NEW DELHI: Growing demand for fuel and other petroleum products amid stagnant domestic crude oil output led India’s reliance on imported crude oil increasing to over 88 per cent in the first 11 months of the current financial year ending March (FY25), indicating that the import dependency for the...
NEW DELHI: The government is considering a common regulatory and supervisory framework including a grievance redressal mechanism for all retirement financing schemes while exploring ways to bridge India’s pension gap. The terms of reference of the proposed forum for regulatory coordination and development of pension products are being finalised,...
NEW DELHI: Union Power Minister Manohar Lal on Friday said that India has planned to add about 1.91 Lakh ckm (circuit kilometre) of transmission lines and 1274 GVA of transformation capacity by 2032. Addressing a meeting of the Parliamentary Consultative Committee of Members of Parliament for Ministry of Power...
AHMEDABAD: Adani Energy Solutions Ltd (AESL), India’s largest private transmission and distribution company and part of the globally diversified Adani portfolio, today said it has won a power transmission project in Gujarat, which will supply green electrons for manufacturing Green Hydrogen and Green Ammonia in Mundra, Gujarat. The project...
NEW DELHI: DP World and Reliance Industries have partnered to launch an innovative logistics solution for the petrochemicals industry, shifting product transport from road to rail, significantly cutting carbon emissions. The Dubai-based logistics operator in a statement said the new solution connects Reliance Industries’ Jamnagar plant in Gujarat to...
NEW DELHI: With an aim to address concerns about the “skin in the game” rule for designated employees of mutual funds, including CEO, CIO, and fund managers, markets regulator SEBI on Friday reduced the mandatory investment percentage, with the requirement now based on specific salary brackets. Earlier, AMC-designated employees...
MUMBAI: Equity benchmark indices Sensex and Nifty opened on a negative note on Friday but soon recovered the lost ground and were trading with gains as fresh foreign fund inflows supported investors’ sentiments. The 30-share BSE benchmark Sensex declined 252.8 points to 76,095.26 in early trade. The NSE Nifty...
By Nitya Chakraborty Bangladesh has officially sought a meeting between their head of interim government Dr. Mohammad Yunus and the Indian Prime Minister Narendra Modi on the sidelines of the coming BIMSTEC meeting at Bangkok on April 2-4 next. Both countries are members of BIMSTEC. As per present schedule,...
By Anjan Roy Despite his best efforts and concessions to the Russian president, Vladimir Putin, including a US vote in the UN alongside North Korea, Iran and Russia on Ukraine war, Putin has given a big hoax to US president. The Russian president has flatly turned down Donald Trump’s...
By T N Ashok NEW YORK: Ukraine President Volodymyr Zelensky is in a head spinning dilemma as US President Donald Trump bowls him a googly the first ball and a China man the second and the predatory wicket keeper Russian President Vladimir Putin is waiting like a hawk to...
By Rahil Nora Chopra Prime Minister Narendra Modi will visit the Rashtriya Swayamsevak Sangh (RSS) headquarters in Nagpur, Maharashtra, on March 30, marking his first visit since assuming office in 2014. During his visit, Modi will lay the foundation stone for an expansion project at Madhav Netralaya Eye Institute...
By Sushil Kutty ‘Mind your language’ is out of the phrasebook. Now, it’s Mind your Grok! But wait, there’s no guarantee Grok’s gonna listen. Grok’s got a mind of its own and Grok’s not subject to the law of the land, or is it? Question is, why’s Grok suddenly...
By P. Sreekumaran THIRUVANANTHAPURAM: There is no denying the politics behind the ongoing ASHA workers’ strike in the Kerala Capital. The well-orchestrated misinformation campaign blitzkrieg – packed with patent falsehoods and rank misinformation – unleashed by the Congress-led United Democratic Front (UDF) and the Bharatiya Janata Party (BJP) in...
NEW DELHI: The National Statistical Office (NSO) will likely use GST Network (GSTN) data to compute the gross domestic product (GDP) starting with the new national income series to be unveiled in the next financial year. The data of the revenue collections from the principal indirect tax will be...
NEW DELHI: To finalise the shape of the proposed bilateral-trade agreement (BTA), a team of United States (US) officials, headed by Assistant Trade Representative Brendan Lynch, will come to New Delhi next week to hold discussions with their counterparts here. Both sides are aiming to finalise the first tranche...
MUMBAI: The Securities and Exchange Board of India (SEBI) has proposed allowing founders to exercise employee stock options (Esops) or stock appreciation rights (SAR), even after they are classified as promoters when the companies are about to list. In a consultation paper released on Thursday, SEBI, however, said the...
CHENNAI/MUMBAI: The US-based private equity (PE) giant Bain Capital announced on Thursday that it has entered into a definitive agreement to acquire joint control of India’s second-largest gold financier, Manappuram Finance, by purchasing an 18 per cent stake for ₹4,385 crore. The acquisition will be through a preferential allotment...
NEW DELHI: India’s steel imports could reduce by 50 per cent in FY26 while domestic manufacturers’ profitability is expected to improve, if the government levies a safeguard duty on inbound shipments, experts have said. The Directorate General of Trade Remedies (DGTR), the investigation arm of the commerce ministry, has...