MUMBAI: Citing the early impact of the ongoing Iran war which has spiked energy prices massively apart from disrupting supply chains, rating agency Icra expects the March quarter growth to moderate to a three-quarter low of 7%, down from 7.8% in the previous quarter and the full-year growth to...
MUMBAI: The rupee on Tuesday closed at a new low against the dollar for the seventh consecutive session, weighed down by elevated crude oil prices, hardening US Treasury yields, and sustained foreign fund outflows. The Indian currency settled at a record closing low of 96.53 per dollar, compared to...
MUMBAI: The Reserve Bank of India is unlikely to either raise or cut the repo rate during the rest of FY27 and is expected to maintain status quo at 5.25 per cent, according to a report by India Ratings and Research, which said inflation is likely to remain within...
MUMBAI: To ensure greater consistency with the Basel Pillar 3 disclosure requirements, the Reserve Bank of India (RBI) on Tuesday released draft norms on commercial banks’ capital adequacy with the aim of reducing information asymmetry and promoting comparability of banks’ risk profiles. “Pillar 3 of the Basel Framework aims...
NEW DELHI: To avoid delays in the appointment of insolvency professionals (IPs) during the bankruptcy process, the government has come out with a fresh set of guidelines that mandate Insolvency and Bankruptcy Board of India (IBBI) to define the eligibility criteria for the IPs besides preparing a panel of...
NEW DELHI: Capital expenditure growth by Corporate India could moderate sharply to just around 4% annually over the next two years, Moody’s Ratings said in a report on Monday, signalling a further delay in the long-awaited investment cycle and a serious blow to the country’s medium-term economic growth. Between...
GOTHENBURG/NEW DELHI: Asserting that India’s “reform express” is going at full speed, Prime Minister Narendra Modi on Sunday asked Swedish companies to enhance their presence in manufacturing, green hydrogen mission, clean energy and other sectors. Wooing European companies, Modi highlighted the potential in five broad areas, including telecom and...
BHUBANESWAR: India’s financial ecosystem is becoming increasingly resilient, driven by disciplined domestic investors, regulatory reforms and expanding participation from smaller cities and states, Securities and Exchange Board of India (Sebi) Chairman, Tuhin Kanta Pandey, said on Monday. The West Asia crisis has undoubtedly created global economic uncertainty, he said....
NEW DELHI: India could emerge as a $7 billion contract manufacturing hub for global medical device companies by 2035, as multinational firms diversify supply chains beyond China and India deepens its domestic manufacturing ecosystem, according to a report by Boston Consulting Group (BCG), the Association of Indian Medical Device...
NEW DELHI: India’s lithium imports have surged more than ten-fold in eight years, reflecting the rapid expansion of the electric vehicle (EV) market and rising demand for battery storage, even as domestic manufacturing capacity continues to lag behind consumption growth. According to data from the ministry of commerce and...
NEW DELHI: India and the Netherlands announced 17 outcomes at the end of Prime Minister Narendra Modi’s two-day visit to that country, which concluded Sunday afternoon. Commitments included deepening bilateral cooperation in semiconductors, critical minerals, renewable energy and green transition, defence co-production, mobility, horticulture and dairying. The Netherlands is...
NEW DELHI: Capital expenditure by state governments likely grew a modest 5% year-on-year in 2025-26, as fiscally cautious states put the brakes on borrowings despite a moderation in tax revenue growth. Aggregate capital outlay by 18 major states rose 4.7% year-on-year to Rs 6.19 lakh crore in FY26. These...
NEW DELHI: Free Trade Agreements (FTAs), reduction in import tariffs and improvement in business environment would encourage higher net foreign capital inflows into India, which have moderated in recent years, ADB Chief Economist Albert Park has said. During 2021-22, India attracted net Foreign Direct Investment (FDI) of $38.6 billion,...
MUMBAI: Prudential plc on Sunday said it would acquire a 75 per cent stake in Bharti Life Insurance—promoted by billionaire Sunil Mittal’s Bharti Enterprises—for ₹3,500 crore, subject to regulatory approvals. Subsequently, Prudential will reduce its holding in ICICI Prudential Life Insurance to below 10 per cent from its nearly...
NEW DELHI: The continued attempts at diversification of Indian exports has led to significant expansion of products and market footprint in 2025-26 generating additional exports of $ 202.2 million The strongest value contribution to the diversification came from advanced engineering and industrial sectors. “The trend highlights a gradual shift...
NEW DELHI: India’s merchandise exports rose 13.8 per cent year-on-year in April to a four-year high of $43.56 billion, according to the commerce ministry data released on Friday, despite supply-chain disruptions linked to the crisis in West Asia. Still, the trade deficit widened to a three-month high of $28.38...
NEW DELHI: Prime Minister Narendra Modi’s brief stopover in Abu Dhabi on Friday saw India and the United Arab Emirates (UAE) sign six agreements aimed at deepening energy and defence ties. The UAE also announced its entities would invest $5 billion in India. The PM’s visit coincided with the...
MUMBAI: India’s direct selling industry recorded turnover of Rs 23,021 crore in FY2024-25, up 4 per cent from Rs 22,142 crore in the previous fiscal, according to the Direct Selling Industry 2025 Outlook released by the Indian Direct Selling Association (IDSA). The report states that the industry grew at...