NEW DELHI: Crisil in a report, highlighted that the rise in petrol and diesel fares is likely to add fresh inflationary pressures to India’s economy as increased transport and manufacturing costs are expected to feed through to consumer prices in the months to come. Petrol and diesel prices have...
NEW DELHI: The government is set to soon constitute the proposed High-Level Committee on Banking for Viksit Bharat, with the aim of receiving its report within three to four months and initiating a new phase of comprehensive banking sector reforms. Sources said the terms of reference for the committee...
NEW DELHI: India’s domestic content requirement for solar cells is set to increase rooftop solar system costs by up to Rs 30,000 for households. Industry experts weigh the impact on consumers, project economics, and the country’s expanding solar manufacturing capacity. Households planning to install rooftop solar systems may have...
MUMBAI/CHENNAI: Just as the microfinance sector appears to be emerging from a prolonged asset-quality stress cycle, a weaker monsoon forecast threatens to create fresh challenges. With the India Meteorological Department (IMD) downgrading its southwest monsoon forecast to “below normal” — potentially the weakest in 11 years — concerns are...
NEW DELHI: India’s industrial production expanded at a slower pace of 4.9 per cent in April due to tepid growth in the energy sector amid the West Asia crisis, according to official data released on Monday. This is the first data released after the revision of the base year...
NEW DELHI: The central government has slashed its total expenditure by around ₹60,000 crore in FY26, below its revised estimate (RE) for the financial year, to meet the fiscal deficit target of 4.4 per cent of gross domestic product (GDP), according to the latest Controller General of Accounts (CGA)...
BENGALURU: India’s spending on public cloud services is expected to rise 28.1% to USD 17.5 billion in 2026 from USD 13.7 billion in 2025, driven by growing demand for artificial intelligence (AI)-ready infrastructure, application modernisation and digital transformation, according to Gartner. The research and advisory firm said organisations across...
NEW DELHI: In an effort to continue its pragmatic engagement with Myanmar and with an eye on the growing Chinese influence in that country, Prime Minister Narendra Modi held talks with visiting Myanmar President U Min Aung Hlaing here on Monday. The two sides agreed to increase bilateral trade...
MUMBAI: The Securities and Exchange Board of India (SEBI) on Monday proposed allowing road-focused Infrastructure Investment Trusts (InvITs) to add back debt-funded major maintenance expenses while calculating cash available for distribution to investors for ease of doing business. Under the proposal, payments made towards major maintenance of road projects,...
NEW DELHI: The chief negotiators of the US and India will begin four-day talks here on Monday on finalising the details of the interim trade pact, whose framework was agreed upon in February. The US team will be led by its chief negotiator Brendan Lynch. India’s chief negotiator is...
MUMBAI: The Reserve Bank is expected to leave the key policy rate unchanged at 5.25 per cent this week and adopt a cautious stance that factors in the possible headwinds to inflation and growth trajectory amid the West Asia turmoil, experts opined. With surging energy prices, continuing supply chain...
BHUBANESWAR: In a significant development for the controversial Sijimali bauxite mining project, the Centre has approved Stage-II (final) forest clearance for diversion of 4.911 hectares of forest land for construction of a approach road connecting to the mineral block in Odisha. The 3.4 km road to the mineral block...
MUMBAI: SBI Research in its report has called for stronger Reserve Bank of India intervention to stem the rupee’s sharp depreciation, arguing that the currency’s weakness is out of sync with the country’s macroeconomic fundamentals. In its pre-policy report released on Sunday, it said that the RBI is likely...
MUMBAI: It’s been a good earnings season for India Inc with operating profits rising nearly 11% year-on-year, backed by robust revenue growth — the best performance in almost 12 quarters. Controlled expenses helped cushion the bottom line at a time of elevated commodity prices, while a weaker rupee came...
MUMBAI: India’s economy could face headwinds due to higher energy prices and supply chain disruptions, while the likelihood of El Nino conditions could hit agriculture output, the RBI said in its annual report released on Friday. However, healthy corporate and bank balance sheets, the government’s continued thrust on capital...
NEW DELHI: The finance ministry on Friday asked public sector banks (PSBs) to adopt prudent expenditure and austerity measures at all levels while maintaining resilience amid evolving global uncertainties. Financial Services Secretary M Nagaraju, while chairing a meeting to review the financial performance of PSBs, advised them to provide...
NEW DELHI: India’s organic waste sector, driven by enabling policy, could provide a nearly $51 billion market opportunity by 2047 and create 26 lakh direct jobs, according to a study by the Council on Energy, Environment and Water (CEEW). If India reaches 100 per cent collection and processing of...
NEW DELHI: Even though the rupee has approached a critical depreciation threshold, India is unlikely to reopen a special Foreign Currency Non-Resident (Bank) deposit window similar to the one introduced during the 2013 “taper tantrum”, as the country’s forex reserves remain strong and US dollar interest rates are...