Business
Trade Talks With US Start Amid Glum Outlook
NEW DELHI: Donald Trump’s reiteration on Tuesday that “reciprocal tariffs” on all US imports will take effect from April 2 might have put the Indian team led by commerce and industry minister Piyush Goyal that is currently in the US to hammer out a bilateral multi-sector trade pact on...
RBI Announces Fresh OMOs, Forex Swap To Boost Liquidity
MUMBAI: The Reserve Bank of India (RBI) on Wednesday announced open market operation (OMO) purchases and a $10-billion dollar-rupee swap auction that together are expected to inject an additional Rs 1.9-lakh-crore liquidity in the banking system. The move comes even as the systemic liquidity deficit eased to Rs 20,000...
Services Sector Surges As Manufacturing Hits 14-Month Low
NEW DELHI: Despite manufacturing growth falling to a 14-month low in February, the services sector saw a sharp uptick in the month with the purchasing managers index soared to 59 from the January reading of 56.5 which was a 26-month low, buoyed by improving domestic and international demand resulting...
The Billionaires’ Club Gets Bigger On Economic Boost
MUMBAI: India’s steady rise in economic strength and entrepreneurial spirit have fuelled an unprecedented rise in the number of billionaires, making the country a key player in global wealth creation. This economic dynamism has not only increased the billionaire count but has also spurred the growth of high-net-worth individuals...
Foreign Bidders May Be Allowed In BSNL’s 5G Network Upgrade
KOLKATA: India is considering allowing foreign vendors to bid for a part of the $2 billion worth of telecom gear contract for upgrading Bharat Sanchar Nigam (BSNL) network to 5G, people familiar with the matter said. While a final decision is yet to be taken, this still marks a...
IRFC Expands Funding Beyond Indian Railways
NEW DELHI: Indian Railway Finance Corporation (IRFC), which earned Navratna status from the government, on Wednesday said that with this recognition, it can go beyond its present funding activities to the needs of the Indian railways to all other companies operating in the whole rail eco-system. Interacting with the...
BSES Launches Drone Pilot Training For Army Veterans
NEW DELHI: In a landmark initiative reflecting its unwavering commitment to the welfare of India’s armed forces personnel, BSES, in collaboration with the Army Welfare Placement Office (AWPO) has launched a transformative drone pilot training and placement program. This pioneering initiative is designed to empower ex-servicemen, those retiring within...
Cabinet Approves Changes To LHDC To Include Generic Veterinary Medicines
NEW DELHI: The Cabinet on Wednesday approved changes to the `3,880 Crore Livestock Health and Disease Control Programme (LHDC) to include the distribution of high-quality and affordable generic veterinary medicines to farmers. The total budget provided for the Livestock Health and Disease Control Programme (LHDCP) was `3,880 Crore for...
IACC Hosts Conference On Women Empowerment
NEW DELHI: The Indo-American Chamber of Commerce (IACC) successfully hosted a thought-provoking conference on Women Empowerment in New Delhi under the theme “Celebrating Womanhood: Empower, Educate, Elevate.” The event brought together distinguished leaders and advocates, emphasising the necessity of empowering women to drive societal progress. While speaking at the...
Rubrik Unveils New Capabilities To Enhance Cyber Resilience
NEW DELHI: In its ongoing commitment to deliver comprehensive cyber resiliency, Rubrik on Wednesday announced significant innovations designed to enhance protection for cloud, SaaS, and on-premises environments. The innovations aim to provide customers with even more ability to anticipate breaches, detect potential threats, and recover with speed and efficiency...
India’s GDP Growth Picks Up To 6.2% In Q3; FY25 Projection Now 6.5%
NEW DELHI: India’s economic growth accelerated to 6.2 per cent in the December quarter of FY25, up from a revised 5.6 per cent in the previous quarter, reversing two consecutive quarters of slowdown. However, significant revisions to past data have left economists perplexed. Data released by the Ministry of...
India Needs 7.8% Growth For 22 Years To Be High-Income By 2047: World Bank
NEW DELHI: In order to reach high-income status by 2047, India needs to grow at an average of 7.8 per cent over the next 22 years as under a “business as usual’ scenario, it will experience tangible welfare gains but still fall short of its ambitions, the World Bank...
India and EU Target Historic Free Trade Agreement By Year-End
NEW DELHI: India and the European Union (EU) have committed to finalizing a long-awaited free trade agreement (FTA) by the end of 2025, marking a significant step forward after years of stalled negotiations. This announcement was made during a meeting between Indian Prime Minister Narendra Modi and European Commission...
India, EU To Address CBAM Concerns For MSMEs
NEW DELHI: India and the European Union (EU) on Friday agreed to address the challenges arising out of implementation of the Carbon Border Adjustment Mechanism (CBAM) particularly for the small and medium enterprises. The issue of CBAM came up in the second meeting of the India-EU Trade and Technology...
Market Wants New SEBI Chief To Keep It Simple
MUMBAI: After an action-packed three years of regulations, market participants are hoping for a steady hand when new Securities and Exchange Board of India (Sebi) chairman Tuhin Kanta Pandey takes charge. The longest-serving secretary of the department of investment and public asset management (DIPAM), who was also responsible for...
KCC As A Financial Identity: The Key To Transparent A MSP
NEW DELHI: For years, Indian farmers have struggled with inadequate credit access, inefficient procurement systems, and bureaucratic delays in government support. The Kisan Credit Card (KCC), introduced in 1998 under Union Agriculture Minister Sompal Shastri, was a pioneering initiative, however, in today’s fast-evolving financial ecosystem, the KCC must evolve...
Centre’s Fiscal Deficit Touches 74.5 Per Cent
NEW DELHI: The Centre’s fiscal deficit touched 74.5 per cent of the annual target at the end of January 2025, according to the data released by Controller General of Accounts (CGA) on Friday. In actual terms, the fiscal deficit – the gap between expenditure and revenue – was Rs...
Expenditure At Maha Kumbh To Push GDP Growth In Q4: CEA
NEW DELHI: A significant pick up in the government capex and additional expenditure linked to Maha Kumbh congregation are expected to push the fourth quarter GDP growth to 7.6 per cent, required to achieve an overall economic expansion of 6.5 per cent in the current fiscal, Chief Economic Adviser...
