Business

India Business News: MUMBAI: RBI is reviewing its ‘liberalised remittance scheme’, which saw outflows of around $30 billion in FY25, as it looks to rationalise the facilit. Source

The event also carried a sharp warning from Minister for Electronics and IT Ashwini Vaishnaw, who cautioned the industry about quality and commitment. “Applicants without local design teams and without adherence to Six Sigma standards will either not be approved or will be cut short from the PLI,” Vaishnaw said. Source

Petrol, Diesel Price On May 7: Check City-Wise Rates Across India Including In Delhi, Mumbai And Kolkata. Source

India Business News: The Reserve Bank of India’s record dividend payout to the government, nearly Rs 2.7 trillion, was primarily driven by substantial dollar sales and for Source

Indian ban on Pakistani ships | India-Pakistan border tensions: The restrictions were put in place “with immediate effect” and “till further order” to ensure safety of “Indian assets, cargo and connected infrastructure, in public interest and for interest of Indian shipping”, the DGS order stated. Source

Stocks to watch: Shares of firms like Paytm, BSE, Tata Motors, Ather Energy, Coal India, Dabur, and others will be in focus on Wednesday’s trade Source

India Business News: The US told the WTO that India’s plan to impose retaliatory duties on 29 American products lacks legal ground, stating Section 232 steel and aluminium tariffs are not safeguard measures. Talks continue amid India-US trade deal efforts. Source

When teams understand “the significant risks the board is willing (and not willing) to take”, they can act decisively in a crisis without constantly seeking approval, notes Hersh Shah, Chief Executive Officer, IRM India Affiliate, in his Saturday column. . Source

India-UK FTA eliminates tariffs on 99% of Indian products entering the UK, boosting exports and job opportunities. Source

Infrastructure News: Goa is poised to experience significant traffic relief with the announcement of a new ring road project, connecting Maharashtra to Karnataka, estimate Source