Business
Food Inflation To Moderate In Coming Months: Finance Ministry
NEW DELHI: A bumper kharif harvest will lower food inflation in the coming months and India’s short-term economic outlook is cautiously optimistic, the finance ministry aid in a report on Monday. “Bright agricultural production prospects make the inflation outlook benign, despite existing price pressures in select food items. Early...
GDP Likely Grew At 6-Quarter Low Of 6.3% In Q2FY25: Economists
NEW DELHI: India’s economic growth likely slowed down to a six-quarter low of 6.3% in Q2FY25, mainly due to a moderation in growth of both manufacturing and services sectors, going by the median of poll among 18 economists. In Q1 of FY25, the gross domestic product (GDP) had grown...
S&P Global Cuts India’s FY26 GDP Growth Forecast To 6.7% From 6.9%
NEW DELHI: Credit ratings agency S&P Global on Monday pared down its growth forecast for India to 6.7 per cent in FY26 from the earlier estimate of 6.9 per cent. However, in its latest quarterly economic update for Asia-Pacific, the rating agency maintained its growth forecast for the current...
TotalEnergies Pauses Investments In Adani Group After Bribery Charges
MUMBAI: Coal-to-airports conglomerate Adani group started the week navigating conflicting signals from its global investors. While French energy giant TotalEnergies on Monday announced a pause on new investments citing corruption allegations by the US Securities and Exchange Commission (SEC), Florida-based GQG Partners expressed its confidence in the group, emphasising...
NFRA Moves To Extend Company Audit Rules To Limited Liability Partnerships
NEW DELHI: The National Financial Reporting Authority (NFRA) on Monday recommended that the auditing standards proposed for companies be made applicable to limited liability partnerships (LLPs) as well, according to a press statement. The decision to make these recommendations to the Ministry of Corporate Affairs was made during its...
India’s GenAI Ecosystem Soars With 6 Times Growth In Q2FY25 Amid Global Slump: Nasscom Report
NEW DELHI: India’s Generative AI ecosystem has grown remarkably amid a global downturn, recording an impressive 6 times growth in quarterly investments driven by B2B and productivity solutions, according to a report by IT industry body nasscom. Nasscom on Monday released the “Generative AI Tracker: Tech Industry Activity in...
Coal India Floats Tender Seeking Bids From Private Players For E-Auction
KOLKATA: Despite having switched to its internal e-auction platform in January this year, Coal India Ltd (CIL) has floated a tender seeking bids from private service providers to conduct e-auctions of the dry fuel for its subsidiaries over the next two years, officials said on Monday. This move has...
About Seven Per Cent Workforce Growth Expected In H2 Driven By Logistics, E-Comm: Report
MUMBAI: With 59 per cent of employers planning to increase headcount in October-March FY25, 7.1 per cent workforce growth is expected during the period, driven by logistics, e-commerce, and manufacturing sectors, a report said. According to TeamLease Services ‘Employment Outlook Report for October 2024 to March 2025’, an additional...
India’s Economic Outlook For Coming Months ‘Cautiously Optimistic’: Finmin Report
NEW DELHI: India’s economic outlook for the coming months is ‘cautiously optimistic’, with agriculture likely to benefit from favourable monsoon conditions, increased minimum support prices and adequate supply of inputs, the finance ministry said in a report. “Bright agricultural production prospects make the inflation outlook benign, despite existing price...
Edible Oil Body SEA Urges Govt To Lift Ban On Commodity Futures Trading
NEW DELHI: Edible oil industry SEA on Monday called on the government to lift a ban on futures trading in key agricultural commodities, including crude palm oil and soyabean, citing significant financial impact on its members. The ban, first implemented in December 2021 on seven agricultural commodities, has been...
55% Of Indian Economy Continues To Grow Positively: Report
NEW DELHI: A major portion of the Indian economy, 55 per cent, is witnessing an upward trend despite fluctuations, recent report by HSBC Global Research. The report noted that the economy was falling into a moderate track following a period of rapid stock market gains and robust GDP growth....
More Sops Likely For Manufacturing Sector
NEW DELHI: The government has started internal discussions on ways to revitalise the manufacturing sector, with a new set of incentives, as the preparations for Budget FY26 is under way. While investments in a clutch of sectors are already being promoted via production-linked incentives, what is being looked at...
India-UK Bridge: Government Eyes Push To Roads, Renewables
NEW DELHI: Government is pitching roads, renewables and rapid transit projects for development under the India-UK investment bridge and is willing to tailor the design based on feedback so that there is greater participation from global investors. Representatives from the City of London Corporation, officials from Niti Aayog and...
New Bill Proposes Multiple Nominees For Bank Fixed Deposits To Ease Fund Distribution After Death
NEW DELHI: A crushing experience in the trail of destruction left by Covid was the inability of family members to freely withdraw and distribute money by breaking the bank fixed deposits (FDs) after the death of the prime earner, who, in many cases, was the sole account holder. The...
India Emerges As Major Hub For Global Capacity Centres
NEW DELHI: India has emerged as a major innovation hub with developers saying global capacity centres (GCCs) account for about half the fresh quality office property inventory in the country. Between Q1 2023 and Q4 2024, 124 new companies transacted GCC deals and took up office space for greenfield...
Mobile Industry Seeks Enhanced Air Cargo Handling Capacity
NEW DELHI: Mobile phone players want Indian airports to ramp up their existing cargo handling capacity to support a projected eight-fold increase in device exports to USD 180 billion by 2030, industry body ICEA said. India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo told PTI that the turnaround...
India’s 26 Major Listed Realty Firms Sell Rs 35,000 Crore Worth Properties In Q2
NEW DELHI: India’s 26 major listed real estate firms have sold properties worth nearly Rs 35,000 crore during the September quarter with Godrej Properties reporting highest sales bookings. According to the data compiled from regulatory filings, the 26 major listed realty firms have reported a combined sales bookings of...
National Consumer Helpline To Roll Out AI-Based Features, Partners With 1,000 Firms
NEW DELHI: National Consumer Helpline (NCH) is set to introduce artificial intelligence-based features including speech recognition and multilingual chatbots as part of a major upgrade to its consumer grievance system. The helpline has also announced partnerships with over 1,000 companies to expedite complaint resolution. The new AI capabilities, dubbed...
