NEW DELHI: The central board of the Reserve Bank of India (RBI) on Friday approved the transfer of a record Rs 2.87 lakh crore to the Centre as surplus — or dividend — for 2025-26. But it would have been much lower had the board not reduced a key...
NEW DELHI: Countries including Israel, Egypt and Kenya have approached the Delhi Metro Rail Corporation (DMRC) for possible collaboration in metro projects, with the corporation now looking to expand its international presence through a dedicated overseas arm as it seeks additional revenue to modernise ageing infrastructure in the national...
NEW DELHI: The labour ministry has begun consultations with industry bodies on migrant worker welfare, focusing on housing, portability of benefits, and registration systems, according to people aware of the matter. In a meeting held on May 19, participants discussed housing access and portability of welfare benefits for migrant...
MUMBAI: The Central Board of Directors of the Reserve Bank of India (RBI) on Friday decided to transfer a surplus of ₹2.87 trillion for 2025-26 (FY26) — surpassing FY25’s record — to the Centre as income rose and balance sheet expanded. The central bank, however, decided to lower risk...
MUMBAI: Net foreign direct investment (FDI) into India rose sharply to $7.65 billion in the 2025-26 financial year, according to Reserve Bank of India (RBI) data, with March marking the second consecutive month of positive net inflows at $1.57 billion. Net FDI stood at $959 million in 2024-25. “During...
NEW DELHI: India has blocked China’s request for establishment of a panel to adjudicate the dispute it has brought before the World Trade Organisation (WTO) against Production Linked Incentive Scheme (PLI) for solar modules and duties charged on IT products. The dispute was initiated on December 19 last year...
NEW DELHI: Former Deputy Chairman of the Planning Commission of India Montek Singh Ahluwalia on Friday endorsed a policy of allowing the rupee to depreciate against the dollar in line with the market conditions, cautioning that attempts to artificially keep the currency up could weaken the economy further. He...
NEW DELHI: India’s aggressive ethanol capacity expansion is set to significantly outpace demand despite the government’s push towards E85 fuel and flex-fuel vehicles, with installed production capacity expected to touch nearly 2,400 crore litres by FY27 against current fuel demand of only around 1,100 crore litres under the E20...
NEW DELHI: India’s rapidly expanding renewable energy capacity is beginning to outpace transmission infrastructure, forcing nearly 300 gigawatt-hours (GWh) of clean power curtailment in the first quarter of 2026 due to grid bottlenecks and causing an estimated monetary loss of ₹75-90 crore, according to a report by global energy...
MUMBAI: Lenders are sharpening their focus on corporate credit in emerging industries, with renewable energy emerging as the biggest growth driver. The push comes at a time when transition goals are accelerating demand for clean energy financing. In addition, the rising energy security concerns have risen due to the...
NEW DELHI: India’s private sector activity is expected to have slowed marginally in May as growth in new orders, international sales, employment and business activity dipped and input price inflation ticked higher, with manufacturers faring worse than services firms, a private survey said on Thursday. HSBC’s flash India Composite...
MUMBAI: The Securities and Exchange Board of India (Sebi) has proposed changes to the price-discovery mechanism for initial public offerings (IPOs) and relisted stocks during the pre-open call auction session. Under the proposed revised framework for determining the base price of relisted shares, Sebi has suggested using the latest...
NEW DELHI: The number of unincorporated establishments in the non-agriculture sector has surged to over 9 crore, and employment under these firms crossed the 15-crore mark in the January-March quarter, according to a government survey. The National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation on...
NEW DELHI: The Office of the United States Trade Representative’s (USTR’s) Section 301 hearings have turned into a fresh flashpoint in Indo-US trade ties, with American industry groups pushing for punitive tariffs on Indian goods over allegations of state-backed overcapacity and unfair subsidies, while Indian officials mount an aggressive...
NEW DELHI: Prime Minister (PM) Narendra Modi concluded his visit to Italy, the final leg of his five-nation foreign tour, on Wednesday, with India and Italy committing to raising annual bilateral trade to €20 billion by 2029. Following talks between PM Modi and his Italian counterpart, Giorgia Meloni, in...
NEW DELHI: The International Monetary Fund (IMF) has cautioned governments against resorting to broad-based subsidies to shield households from price shocks arising from the conflict in West Asia, holding that such measures could strain their already tight public finances. Instead, the IMF has suggested rolling out “temporary, targeted, timely...
MUMBAI: The Reserve Bank of India (RBI) on Wednesday announced a $5-billion dollar-rupee buy/sell swap auction with a three-year tenor to inject durable liquidity into the banking system, as it grapples with tightening domestic liquidity conditions and mounting pressure on the rupee amid elevated crude oil prices. The auction,...
NEW DELHI: Indian states should begin treating overseas employment as an economic development strategy by setting up dedicated migration systems, including state-run recruitment agencies, foreign-language training programmes and digital dashboards tracking global labour demand, said a NITI Aayog working paper, released on Wednesday. The paper titled ‘States’ Framework: Advancing...