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MUMBAI: The Securities and Exchange Board of India (Sebi) is expected to soon come out with a series of proposals that will provide significant regulatory relaxations to registered investment advisors (RIAs), said sources close to the development. The consultation paper, which is expected in July, is likely to eliminate...
NEW DELHI: Almost a third of India is under “severe financial stress” and consumers are finding it difficult to manage their expenses though inflation has eased, said a new report by Kantar on Friday, adding the rural market was a “bright spot”. “Inflation might have slowed down to acceptable...
NEW DELHI: The Centre will announce the results of its maiden round of critical mineral auctions, initiated in November last year, on Monday. The Ministry of Mines will also launch the fourth round of auctions of around 15 blocks on the same day, Business Standard has learnt. Results for...
NEW DELHI: The rapid deployment of 5G across India has led to a jump in data usage, which has put mobile phone networks under strain and dragged down download speeds, mobile analytics company Opensignal said in a report. The average download speeds in the first quarter of 2024 on...
KOLKATA: Associations of tea producers in Asia and Africa have flagged concerns over the global mismatch of demand and supply and called for an early restoration of equilibrium, according to a statement issued by a planters’ body on Friday. In a meeting of the stakeholders of the global tea...
NEW DELHI: Rural India remains a “bright star” for the growth of fast-moving consumer goods sales and the region is expected to maintain better pace of expansion than urban areas in the second quarter of 2024, a report said on Friday. According to a report from data, insights and...
NEW DELHI: Hindustan Zinc Ltd on Friday said it has partnered with US-based AEsir Technologies, Inc for development of next-generation zinc batteries. The company has signed a memorandum of understanding (MoU) with AEsir Technologies, Inc., a company that specialises in next-generation zinc battery technologies, to be the preferred supplier...
NEW DELHI: Sun Pharmaceutical Industries on Friday said it has inked a licensing pact with Takeda Pharmaceutical Company to commercialise a novel gastrointestinal drug in India. The company has entered into a non-exclusive patent licensing agreement with Takeda to commercialise Vonoprazan tablets in strengths of 10 and 20 mg...
NEW DELHI: The average Indian household’s consumption of bottled soft drinks has increased in the last two years, breaching annual penetration of 50 per cent in FY24, a report said. According to the latest Kantar FMCG pulse report, this trend is expected to rise further with intensifying summer. It...
MUMBAI: Halting their record-breaking rally, equity benchmark indices Sensex and Nifty buckled under selling pressure on Friday as investors pared exposure to oil & gas, capital goods and FMCG stocks amid a bearish trend in global markets. However, recent foreign capital inflows and buying in index majors Bharti Airtel,...
NEW DELHI: On the second day of pre-Budget consultations on Thursday, Union Finance Minister Nirmala Sitharaman met representatives of India Inc. and listened to their suggestions, which included increasing the capital expenditure, simplifying the tax regime and introducing new production-linked incentive (PLI) schemes. Sanjiv Puri, President of the Confederation...
KOLKATA: India’s banking regulator Thursday cautioned lenders against chasing ‘mindless’ business growth at the cost of exposing the broader financial system to ‘unacceptable risks’, as hidden vulnerabilities in business models could potentially be overlooked in the financing industry’s unifocal pursuit of profitability. “While business models may be designed to...
NEW DELHI: The Telecom Regulatory Authority of India (Trai) has sought ‘infrastructure’ status for the country’s broadcasting industry to help draw significant funds to the sector that is expected to play a key role in telling the country’s stellar growth story to a global audience. In its recommendations to...
NEW DELHI: A group of financial and capital markets players met Union Finance Minister Nirmala Sitharaman for pre-Budget consultation on Thursday and put forth a clutch of demands, including taking measures to bring down reliance of NBFCs on bank funding, and encouraging insurance and pension funds to participate in...
NEW DELHI: India is home to over 3,600 startups in the deeptech space, and ranks sixth in the global deeptech ecosystem, according to a recent Nasscom-Zinnov study. Of the 3,600 deeptech’s over 480 deeptech startups were established in CY23 alone, which is two times higher than 2022, the report...
MUMBAI: Increased private investments are necessary to drive growth while a disinflationary stance will continue to take care of the spillover effects of high food prices, according to the assessment of the state of the economy by the Reserve Bank of India economists. This, in turn, could delay the...
NEW DELHI: India needs a new poverty line to estimate the extent of deprivation in the country, said Bibek Debroy, chairman of the Economic Advisory Council (EAC) to the Prime Minister (PM), on Wednesday. He said the Suresh Tendulkar committee’s estimate was more than a decade old and that...
NEW DELHI: India and the United States have agreed to work closely on technology, develop collaborative programs for geological research agencies and quickly finalise an agreement on critical minerals, official sources said. The decision was taken at the two-day annual review meeting of the India-US Initiative on Critical and...