Business
Energy Prices Surge, India Faces Oil Supply Challenge
NEW DELHI: Crude oil prices jumped sharply on Friday, with Brent hovering around $78 a barrel before cooling a bit, posing a challenge to India’s energy supplies and a potential price shock. India imports as much as 88% of its crude oil requirements — much of it through the...
Iran-Israel Conflict Stalls Market Recovery As Sensex, Nifty Fall Again
NEW DELHI: India’s equity market is facing heightened selling pressure as geopolitical tensions in the Middle East escalated following an Israeli attack on Iranian soil. The strike and its ripple effects, including rising crude oil prices and global market volatility, have stalled the recovery seen in Indian equities since...
Domestic Chartered Accountant Firms Seek Norm Relief In Big Four Push
NEW DELHI: Domestic chartered accountant (CA) firms are seeking relaxation of existing norms even as the government works toward Prime Minister Narendra Modi’s vision of creating India’s own “Big Four” advisory firms. The firms have raised concerns over current regulations under the Chartered Accountants Act, 1949, and the Code...
RBI’s Loan-To-Value Limit Hike For Gold Loans To Support NBFCs
MUMBAI: The increase in the loan-to-value (LTV) ceiling provided in the final directions on gold loans by the Reserve Bank of India (RBI) will support the growth of non-banking financial companies (NBFCs) offering gold loans, according to a Crisil Ratings report released today. The benefit will still be applicable...
Finance Ministry Nudges Large CPSEs, Key Agencies To Boost Capex
NEW DELHI: The finance ministry is nudging large central public sector enterprises (CPSEs) and key government agencies to boost their capital expenditure (capex) in this financial year, said a senior official, amid scepticism over a broad-based rebound in private investments given the global turmoil. The move comes on top...
Retail Inflation Declines To 6-Year Low Of 2.82 Per Cent In May
NEW DELHI: Retail inflation dipped to an over six-year low of 2.82 per cent in May due to subdued food prices, remaining below the RBI’s median target of 4 per cent for the fourth consecutive month, according to government data released on Thursday. Consumer Price Index (CPI)-based retail inflation...
India’s Goods, Services Exports To Cross $900 Billion In 2025
STOCKHOLM: India’s goods and services exports during 2025-26 are expected to cross $900 billion despite the global economic uncertainties, Commerce and Industry Minister Piyush Goyal has said. Despite uncertainties due to the Russia-Ukraine conflict, Israel-Hamas war and the Red Sea crisis, the country’s overall exports touched an all-time high...
RBI Simplifies Process For Reactivating Inoperative Accounts, Reclaiming Deposits
MUMBAI: The Reserve Bank has issued new guidelines to activate inactive bank accounts and also to help get back unclaimed deposits. The new updated guidelines, which go into effect immediately, provide more flexibility by allowing KYC updates via any bank branch, video-based verification, and with the assistance of business...
NITI Aayog To Map Gender Equality Progress Across Districts
NEW DELHI: India plans to undertake a district wise assessment of the progress on the Sustainable Development Goal 5 (SDG 5) pertaining to gender equality and empowerment of women and girls. NITI Aayog along with the ministry of women and child development, has undertaken a detailed analysis of each...
Tougher Borrowing Norms For States To Enforce Discipline
NEW DELHI: To check states’ fiscal indiscipline, the Centre has tightened borrowing norms for them mandating that their annual loan limits for FY26 will be reduced based on their liabilities. A state’s shortfall in contribution to guarantee redemption fund (GRF), unpaid electricity subsidy, and unspent amounts in central schemes...
India Will Certainly Cross $825 Billion Exports This Fiscal: Commerce Minister
BERN: The world trade is facing severe geo-political challenges, but India has consistently emerged as a winner in such times and the country’s exports of goods and services will certainly cross $825 billion in 2025-26, Commerce and Industry Minister Piyush Goyal said. Despite global economic uncertainties due to the...
EU Seeks Easier Quality Control Certification Under Trade Deal
NEW DELHI: The European Union (EU) has sought easier certification process under India’s Quality Control Orders (QCOs) during negotiations on a free trade agreement (FTA). The issue of QCOs was discussed in depth for the first time during the 11th round of negotiations here last month. While no text-based...
Long Approval Process, Recovery Snags Make PSUs Wary Of TReDs
MUMBAI: The Trades Receivables e-Discounting Systems or TReDs platform, launched in 2016, to facilitate credit to medium, small and micro enterprises (MSME) has seen a slow offtake. Currently, its outstanding as a percentage of overall MSME outstanding has barely increased to 2.66% in FY25 from 0.58% in FY22, according...
India’s Infra Sector Faces Revenue, Margin Pressure In Q4FY25 Despite Rise In Order Inflows: Nuvama Research
NEW DELHI: India’s infrastructure sector witnessed a mixed performance in the fourth quarter of FY25, with revenues and profit margins under pressure despite improvement in order inflows, according to a report by Nuvama Research. The report said the aggregate topline of the top-14 listed infrastructure companies contracted by 4...
World Bank Retains India’s FY26 Growth At 6.3 Per Cent Amid Global Uncertainties
WASHINGTON: World Bank on Tuesday pegged India’s economic growth projection at a lower level of 6.3 per cent for 2025-26 due to pressure on exports emanating from global uncertainties, though the country will remain the fastest growing major global economy. In April, the World Bank had lowered India’s growth...
States Seek Higher Share In Tax Kitty, Citing Population & GDP Contribution
NEW DELHI: Most states have requested the 16th Finance Commission for an increase in their respective share in the tax devolution kitty, citing reasons ranging from poverty level and population count to contribution to the nation’s economic growth and prosperity. And, almost all of them were unanimous in one...
Swiss Firms Keen To Expand India Presence As FTA Implementation Draws Near
NEW DELHI: Several Swiss companies are keen on forming joint ventures with Indian firms, scaling up their India operations and localising production to serve the global market, as the free trade agreement between India and the four-member European Free Trade Association (EFTA) is expected to be implemented by September....
