Business
SEBI Finds No Manufacturing Activity At Gensol Electric Vehicle Plant In Pune
NEW DELHI: Markets regulator Securities and Exchange Board of India (SEBI) has said it found “no manufacturing activity” at Gensol Engineering’s electric vehicle (EV) plant in Pune with only 2-3 labourers present when a National Stock Exchange (NSE) official visited the site. These revelations were part of markets regulator...
Foreign Investors Inject Rs 8,500 Crore In Markets
NEW DELHI: Foreign investors have infused nearly Rs 8,500 crore in the country’s equity markets last week, after a phase of heavy outflows earlier in the month, supported by renewed investor confidence, resilient domestic economy and relative insulation from global trade disruptions. During the holiday-truncated week ended April 18,...
RBI May Cut Rates By Another 100 Basis Points To Balance Growth And Inflation: Nomura
MUMBAI: With inflation likely to remain sub-4 per cent and downside risks on growth, Nomura said, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is expected to take go for a 100 bos additional rate cut. The central bank, in the April policy meeting, delivered a dovish...
Govt Likely To Ease Nuclear Liability Laws To Attract Foreign Firms
NEW DELHI: India is preparing to amend its nuclear liability legislation to cap accident-related penalties for equipment suppliers, in a bid to revive stalled foreign investment in its nuclear sector, particularly from US firms. According to three government sources cited by Reuters, the proposed changes would remove a key...
Arvind Shrivastava Named Revenue Secretary In Major FinMin Rejig
NEW DELHI: In a major bureaucratic reshuffle that would mark a virtual reboot of the brass in the Ministry of Finance, the Appointments Committee of the Cabinet on Friday appointed Arvind Shrivastava India’s next secretary in charge of revenue, Vumlunmang Vualnam secretary in the Department of Expenditure (DoE), and...
Duty Imposed On Steel, Aluminium Due To National Security: US To India In WTO
NEW DELHI: The US has informed the global trade body WTO that the decision to impose tariffs on steel and aluminium, was based on national security grounds and should not be considered as safeguard measures, according to a communication. The US shared this response with the World Trade Organisation...
Govt Tweaks Domestic Gas Allocation Policy For CNG, PNG Segments
NEW DELHI: The ministry of petroleum and natural gas on Friday announced key changes to the domestic gas allocation policy, aimed at ensuring sustained availability and affordability of natural gas for the Compressed Natural Gas (CNG) used in transport and Piped Natural Gas (PNG) used in domestic households. Under...
Strange Sell-Off In Dollar Raises Spectre Of Investors Losing Trust In US Under Trump
NEW YORK: Among the threats tariffs pose to the US economy, none may be as strange as the sell-off in the dollar. Currencies rise and fall all the time because of inflation fears, central bank moves and other factors. But economists worry that the recent drop in the dollar...
New Traffic Radar Rules To Ensure Accurate Speed Enforcement
NEW DELHI: The government on Friday said new regulations requiring mandatory verification and stamping of traffic radar equipment will be implemented from July 1 to improve road safety and enforcement accuracy across the country. The Consumer Affairs Ministry has notified the rules following extensive consultations with stakeholders, including the...
EPFO Set To Launch Version 3.0 With ATM Fund Withdrawals
RANCHI: The Employees’ Provident Fund Organisation (EPFO) is set to undergo a major digital overhaul to enhance services for over nine crore beneficiaries, with Version 3.0 set to launch by May or June, Union Labour and Employment Minister Mansukh Mandaviya said on Friday. In coming days, EPFO beneficiaries will...
DGTR Issues Final Findings In 13 Anti-Dumping Cases
NEW DELHI: The commerce ministry’s investigation arm DGTR has issued final findings in as many as 13 anti-dumping cases, mostly against China, in March, according to the Commerce Ministry. The ministry also said that in addition to this, the Directorate General of Trade Remedies (DGTR) has started 11 investigations...
Our Technology Products Now Globally Respected: Vaishnaw
MANESAR: India’s electronics manufacturing and export have grown multi-fold in the last decade driven by policies and incentives, and the Made-in-India products now command global recognition given their reliability and respect for IP rights, Union Minister Ashwini Vaishnaw said on Friday. Inaugurating VVDN Technologies’ SMT (Surface Mount Technology) Line...
Global Goods Trade To Contract 0.2% In 2025: WTO
NEW DELHI: The global merchandise trade volumes are expected to contract by 0.2% on year in 2025 as against the earlier projection of 2.7% expansion, due to the global tariff war triggered by the US, according to the World Trade Organisation (WTO). The predicted decline in trade takes into...
Moody’s Ratings Revises Forecast Of India’s 2025 GDP Growth To 5.5-6.5%
NEW DELHI: Moody’s Ratings on Wednesday said Indian economy could grow in the band of 5.5 to 6.5 per cent during the calendar year 2025, a shade lower than its February projection of 6.6 per cent as the ratings agency factored in the “unpredictable” US tariffs which it said...
Centre May Target Asset Monetisation Of Rs 2 Lakh Crore In FY26
NEW DELHI: The Centre may set an asset monetisation target of `1.9-2 lakh crore in FY26 under the second phase of the National Monetisation Pipeline (NMP), with a focus on sectors such as roads, power, railways, and coal and mines. Sources told FE that infrastructure development on vacant public...
SEBI Plans Sustainability Disclosures Review For Listed Firms
MUMBAI: The Securities and Exchange Board of India (SEBI) is rethinking sustainability or ESG disclosures required of listed firms, including its already delayed plans for companies to include supply chains in their reporting, its new chief Tuhin Kanta Pandey told Reuters. The review, which follows concerns raised by the...
House Panel Asks Labour Ministry To Evaluate EPS By The End Of 2025
NEW DELHI: In a bid to assess effectiveness, sustainability, and scope for further improvement in the Centre’s flagship pension scheme for the formal sector — Employees’ Pension Scheme (EPS) — the parliamentary standing committee on labour has asked the labour ministry to complete the maiden third-party evaluation of the...
Gold Continues To Glitter For 2nd Day; Hit Fresh Peak Of Rs 95,935/10 g
NEW DELHI: Gold prices continued their upward trend for the second straight session, touching a new all-time high of Rs 95,935 per 10 grams, climbing Rs 274 on Thursday, driven by firm spot demand. On the Multi Commodity Exchange, the precious metal contracts for June delivery hit a record...
