Business
Bloomberg Holds Off Indian Govt Securities’ Entry Into Global Index
MUMBAI: Bloomberg Index Services Ltd (BISL) on Friday again deferred a decision on including Indian government securities under the fully accessible route (FAR) in the Bloomberg Global Aggregate Index, saying recent market reforms need more time to become embedded in market practice. “Feedback received during BISL’s continued engagement indicates...
IRDAI Tightens Intermediary Rules, Eases Insurers’ Investment Norms
MUMBAI: The Insurance Regulatory and Development Authority of India (Irdai) on Friday tightened the regulatory framework for insurance intermediaries. It introduced measures to improve traceability of insurance sales and required certain intermediaries, including majority foreign-owned entities and those crossing specified commission-income thresholds, to make additional disclosures. The amendments cover...
Cabinet Clears Rs 84,084-Crore Incentive For Offshore Oil Hunt
NEW DELHI: The Union Cabinet on Friday approved a ₹84,084-crore incentive scheme for offshore hydrocarbon drilling. This entails government support of up to 50% of eligible drilling costs or ₹675 crore per well, whichever is lower, for 60 deepwater exploratory units. The move seeks to reverse declining domestic oil...
Loan Growth Remains Strong, Shows Latest RBI Sectoral Data
MUMBAI: Banking credit to industry remained robust increasing 19.2% year on year due to broad based growth from both large and small companies. Personal loan growth also remained strong growing 16% year on year compared to 12% a year ago, latest RBI sectoral numbers for the month ended June...
Old Economy Drives 83% Of Indian Wealth, But New-Economy Creators Rapidly Closing Gap: Report
NEW DELHI: India’s wealth creation story continues to be anchored by traditional industries, but entrepreneurs from new-age sectors are rapidly narrowing the gap, according to the 360 ONE Wealth Creators List 2026, prepared in partnership with Crisil Intelligence. Eighty-three percent of the Rs 104 lakh crore in individual equity...
EU FTA Has Provisions To Address CBAM Concerns: Centre
NEW DELHI: The India-European Union Free Trade Agreement (FTA) has adequate safeguards to protect Indian companies from the impact of the European bloc’s Carbon Border Adjustment Mechanism (CBAM), while ensuring that domestic exporters benefit from any future relaxation in the carbon tax regime, a senior commerce ministry official said...
Social Dialogue Key As AI Reshapes Labour Markets In Asia-Pacific: ILO
NEW DELHI: Strong social dialogue and robust industrial relations institutions will be critical to ensuring that artificial intelligence (AI) and other structural changes lead to better jobs rather than greater inequality across the Asia-Pacific region, Yuki Otsuji, specialist for workers’ activities at the International Labour Organization’s (ILO) Decent Work...
RBI Allows Banks To Link Bulk Deposit Rates To Liquidity Profile
MUMBAI: The Reserve Bank of India (RBI) has given banks greater flexibility in pricing bulk deposits, allowing them to offer differential interest rates based on the liquidity characteristics of such deposits under the Liquidity Coverage Ratio (LCR) framework. The central bank, however, has retained the broader principle of uniformity...
DoT Signs MoU With MP For India’s First Telecom Manufacturing Zone
NEW DELHI: The Department of Telecommunications (DoT) and the Government of Madhya Pradesh on Thursday signed a memorandum of understanding (MoU) to establish India’s first Telecom Manufacturing Zone in Gwalior. “India has to move from a services nation to a product nation. Building a telecom manufacturing ecosystem is not...
Macroeconomic Fundamentals Strong: Union Minister
NEW DELHI: Macroeconomic fundamentals of the Indian economy remain strong, supported by robust domestic demand, healthy corporate balance sheets and sustained fiscal discipline amid global challenges, Union Minister Pankaj Chaudhary told Parliament on Tuesday. Further, according to the RBI’s Financial Stability Report (June 2026), the domestic financial system remains...
Finance Ministry Calls For Swift Policy Response To Global Realities
NEW DELHI: The Finance Ministry on Wednesday said India has to reinvent itself and reimagine its responses to pressing global realities if it has to achieve strategic leverage, given the mounting uncertainties around artificial intelligence and weaponisation of trade. As external conditions evolve, prudent macroeconomic management and swift policy...
India Must Remove Investment Barriers, Ease Non-Tariff Measures: Report
India’s next phase of economic growth will depend on reducing both external trade barriers and domestic investment restrictions that continue to weigh on exports, productivity and investor confidence, according to a report by policy think tank Competere Foundation. Externally, Indian exporters continue to face market-access barriers, tariffs and expanding...
Services Output Growth Cools In May As Postal, Broadcasting Contract
NEW DELHI: Eight of the 19 services sub-sectors recorded double-digit growth in May, down from 14 in April, with the broader data pointing to a moderation, according to the second print of the trial Index of Services Production (ISP) released by the National Statistics Office (NSO) on Wednesday. The...
Government’s Medium-Term Debt-Gdp Target Turns More Difficult
NEW DELHI: The current financial year is the first in which the government shifted from budget deficit to debt stock as the main anchor of fiscal consolidation. But with the size of nominal gross domestic product (GDP) falling in the new GDP series, the starting point itself has changed....
India’s Industrial Output Growth At 23-Month High Of 7.3% In June
NEW DELHI: India’s industrial output growth surged to a 23-month high of 7.3 per cent in June, up from a downwardly revised 5 per cent in May, driven by a favourable base effect and broad-based acceleration across all four major sectors, according to data released by the National Statistics...
India Faces ‘Stagflationary Shock’ Amid Upside Risks To Food Prices: BMI
NEW DELHI: India could face a “stagflationary shock” on account of rising upside risks to food prices, which may result in higher inflation while real GDP growth remains subdued, BMI, a unit of Fitch Solutions, said on Tuesday. “Higher food prices would constitute a broadly stagflationary shock for India,...
India Needs $2.4 Trillion For Climate-Resilient Cities, But Civic Bodies Have Barely Raised $476 Million: Report
NEW DELHI: India’s cities will require an estimated $2.4 trillion in investments by 2050 to become climate-resilient and low-carbon, but municipal corporations have mobilised only a fraction of the required capital, news ageny ANI reported on Tuesday quoting a joint report by the Federation of Indian Chambers of Commerce...
