Business
Moody’s Ratings Revises Forecast Of India’s 2025 GDP Growth To 5.5-6.5%
NEW DELHI: Moody’s Ratings on Wednesday said Indian economy could grow in the band of 5.5 to 6.5 per cent during the calendar year 2025, a shade lower than its February projection of 6.6 per cent as the ratings agency factored in the “unpredictable” US tariffs which it said...
Centre May Target Asset Monetisation Of Rs 2 Lakh Crore In FY26
NEW DELHI: The Centre may set an asset monetisation target of `1.9-2 lakh crore in FY26 under the second phase of the National Monetisation Pipeline (NMP), with a focus on sectors such as roads, power, railways, and coal and mines. Sources told FE that infrastructure development on vacant public...
SEBI Plans Sustainability Disclosures Review For Listed Firms
MUMBAI: The Securities and Exchange Board of India (SEBI) is rethinking sustainability or ESG disclosures required of listed firms, including its already delayed plans for companies to include supply chains in their reporting, its new chief Tuhin Kanta Pandey told Reuters. The review, which follows concerns raised by the...
House Panel Asks Labour Ministry To Evaluate EPS By The End Of 2025
NEW DELHI: In a bid to assess effectiveness, sustainability, and scope for further improvement in the Centre’s flagship pension scheme for the formal sector — Employees’ Pension Scheme (EPS) — the parliamentary standing committee on labour has asked the labour ministry to complete the maiden third-party evaluation of the...
Gold Continues To Glitter For 2nd Day; Hit Fresh Peak Of Rs 95,935/10 g
NEW DELHI: Gold prices continued their upward trend for the second straight session, touching a new all-time high of Rs 95,935 per 10 grams, climbing Rs 274 on Thursday, driven by firm spot demand. On the Multi Commodity Exchange, the precious metal contracts for June delivery hit a record...
US India’s Largest Trading Partner For Fourth Year
NEW DELHI: The US remained India’s largest trading partner for the fourth consecutive year in 2024-25 with bilateral trade valued at $ 131.84 billion, while the country’s trade deficit with China widened to $ 99.2 billion during the same period, government data showed. In the last fiscal, India’s exports...
Patanjali Ayurved, Five Others, Enter Insurance Sector After CCI Approval
NEW DELHI: The Competition Commission of India (CCI) has cleared a proposal of Patanjali Ayurved and five other entities to acquire a majority stake in Magma General Insurance. “The proposed combination is being notified under the green channel route in consonance with section 6(4) of the Competition Act, 2002,”...
Wellbeing Conference Marks New Era In Healthcare Innovation And Integration
BENGALURU: Global Wellbeing Confluence 2025 (GWC 2025), an ambitious initiative by AYUSH TV, has emerged as a landmark event in the Indian healthcare sector, redefining holistic wellness and integrated medicine. Held from April 11 to 14, this four-day mega conclave witnessed an overwhelming participation and set a new benchmark...
Global Markets Slip As Tech Firms’ Shares Hit By Fresh AI Chip Controls
BANGKOK: World shares were mostly lower Wednesday as stocks of Nvidia and other technology companies were walloped by tighter US controls on exports of advanced computer chips used for artificial intelligence. The future for the S&P 500 was down 0.8 per cent while that for the Dow Jones Industrial...
Trade Deficit Widens To $21.54 Billion, Exports See 0.7% Growth In March
NEW DELHI: Merchandise exports from India grew 0.67 per cent at $41.97 billion in March, mainly due to the front-loading of shipments in anticipation of US President Donald Trump’s imposition of reciprocal tariffs from April 9, which has been temporarily paused. Imports witnessed 11 per cent growth year-on-year (Y-o-Y)...
Retail Inflation Eases To 3.34% In March, Lowest Since August 2019
NEW DELHI: Led by a decline in food prices and a high base effect, India’s consumer price index (CPI) -based retail inflation in March eased to 3.34 per cent, the lowest since August 2019, raising hopes of further repo rate cuts by the Reserve Bank of India (RBI). Data...
Bank Credit In India Likely To Grow At 12-13% In FY26: Crisil Ratings
MUMBAI: Bank credit in India is likely to grow 12-13 per cent in the current financial year (FY26), a tad higher the 11.0-11.5 per cent estimated for FY25, according to Crisil Ratings. The loan offtake will be supported by three tailwinds — the recent supportive regulatory measures, a boost...
Food Inflation Plunges To 40-Month Low
NEW DELHI: Retail food inflation eased for the five consecutive months to 2.69% in March compared to 3.75% in February, as prices of vegetables, pulses and spices declined with winter harvest arriving in the markets. The consumer food price index (CFPI) declined by 0.86% sequentially last month compared to...
Unified Pension Scheme Makes A Modest Start
NEW DELHI: The Unified Pension Scheme (UPS), which was opened for switching from the market-linked National Pension System (NPS) on April 1, has made a tepid start even though pension at 50% of the last 12 months’ average pay is guaranteed. With the central government staff weighing the cost-benefit...
US Top Trading Partner Of India For 4th Straight Year In FY25; Trade Gap With China Widens To USD 99.2 Billion
NEW DELHI: The US remained India’s largest trading partner for the fourth consecutive year in 2024-25 with bilateral trade valued at USD 131.84 billion, while the country’s trade deficit with China widened to USD 99.2 billion during the same period, government data showed. In the last fiscal, India’s exports...
India’s Gems, Jewellery Exports Decline In FY25, Says GJEPC
MUMBAI: India’s overall gems and jewellery exports declined by 11.72 per cent to $28.5 billion (around `2.41 lakh crore) in 2024-25 compared to the previous financial year on continued geopolitical tensions, according to the Gem and Jewellery Export Promotion Council (GJEPC). The overall gems and jewellery exports stood at...
More US Tariffs On Key Imports, Including Drugs
BANGKOK: The Trump administration has taken its next steps toward imposing more tariffs on key imports, launching investigations into imports of computer chips, chip making equipment and pharmaceuticals. The Department of Commerce posted notices about the probes late Monday on the Federal Register, seeking public comment within three weeks....
