NEW DELHI: India’s private sector activity is expected to have slowed marginally in May as growth in new orders, international sales, employment and business activity dipped and input price inflation ticked higher, with manufacturers faring worse than services firms, a private survey said on Thursday. HSBC’s flash India Composite...
MUMBAI: The Securities and Exchange Board of India (Sebi) has proposed changes to the price-discovery mechanism for initial public offerings (IPOs) and relisted stocks during the pre-open call auction session. Under the proposed revised framework for determining the base price of relisted shares, Sebi has suggested using the latest...
NEW DELHI: The number of unincorporated establishments in the non-agriculture sector has surged to over 9 crore, and employment under these firms crossed the 15-crore mark in the January-March quarter, according to a government survey. The National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation on...
NEW DELHI: The Office of the United States Trade Representative’s (USTR’s) Section 301 hearings have turned into a fresh flashpoint in Indo-US trade ties, with American industry groups pushing for punitive tariffs on Indian goods over allegations of state-backed overcapacity and unfair subsidies, while Indian officials mount an aggressive...
NEW DELHI: Prime Minister (PM) Narendra Modi concluded his visit to Italy, the final leg of his five-nation foreign tour, on Wednesday, with India and Italy committing to raising annual bilateral trade to €20 billion by 2029. Following talks between PM Modi and his Italian counterpart, Giorgia Meloni, in...
NEW DELHI: The International Monetary Fund (IMF) has cautioned governments against resorting to broad-based subsidies to shield households from price shocks arising from the conflict in West Asia, holding that such measures could strain their already tight public finances. Instead, the IMF has suggested rolling out “temporary, targeted, timely...
MUMBAI: The Reserve Bank of India (RBI) on Wednesday announced a $5-billion dollar-rupee buy/sell swap auction with a three-year tenor to inject durable liquidity into the banking system, as it grapples with tightening domestic liquidity conditions and mounting pressure on the rupee amid elevated crude oil prices. The auction,...
NEW DELHI: Indian states should begin treating overseas employment as an economic development strategy by setting up dedicated migration systems, including state-run recruitment agencies, foreign-language training programmes and digital dashboards tracking global labour demand, said a NITI Aayog working paper, released on Wednesday. The paper titled ‘States’ Framework: Advancing...
MUMBAI: Citing the early impact of the ongoing Iran war which has spiked energy prices massively apart from disrupting supply chains, rating agency Icra expects the March quarter growth to moderate to a three-quarter low of 7%, down from 7.8% in the previous quarter and the full-year growth to...
MUMBAI: The rupee on Tuesday closed at a new low against the dollar for the seventh consecutive session, weighed down by elevated crude oil prices, hardening US Treasury yields, and sustained foreign fund outflows. The Indian currency settled at a record closing low of 96.53 per dollar, compared to...
MUMBAI: The Reserve Bank of India is unlikely to either raise or cut the repo rate during the rest of FY27 and is expected to maintain status quo at 5.25 per cent, according to a report by India Ratings and Research, which said inflation is likely to remain within...
MUMBAI: To ensure greater consistency with the Basel Pillar 3 disclosure requirements, the Reserve Bank of India (RBI) on Tuesday released draft norms on commercial banks’ capital adequacy with the aim of reducing information asymmetry and promoting comparability of banks’ risk profiles. “Pillar 3 of the Basel Framework aims...
NEW DELHI: To avoid delays in the appointment of insolvency professionals (IPs) during the bankruptcy process, the government has come out with a fresh set of guidelines that mandate Insolvency and Bankruptcy Board of India (IBBI) to define the eligibility criteria for the IPs besides preparing a panel of...
NEW DELHI: Capital expenditure growth by Corporate India could moderate sharply to just around 4% annually over the next two years, Moody’s Ratings said in a report on Monday, signalling a further delay in the long-awaited investment cycle and a serious blow to the country’s medium-term economic growth. Between...
GOTHENBURG/NEW DELHI: Asserting that India’s “reform express” is going at full speed, Prime Minister Narendra Modi on Sunday asked Swedish companies to enhance their presence in manufacturing, green hydrogen mission, clean energy and other sectors. Wooing European companies, Modi highlighted the potential in five broad areas, including telecom and...
BHUBANESWAR: India’s financial ecosystem is becoming increasingly resilient, driven by disciplined domestic investors, regulatory reforms and expanding participation from smaller cities and states, Securities and Exchange Board of India (Sebi) Chairman, Tuhin Kanta Pandey, said on Monday. The West Asia crisis has undoubtedly created global economic uncertainty, he said....
NEW DELHI: India could emerge as a $7 billion contract manufacturing hub for global medical device companies by 2035, as multinational firms diversify supply chains beyond China and India deepens its domestic manufacturing ecosystem, according to a report by Boston Consulting Group (BCG), the Association of Indian Medical Device...
NEW DELHI: India’s lithium imports have surged more than ten-fold in eight years, reflecting the rapid expansion of the electric vehicle (EV) market and rising demand for battery storage, even as domestic manufacturing capacity continues to lag behind consumption growth. According to data from the ministry of commerce and...