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MUMBAI: Banks have made representations to the Reserve Bank of India (RBI) urging flexibility on maintenance of a key reserve requirement at a time when the central bank is taking stock of lenders’ preparedness for sudden deposit outflows in the era of 24×7 banking transactions, especially after such events...
NEW DELHI: India has begun looking at several products where taxes on input items are higher compared to the finished goods as part of a comprehensive review of its trade pact with the 10-member ASEAN to correct several anomalies that have undermined domestic manufacturing. Imbalances in import duties, rules...
MUMBAI: Engineering insurance premiums in India have doubled in four years on the back of a surge in infrastructure investments during the period. The gross direct premium underwritten in the engineering segment has risen to Rs 4,848.06 crore in the April-February period (11 months) of 2023-24, or FY24 (the...
NEW DELHI: Hiring women for a more inclusive workplace is just one aspect of the problem faced by global corporations today. The other and more significant challenge for companies is making them future-ready. A research shared exclusively with TOI shows 73% of companies are focused on enhancing women’s development...
WASHINGTON: Silicon Valley is super excited about India, whose leadership has shown a commitment towards entrepreneurship, Anita Manwani, TiE president has said. The Indus Entrepreneurs (TiE) Silicon Valley is a nonprofit organisation in the US devoted to entrepreneurs in various industries. “I am super excited and I think Silicon...
NEW DELHI: iPhone maker Apple has warned its users about ongoing Pegasus-like sophisticated spyware attacks that target a very small number of individuals often journalists, activists, politicians and diplomats. Though deployed against a small number of individuals and often involve exceptional costs, mercenary spyware attacks are “ongoing and global”,...
MUMBAI: The government’s focus on infrastructure development, coupled with buoyant business optimism, could nurture a sustained revival in the investment cycle, according to a Reserve Bank report. According to the RBI’s Monetary Policy Report- April 2024, domestic economic activity, backed by strong fundamentals, remained robust in the first half...
NEW DELHI: Digi Yatra is likely to be rolled out at 14 more airports by the end of this month and efforts are on to make the facility more user friendly with certain changes in the architecture, according to a top executive. Based on Facial Recognition Technology (FRT), Digi...
NEW DELHI: The Young FICCI Ladies Organisation (YFLO), Delhi, the women’s wing of FICCI, has appointed Dr. Payal Kanodia as the new Chairperson for the year 2024-25. Dr. Payal Kanodia is a Chairperson & Trustee of M3M Foundation, and a Promoter in M3M Group. Popularly known as a ‘change-maker’...
NEW DELHI: States capital expenditure likely rose by a third on year in the first eleven months of 2023-24 compared with a 12% rise in the year-ago period, aided by their robust revenue growth and the Centre’s interest-free capex loans. A review of the finances of 18 states- Tamil...
NEW DELHI: Telecom operators, Reliance Jio, Bharti Airtel and Vodafone Idea have demonstrated rare unanimity in opposing the sector regulator’s proposal to have more stringent provisions for improving the quality of services. Consumer advocacy groups, however, have backed the regulator in demanding guardrails that hold telcos accountable for the...
NEW DELHI: India is likely to experience a normal southwest monsoon in 2024, according to Skymet, a private weather-forecasting agency. This prediction offers a glimmer of hope in the ongoing battle against inflation. Monsoon rainfall between June and September is expected to be 102 per cent of the long-period...
NEW DELHI: With the Indian Meteorological Department (IMD) projecting a hot summer, with above-normal temperatures and an above-normal number of heatwave days from March to May, all precautions have been taken to ensure the current summer doesn’t see serious power outages, government sources say. Experts see demand for power...
MUMBAI: Housing Finance companies (HFCs) are reducing their exposure to the high-yielding builder loans due to the build-up of stressed assets in the segment. A recent report from CareEdge ratings estimates that the builder loan mix of housing finance companies fell to 6.7% as on March 31 from nearly...
MUMBAI: More and more Indians are looking for solo travelling to countries like the UAE, Egypt, Singapore and Vietnam, a report said on Tuesday. Solo travellers represented about 65 per cent of visa applications for the UAE, 60 per cent for Egypt, 40 per cent for Singapore and 45...
NEW DELHI: A former unit of Russian energy giant Gazprom said sanctions by Moscow had led to disruption in its sources of supplies, leading to the default in supply to Indian gas utility GAIL. GAIL had in December last year filed an arbitration claim before the London Court of...
MUMBAI: The Reserve Bank has launched the next round of quarterly order books, inventories and capacity utilisation survey of manufacturing companies, a key input for the monetary policy formulation. The 65th round of survey is for the reference period January-March 2024 (Q4:2023-24), the central bank said. The Reserve Bank...
MUMBAI: Benchmark equity indices hit new peaks on Tuesday with Sensex breaching the historic 75,000-mark for the first time during intra-day before ending the session marginally lower on profit-booking at higher levels. Putting a break on its record-breaking rally, the 30-share BSE Sensex declined 58.80 points or 0.08 per...