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NEW DELHI: Foreign Direct Investment (FDI) worth Rs 5077 crore has been reported by companies operating in the defence sector, the defence ministry said in Lok Sabha on Friday. The data was provided by Minister of State for Defence Ajay Bhatt while replying to a question. The defence industry...
NEW DELHI: The centre has released about Rs 15,948 crore under different schemes in the last five years till January 31 to various sugar mills to improve their liquidity for clearing cane price dues of farmers, Parliament was informed on Friday. Minister of State for Commerce and Industry Anupriya...
NEW DELHI: State-owned Energy Efficiency Services Ltd (EESL) has inked initial pacts worth Rs 500 crore with key state bodies and industry partners at the India Energy Week, to formulate a framework for longstanding collaboration in key areas of energy efficiency. Ladakh Autonomous Hill Development Council, Leh (LAHDC), and...
NEW DELHI: Tata Power on Friday posted a marginal increase of 2 per cent in its consolidated net profit at Rs 1,076 crore in December 2023 quarter. Its consolidated net profit was Rs 1,052 crore in the quarter ended on December 31, 2022, a company statement showed. Total revenues...
MUMBAI: Reserve Bank Deputy Governor M Rajeshwar Rao on Friday said it is uncharacteristic of non-bank lenders to seek bank licences when they are already enjoying some regulatory advantages. Addressing a conference on non-bank finance companies (NBFCs) organized by CII, Rao also hit out at certain microlenders for “misusing”...
India’s central bank today left its inflation forecast for this fiscal year unchanged at 5.4%, despite food price rise concerns, uncertainty around crude costs even amidst a recent slump and chances of domestic growth momentum creating demand pressure on inflation. The Reserve Bank of India left the inflation aim...
NEW DELHI: India is close to finalising a first-of-its-kind trade deal that could see a small group of European nations invest as much as $100 billion over 15 years in exchange for easier trade access to the world’s most populous nation, according to people with knowledge of the matter....
MUMBAI: Advent International, the US private equity firm behind some of the biggest leveraged buyouts and conglomerate carve-outs, including the €17.2-billion acquisition of Thyssenkrupp’s elevator business in 2020 along with co-investors and the €1.8 billion joint takeover of Royal Bank of Scotland’s payments business, Worldpay, believes India is among...
MUMBAI: Leading up to its next policy announcement, the Reserve Bank of India (RBI) has stepped up liquidity draining operations, signalling that while the central bank may tolerate overnight rates aligning with the repo rate after six months, it is not comfortable with financial conditions turning any easier than...
NEW DELHI: In what could be seen as a policy shift, Prime Minister Narendra Modi on Wednesday said the central public sector undertakings (CPSEs) had gained in strength over the last decade, with “most of them giving record returns (dividends and rise in valuation)” to the stakeholders. Investors have...
NEW DELHI: The much-contested question whether a private investment cycle has commenced and becoming broad-based still has economists divided. The private sector is witnessing “record-profits” and so, should feel comfortable in making investments in the economy, Sanjeev Sanyal, member, Prime Minister’s Economic Advisory Council told FE, while adding that...
India will oppose any move by the developed world to get any non-trade issue like labour and environmental standards included in the formal talks at the World Trade Organisation (WTO) during the 13th ministerial conference of the global trade regulating body scheduled this month-end at Abu Dhabi. Developed countries...
Oil India aims to spend Rs 6,000 crore in the exploration and production of oil and gas in the financial year 2024-25, Harish Madhav, the company’s director of finance, said in an interview. “For the next financial year, the investment target is close to Rs 6,000 crore. Depending on...
BETUL, GOA: In the next seven years, India is poised to become the primary source of global oil demand growth, even as its domestic production is projected to decrease by 22 per cent, according to the latest projections by the International Energy Agency (IEA). These divergent trends are anticipated...
India’s power exchange market is set to undergo an experimental phase as the Central Electricity Regulatory Commission (CERC) has directed a shadow pilot study on market coupling, aiming to enhance market efficiency and optimize transmission infrastructure. The proposed shadow pilot study aims to couple the Real-Time Market (RTM), RTM...
BETUL, GOA: India will invest $67 billion in the gas sector over the next 5-6 years as part of an “unprecedented amount” of funds being put in to develop energy infrastructure, said Prime Minister Narendra Modi on Tuesday. Speaking at the second edition of the India Energy Week (IEW)...
NEW DELHI: India’s telecom sector is expected to see a revival in foreign direct investment over the next two years. This optimism stems from two recent developments: the opening of satellite communications to the private sector, and introduction of the Telecommunications Act, which are expected to make the sector...
NEW DELHI: Retail inflation has come down to within the tolerance band due to steps taken by the government to check price rise in essential commodities, especially in perishable commodities, finance minister Nirmala Sitharaman told Rajya Sabha on Tuesday. Replying to a question in the Rajya Sabha, Sitharaman said...