Business
Private Sector In India Stays Positive Despite Slight Dip In Confidence, Survey Finds
NEW DELHI: Private sector companies in India remain optimistic about demand conditions over the next 12 months, according to a private survey released on Wednesday. New projects, product differentiation, advertising and tech investment are some of the key reasons behind this confidence, the survey mentioned. The HSBC India Business...
US Tariffs Unlikely To Dent Steel Companies As Exports Share Low
NEW DELHI: The 25% tariffs imposed by the US on its steel and aluminium imports are unlikely to significantly impact the Indian steel industry, said a senior steel ministry official. These tariffs come into effect from Wednesday. “India exports less than 100,000 tonnes of steel to the US, so...
India Imposes 150 Per Cent Tariff On American Alcohol, 100 Per Cent Tariff On Agriculture Goods: White House
WASHINGTON: The White House has voiced strong concerns over high tariffs imposed by several countries on American goods, calling for more balanced trade. On Tuesday, White House Press Secretary Karoline Leavitt specifically pointed to India, Canada, and Japan, criticising their steep tariff rates on US products. Speaking at a...
New Orders Slow, February-March Exports Seen Subdued
NEW DELHI: The uncertainty caused by the global tariff war and the threat of reciprocal levies by the US has slowed India’s export pace further. With importers being cautious about placing new orders in the volatile situation, the country’s onward shipments in February and March might see contraction on...
New Accounting Norms From April 1 To Improve On Forex Guidance
NEW DELHI: The National Financial Reporting Authority (NFRA) has proposed key changes in the accounting standards, with an aim to more accurately capture the impact of transactions conducted by firms in foreign currency on their financial statements. The proposed amendments to Ind AS21 will give clearer guidance to companies...
Investment In Information Security Likely To Grow 16.4% In 2025: Gartner
BENGALURU: End-user spending on information security in India is projected to total $3.3 billion in 2025, an increase of 16.4 per cent from 2024, according to a new forecast from Gartner Inc. Building on the momentum from the previous year, security services is projected to record the highest growth...
Lack Of 5G Monetisation, Low Return On Investment For Telecom Companies May Delay 6G Tech: COAI
NEW DELHI: Lack of monetisation for 5G services and low return on investment (RoI) for telecom operators globally may delay the advent of 6G technology, Director General of the Cellular Operators Association of India (COAI) S P Kocchar said on Tuesday. Discussed at length at the recently-concluded annual Mobile...
Telecom Subscriber Base Grows To 1,189.92 Million In December 2024: TRAI
NEW DELHI: The total telephone subscriber base in India grew marginally to 1,189.92 million in December 2024 with Jio adding the highest number of subscribers in both mobile and fixed-line segments, a Trai report released on Tuesday said. Total telephone subscribers stood at 1,187.15 million in November, according to...
India Imports 44.19 Lakh Tonnes DAP Till February Of FY25: Government
NEW DELHI: India has imported 44.19 lakh tonnes of Di-ammonium Phosphate (DAP), a key fertiliser, till February of this fiscal, the government data showed. The country had imported 55.67 lakh tonnes in the entire 2023-24 fiscal. In a written reply to Rajya Sabha, Minister of State for Chemicals and...
SEBI Cuts Timeline For Completion Of Rights Issue For Equity Shares To 23 Days
NEW DELHI: Markets regulator SEBI on Tuesday reduced the processing time for a rights issue of equity shares to 23 days in a bid to make it a preferred route of fundraising. Separately, the regulator has provided flexibility of allotment to specific investors in the rights issue and discontinued...
Hindustan Zinc Signs PDA With Serentica Renewables
NEW DELHI: Hindustan Zinc Limited (NSE: HINDZINC), India’s largest and the world’s second largest integrated zinc producer, announced the signing of a power delivery agreement (PDA) with Serentica Renewables, a leading renewable energy company in India. The latest power delivery agreement augments Hindustan Zinc’s round-the-clock renewable energy up to...
IndusInd Bank Stock Tanks 23 Per Cent
NEW DELHI: IndusInd Bank on Tuesday fire fought the fallout of a `2,100 Crore discrepancy in accounting, saying it has enough reserves and capital to cover for it, but the management’s assurance failed to arrest the free fall of shares which tanked over 27 per cent on the bourses....
London Unveils £27 Billion Growth Plan With India As Top Investment Partner
LONDON: London launched a new growth plan aimed towards supporting public services across the country by generating an additional £27 billion in tax revenue. The plan, unveiled by Mayor Sadiq Khan and London & Partners, seeks to restore productivity growth to 2 per cent annually over the next decade,...
Retail Credit Growth Halves As Unsecured Loans Slow
MUMBAI: Retail credit growth of banks slowed sharply to 12% in January 2025, down from 29% in January last year, driven by weaker growth in personal loans. Growth in other personal loans, which include unsecured loans, declined to 9% in January 2025 from 23% in January 2024, according to...
Zero Tariff On US Imports Could Boost India Electronics Market
NEW DELHI: The US’ move to impose reciprocal tariffs is being seen by analysts as a strategic opportunity to attract electronics manufacturers from China to India. However, they said New Delhi can fully capitalise on this only if it reduces import duties on US electronics to zero, matching Washington’s...
New Drug Export Rule A Bitter Pill For Sector: Pharma Body
NEW DELHI: The Pharmaceuticals Export Promotion Council (Pharmexcil) has sought a review of a new rule for drug exports that requires a product registration certificate from the national regulatory agency of the importing country or approval from the Indian regulator compulsory for issuing a no-objection certificate for shipments. The...
India, European Union To Hold Next Round Of Free Trade Agreement Talks Amid Tariff Threats
NEW DELHI: India and the 27-nation European Union (EU) bloc will start the tenth round of negotiations for a proposed free trade agreement from Monday in Brussels amid Trump tariff threats, according to an official. The talks are expected to focus on resolving remaining issues so that the agreement...
US Tariffs To Hit Pharma Sector, Auto Minimal Effect
NEW DELHI: Enhanced tariffs on pharma imports in the United States (US) can severely impact Indian drug manufacturers as it would lead to higher production costs, making shipments less competitive against products from other countries. Smaller drug firms operating on thin margins can face severe pressure potentially forcing consolidation...
