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NEW DELHI: Corporate donations to political parties may slow down a bit as a result of the scrapping of the electoral bonds scheme by the Supreme Court, but Indian companies may revert to electoral trusts, lawyers and analysts said. Lawyers said electoral trusts allow companies to maintain an arm’s...
NEW DELHI: India’s telecom sector revenues are expected to surge 63% between FY16 and FY25 despite a broader consolidation that shrank the field from more than 10 private mobile operators to just three. Revenues stood at ₹1.7 lakh crore in FY16 with the sector having more than 10 private...
NEW DELHI: The government has begun talks with a host of capital-rich countries to explore ways to route larger portions of their abundant pool of patient capital to India to support the country’s economic growth on a durable basis. The move comes in the backdrop of a moderation of...
NEW DELHI: Two full-fledged semiconductor fabrication plants are going to come up in India very soon entailing multi-billion dollar investment besides several chip assembly and packaging units, Minister of Electronics and IT Rajeev Chandrasekhar said. In an interview with PTI, the minister confirmed that the two projects include a...
MUMBAI: CRISIL’s Financial Conditions Index (FCI) shows India’s overall financial conditions tightened in January compared with December. The FCI fell to 0.5 in January from 0.7 in December. “Liquidity went into deeper deficit, putting upward pressure on short-term rates. Financial conditions were also affected by foreign portfolio investors (FPIs)...
NEW DELHI: With the negotiations for the proposed India-UK free trade agreement reaching an advanced stage, the Prime Minister’s Office reviewed the progress of the talks on February 16, sources said. Commerce and Industry Minister Piyush Goyal and Commerce Secretary Sunil Barthwal were also present in the meeting, they...
NEW DELHI: India’s power consumption increased 7.5 per cent on-year to 1354.97 billion units (BU) in the April-January period of this financial year, indicating an uptick in economic activities across the country. Power consumption in the country has increased to 1354.97 billion units (BU) in the April-January period of...
KOLKATA: A start-up has recently announced that it will provide curated education, health, and edutainment services targeting specific needs using artificial intelligence. The start-up platform called Ascend, which is backed by the Accolade Group, claims to be the first knowpedia (Knowledge pedia). “We are the world’s first knowpedia and,...
NEW DELHI: Hybrid mutual fund schemes have been gaining popularity among investors, attracting Rs 20,634 crore in January, marking a 37 per cent surge from the previous month, largely due to their appeal as an alternative investment option post-change in taxation laws for debt funds. With this, total inflow...
NEW DELHI: The government has pulled up the management of state-run telecom companies Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL) for the slow pace of their land monetisation process, especially in the metro cities. They have released only ₹550 crore from land monetisation in the past few...
MUMBAI: The Reserve Bank of India (RBI) on Monday extended the deadline for restrictions on deposit and credit transactions of Paytm Payments Bank Limited (PPBL) to March 15, stating that customers and merchants might require “a little more time to make alternative arrangements”. The earlier deadline was February 29....
MUMBAI: With the Indian information-technology (IT) industry’s growth rate falling to a low single digit, the ambition of becoming a $350 billion industry by 2026 seems a difficult task. The sector is expected to touch $253.9 billion in FY24, growing at 3.8 per cent year-on-year. Growth has fallen from...
NEW DELHI: The government has increased the authorised capital of the Food Corporation of India (FCI) by 110% to Rs 21,000 crore from Rs 10,000 crore. The move is in sync with the policy of minimising borrowings by the corporation, through which close to 70% of the food subsidy...
NEW DELHI: India is eyeing designating rare earth minerals, electronics and pharmaceuticals as critical sectors to secure them against any future supply chain disruption. The move comes ahead of the Supply Chain Resilience Agreement of the 14-member Indo-Pacific Economic Framework (IPEF) entering into force next week. As per the...
NEW DELHI: A staggering investment of Rs 30 lakh crores is required over the period spanning next six years from 2024 to achieve India’s Nationally Determined Contributions (NDC) goals by 2030. This was stated by Pradip Kumar Das, Chairman and Managing Director (CMD) of the Indian Renewable Energy Development...
NEW DELHI: Ease of transactions through the digital mode, rising disposable incomes and increased financial literacy are prompting young Indians to venture into mutual funds’ Systematic Investment Plan (SIP), a top official of WhiteOak Capital Mutual Fund said. WhiteOak Capital Mutual Fund, which has 3.33 lakh investors and manages...
MUMBAI: State Bank of India chairman Dinesh Khara on Friday said the nation’s largest lender is in talks with the Reserve Bank to reduce the cash reserve ratio requirement on green deposits. State Bank of India (SBI) last month announced a green deposit scheme, a first in the domestic...
NEW DELHI: With the proposed merger of its Indian arm with Zee terminated, Sony will seek various options, including finding another opportunity to replace the plan and organic growth opportunities in India, which has great potential in the long term, according to a top company official. In an earnings...