate valued at over $3 billion, and a prominent figure in the global business scene. Sanpal has recently come into the spotlight again as Netflix released the trailer for its upcoming reality show, ‘Desi Bling’, which showcases the luxurious lifestyles of wealthy Indians living in Dubai. The show features celebrities like actors Karan Kundra and Tejaswi Prakash, along with business magnates such as Rizwan Sajan, founder of Danube Group, and Satish Sanpal himself. The trailer offers a glimpse into the high-profile Indian community in Dubai, highlighting their opulent h...

New Delhi: Gold and silver prices declined sharply on Tuesday, with both metals opening lower on the MCX. April gold futures fell by over ₹800 per 10 grams shortly after the market opened, while March silver futures dropped more than ₹3,000 per kilogram. Later, silver extended its losses to over ₹5,000, while gold recovered slightly, ending the day with a fall of around ₹480. Previous Gains Reversed A day earlier, both metals had seen gains. Gold had closed at ₹1,58,394 per 10 grams, up ₹328, and March silver had risen ₹125 to ₹2,62,745 per kilogram. In the Delhi Sarafa market, silver had surged over 6% to ₹2.72 lakh per kilogram, while gold rose nearly 1% to ₹1.58 lakh per 10 grams. Trading Insights Manoj Kumar Jain of Prithvi Finmart noted that gold and silver have shown sign...

New Delhi: AAP MP Raghav Chaddha has urged the government to abolish the Long-Term Capital Gains (LTCG) tax on equities, arguing that it would encourage more citizens to invest in the stock market. Chaddha cited several countries, including Switzerland, Singapore, UAE, Hong Kong, New Zealand, Qatar, and Malaysia, where long-term equity gains are largely tax-free. Zero Tax on Long-Term Gains Speaking during the Budget 2026-27 discussion in the Rajya Sabha, Chaddha said removing LTCG would increase the wealth of ordinary investors. It would also incentivize them to invest in equities rather than traditional avenues like gold, silver, or real estate. “The LTCG tax on equities for retail investors should be set to zero,” he said. Warning on Investor Sentiment Chaddha also criticize...

New Delhi: In a strategic move, the United States has signed a trade deal with Bangladesh, reducing tariffs on goods exported to the U.S. from 20% to 19%. More notably, certain textile and apparel shipments made using American cotton or synthetic fibers will now enjoy zero tariffs, giving Bangladesh’s garment sector a major boost. Impact on India’s Textile Industry Just days earlier, the U.S. had concluded a trade deal with India, cutting tariffs on Indian exports by 50% to 18%. However, under the new Bangladesh agreement, zero-duty access for selected textile shipments puts India at a disadvantage. Bangladeshi garments will now reach the U.S. market cheaper than Indian products, potentially shifting American buyers’ preference toward Bangladesh over India. Bangladesh Benefits ...

New Delhi: With the rising number of millionaires and affluent travelers in India, European rail networks are reaping significant benefits. Indian tourists are increasingly opting for train travel across Europe, contributing substantially to revenues for companies like Swiss Travel System and Eurail. Growing Number of Indian Tourists Abroad The trend of overseas travel among Indians is expanding beyond major cities to smaller towns and emerging urban centers. Data from 2025 indicates a notable shift in travel patterns, with Indians exploring not just Southeast Asia but also Europe, Canada, and the United States. India ranks second globally in the purchase of Swiss Travel Passes and fourth for Eurail Passes. According to Rail Europe, about half of the demand from India is for Eurai...

New Delhi: The Employees’ Provident Fund Organisation (EPFO) is set to make it easier for members to access their PF money with the launch of a dedicated mobile app. The app, expected around April, will allow users to instantly withdraw a portion of their PF funds directly into their bank accounts via UPI. Faster and More Convenient Services The new app is part of EPFO’s ongoing efforts to improve digital services and reduce claim settlement timelines. Under this initiative, members will be able to withdraw a significant portion of their PF balance instantly, while a part of the account will remain frozen as per existing rules. Key Features Instant PF Withdrawal via UPI: Members can transfer funds securely using their linked UPI PIN. Passbook Balance Access: The app will al...