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BAGHPAT/MEERUT (UP): The farm community in western Uttar Pradesh has given a mixed response to the government’s decision to increase Fair and Remunerative Price (FRP) of sugarcane to Rs 340 per quintal. The Union Cabinet on Wednesday decided to hike the minimum price that mills have to pay to...
NEW DELHI: India has reported a 44 per cent fall in solar installations at 7.5 gigawatt in 2023 due to land acquisition-related issues, research firm Mercom Capital said on Thursday. According to the US-based research firm’s latest report, a total of 13.4 gigawatt (GW) solar capacity was installed in...
NEW DELHI: Telecom operator Vodafone Idea (VIL) on Thursday said its board will meet on February 27 to consider fundraising proposals. In a statutory filing, VIL said the board of directors will consider and evaluate all proposals for “raising of funds in one or more tranches by way of...
NEW DELHI: Markets regulator Sebi has ordered the attachment of bank accounts as well as shares and mutual fund holdings of Dheeraj Wadhawan and Kapil Wadhawan, the former promoters of Dewan Housing Finance Corp Ltd (DHFL), to recover dues totalling over Rs 22 lakh. This came after the brothers...
NEW DELHI: Union Minister Ashwini Vaishnaw on Thursday expressed confidence that India will continue to demonstrate a 6-8 per cent consistent growth rate over the next 10 years as he invited global players to the country to tap domestic and global markets. India is open to the world, and...
MUMBAI: The Reserve Bank of India (RBI) will meet banks to sort out the grey areas in overseas investment (OI) regulations which have stalled the plans of several wealthy Indians, business families, and startups from taking exposures to foreign securities, funds and companies. Can a resident individual subscribe to...
NEW DELHI: Morgan Stanley Research said on Wednesday that it expects India’s GDP growth for FY25 to moderate to 6.5 per cent from 6.9 per cent projected for FY24. ICRA, meanwhile, has projected the year-on-year (Y-o-Y) GDP growth to moderate sequentially to 6 per cent in Q3 FY24 from...
MUMBAI: The Insurance Regulatory and Development Authority (Irdai) is planning to introduce collaterals for reinsurance transactions with Cross Border Reinsurers (CBR). The proposed guidelines given in an exposure draft will be applicable for all the reinsurance placements with CBRs by cedants or insurers from India, for reinsurance programmes from...
India is poised to overtake China as the largest member of the World Trade Centers Association (WTCA) in the next five years, its chairman said, underscoring a hitherto circumspect New Delhi’s rapid global strides that neatly dovetail into a China-plus-one corporate sourcing strategy aimed at derisking supply chains across...
NEW DELHI: Finance minister Nirmala Sitharaman on Wednesday met financial sector regulators where a key item on the agenda was uniform KYC norms, an issue which has remained under discussion for long but has not been implemented. The idea is to implement a seamless KYC system, like the mutual...
NEW DELHI: India must focus on exports to achieve 10 per cent economic growth, Arvind Panagariya, Chairman of the 16th Finance Commission, has said. Panagariya also said that the temptation of import-substituting industrial policy is not unique to India. “I have looked at successful countries such as…Singapore, Taiwan, South...
NEW DELHI: India and Greece on Wednesday here reviewed the entire gamut of their bilateral ties and agreed to firm up a migration and mobility agreement soon, besides ramping up their overall cooperation in the areas of trade, defence production and to combat terrorism. These were the main takeaways...
MUMBAI: The Indonesian Tourism Ministry hopes to double Indian tourist arrivals to 1.2 million in 2024 with additional flights and a proposed visa-free entry scheme. Last year, Indonesia received 11.7 million tourists from around the world, which was 98 per cent higher compared to 2022. This included 6,10,000 Indian...
Over one-third of India’s export of oil products to the G7-led coalition countries was derived from Russian crude, a European think-tank said, highlighting how the partners shunned buying Russian crude and imposed price caps but a loose policy on refined product allowed third countries to use Russian oil and...
NEW DELHI: NMDC is expecting “stabilisation” and “break-even” of its recently-commissioned steel plant, NMDC Steel Ltd (NSL) — now a separate listed entity — by mid-FY25. Break-even is expected as production at the Nagarnar plant (Chhattisgarh) remains consistent at around 1.6-1.8 lakh tonne per month (of crude steel) or...
MUMBAI: A strategic realignment of government spending is expected to lead to a decline of the general government debt-GDP ratio to 73.4 per cent by 2030-31 from an estimated 81.6 per cent in 2023-24, according to a report by the Reserve Bank of India which is in contrast to...
NEW DELHI: The government will invite private firms to invest about $26 billion in its nuclear energy sector to increase the amount of electricity from sources that don’t produce carbon dioxide emissions, two government sources told Reuters. This is the first time New Delhi is pursuing private investment in...
NEW DELHI: India will oppose extension of moratorium on customs duties on cross-border e-commerce beyond 2024 and an attempt by a China-led group to bring in investment facilitation agreement within the World Trade Organisation (WTO) framework during the 13th ministerial conference of the global trade regulating body in Abu...