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NEW DELHI: After NTPC Green’s Rs 10,000 crore initial public offer (IPO) expected around November, almost a dozen more such issues are likely to hit the market over the ensuing months, with state-run energy companies seeking to bolster the capital bases of their newly incorporated green subsidiaries. These IPOs...
NEW DELHI: India’s “promising economic performance” continues to be backed by resilient growth, robust economic activity indicators, price stability and steady external sector performance, the finance ministry said Thursday. However, geopolitical tensions such as those roiling West Asia, remain a concern although risk perceptions over them have softened, offering...
NEW DELHI: The World Bank, along with the Ministry of Electronics & Information Technology (Meity), is working on developing a state-level Digital Public Infrastructure (DPI) adoption index that will help boost the digital economy and support financial inclusion. In response to Business Standard’s queries, the World Bank said the...
ISLAMABAD: Pakistan business leaders in an interactive session with Prime Minister Shehbaz Sharif urged him to initiate trade talks with India to promote business and commerce which would greatly benefit the economy of the cash-strapped country. Posing tough questions during an hour-long meeting at the Sindh CM House here...
NEW DELHI: The commerce ministry has embarked on an exercise to identify and estimate the investments required for the country’s export infrastructure, after having set a target of $1 trillion merchandise export target by 2030, a senior official said Thursday. The exercise is being carried out in collaboration with...
NEW DELHI: Resilient growth, price stability and steady external sector outlook continue to support India’s promising economic performance amid uncertain global conditions, a Finance Ministry report said on Thursday. Overall, India continues to be the fastest-growing major economy, with positive assessments of the growth outlook for the current financial...
COLOMBO: India’s diversified entity ITC plans to open more hotels overseas with neighbouring countries and the Middle East as primary target markets after opening of its first international property here, company Chairman and Managing Director Sanjiv Puri said on Thursday. The company’s arm ITC Hotels, which had opened 22...
NEW DELHI: India’s services exports jumped 11.4 per cent to USD 345 billion in 2023 despite global economic uncertainties, while China’s shipments from the sector contracted by 10.1 per cent to USD 381 billion, according to a UNCTAD report. Sectors that contribute to India’s services export growth include travel,...
NEW DELHI: The commerce ministry has initiated an exercise to identify required infrastructure needs, potential sectors, and clusters which would help the country achieve the USD 1 trillion merchandise exports target by 2030, a senior government official said on Thursday. Additional Secretary in the Department of Commerce Anant Swarup...
NEW DELHI: Consumers sentiments in India’s housing market remain positive despite a rise in prices, according to realty portal Magicbricks. On Thursday, Magicbricks released a report ‘Housing Sentiment Index’ based on the survey of over 4,500 customers across 11 cities. “Despite inflationary pressures, the Housing Sentiment Index (HSI) across...
NEW DELHI: The Telecom Regulatory Authority of India (Trai) on Wednesday said the department of telecommunications (DoT) should allow sharing of all types telecom infrastructure between the operators, to reduce costs, improve quality of services, avoid duplication of investment, and provide timely services, among other things. Trai’s recommendation to...
KKR & Co. says the consumer sector will continue to provide investment opportunities in India, where the US buyout giant is also building out its private credit portfolio. The investment firm remains bullish on India’s domestic consumption story despite elevated valuations, according to Gaurav Trehan, head of Asia Private...
NEW DELHI: The Centre has drawn up a plan to streamline and strengthen incentive schemes for the micro small and medium enterprises (MSMEs), and this may be one of the priorities of the Narendra Modi government if voted back to power for a third term. The new measures being...
NEW DELHI: The Reserve Bank of India (RBI) on Wednesday asked private-sector lender Kotak Mahindra Bank to stop onboarding new customers through its online and mobile banking channels and barred it from issuing fresh credit cards. The regulator said the action was necessary as the bank failed to plug...
NEW DELHI: The country’s drugs and pharmaceuticals exports increased 9.67 per cent year-on-year to USD 27.9 billion in 2023-24, even as the total exports dipped by 3 per cent in the last fiscal. According to the commerce ministry data, pharma exports in March grew by 12.73 per cent to...
MUMBAI: The Indian IT services sector is staring at a second consecutive year of muted revenue growth due to modest increase in tech spends in Europe and the US, a domestic rating agency said on Wednesday. Crisil Ratings said it expects the sector to grow at 5-7 per cent...
NEW DELHI: Merger and acquisition (M&A) deal value soared by 60 per cent to USD 19.6 billion in January-March 2024, while that of private equity (PE) experienced a slight dip, according to a PwC India report. With 455 deals amounting to USD 25.6 billion disclosed value, the first quarter...
NEW DELHI: Close on the heels of receiving approval from the Petroleum and Natural Gas Regulatory Board (PNGRB), the Indian Gas Exchange (IGX) has launched contracts for small-scale Liquefied Natural Gas (ssLNG) on its platform in a bid to address the demand for fuel in areas not connected to...