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NEW DELHI: A manufacturing slowdown and slower public capex spending led to industrial growth easing to 3.8% in January compared with 4.2% in the previous month, showed government data released Tuesday. Mining expanded 5.9% in January compared with 5.2% in the previous month, whereas electricity production increased 5.6% from...
NEW DELHI: India’s headline inflation remained almost flat at 5.09% in February, compared with 5.1% in the previous month, prompting experts to believe that the Reserve Bank of India will hold interest rates steady at its next policy meeting in early April. “…three successive quarters of 8% plus GDP...
MUMBAI: The Securities and Exchange Board of India (SEBI) is expected to grant relief to foreign portfolio investors (FPIs) with concentrated holdings in Indian companies without a promoter group by exempting them from stricter disclosure requirements if there is no risk of breach of public holding norms. The board...
NEW DELHI: State-run coal companies are seeking a larger role in non-fossil energy. These firms have set a target of achieving 9 giga watt (GW) of renewable energy capacity by the year 2030, a major part of which solar energy. The move is expected to give a significant push...
MUMBAI: India’s real GDP growth in FY24 will be “closer” to 8 per cent on higher activity in industry and services verticals, Chief Economic Advisor V Anantha Nageswaran said on Tuesday. Addressing a conference organised by ARIA (Association of Registered Investment Advisors) virtually, Nageswaran said the growth will be...
NEW DELHI: Commerce and Industry minister Piyush Goyal has exuded confidence that during this fiscal, the country’s goods and services export numbers will be at the same level; as it was last year despite slowdown and uncertainties in the global trade. He also said that the government measures such...
NEW DELHI: On the fourth anniversary of the COVID-19 pandemic, a study has said that global life expectancy dropped by 1.6 years between 2019 and 2021, a sharp reversal from past improvements. The research is published in The Lancet journal. COVID-19 was declared a global pandemic by the World...
NEW DELHI: Alphabet Inc-owned Google has joined hands with Election Commission of India (ECI) to prevent spread of false information, promote authorised content and label AI-generated data during the upcoming general elections. Google India in a blog post on Tuesday said its product features are designed to elevate authoritative...
NEW DELHI: Tata Power Solar Systems (TPSSL) on Tuesday said it has commissioned 100 MW solar PV project, coupled with 120 MWh utility scale battery energy storage systems (BESS), at Rajnandgaon in Chhattisgarh. TPSSL bagged the Rs 945-crore project on EPC (engineering procurement construction) basis from the Solar Energy...
NEW DELHI: Passenger vehicle wholesales in India rose 11 per cent year-on-year in February, as sports utility vehicles continued to steer demand in the market, industry body SIAM said on Tuesday. The total passenger vehicle dispatches to dealers last month stood at 3,70,786 units, as compared to 3,34,790 units...
MUMBAI: The peer-to-peer (P2P) lending industry is currently in a recalibration phase as companies are awaiting clarity from the Reserve Bank of India (RBI) on specific issues. Some platforms have scaled back on their partnerships with large consumer-facing companies and witnessed a slowdown in growth. The RBI has increased...
NEW DELHI: Many developed and developing countries including Bangladesh, Sri Lanka, and nations of the Gulf region are keen to start trade in rupee with India as it would help cut transaction costs for businesses, Commerce and Industry Minister Piyush Goyal has said. He expressed confidence that the development...
NEW DELHI: The Central Board of Indirect taxes and Customs (CBIC) is planning to prepare a list of products which end up in litigation purely due to classification issues. The fitment committee is likely to look into such items where there is a minor change in composition but the...
LONDON/NEW DELHI: India remains the world’s top arms importer and its imports increased by 4.7 per cent between 2014–2018 and 2019–2023, Swedish think tank SIPRI said in a new report on Monday. Russia continued as India’s main arms supplier, the Stockholm International Peace Research Institute (SIPRI) said, adding around...
BENGALURU: India Inc’s hiring sentiment for the April-June quarter is the highest across 42 countries covered in a global survey by workforce solutions company ManpowerGroup. The net employment outlook seen as a bellwether of labour market trends in India for the next quarter at 36% is 14 percentage points...
NEW DELHI: The government has abolished wireless operating licence and launched a regulatory sandbox for quick and online approval of product testing, Union Communications and IT Minister Ashwini Vaishnaw said on Monday. While speaking at the curtain raiser of the telecom sector event India Mobile Congress (IMC) 2024, the...
NEW DELHI: The Department of Pharmaceuticals has revamped a scheme which entails financial assistance to drug companies to help them upgrade their facilities to produce medicines conforming to global standards, an official release said on Monday. As per the revamped Pharmaceuticals Technology Upgradation Assistance Scheme (PTUAS), the government has...
MUMBAI: Sebi chairperson Madhabi Puri Buch on Monday said there are pockets of “froth” in small and mid-cap stocks which appear like “irrational exuberance” to the capital markets regulator. Buch also said that Sebi has evidence, pointing to signs of “price manipulation” in the small and medium enterprises (SME)...