MENU 
NEW DELHI: India is proposing to expand the ambit of a key capital goods promotion scheme to include more sectors such as pharmaceuticals and textiles. The current capital goods promotion scheme focuses heavily on electrical component and automobile manufacturing, and the government is now keen to extend support to...
MUMBAI: Lenders raised deposit rates by an average 96 basis points through FY24 despite the Reserve Bank of India (RBI) holding policy rates steady since February 2023, a State Bank of India research report said this week, pointing to industry-wide efforts at deposit mobilisation to meet sustained credit demand...
NEW DELHI: The Centre is likely to top up the 50-year interest-free capex loans to states by 15% to Rs 1.5 trillion in 2024-25 from Rs 1.3 trillion provided in the interim Budget. This is because of the increased demand from states for the liberal loan facility aimed at...
WASHINGTON: India is not reaping the benefits of democratic dividends, former RBI governor Raghuram Rajan said Tuesday, emphasizing that there is need to focus on improving the human capital and enhancing their skill sets. “I think we are in the midst of it (democratic dividend), but the problem is...
NEW DELHI: India’s power consumption grew nearly 10 per cent year-on-year to 70.66 billion units (BU) in the first half of April this year, showing improvement in economic activities and consumption patterns, according to the power ministry data. According to the data, power consumption in the country rose to...
MUMBAI: Women’s participation in technology roles in non-tech businesses is expected to grow by nearly a quarter by 2027 across all levels, including freshers, junior, mid-senior, leadership, and C-Suite levels, a report said on Wednesday. The tech women’s participation rate in non-tech industries stood at 19.4 lakh workforce in...
CHENNAI: Toy manufacturer Funskool India, part of tyre major MRF Group, has taken up expansion at its manufacturing facilities in Tamil Nadu to make India a global hub for toy manufacturing. The expansion work at its premises in Ranipet, would effectively double the manufacturing capacities. The upgraded facilities in...
NEW DELHI: Daimler India Commercial Vehicles on Wednesday said it plans to foray into the domestic battery electric segment with the launch of the all-electric next-generation light duty truck eCanter in the next 6-12 months. The all-new next-generation eCanter had its world premiere in Japan and Europe in the...
NEW DELHI: The International Monetary Fund (IMF) raised India’s growth forecast to 6.8% for FY25, from 6.5% projected in January, on the back of the domestic economy’s strength. India remains the world’s fastest growing economy. The multilateral institution also revised upward the 2024 growth forecast for the world economy...
BENGALURU/MUMBAI: After releasing guidelines for online payment aggregators like Razorpay and Cashfree, the Reserve Bank of India on Tuesday issued draft rules to regulate point-of-sale payment service providers (PA-P). Companies like Innoviti Payments, Pine Labs and MSwipe will be brought under regulatory cover now. The regulator said companies providing...
NEW DELHI: India’s unemployment rate is anticipated to decline by up to 97 basis points by 2028, according to a new report released by the Observer Research Foundation (ORF) on Tuesday. The report, titled India Employment Outlook 2030, highlights projections indicating a decline in the unemployment rate from 4.47...
India on Tuesday called for decisive action on Security Council reform, championing an inclusive framework that truly represents the dynamic global landscape of today. During the 6th round of the intergovernmental negotiations on Security Council reform on Tuesday (local time), the Permanent Representative of India to the United Nations...
NEW DELHI: The government has no plans to monetise its stake in Vodafone Idea, Tuhin Kanta Pandey, secretary, department of investment and public asset management told Fe, ahead of the mega follow-on public offer (FPO) by the telecom operator. The telco is hitting the market with an Rs 18,000...
NEW DELHI: The power ministry is likely to focus on augmenting transmission lines, finalising the hydro policy, viability gap funding for battery storage systems and boosting pumped hydro storage projects in the first 100 days of the new government. A senior government official told ET that the ministry will...
NEW DELHI: Coal India’s (CIL) capital expenditure as whole has risen by 6.5% on year to Rs.19,840 crore ending FY 2024, the highest till date. Comparatively, the capex was Rs. 18,619 crore in the preceding fiscal year. CIL achieved 120% target satisfaction over the year’s capex target of Rs....
NEW DELHI: Just ahead of its mega FPO opening to public investors, Vodafone Idea (VIL) has announced closure of its anchor book allocation, raising about Rs 5,400 crore from marquee global as well as domestic investors, according to a statutory filing by the telco. This could be the third-largest...
NEW DELHI: Shares of Jio Financial Services Ltd on Tuesday climbed 5 per cent after the company announced a 50:50 joint venture with BlackRock for setting up a wealth management and broking business. The stock gained 4.89 per cent to Rs 371.75 on the BSE. On the NSE, shares...
MUMBAI: Equity benchmark indices continued to slump in early trade on Tuesday on fears of escalating tensions in the Middle East and weak global trends. Foreign fund outflows and uptick in Brent crude oil prices also dented investors’ sentiment. Continuing its downtrend for the third day running, the 30-share...