Business
India Proposes Tit-For-Tat Retaliatory Strike Against $725 Million US Auto Tariffs At WTO
NEW DELHI: India on Friday proposed imposing retaliatory duties under the WTO (World Trade Organisation) norms against the US over American tariffs on automobile sector in the name of safeguard measures. “The proposed suspension of concessions or other obligations would take the form of an increase in tariffs on...
TRAI Explores Licensing Framework For Foreign M2M/IoT SIMs/eSIMs In India
NEW DELHI: The Telecom Regulatory Authority of India (TRAI) has released a consultation paper seeking stakeholder views on the use and sale of foreign telecom service providers’ SIMs and eSIMs in India, specifically for integration into machine-to-machine (M2M) and Internet of Things (IoT) devices that are meant for export....
India-US Trade Deal Can Boost Exports By 64%, Lift GDP By 0.6%: Report
NEW DELHI: A broad trade deal between India and the US could give a big boost to India’s exports and manufacturing capacity, helping the country’s economy grow steadily in the long run, according to a new Bloomberg Economics report. The US, currently India’s largest export destination accounting for 19.3%...
RBI Looks To Ensure Uniformity In Credit Bureau Data Quality
NEW DELHI: The banking regulator is examining suggestions to further streamline credit bureau processes and reduce information asymmetry with lenders, a move aimed at addressing data inconsistency and transparency for customers, said people familiar with the development. “A technical working group has been formed by the RBI (Reserve Bank...
Private Sector Share In Investment Intent Jumps, As Govt Sector Languishes
NEW DELHI: The share of the private sector in new investment announcements rose to a multi-decadal high of 87% in the three months to June this year, data from Centre for Monitoring Indian Economy (CMIE) showed. In fact, the private share in new projects in the quarter was the...
Mergers & Acquisitions Soar 50% To $61.3 Billion In First Half
MUMBAI: The domestic deal street remained strong through the first half of 2025, with total deal value reaching $61.3 billion, up 50% from the same period last year, marking the highest first-half since 2022, according to a market data. The number of transactions rose 9%, reflecting sustained market momentum,...
India-UK FTA To Boost Indian Exports, Enhance Worker Mobility: S&P
NEW DELHI: The free-trade agreement (FTA) between India and the UK is set to boost Indian exports, enhance worker mobility, and secure greater access to India’s middle-class market, S&P Global Market Intelligence said on Wednesday. The FTA will also facilitate ongoing trade diversification efforts for India amidst evolving global...
India Emerging As The Fastest-Growing Economy Globally: Morgan Stanley
NEW DELHI: India is set to remain the fastest-growing economy among all countries covered by Morgan Stanley, the global investment firm said in its latest Global Investment Committee (GIC) report. As per an ANI report, the recent findings from Morgan Stanley forecast India’s real GDP to grow by 5.9...
RBI Panel Likely To Recommend India Retains 4% Inflation Target
MUMBAI: An internal committee of the Reserve Bank of India is in favor of retaining the current inflation target in an upcoming government review, according to people familiar with the matter, giving investors some reassurance about the continuity of monetary policy. The panel will likely recommend the RBI ask...
Financial System Resilient Amid Global Uncertainty: FSR
MUMBAI: At a time when global uncertainties are looming large, India’s financial system remains resilient and well capitalised, the Reserve Bank of India’s (RBI) latest Financial Stability Report (FSR) on Monday. The report highlighted that the country’s scheduled commercial banks (SCBs) have significantly improved their asset quality, with gross...
Mega Schemes For R&D And Jobs Get Cabinet Nod
NEW DELHI: Two major schemes aimed at giving a boost to the economy’s growth potential and its employment intensity were approved by the Cabinet on Tuesday. It gave the nod to a Rs 1 lakh crore scheme to support research & development and innovation (RDI) in sunrise domains and...
Manufacturing PMI Rises To 14-Month High On Buoyant Export Orders
NEW DELHI: Manufacturing activity rose to a 14-month high in June 2025 on the back of strong export orders, according to a private sector survey. The HSBC India Manufacturing Purchasing Managers’ Index rose to 58.4 in June, up from 57.6 in May. The performance in June was the highest...
Rate-Cut Benefits Yet To Trickle Down To NBFCs
MUMBAI: The Reserve Bank of India’s (RBI) 100-basis-point repo rate cut in 2025 has definitely benefited a lot of borrowers, especially ones linked to the external benchmark lending rate (EBLR). However, non-banking finance companies (NBFCs) are yet to get access to cheaper funds. The key reason: Most loans to...
India’s Growth Engine Loses Steam In June, May Get Back On Track Soon
NEW DELHI: The Indian economy hit a soft patch in June with several high-frequency indicators such as goods and services tax (GST), UPI transactions, diesel consumption and car sales showing muted growth or even a contraction from a year earlier. On the positive side, India’s manufacturing activity strengthened and...
Geopolitical, Trade Risks May Weigh On India’s Growth Despite Resilience: RBI
MUMBAI: Though elevated economic and trade policy uncertainties are testing the resilience of the global economy and the world’s financial system, the domestic economy, especially the financial system, is in good shape and is a major driver of global growth, the Reserve Bank has said in its financial stability...
Industrial Output Growth At 9-Month Low Of 1.2 Per Cent In May
NEW DELHI: India’s industrial production growth slowed to a nine-month low of 1.2 per cent in May 2025 due to poor performance of manufacturing, mining and power sectors caused by the early onset of Monsoon, according to official data released on Monday. The factory output, measured in terms of...
India To Lead Global Oil Demand: S&P Global
NEW DELHI: Even as long-term global oil demand is projected to decline due to alternative energy adoption and efficiency gains, India is expected to lead the global oil demand growth, as per S&P Global Commodity Insights. The growth in demand will, however, increase the country’s import dependency, reinforcing the...
