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MUMBAI: The Reserve Bank of India’s (RBI) 100-basis-point repo rate cut in 2025 has definitely benefited a lot of borrowers, especially ones linked to the external benchmark lending rate (EBLR). However, non-banking finance companies (NBFCs) are yet to get access to cheaper funds. The key reason: Most loans to...
NEW DELHI: The Indian economy hit a soft patch in June with several high-frequency indicators such as goods and services tax (GST), UPI transactions, diesel consumption and car sales showing muted growth or even a contraction from a year earlier. On the positive side, India’s manufacturing activity strengthened and...
MUMBAI: Though elevated economic and trade policy uncertainties are testing the resilience of the global economy and the world’s financial system, the domestic economy, especially the financial system, is in good shape and is a major driver of global growth, the Reserve Bank has said in its financial stability...
NEW DELHI: India’s industrial production growth slowed to a nine-month low of 1.2 per cent in May 2025 due to poor performance of manufacturing, mining and power sectors caused by the early onset of Monsoon, according to official data released on Monday. The factory output, measured in terms of...
NEW DELHI: Even as long-term global oil demand is projected to decline due to alternative energy adoption and efficiency gains, India is expected to lead the global oil demand growth, as per S&P Global Commodity Insights. The growth in demand will, however, increase the country’s import dependency, reinforcing the...
NEW DELHI: With India toughening its stand on opening up its agriculture sector in a way sought by the US, the talks between the two countries on an interim trade agreement has entered a sensitive stage. To get an agreement the Indian team of negotiators who are currently in...
MUMBAI: Household debt came down from 42.9% of the gross domestic product (GDP) in June 2024 to 41.9% (current market prices) in December 2024, the Financial Stability Report showed on Monday. However, it is still up compared with December 2023, when it stood at 40%. In June 2021, the...
NEW DELHI: In the worldwide scramble for critical minerals, the government will look at more collaborations through expansion of free trade agreements and special partnership agreements to meet its requirements of these resources, the bedrock of modern manufacturing. “The government shall aim to enter into Critical Minerals Partnership Agreements...
NEW DELHI: The trade negotiators from India have stayed longer in Washington to sort out some differences, as both countries try to reach a trade agreement before July 9. That’s the date when US President Donald Trump’s higher US tariffs are expected to take effect. The face-to-face talks were...
BENGALURU: Amazon’s latest move to enter the diagnostics segment could mark a turning point in its healthcare ambitions, following two underwhelming attempts in the e-pharmacy and teleconsultation segments. Industry executives are of the view that since the diagnostics sector has potential for growth, it may finally provide the e-commerce...
MUMBAI: The recent surge in the Indian stock market has prompted a sharp rise in investor interest in discretionary portfolio management services (PMS) as they seek higher returns. Over the past two years, the number of investors in discretionary PMS has soared by 58%, rising from 1.22 lakh in...
NEW DELHI: Russian oil giant PJSC Rosneft Oil Company is in early talks with Reliance Industries for sale of its 49.13 per cent stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India, sources said. Reliance has held preliminary talks for acquisition...
MUMBAI: The country’s balance of payments turned positive with the current account balance recording a huge surplus of $13.5 billion (1.3% of GDP) in Q4 FY25 compared to $4.6 billion (0.5% of GDP) in Q4 FY24 and as against a deficit of $11.3 billion (1.1% of GDP) in Q3FY25,...
NEW DELHI: The stand the US is taking in its negotiations with key partners suggest that even if an interim trade agreement with India gets finalised, Indian exports will still be subject to duties that are higher than those that prevailed prior to introduction of reciprocal tariffs on April...
NEW DELHI: As the last round of negotiators on an India-US interim trade agreement was under way in Washington, president Donald Trump said on Friday that a “big deal” was coming up and that would open up Indian markets for American goods. “Everybody wants to make a deal and...
NEW DELHI: India’s imports of Russian crude oil in June are expected to touch a two-year high of 2.13 million barrels per day, supported by significant pricing advantages, according to provisional data from global real-time data and analytics provider Kpler. On a monthly basis too, Russian oil supplies to...
NEW DELHI: Govt on Friday nudged banks to step up lending in view of healthy balance sheets and the reduction in interest rates by RBI. While reviewing the performance of state-run banks, finance minister Nirmala Sitharaman asked banks to prioritise deposit mobilisation to support credit growth and pushed them...
MUMBAI: The Reserve Bank’s final directions on project financing will help strengthen the guardrails against risk in project financing and also harmonise regulations for all lenders, besides easing credit cost concerns as they seek only lower provisioning, that too with prospective applicability. The final directions, which will come into...