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MUMBAI: The government’s nudge to the private sector in the interim Budget by reducing its borrowing for FY25 comes at a time when announcements of new investments have slowed down. According to data from the Centre for Monitoring Indian Economy (CMIE), announcement of investments by the private sector in...
NEW DELHI: Senior government officials and industry players have discussed ways to enhance collaborations and create a clear action plan for successful implementation of PLI schemes, an official statement said on Sunday. “Around 1,200 delegates including beneficiary companies under the PLI (production linked incentive) scheme for 14 sectors and...
NEW DELHI: The Centre is likely to give up on the plan to monetise stadiums, while reworking the strategy for the iconic Ashok Hotel in the national capital. It is likely to offer the hotel under the PPP mode through a single transaction, sources told TOI. This means the...
NEW DELHI: Billionaire Mukesh Ambani has been ranked first among all Indians and second globally in the Brand Guardianship Index 2024 compiled by Brand Finance. “The chairman and managing director of Reliance Industries Ltd overtakes the likes of Microsoft’s Satya Nadella, and Google’s Sundar Pichai to be ranked No.2...
NEW DELHI: ONGC, IOC and other oil PSUs will invest about Rs 1.2 lakh crore in the coming fiscal starting April 1 in oil and gas exploration, refineries, petrochemicals and laying pipelines to meet the needs of the world’s fastest-growing energy consuming nation. The investment proposed in 2024-25 is...
NEW DELHI: The Department of Investment and Public Asset Management (DIPAM) will focus on concluding the ongoing privatisation transactions, like IDBI Bank and BEML, and may not look at any new CPSE for a strategic sale in the next fiscal, a senior official said. DIPAM Secretary Tuhin Kanta Pandey...
MUMBAI: Coming close on the heels of the interim budget which maintained the status quo on policy front, the Reserve Bank is likely to continue with the pause on the short-term lending rate in its upcoming bi-monthly monetary policy this week as retail inflation is still near the higher...
NEW DELHI: The existing taxation structure for corporates with a 22 per cent tax is “very reasonable” when compared to an economy of the size of India and hence the concessional tax regime which was in force for four years for new manufacturing units was not extended beyond March...
NEW DELHI: Fast-moving consumer goods (FMCG) companies have reported single-digit volume growth with improved margins in most segments during December quarter, helped by moderating commodity inflation, though operating environment remained challenging. “Some of the companies also reported a decline in their topline numbers, as they extended the benefits of...
NEW DELHI: This budget demonstrates the confidence that the government’s structural reforms over the last 10 years, including the Covid-related actions, have set the economy on a sustainable growth path, chief economic adviser V Anantha Nageswaran said. The next-generation reforms alluded to by FM Sitharaman in her budget speech...
NEW DELHI: Setting a high annual disinvestment target can potentially create an “overhang in the market” and could be detrimental to the value creation strategy of central public sector enterprises (CPSEs) concerned, Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey said on Friday. In an...
NEW DELHI: The revamped solar rooftop scheme announced by Prime Minister Narendra Modi which also found a mention in Finance Minister Nirmala Sitharaman’s Interim Budget speech will be implemented by the public sector utilities (PSUs) of the power ministry across all states, Union Power Minister R K Singh said...
MUMBAI: After touching an all-time high of Rs 3.4 trillion last month, the liquidity deficit in the banking system has started to ease. The liquidity deficit declined to Rs 2.4 trillion on Thursday, reflecting a fall of around Rs 1 trillion, according to the Reserve Bank of India data....
BENGALURU: India continues to be a bright spot for Apple registering a quarterly revenue record with a strong double-digit growth. “If you look at it, India grew — in revenue terms — strong double-digits in the Dec quarter and hit a quarter revenue record. Other emerging markets like Indonesia...
NEW DELHI: The income tax department will “erase” petty tax demands pending against about 80 lakh taxpayers on its own and issue a “speaking order” explaining the process to be followed, CBDT chairman Nitin Gupta said Friday, a day after the measure was proposed in the interim Budget. Union...
MUMBAI: The Reserve Bank of India on Friday cautioned the public against fraud in the name of KYC updation and advised not to share documents with unknown entities. In the wake of continuing incidents and reports of customers falling prey to frauds being perpetrated in the name of KYC...
NEW DELHI: Capital markets regulator Sebi on Friday proposed revamping the nominations framework in a bid to reduce unclaimed assets in the securities market as well as smoothen the process for claiming the assets by surviving successors of the deceased investors. The regulator proposed revisions to nomination facilities for...
NEW DELHI: Shares of Reliance Industries were in heavy demand on Friday, climbing over 2 per cent, adding Rs 41,860.54 crore to its market valuation. The stock of the country’s most valued firm went up 2.18 per cent to settle at Rs 2,914.75 on the BSE. During the day,...