Business – Page 53

India’s Eight Core Sectors Expanded 1 Percent in March Slowing From 1.2 Percent Prior Month

Official data shows India’s core sector output growth has decelerated, with infrastructure sectors expanding at a slower pace in March 2026.

Elevated crude oil prices, a weak rupee and persistent under-recoveries are forcing difficult policy choices for India’s petroleum ministry.

Commerce Minister Piyush Goyal called for deeper India-US collaboration in precision defence, digital data centres and quantum equipment.

For the first time SpaceX has disclosed detailed financials, showing a net loss of $4.9 billion last year despite surging Starlink revenue.

Fuel prices are climbing sharply just before the Memorial Day holiday, with Minnesota averaging $4.40 per gallon for regular unleaded.

A dip in global crude oil prices provided relief for Indian equity markets which were under pressure due to Middle East tensions

GST reforms include reduced rates on healthcare products and full exemption for 36 life-saving drugs

Zomato continues to see robust growth outside metro areas as food delivery penetration in smaller Indian cities accelerates

India’s second-largest IT exporter reported better-than-expected quarterly results as enterprise IT spending remains resilient

JP Morgan analysts anticipate at least one more rate cut from the Reserve Bank of India before December 2026