NEW DELHI: The government has capped diesel sales to a vehicle in a day at 200 litres and restricted industrial, commercial, and institutional users from buying petrol and diesel from petrol pumps in a bid to prevent local shortages amid global supply disruption, according to an official order. Retail...
MUMBAI: Corporate bond issuances surged, with borrowers raising around ₹27,000 crore this week as a decline in bond yields lowered borrowing costs and encouraged issuers to tap the market. The issuance pipeline remains active, with Housing and Urban Development Corporation (HUDCO), Small Industries Development Bank of India (SIDBI), and...
NEW DELHI: The Centre has proposed a single regulatory framework for television and radio broadcasting services, extending the obligation of airing programmes on “themes of national importance and social relevance” from TV channels to private radio services. The draft Telecommunications (Television, Radio and Associated Services) Rules, 2026, made public...
After more than a decade, India is once again turning to its 35 million-strong diaspora for support. This time, banks are mounting a global campaign to attract more than $50 billion in deposits from overseas nationals as policymakers seek to bolster foreign exchange reserves and support a battered rupee....
NEW DELHI: GAIL (India) Ltd leads 63 Central public sector enterprises and four other organisations in spending more than one-fourth of the annual target of capital expenditure in first two months of the fiscal year 2026-27 (FY27), data from Department of Public Enterprises (DPE) showed. Overall target for capital...
NEW DELHI: The World Bank on Thursday raised its economic growth projection for India by 10 basis points (bps) to 6.6 per cent for the current financial year 2026-27 (FY27), citing resilient domestic demand. It also raised India’s gross domestic product (GDP) growth forecast for FY28 by 60 bps...
MUMBAI: Indian companies are rushing to raise ??short-term debt after the central bank’s measures to support the rupee triggered a sharp fall in borrowing costs, four merchant bankers said. Companies, led by non-banking financial firms, are raising more than 310 billion rupees ($3.24 billion) through up to five-year bonds...
MUMBAI: Indian lenders have sought clarity from the Reserve Bank of India (RBI) on whether domestic banks can leverage the foreign currency non-resident bank deposit scheme by extending loans to depositors through their overseas branches, bankers said. This follows the RBI’s decision to allow depositors to borrow from...
NEW DELHI: Centre has barred industrial, commercial and institutional users from purchasing petrol and diesel from retail fuel outlets, rather switch to bulk sellers. On Wednesday, the Ministry of Petroleum and Natural Gas issued the Motor Spirit and High Speed Diesel (Temporary Regulation of Supply through Retail Outlets) Order,...
NEW DELHI: India discussed expanding legal migration pathways for skilled workers and forging mutual recognition of qualifications with several advanced economies, including France, the UK and US, South Korea, and Canada, during the 114th Session of the International Labour Conference (ILC) in Geneva, the Ministry of Labour & Employment...
NEW DELHI: India must focus on moving surplus labour out of agriculture into industry, services, and other productive sectors in the medium- to long-term, create efficient markets for farmers, and gradually replace commodity-linked subsidies with direct income transfers if it wants to address the structural challenges facing the farm...
NEW DELHI: Government plans to raise the issue of the US decision to impose a 100% duty on patented drug imports from India, seeking tariff parity to safeguard the interests of domestic manufacturers. The matter is expected to figure during the trade negotiations with Washington, with New Delhi seeking...
MUMBAI: The Reserve Bank of India (RBI) has allowed banks to lend to real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) based on the cash-flow track record of underlying assets, replacing the draft proposal that required such trusts to complete three years of operations before becoming eligible...
MUMBAI: The Reserve Bank of India (RBI) on Wednesday consolidated regulatory instructions relating to risk management, compliance and internal audit functions for commercial banks, requiring lenders to establish dedicated control functions headed by a chief risk officer (CRO), chief compliance officer (CCO) and head of internal audit (HIA). The...
NEW DELHI: Amid an uncertain global situation owing to ongoing regional wars, India’s economy expanded 7.8 per cent in the January-March quarter, exceeding forecasts on strong domestic demand and government expenditure. The GDP growth compared with 7 per cent expansion a year back and 8 per cent in the...
NEW DELHI: Findings by the World Inequality Lab in ‘Global Justice Report: A Plan for Equality and Prosperity With Planetary Boundaries’ indicated that India is likely to surpass China in terms of its share of global GDP measured in purchasing power parity (PPP) by 2060. The report also added...
MUMBAI/NEW DELHI: The Reserve Bank of India (RBI) and the central government unveiled a package of measures on Friday aimed at attracting foreign capital amid the West Asia crisis, with economists estimating the steps could generate up to $50 billion in inflows — potentially enough to cover much of...