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NEW DELHI: After adding 11.7 million workers in the October 2022-September 2023 period from the pandemic lows in April 2021-March 2022, total workers employed in the vast informal sector in India — at 109.6 million — still remains below the pre-pandemic period. This is according to the latest fact...
NEW DELHI: Prices of tur, chana and urad dals are likely to soften from next month helped by expectations of a good monsoon and increased imports, Union Consumers Affairs Secretary Nidhi Khare said on Friday, stressing there is no need for panic. Imports of these three pulses will also...
NEW DELHI: Union Minister G Kishan Reddy has reviewed both the coal and mines ministries after taking charge. “Held a detailed review meeting of the Ministry of Mines ( @MinesMinIndia) in New Delhi,” he said on Friday in a post on X (formerly known as twitter). Reddy on Thursday...
NEW DELHI: South Korean automaker Hyundai’s Indian arm is likely to file preliminary papers with Sebi shortly to raise at least USD 3 billion (around Rs 25,000 crore) through an initial public offering, sources close to the development said on Friday. The company’s initial public offering (IPO), if it...
NEW DELHI: National Stock Exchange (NSE) chief Ashishkumar Chauhan on Friday cautioned retail investors against trading in derivatives and suggested them to invest in equities through mutual fund route. He emphasised that trading in Futures & Options (F&O) derivatives should be limited to informed investors who can manage risk...
WASHINGTON: A bipartisan group of 43 lawmakers has urged the Biden administration to take urgent action to protect more than 250,000 Documented Dreamers, a significantly large number of whom are Indians, who will be forced to self-deport after ageing out of the temporary legal status derived through their parents’...
India’s non-financial corporates will require capacity expansion, inorganic growth, refinancing and working capital needs, along with shareholder payments, in order to fulfil their large capital requirements, said a report by Moody’s Ratings and ICRA. “While India’s domestic liquidity and companies’ internal cash flow can largely cover their capital needs,...
NEW DELHI: The government on Thursday ruled out reducing import duty on wheat by stating that there are “sufficient stocks” of the grain to meet the domestic requirement and undertake a market intervention. While stating that the food and consumer affairs ministry is keeping a close watch on market...
NEW DELHI: The Goods and Services Tax (GST) Council will meet here on June 22, with a packed agenda, including proposals to bring natural gas and aviation turbine fuel (ATF) under the ambit of the GST, and a review of the way the tax on consumption is applied on...
MUMBAI: Even as Indian equities have seen net inflows of around $700 million (Rs 5,848 crore) from foreign funds in the past few sessions, experts believe this might not turn out to be a trend reversal, given concerns over valuations and underperformance of large-caps. Last week, when election results...
NEW DELHI: Implementation of key strategic reforms such as simplification of customs duty structure, GST, and not incentivising low value-added electric vehicles would help India ensure its sustainable development and inclusive growth, GTRI said on Thursday. Economic think tank Global Trade Research Initiative (GTRI) also said that India is...
NEW DELHI: The PLI scheme is expected to attract investments of Rs 3-4 lakh crore in the next four years and generate 2 lakh jobs as large projects in sectors, including semiconductor, solar module and pharmaceutical intermediaries, are expected to take off, a top Icra executive said on Wednesday....
NEW DELHI: India’s retail inflation eased further to a 12-month low of 4.75% in May but food inflation remained elevated and almost unchanged at 8.69%, data released on Wednesday showed. The simultaneously released Index of Industrial Production (IIP) showed a sedate start for the economy in the new fiscal...
NEW DELHI: India has slipped two places on the World Economic Forum’s Global Gender Gap index to 129th place, while Iceland retained its top position in the rankings published on Wednesday. Within South Asia, India was ranked fifth after Bangladesh, Nepal, Sri Lanka and Bhutan, while Pakistan was ranked...
NEW DELHI: In a bid to secure critical mineral processing technology, the Ministry of Mines has initiated bilateral meetings with Russia, Business Standard has learned. The initiative aims to secure advanced technologies essential for the extraction and processing of key minerals, which are vital for various high-tech, automotive, and...
MUMBAI: The Indian Banks’ Association (IBA) will request the Reserve Bank of India (RBI) to maintain status quo on the provisioning required under the new project finance guidelines, and keep it unchanged at 0.4%. In a meeting held on Tuesday, bankers have stressed that raising provisioning would deter lenders...
Public-sector behemoth Steel Authority of India Ltd (SAIL) has firmed up plans to build a state-of-the-art steel plant at Burnpur for ₹36,000 crore, which promises to be the single-largest investment in an industrial project in Bengal in recent times. The central PSU has received the initial board approval for...
New Delhi: Italy, which has invited Prime Minister Narendra Modi for the G7 Summit Outreach Sessions, is India’s fourth largest trading partner in the European Union, 18th largest foreign investor with bilateral relations upgraded to the level of ‘Strategic Partnership’ with focus on defence, Indo-Pacific, energy and science and...