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NEW DELHI: Retail inflation eased to a 10-month low of 4.85% in March while industrial output hit a four-month high of 5.7% in February, data released Friday showed. With inflation maintaining its downward trajectory, the print — which was below 5% for the first time in five months —...
NEW DELHI: Moody’s on Friday retained India’s rating, maintaining a stable outlook and projecting well over 6% economic growth over the next two fiscal years. The global rating agency kept the country’s long-term and short-term ratings unchanged at Baa3 and P-3, respectively, after a periodic review, citing a gradual...
NEW DELHI: The Telecom Regulatory Authority of India (TRAI) on Friday proposed that the government should provide funding for testing new products in the communications sector as some innovations can potentially bridge the digital divide. The proposal was a part of the recommendations released by the TRAI aimed at...
MUMBAI: State Bank of India (SBI) has approached the Reserve Bank of India (RBI) to put a cap on non-banking financial companies’ (NBFCs) lender base. Currently, many NBFCs borrow from over 50-60 lenders at the same time. The country’s largest bank believes that large number of lenders dilutes the...
MUMBAI: Vodafone Idea Limited (VIL) is set to launch a follow-on public offering (FPO) worth Rs 18,000 crore next week. The move is an attempt by the beleaguered telecom service provider to bolster its balance sheet and hold its own against formidable rivals, such as Reliance Jio Infocomm and...
NEW DELHI: The government is considering allowing sugar mills to manufacture ethanol using their excess B-heavy molasses as feedstock, amid comfortable sugar supply and stable prices in the market, according to sources. Currently, sugar mills are holding an excess stock of more than 8 lakh tonnes of B-heavy molasses...
NEW DELHI: The Centre has pegged lower the consumption of urea and di-ammonium phosphate (DAP) while raising the expected sales of muriate of potash (MOP) and complex fertilizer during kharif 2024 against the actual sales of these crop nutrients last year. The government prepares the demand estimates for all...
The country’s power distribution entities (Discoms) are weighing the Day Ahead Market (DAM) for affordable procurement of power on apprehensions of prices rising on the back of increased demand for electricity during peak summer months. “Considering the expected surge in electricity demand, many discoms entered into forward contracts through...
NEW DELHI: India, which maintains the world’s second largest operating coal-fired capacity, announced 11.3 gigawatts (GW) of new thermal power plants (TPPs) running on dry fuel — the highest in the last seven years. According to the Boom and Bust Coal 2024 report by the Global Energy Monitor (GEM),...
NEW DELHI: The government has set the target of producing 170 million tonnes of coal from captive and commercial coal blocks in the country during the current financial year. In FY24, captive and commercial coal blocks produced 147.12 million tonnes (MT) of dry fuel, 26 per cent higher from...
NEW DELHI: The Asian Development Bank (ADB) on Thursday upgraded India’s gross domestic product (GDP) growth forecast for 2024-25 (FY25) to 7 per cent from 6.7 per cent earlier, citing better prospects of robust public and private investment and strong services sector growth. However, it said unanticipated global shocks,...
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...