Business
Mother Dairy Launches High Protein Milk In Delhi NCR
MUMBAI: Mother Dairy on Wednesday launched ‘Promilk’, a protein-rich milk product priced at Rs 70 per litre, targeting the country’s protein deficit population in the Delhi-NCR region. The new cow milk product contains 40 grams of protein per litre, four per cent fat, and 11.5 per cent solids-not-fat (SNF)...
Bandhan Bank Signs MoU With Indian Air Force
KOLKATA: Private lender Bandhan Bank on Wednesday said it has inked an MoU with the Indian Air Force to provide corporate salary accounts to the defence personnel. The ‘Bandhan Bank Shaurya Salary Account’ will have features like zero balance savings account, protection for self and family, and attractive interest...
S&P Cuts India’s Fy26 GDP Growth Forecast To 6.5 Per Cent
NEW DELHI: S&P Global Ratings on Tuesday cut India’s GDP growth projections to 6.5 per cent for the next fiscal as it expects that economies in the APAC region will feel the strain of rising US tariffs and pushback on globalisation. In its Economic Outlook for Asia-Pacific (APAC), S&P...
Government Open To Reducing Tariffs On 55 Per Cent Of US Imports
NEW DELHI: The government is open to cutting tariffs on more than half of U.S. imports worth $23 billion in the first phase of a trade deal the two nations are negotiating, two government sources said, the biggest cut in years, aimed at fending off reciprocal tariffs. The South...
Revised PSL Guidelines Put Gold-Loan NBFCs In A Fix
MUMBAI: The Reserve Bank of India’s (RBI) decision to exclude gold loans that are originated by non-banking financial companies (NBFCs) and acquired by banks from being classified as priority sector lending is expected to dent the growth of gold loan companies and increase their cost of funds. Shares of...
India’s Software Market To Hit $100 Billion By 2035, Growing 5x: Report
CHENNAI: India’s domestic software market is projected to grow 5X in the next decade from $20 billion in 2025 to hit $100 billion by 2035, a new report shows. SaaSBoomi, in collaboration with 1Lattice, released a report on Tuesday, which shows that the domestic IT software market will be...
Telecom Department Rejects TRAI Views On Infra Sharing By Service Providers Backed By Public Fund
NEW DELHI: The Department of Telecom has rejected Trai views on passive infrastructure sharing by service providers supported by public fund, according to a document released by the telecom regulator. The Telecom Regulatory Authority of India (Trai) had last year recommended that the Department of Telecom (DoT) should explore...
India Needs To Turn To Beer To Reduce Alcohol, Hooch Tragedies
India has grappled with tragedies related to alcohol including hooch mishaps. While such tragedies also happen elsewhere in the world, the frequency of such events in India is definitely way above the rest of the world. Banning alcohol is not the solution as one has seen in Bihar where...
India, Singapore Join Hands For Green And Digital Shipping Corridor
NEW DELHI: India and Singapore on Tuesday signed a Letter of Intent (LoI) for Green and Digital Shipping Corridor (GDSC), with a focus on digitalisation and decarbonisation. The Singapore-India GDSC, when established, will enhance collaboration from both countries and help accelerate the development and uptake of zero or near-zero...
Government Rolls Out Fix Quality Norms For Hinges
NEW DELHI: The government has issued mandatory quality norms for hinges to curb the import of sub-standard goods and boost domestic manufacturing of these goods, according to a notification. The Hinges (Quality Control) Order, 2025 was issued in this regard by the Department for Promotion of Industry and Internal...
Government Recovers Rs 416 Crore Under PM-KISAN Scheme
NEW DELHI: The government has recovered `416 crore from ineligible farmers under the flagship scheme PM-KISAN since its launch in 2019, Agriculture Minister Shivraj Singh Chouhan told Lok Sabha on Tuesday. Chouhan, in a written reply, said the central government has disbursed over ` 3.68 Lakh Crore to farmers...
India Losing Three Per Cent Of GDP Annually: Gadkari
NEW DELHI: India is losing three per cent of its GDP due to around five Lakh road accidents annually in the country, Union Minister Nitin Gadkari said on Tuesday. The Minister for Road, Transport and Highways made the remarks while addressing AMCHAM’s Technology Interventions For Road Safety: US-India Partnership...
SEBI Lays Groundwork For Ease Of Doing Business
MUMBAI: The Securities and Exchange Board of India (SEBI), in its first board meeting under new chairperson Tuhin Kanta Pandey, eased norms for foreign portfolio investors (FPIs), merchant banks and market infrastructure institutions (MIIs). At the same time, it also decided to set up a high-level committee (HLC) to...
IMF Asks Indian Banks To Adopt Global Norms For Credit Risk Management
MUMBAI: Indian banks need to strengthen credit risk management by adopting International Financial Reporting Standards (IFRS 9) and enhancing supervision of individual loans, collateral valuation, and connected borrower groups, the International Monetary Fund (IMF) said in its Financial System Stability Assessment (FSSA) report. The Reserve Bank of India (RBI)...
Softer Increase In Services Sector Activity Slows Flash PMI In March
NEW DELHI: Private sector output in India increased at a slower pace in March as compared to the previous month, amid a quicker expansion in manufacturing activity and a softer increase in services activity, according to the HSBC flash Purchasing Managers’ Index (PMI) survey released on Monday. “Manufacturing was...
Tariff Disturbances Stall Momentum In Engineering Exports
NEW DELHI: The US-induced upheaval in world trade through tariffs and counter tariffs has stalled the growth in India’s export of engineering products. The growth in these shipments, which remained in positive territory for nine months in a row bucking the stagnation in other sectors, fell 8.62% on year...
India Proposes To Remove 6 Per Cent Google Tax From April 1
NEW DELHI: India proposes to remove the 6% equalisation levy imposed on online advertisement services offered by companies such as Google and Meta — known widely as the Google tax — from April 1. The move is likely aimed at placating US President Donald Trump, who has threatened retaliatory...
Rupee Recovers Its 2025 Losses; Jumps 31 Paise To Close At 85.67 Against US Dollar
MUMBAI: Rising for the seventh straight session, the rupee appreciated 31 paise to close at 85.67 (provisional) against the US dollar on Monday, wiping off all its losses in 2025, supported by a positive trend in domestic equity markets and fresh foreign capital inflows. Besides, lower global crude price...
