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NEW DELHI: India’s share in global services exports has more than doubled over the last 18 years and rise of global capability centres (GCCs) has played a crucial role in the expansion, a global report said on Monday. The proliferation of GCCs has given a boost to real estate,...
MUMBAI: At a time when overseas capital flows have been firm, foreign lenders have requested the banking regulator for flexibility in compliance with the central bank’s Large Exposures Framework (LEF), particularly in handling certain types of accounts that facilitate global transactions. Banks have requested the Reserve Bank of India...
BENGALURU: Escalating construction costs are forcing real estate players to optimise their expenditures and readjust their pricing strategies to strike a balance between profitability and meeting customer requirements. A recent JLL report stated that the overall construction cost in the country will experience an average increase of 6 per...
GURUGRAM: Nestle India Chairman & Managing Director Suresh Narayanan on Monday asserted that the company’s infant food formulation for children below 18 months is done on a global basis and the allegation that “it is racially stereotyped is unfortunate” and untrue. Addressing reporters here, he said the amount of...
NEW DELHI: HCL Technologies’ FY25 guidance of 3-5 per cent represents a “good growth” in current environment, CEO C Vijayakumar said, adding cloud migration and GenAI projects are gaining traction but financial services vertical could face ‘headwinds’. Vijayakumar told PTI in an interview that HCL Technologies (HCLTech) is keen...
NEW DELHI: The escalating geopolitical tension may have implications for the country’s exports in the first quarter of 2024-25 as it is likely to impact global demand, apex exporters body FIEO said. The global uncertainties caused by continuing war between Russia and Ukraine has impacted India’s outbound shipments in...
MUMBAI: India Inc is likely to log 4-6 per cent revenue growth in the January-March quarter of 2023-24, marking the slowest quarterly growth since recovery from the Covid-19 pandemic which began in September 2021, said a Crisil report. The report is based on an analysis of 350 companies which...
NEW DELHI: Concerned over slow progress, the lenders of debt-ridden Reliance Capital (RCAP) have asked the Hinduja Group arm, IndusInd International Holdings Ltd, to expedite the process of obtaining necessary regulatory approvals and stick to the resolution plan deadline of May 27. In a meeting held in Mumbai on...
NEW DELHI: The Centre is weighing a proposal to tweak corporate social responsibility (CSR) norms for widening their scope and coverage besides reviewing the penalty structure to discourage companies from non-compliance, people aware of the development told ET. Deliberations on the matter have started and a final decision will...
NEW DELHI: The ministry of corporate affairs (MCA) has chalked out a plan for the first 100 days of the new government to assume office after the elections. Besides a clutch of changes to the Insolvency and Bankruptcy Code (IBC) aimed at expediting the resolutions and expanding the ambit...
NEW DELHI: India and Chinese Taipei have asked the WTO’s dispute settlement body not to adopt any ruling against New Delhi’s import duties on certain information and technology products till July 26 as both sides are engaged in resolving the matter, an official said. The issue came up during...
MUMBAI: Equity markets are impacted more by the expectations of future monetary policy than the policy rate surprises on the day of announcement of the policy by the Reserve Bank, said an analysis. According to a working paper prepared by RBI officials, the regulatory and development measures which are...
NEW DELHI: The government’s flagship pension scheme for the unorganised sector workers—Pradhan Mantri Shram Yogi Maandhan (PMSYM) yojana, meant to create a universal social security system for the vast informal sector, has logged just over five million subscribers since its inception in March 2019, thus raising questions on the...
NEW DELHI: Indian banks’ credit growth, profitability and asset quality would remain robust in current fiscal reflecting strong economic growth, but they may be compelled to slow down their loan growth as deposits are not growing at a similar pace, S&P Global Ratings has said. In the Asia-Pacific 2Q...
NEW DELHI: A fresh set of ‘alert indicators’ have been issued by India’s financial intelligence unit (FIU) for capital markets, insurance companies, online payment gateway intermediaries and crypto currency service providers for effective checking of suspicious transactions in their channels as part of the anti-money laundering and counter-terrorism financing...
NEW DELHI: Chennai-based startup The ePlane Company expects to develop a certifiable prototype of a flying electric taxi by March next year as it works on ways to alleviate urban congestion. Incubated out of the Indian Institute of Technology (IIT), Madras, the company also aims to initially commercialise its...
NEW DELHI: Industry body CII on Sunday announced it has launched a charter for startups that enlist voluntary recommendations on corporate governance keeping in view unique nuances to govern startups. The Corporate Governance Charter also prescribes guidelines appropriate for startups based on the specific stages of their life cycle....
NEW DELHI: Stainless steel products maker Sai Swami Metals & Alloys Ltd will hit the capital market on April 30 to raise around Rs 15 crore from public investors. The initial public offering of the company will open for subscription on the SME platform of BSE on Tuesday and...