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NEW DELHI: India’s 5G spectrum auction — the telecom sector’s most watched event — has been put off again, this time till June 25. On Tuesday, the Department of Telecommunications amended the notice inviting applications, which outlines the auction rules, deferring the sale by another 19 days. This decision...
NEW DELHI: With the Lok Sabha election results indicating that there will be a coalition government at the Centre, economists expect the upcoming Budget to take a populist turn with a likely spurt in welfare and support schemes. “Every government focuses on welfare schemes, but the larger the coalition,...
MUMBAI: Tata Motors in a filing to the exchanges said on Tuesday that the board of directors of Tata Motors, Tata Capital and Tata Motors Finance have approved a merger of Tata Motor Finance with Tata Capital through an NCLT scheme of arrangement. ET had reported on Tata Motors’...
NEW DELHI: The government has revised upwards wheat production at record 112.92 million tonne for the 2023-24 crop year (July-June) in its third estimate. The output, which has been revised upwards by 0.91 million tonne from the second estimate, is also higher than the previous record high of 110.55...
NEW DELHI: Capital markets regulator Sebi on Tuesday said it has set up a committee to review the ownership and economic structure of clearing corporations and suggest measures to ensure that clearing corporations function as resilient, independent, and neutral risk managers. The ad-hoc committee would be chaired by Usha...
NEW DELHI: The Netherlands has emerged as India’s third largest export destination after the US and UAE during 2023-24, even as the country’s merchandise shipments dipped by over 3 per cent, according to the commerce ministry data. The main commodities which registered healthy exports growth in the Netherlands include...
MUMBAI: Air India on Tuesday said it has partnered with Delhi Metro and Delhi airport to facilitate check-in for international air passengers at two metro stations in Delhi. The check-in and baggage drop facility at the Delhi airport allows passengers to check in their baggage at the metro station,...
NEW DELHI: Future trajectory of stock market hinges on the new government’s economic policies, with factors like GDP growth, inflation, and global conditions playing a key role, experts said on Tuesday. With the BJP-led NDA still looking to form a government, though with the important support of coalition partners,...
NEW DELHI: India will host the world’s most premier aviation event, the annual general meeting (AGM) of the International Air Transport Association (IATA), next year, after a gap of 42 years. This will be the third time the IATA AGM — considered one of the most significant events in...
NEW DELHI: Manufacturing activity eased to a three-month low of 57.5 in May from 58.8 in the previous month as heatwaves and rising production costs took a toll on the sector, showed a private survey released on Monday. “The pace of expansion slowed, led by a softer rise in...
MUMBAI: The government is working on parametric and hydroelectric insurance pools for better disaster protection, and is engaging with regulators and insurers for such products, said GIC chairman Ramaswamy Narayanan. The parametric cover will pay claims based on predefined disaster triggers, such as earthquakes or storms, while the hydroelectric...
NEW DELHI: The government is considering setting up a dedicated overseas market development body– IndTrade– and a national branding division to get to the goal of $ 2 trillion in exports by 2030. IndTrade would work for trade promotion and the branding division will work along with the export...
NEW DELHI: Despite the ongoing general elections, the Central public-sector entities’ – companies and departmental agencies — investment rose 6.5% on-year to Rs 50,206 crore in April, reflecting the government’s thrust on investment-led economic growth. The Railway Board invested Rs 26,641 crore in projects in April, 10% more than...
NEW DELHI: Credit rating agency ICRA has revised its 2024-25 (FY25) full-year steel demand growth target to 9-10 per cent, 200 basis points higher compared to the earlier estimate of 7-8 per cent. The growth forecast factors in the latest trends in the sector. Domestic steel consumption between February...
MUMBAI: Overall 31 per cent of employees in India have experienced age-related discriminations across sectors with the highest prevalence reported in multinational companies, a study said on Monday. The ‘Ageism in the Workplace’ study by talent company Randstad India revealed that 31 per cent of employees in India have...
MUMBAI: Japan Airlines on Monday said it has entered into a codeshare arrangement with IndiGo, which would help the Japanese carrier expand services to 14 destinations of the domestic carrier’s network. At present, Japan Airlines operates its services to Delhi and Bengaluru from Tokyo. It offers daily flight services...
NEW DELHI: Days before RBI’s monetary policy, Punjab National Bank (PNB) managing director Atul Kumar Goel said interest rates have peaked and are expected to see a reversal by the end of this year. The Monetary Policy Committee, which is expected to keep the policy rate unchanged for the...
NEW DELHI: Mother Dairy on Monday announced Rs 2 per litre hike in milk prices in the Delhi-NCR market due to a rise in input cost over the last 15 months. The increase in prices of all variants of milk is effective from Monday (June 3) in Delhi-NCR as...