MUMBAI: The non-government non-financial (NGNF) private limited companies’ profit after tax registered a double-digit growth of 31.6 per cent year-on-year (YoY) in FY25, as compared to 51.9 per cent in FY24, according to the latest data by the Reserve Bank of India. “Despite the rise in costs, operating profit...
NEW DELHI: India is likely to receive below-normal southwest monsoon rainfall in 2026, with precipitation estimated at 92% of the Long Period Average (LPA), the India Meteorological Department (IMD) said in its long-range forecast. The projection carries a model error margin of ±5%, with the LPA for the June–September...
NEW DELHI: The Ministry of Labour and Employment on Monday signed initial pacts with Porter and Gigin Technologies to expand employment opportunities and strengthen digital job matching through National Career Service (NCS) portal. Porter is expected to generate large-scale logistics and driving opportunities and targets creation of over 30...
BHUBANESWAR: Climate shocks, ranging from erratic rainfall and rising temperatures to floods and droughts, are worsening poverty across India, particularly in regions heavily dependent on agriculture, according to a new first-of-its-kind study by the National Institute of Science Education and Research (Niser), an autonomous research institute under the Department...
A senior Reserve Bank of India official criticized foreign-exchange market makers for their role in aggravating the rupee’s weakness during the West Asia tensions, as the regulator keeps up its tough messaging stance in its defense of the currency. Addressing an annual foreign exchange dealers’ conference in Paris at...
NEW DELHI: Raising serious concerns over disruptions and structural inefficiencies in India’s drug and medical device regulatory framework, a parliamentary standing committee has asked the Department of Health and Family Welfare (DoHFW) to pursue immediate approval of funds under the scheme for Strengthening of State Drug Regulatory System (SSDRS)....
MUMBAI: Geopolitical uncertainties caused by the unproductive United States-Iran talks in Islamabad are likely to cast a shadow on equity markets on Monday. Tensions mounted after US President Donald Trump ordered a naval blockade of the Strait of Hormuz on Sunday evening if Iran fails to keep this key...
India’s leading information technology companies are accelerating acquisitions as slowing demand and the rapid rise of artificial intelligence begin to reshape the sector’s growth model. The latest sign of this shift came from Wipro, which this week agreed to acquire Mindsprint from Singapore-based Olam Group for $375 million, alongside...
MUMBAI: The Reserve Bank of India on Friday proposed an overhaul of the framework for identifying upper-layer non-banking finance companies (NBFCs), suggesting a shift to an asset-size-based criterion and inclusion of government-owned entities, PTI reported. Under the draft ‘Reserve Bank of India (Non-Banking Financial Companies’ Registration, Exemptions and Framework...
NEW DELHI: A government-appointed panel has called for a pre-insolvency restructuring framework and a larger role for public sector entities to resolve stress in the real estate sector. The committee has argued that the current Corporate Insolvency Resolution Process (CIRP), though effective in select cases, often proves too slow...
NEW DELHI: The Asian Development Bank (ADB) on Friday raised India’s gross domestic product (GDP) growth forecast in FY27 by 40 basis points (bps) to 6.9 per cent compared to its December 2025 forecast of 6.5 per cent. It cited robust domestic reforms, rising consumption and investment, even as...
NEW DELHI: Equity mutual funds witnessed a net inflow of Rs 40,450 crore in March, marking an increase of 56 per cent from the preceding month, reflecting sustained investor confidence despite market volatility and heightened geopolitical tensions. This was the highest monthly net inflow after July 2025, when the...
PORT LOUIS: India on Friday intensified its diplomatic and economic outreach amid the West Asia crisis, with External Affairs Minister S Jaishankar voicing concern over escalating tensions, Petroleum Minister Hardeep Singh Puri engaging Qatar to secure energy supplies, and Commerce Minister Piyush Goyal coordinating with Gulf partners to restore...
MUMBAI: To curb rising fraudulence in digital payments, the Reserve Bank of India (RBI), in a discussion paper released on Thursday, has suggested measures such as introducing a requirement of one hour delay for digital payments worth more than ₹10,000 to be credited to a beneficiary’s account. Among the...
NEW DELHI: Assocham Secretary-General Saurabh Sanyal said here on Thursday that Uttar Pradesh will reach the one trillion-dollar economy before 2035, looking into the way it was progressing as far as investment was concerned. Sanyal was in the city to participate in the Uttar Pradesh Manufacturing Conclave organised by...
NEW DELHI: Prolonged periods of elevated oil prices can significantly impact the Indian economy, even though there were ample buffers to cushion shocks due to prevailing geopolitical uncertainties, World Bank economists said on Thursday. Speaking at an event hosted by the National Council of Applied Economic Research (NCAER), Aurelien...
NEW DELHI: With global risks tilted to the downside due to frequent geopolitical shocks, India’s experience offers a model of navigating volatility through structural reforms, policy discipline, and innovation, Principal Secretary-2 to the Prime Minister of India Shaktikanta Das said on Thursday. The global economy has been grappling with...
NEW DELHI: Amid the conflict in West Asia, which has come to a brief pause following a temporary ceasefire declared recently, Indian External Affairs Minister S Jaishankar is set to visit the United Arab Emirates from April 11 to 12 to review bilateral ties, the Ministry of External Affairs...