Business
Trump Says US ‘Very Close’ To A Trade Deal With India
President Donald Trump announced Monday evening that the United States is on the verge of concluding a trade pact with India as the deadline for America’s April 2 ‘reciporal tariffs’ was extended to August 1. “We’ve finalised agreements with the United Kingdom and China, and we’re very close to...
OMCs Likely To Report Strong Q1 On Improved Marketing Margins
NEW DELHI: State-owned oil marketing companies (OMCs) are expected to report a strong beginning to the financial year 2025-26 driven by robust marketing margins in the first quarter of FY26, as per analysts. According to Emkay Global Financial Services, petrol marketing margins of OMCs grew 28% QoQ to Rs...
Debt Securitisation Volume Rises Marginally To Rs 49,000 Crore In Q1 FY26
MUMBAI: Debt securitisation volumes have inched up to Rs 49,000 crore during April-June 2025 as compared to Rs 45,000 crore recorded in the year-ago period, a report said on Monday. The total number of originators in these securitisations, wherein a lender hands over future receivables on a single or...
SEBI Mulls Easing Norms On Mutual Funds’ Business Activities
MUMBAI: The Securities & Exchange Board of India (SEBI) on Monday proposed to ease the broad-basing requirement for asset management companies (AMCs) and permit them to serve pooled non-broad-based funds subject to strong governance and regulatory controls. Currently, Regulation 24(b) of the MF Regulations permits an AMC to provide...
Negotiations On With Multiple Countries For Finalising Bilateral Investment Treaties: Govt
NEW DELHI: India is actively negotiating bilateral investment treaties (BITs) with over a dozen countries, including Saudi Arabia, Qatar, Israel, Oman, European Union, Switzerland, Russia and Australia, a Government official said. Besides these nations, talks are underway with Tajikistan, Cambodia, Uruguay, Maldives, Switzerland and Kuwait. These investment treaties help...
FinMin Directs Public Sector Banks To Evaluate Board Performance
NEW DELHI: The finance ministry has directed public sector banks (PSBs) to undertake a third-party evaluation of their boards’ performance, in the wake of instances of misgovernance at the helm of a few lenders that also raise questions about the scrutiny exercised by their boards, a senior government official...
Consumption Booster From GST Slabs Rejig Planned
NEW DELHI: The Goods and Services Tax Council (GST) may meet in August to discuss the much-anticipated restructuring of tax rates and slabs, amid heightened expectation of the exercise leading to a consumption booster, with a reduction in aggregate tax incidence. “Since there is not much time left before...
India And US Edge Closer To Mini Trade Deal: Key Sectors Excluded
NEW DELHI: India and the US are nearing a mini trade deal with politically and economically sensitive sectors of dairy and agriculture likely to be excluded from the pact, officials said. “The deal is in its conclusion phase,” said an official. “Most issues related to agri may be discussed...
India Could Reach $9.82 Trillion In Economic Activity By 2035: PwC Report
NEW DELHI: Indian businesses have a potential to generate $9.82 trillion ineconomic value by moving beyond traditional sector-based models and addressing fundamental human and industrial needs, a report by PwC India said. The PwC report, Navigating the Value Shift, estimates that Indian businesses can unlock $9.82 trillion in gross...
India To Remain Among Fastest Growing Economies: Finance Minister
NEW DELHI: India is poised to remain one of the fastest-growing economies globally over the coming years, finance minister Nirmala Sitharaman said on Friday, reaffirming the country’s commitment to inclusive, sustainable and innovation-led development across the Global South. Speaking at the 10th annual meeting of the board of governors...
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...
