Business
For Pension Products, Common Regulatory Framework On Table
NEW DELHI: The government is considering a common regulatory and supervisory framework including a grievance redressal mechanism for all retirement financing schemes while exploring ways to bridge India’s pension gap. The terms of reference of the proposed forum for regulatory coordination and development of pension products are being finalised,...
1.91 Lakh Circuit Km Transmission Lines To Be Added By 2032
NEW DELHI: Union Power Minister Manohar Lal on Friday said that India has planned to add about 1.91 Lakh ckm (circuit kilometre) of transmission lines and 1274 GVA of transformation capacity by 2032. Addressing a meeting of the Parliamentary Consultative Committee of Members of Parliament for Ministry of Power...
Adani Energy Wins Rs 2,800 Crore Transmission Project In Gujarat
AHMEDABAD: Adani Energy Solutions Ltd (AESL), India’s largest private transmission and distribution company and part of the globally diversified Adani portfolio, today said it has won a power transmission project in Gujarat, which will supply green electrons for manufacturing Green Hydrogen and Green Ammonia in Mundra, Gujarat. The project...
DP World, Reliance Partner On Rail Solution
NEW DELHI: DP World and Reliance Industries have partnered to launch an innovative logistics solution for the petrochemicals industry, shifting product transport from road to rail, significantly cutting carbon emissions. The Dubai-based logistics operator in a statement said the new solution connects Reliance Industries’ Jamnagar plant in Gujarat to...
SEBI Relaxes ‘Skin In Game Rule’ For AMCs’ Employees
NEW DELHI: With an aim to address concerns about the “skin in the game” rule for designated employees of mutual funds, including CEO, CIO, and fund managers, markets regulator SEBI on Friday reduced the mandatory investment percentage, with the requirement now based on specific salary brackets. Earlier, AMC-designated employees...
Markets Bounce Back After Falling In Opening Trade On Fresh Foreign Fund Inflows
MUMBAI: Equity benchmark indices Sensex and Nifty opened on a negative note on Friday but soon recovered the lost ground and were trading with gains as fresh foreign fund inflows supported investors’ sentiments. The 30-share BSE benchmark Sensex declined 252.8 points to 76,095.26 in early trade. The NSE Nifty...
NSO To Use GST Data For GDP Estimate In New Series
NEW DELHI: The National Statistical Office (NSO) will likely use GST Network (GSTN) data to compute the gross domestic product (GDP) starting with the new national income series to be unveiled in the next financial year. The data of the revenue collections from the principal indirect tax will be...
Key India-US Trade Negotiations Next Week To Finalise BTA Contours
NEW DELHI: To finalise the shape of the proposed bilateral-trade agreement (BTA), a team of United States (US) officials, headed by Assistant Trade Representative Brendan Lynch, will come to New Delhi next week to hold discussions with their counterparts here. Both sides are aiming to finalise the first tranche...
SEBI Mulls Changes To ESOP Norms
MUMBAI: The Securities and Exchange Board of India (SEBI) has proposed allowing founders to exercise employee stock options (Esops) or stock appreciation rights (SAR), even after they are classified as promoters when the companies are about to list. In a consultation paper released on Thursday, SEBI, however, said the...
Bain Capital To Invest Rs 4,835 Crore In Manappuram Finance For 18% Stake
CHENNAI/MUMBAI: The US-based private equity (PE) giant Bain Capital announced on Thursday that it has entered into a definitive agreement to acquire joint control of India’s second-largest gold financier, Manappuram Finance, by purchasing an 18 per cent stake for ₹4,385 crore. The acquisition will be through a preferential allotment...
Safeguard Measures To Cut India’s Steel Imports By 50 Per Cent In FY26: Experts
NEW DELHI: India’s steel imports could reduce by 50 per cent in FY26 while domestic manufacturers’ profitability is expected to improve, if the government levies a safeguard duty on inbound shipments, experts have said. The Directorate General of Trade Remedies (DGTR), the investigation arm of the commerce ministry, has...
No Windfall Tax On Oil Companies After New Law: H S Puri
NEW DELHI: Oil and gas companies will not face any new taxes like the windfall profits tax after the coming into effect of a new law that promises stability of fiscal regime, Petroleum Minister Hardeep Singh Puri said. Parliament has passed the Oilfields (Regulation and Development) Bill, 2024 that...
Rupee Rises One Paisa Against US Dollar
MUMBAI: The rupee stayed firm and appreciated 1 paisa to close at 86.36 (provisional) against the US dollar on Thursday supported by positive domestic equities. Forex traders said the Indian rupee has staged a counterattack against external pressures, gaining support from strong foreign inflows into debt markets. However, risks...
Investors’ Wealth Surges Rs 17.43 Lakh Crore In Four Days Of Market Rally
NEW DELHI: Market investors kitty swelled by Rs 17.43 Lakh Crore in four days of sharp rally in equities where the BSE benchmark Sensex jumped over 3 per cent. On Thursday, the 30-share benchmark Sensex jumped 899.01 points or 1.19 per cent to settle at 76,348.06, regaining the 76,000...
Adani Group In Advance Talks To Acquire Real Estate Company Emaar India
NEW DELHI: Billionaire Gautam Adani’s group is in advanced talks to acquire real estate company Emaar India for an enterprise value of around $1.4-1.5 Billion as it looks to expand its property business, according to sources. Dubai-based Emaar Properties entered the Indian real estate market in 2005 in partnership...
India’s ‘AI for All’ Mantra Backed By Concrete Action: Jitin Prasada
NEW DELHI: India’s ‘AI for All’ mantra is backed by concrete action with the country leading in AI skill penetration and talent concentration, Union Minister Jitin Prasada said on Thursday as he urged industry leaders to prioritise research and development (R&D) to capitalise on India’s position as a global...
Trade War, Tariff To Impact Global Growth, Fuel Inflation: RBI Report
MUMBAI: Escalating trade tensions amid a tariff war after Donald Trump took over as President of the United States (US) could adversely impact global growth and fuel inflation, an article on the “State of the Economy” in the Reserve Bank of India (RBI) monthly bulletin said. Citing estimates, the...
Parliamentary Panel Calls For Coordinated Approach To Reduce Debt To GDP Ratio
NEW DELHI: The Standing Committee on Finance, in its report tabled in Parliament on Wednesday, has called for the adoption of a comprehensive and coordinated approach to monitor and manage general government debt, ensuring that both the central and state governments adhere to prudent fiscal policies. Ajay Seth, secretary,...
