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Business & Economy

Markets, companies, the rupee and policy: India's economy at a glance.

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the indian flag is flying in the wind

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Politics11 Oct, 16:53

Prime Minister Modi Inaugurates Development Projects Worth ₹13,000 Crore in Chennai

Prime Minister Narendra Modi visited Chennai, Tamil Nadu, on Sunday, October 11, 2026, to inaugurate and lay foundation stones for development projects valued at over ₹13,000 crore. The projects include the Poonamallee-Vadapalani stretch of Chennai Metro Rail's Phase 2, national highways, railways, ports, petroleum, and scientific research initiatives.

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Business & Economy29 Sept, 14:40

Essar Group to Invest $15 Billion in Iowa Steel Plant, Trump Announces

On Monday, September 28, 2026, US President Donald Trump announced that India's Essar Group, through its US subsidiary Mesabi Metallics, will invest $15 billion to construct a steel plant in Iowa. This facility is projected to be the largest steel plant in American history and is part of a broader $18 billion commitment by Essar Group in the United States. The plant is expected to begin production by 2030 and will create thousands of jobs.

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Business & Economy29 Sept, 11:23

Indian Rupee Depreciates to 96.1650 Against US Dollar in Late September 2026

The Indian Rupee (INR) experienced a significant depreciation against the US Dollar (USD) in September 2026, particularly towards the end of the month. On September 29, 2026, the USD/INR exchange rate reached 96.1650, marking a 0.22% increase from the previous session. This movement saw the Rupee breach the 96-per-dollar level for the first time in two months, trading around 96.13. The Rupee also touched 96.20 against the USD on September 28, 2026, its lowest point since July 2026. The largest single-day decline was a 0.507% decrease on September 28, 2026.

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the indian flag is flying in the wind

File photo: Sahaj Patel / Unsplash License via Unsplash

Business & Economy7 Aug, 10:50

Prime Minister Narendra Modi urges citizens to celebrate National Handloom Day

Prime Minister Narendra Modi released an Instagram video on Thursday encouraging citizens to celebrate National Handloom Day on August 7. He urged the public to purchase handloom products and share videos, including Get Ready With Me content, to support weaver families and promote India's textile heritage. The Prime Minister highlighted the historical significance of the date, noting that the Swadeshi Movement began on August 7, 1905, and called for the day to be observed with the same enthusiasm as Friendship Day.

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