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NEW DELHI: Investment vehicles for realty and infrastructure sectors — REITs and InvITs — have garnered Rs 1.3 lakh crore in the past four years till March-end, and are expected to facilitate more pooled funds, Reserve Bank said in a report. Experts and stakeholders are of the view that...
MUMBAI: All India Management Association, a federation of Local Management Associations (LMAs), has witnessed a 20 per cent growth in registration for MAT (management aptitude test) in 2023 compared to the pre-Covid year. MAT has actively expanded its test centers across the country, making the examination more accessible to...
NEW DELHI: Extreme weather events may pose a risk to India’s inflation in the near-term, along with geopolitical tensions that could keep crude oil prices “volatile”, the Reserve Bank of India (RBI) said in its April Bulletin. Retail inflation in March eased 4.85%, after averaging 5.1% in January-March. Food...
NEW DELHI: India’s agriculture exports strategy is being reworked with greater focus on products whose trade is not regulated. The government has identified 20 farm products whose global imports are over $ 405 billion for focussed push in the coming years, official sources said. India’s share in the world...
MUMBAI: Foreign investors turned bullish on public sector banks (PSBs) in the fourth quarter while their interest waned in the private lenders. Foreign portfolio investors (FPIs) have trimmed their stake by up to 6% in nine private banks, but raised their holdings in 10 PSBs by up to 3%....
NEW DELHI: India’s private sector activity strengthened in April, helped by positive demand trends that fuelled new business intakes and output. In both the cases, the rates of expansion remained the fastest in nearly 14 years, said a survey by HSBC on Tuesday. According to the survey, the headline...
NEW DELHI: The telecom sector witnessed a 1.88 per cent sequential growth in adjusted gross revenue (AGR), reaching Rs 67,835 crore in the third quarter (October-December) of FY24, data released by the Telecom Regulatory Authority of India (TRAI) on Tuesday shows. AGR is the basis on which the Department...
NEW DELHI: Housing demand and prices are likely to moderate this fiscal on a high base effect with sales expected to rise 8-10 per cent and rates by around 5 per cent annually, India Ratings and Research (Ind-Ra) said on Tuesday. The rating agency has maintained a neutral outlook...
NEW DELHI: Karnataka and Gujarat continue to lead the race to clean energy transition, but states like Jharkhand, Bihar, West Bengal and Uttar Pradesh need to step up efforts, according to a new report released on Tuesday. The joint report by research organisation, Institute for Energy Economics and Financial...
NEW DELHI: Shares of Reliance Industries Ltd on Tuesday climbed nearly 1 per cent after the company’s annual earnings hit a record high. The stock advanced 0.85 per cent to Rs 2,986.05 on the BSE. At the NSE, it climbed 0.92 per cent to Rs 2,987 apiece. The company’s...
NEW DELHI: None of the G7 members are on track to meet their existing emission reduction targets for 2030, according to a new analysis released on Tuesday. The analysis by Climate Analytics, a global climate science and policy institute, comes ahead of the G7 climate, energy, and environment ministers’...
NEW DELHI: Fintech company Razorpay on Tuesday launched its own UPI infrastructure with ‘UPI Switch’, a cloud-based innovation in partnership with Airtel Payments Bank, and said the solution is geared to ensure smoother and faster transactions. Boosting success rates by 4-5 per cent, the solution is designed to handle...
NEW DELHI: The government is taking a slew of steps to rein in prices of food items, given that even the latest retail food inflation print was higher than projected by the Reserve Bank of India. The new set of measures come at a time when projections of “above-normal”...
NEW DELHI: The government is exploring policy mechanisms to capture the increase in land value resulting from road projects, including auctioning exits at greenfield expressways and ‘betterment’ levy, as it looks to ramp up funding for infrastructure creation, a senior official told ET. In this regard, the roads ministry...
MUMBAI: In the aftermath of the Reserve Bank of India(RBI) measures on unsecured consumer credit, banks and non-bank lenders are looking to reduce their personal loan portfolios. This will lead to a fall in the personal loan mix within the overall co-lending assets under management, say experts. “Considering the...
MUMBAI: Missing analysts’ estimate, Mukesh Ambani-promoted Reliance Industries Limited (RIL) on Monday reported a 1.8 per cent year-on-year (Y-o-Y) decline in its consolidated net profit (attributable to the owners of the company) for the quarter ended March 2024 (Q4FY24) because of higher tax expenses. At Rs 18,951 crore, the...
More than 70% of the global workforce is exposed to risks linked to climate change that cause hundreds of thousands of deaths each year, the International Labour Organization (ILO) said on Monday, adding governments would need to act as the numbers rise. Workers, especially the world’s poorest, are more...
NEW DELHI: India’s major ports saw a 5 per cent-odd y-o-y increase in cargo traffic, including container movement, to 819.3 million tonnes (mt), driven by rising iron ore exports and increasing coking coal imports. Cargo traffic in the earlier fiscal (FY23) was 784.3 mt, data by the Indian Ports...