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India Post crosses Rs 4,000 crore quarterly revenue for first time; Q1 turnover jumps 22%

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India Post achieved its highest-ever first-quarter revenue of Rs 4,008 crore. This revenue marks a significant 22.2 percent increase from the previous year. The parcel and mail segments showed substantial revenue growth during this period. Citizen-centric services also experienced an impressive 86 percent jump in revenue. Several postal circles demonstrated strong performance across various business verticals. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/QXZNRb5 >

'Framework deal ready for India-US trade pact'

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India and the United States are making good progress on their bilateral trade deal. A framework agreement for the trade pact is now ready for signing. Both nations have reaffirmed their commitment to a balanced and commercially meaningful agreement. Discussions are ongoing to finalize the deal, which will benefit businesses and consumers. The timing of the signing depends on the US announcing its new tariff structure. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/d7UaX3F >

After two years, pharma volumes pick up pace

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Domestic pharmaceutical retail growth shows strong signs of demand-led expansion. Volume growth in June exceeded three percent, a significant positive shift. Industry growth outlook is now revised upwards to over eleven percent this year. Higher sales of lipid-lowering and cardiac therapies led the market's recent surge. Chronic therapies continue to outpace the market, driven by lifestyle diseases. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/4OZedYu >

Government weighs cybersecurity framework for IoT devices

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India is considering a cybersecurity framework for internet-connected devices. This initiative aims to enhance security standards for smart meters and other IoT products. The government is exploring measures for stricter security and certification requirements. This move follows a similar mandate for internet-enabled CCTV cameras. The focus remains on ensuring product security regardless of manufacturing origin. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/yCQcRsI >

Foreign investors return to India, equities lead revival

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Foreign investors have returned to Indian markets, showing renewed interest in equities during July. This shift follows months of consistent selling, with significant inflows recorded in early July. Equities have become the primary destination for foreign capital, attracting substantial investments. Debt markets also continue to see inflows, extending momentum from previous months. Stronger economic fundamentals and a stable currency are contributing to this positive investment trend. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/5DvXZHp >

Oil companies plan expanding 10-kg LPG cylinder sales

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State-run oil companies are considering expanding lightweight 10-kg LPG cylinders for commercial use. These cylinders will likely be sold at commercial LPG rates if approved by authorities. This move could benefit migrant workers, tenants, and street vendors needing LPG. The advanced composite cylinders are nearly fifty percent lighter than steel ones. They offer easier handling and portability for consumers and businesses. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/h70iIpo >

India-UK FTA opens doors, but tariff cuts alone won't lift exports: GTRI

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India's new trade pact with the UK opens market access for exporters. However, strengthening quality standards and logistics is crucial for success. Food and engineering sectors face specific regulatory and certification requirements. Labour-intensive industries like garments and textiles offer significant export potential. Processed foods and automotive components also present substantial untapped opportunities. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/iSnL61J >