MENU 
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...
NEW DELHI: India’s seafood exports have recorded a growth of 3 per cent in volume terms, but a decline of about 8 per cent in value during the last financial year, according to the data of the commerce ministry. Exports in volume terms have increased to 17,81,602 MT (tonnes)...
NEW DELHI: The Budget for 2024-25 should focus on fiscal rectitude while providing for social welfare, capital expenditure, and job creation through schemes and contain inflation, economists told Finance Minister Nirmala Sitharaman on Wednesday. In her first pre-Budget consultation, Sitharaman met over a dozen economists including National Co-Convener of...
MUMBAI: Air India on Wednesday said it will launch premium economy class on select domestic routes from next month. As of now, Vistara is the only Indian carrier, which offers premium economy-class travel on its domestic routes. “Air India today unveiled a three-class configuration on its newly inducted narrow-body...
NEW DELHI: State Bank of India Chairman Dinesh Kumar Khara has pitched for tax relief on interest income, saying it would help banks to garner savings that could be used for funding long-term infra projects. Currently, banks are required to deduct tax when interest income from deposits held in...
NEW DELHI: An increasing number of C-suite executives have a positive perception of GST with many highlighting further reforms like rationalising tax rates and effective dispute resolution process as focus areas to usher in GST 2.0, a Deloitte survey said on Wednesday. The Deloitte GST@7 survey, engaging C-suite and...
MUMBAI: German auto component supplier ZF Group on Wednesday said it has sold a 7.5 per cent stake in its Indian subsidiary ZF Commercial Vehicles Control System (CVCS) India to increase liquidity and financial flexibility for growth. The sale of shares has no effect on ZF’s control over ZF...
NEW DELHI: Farm equipment and construction equipment firm, Escorts Kubota Ltd on Wednesday said it has withdrawn its plan to set up a new manufacturing plant at Ghiloth in Rajasthan due to failure to meet all the key requirements for a large-scale project. The company, which has lined up...
NEW DELHI: Fitch Ratings on Tuesday raised its growth estimates for India by 20 basis points to 7.2 per cent — same as that of the Reserve Bank of India (RBI) — citing positive economic outlook driven by recovering consumer confidence and increased investment. “Investment will continue to rise...
NEW DELHI: The government is undertaking a revamp of the production linked incentives (PLIs), by relaxing the norms for release of funds, adding more sectors under the scheme’s ambit, and extending the benefits to MSMEs in many labour-intensive sectors via special carve-outs. The restructuring would also include incentives for...
NEW DELHI: In a move to familiarise state governments with the new labour codes, the Ministry of Labour & Employment plans to conduct a training workshop for state government labour officials in the coming months, according to sources familiar with the matter. “In our discussions with state officials, it...
NEW DELHI: The National Financial Reporting Authority (NFRA) will wrap up its first annual inspection of eight audit firms – including the Big Five – and reveal its findings by October or November, people aware of the auditing regulator’s plans said. The inspection, focused on the processes and standards...
NEW DELHI: Key infrastructure sectors including renewable energy and roads and real estate are expected to see an investment growth of approximately 38 per cent in fiscals 2025 and 2026, in comparison to previous two fiscals to Rs 15 lakh crore, stated a report by CRISIL Ratings. The surge,...
NEW DELHI: Notwithstanding the fact that a significant percentage of professionals in India say that their company is doing enough to cultivate a culture of learning, 9 in 10 professionals find it hard to prioritise learning due to work and family commitments, says a report. According to new research...