MUMBAI: Large companies are returning to banks for funding as private-sector capital expenditure gathers pace and rising commercial paper (CP) rates make bank loans more attractive. Bank credit outstanding to large corporates jumped 14.4% year-on-year to Rs 31.10 lakh crore as of May 31, 2026, according to the Reserve...
MUMBAI: Marking the first turn in the tide since the US-Iran conflict broke out this February, foreign portfolio investors (FPIs) have become net buyers of Indian equities since the latter half of June, reviving momentum in sectors like financial services, construction, consumer services, consumer durables, realty and health care,...
NEW DELHI: US restrictions on access to advanced artificial intelligence (AI) models are beginning to reshape India’s AI strategy, with the government building independent capability to test critical software and cybersecurity systems instead of waiting for access to Anthropic’s most advanced model. The ministry of electronics and information technology...
NEW DELHI: The India-UK free trade agreement has pegged the minimum local value addition level for manufactured products to qualify for lower duties between 35% to 55%, depending on where the value of the finished product is calculated. For agricultural products, largely local origin would be insisted upon. The...
NEW DELHI: To accelerate infrastructure financing and support India’s transition to a net-zero economy, the Centre is preparing a comprehensive strategy to attract long-term global investors such as pension funds and sovereign wealth funds to infrastructure sectors, including highways, railways, ports and airports. The move comes as India faces...
MUMBAI: HDFC Bank, Kotak Mahindra Bank (KMB), YES Bank, and AU Small Finance Bank have reported robust growth in deposits and advances in the first quarter (Q1FY27), per their provisional numbers. HDFC Bank’s deposits and gross advances increased by 14.7 per cent year-on-year (y-o-y) and 15.4 per cent y-o-y,...
NEW DELHI: The government has cancelled the auction of nine critical and strategic mineral blocks, citing poor investor response and lack of qualified bidders. These blocks were put on the block in the seventh round of sale. The development comes as a setback to the government’s efforts to ramp...
MUMBAI: Banks are gearing up to expand their presence in India’s mergers and acquisitions (M&A) financing market as the Reserve Bank of India’s new framework allowing lenders to fund acquisitions comes into effect, opening a segment that has so far been dominated by private credit funds and foreign banks....
NEW DELHI: India’s private sector manufacturing activity expanded at its slowest pace in three months in June as growth in international sales, output, purchasing activity and employment moderated, a private survey showed on Wednesday. HSBC’s India Manufacturing Purchasing Managers’ Index (PMI), which tracks monthly changes in manufacturing activity, fell...
NEW DELHI: As new synchronised steel trade measures by the UK and European Union (EU) came into effect on Wednesday, India preserved its competitive advantage in both markets. New Delhi’s free trade agreements with both trading partners have enabled it to make relative gains. The EU and UK aim...
MUMBAI: Microfinance institutions (MFIs) are expected to see assets under management (AUM) grow around 20 per cent in 2026-27 (FY27), up from 4 per cent in the 2025-2026 (FY26), with diversification into secured loans — such as gold loans, loans to micro, small and medium enterprises (MSMEs), loans against...
NEW DELHI: The Bharatiya Mazdoor Sangh (BMS) on Wednesday outlined the proposed work programme of the BRICS Trade Union Forum’s task force on artificial intelligence (AI), identifying workplace surveillance, automation-led job displacement, algorithmic management and labour protections for platform workers among the key issues it intends to address. The...
NEW DELHI: The Union Cabinet has approved an additional ₹30,000 crore investment in the National Investment and Infrastructure Fund (NIIF), taking the Centre’s total commitment to India’s sovereign-anchored fund to ₹60,000 crore, the finance ministry said on Monday. The fresh allocation will primarily be used to launch NIIF Infrastructure...
NEW DELHI: India’s industrial output growth rose to a five-month high of 5.1 per cent in May, from 4.9 per cent in April, driven by strong growth in the electricity and gas supply sector, according to data released by the National Statistics Office (NSO) on Monday. The latest Index...
MUMBAI: Domestic equities declined on Monday, after posting their longest weekly winning streak of 2026, as concerns over a weak monsoon and the escalation of geopolitical tensions in West Asia dented sentiment. The BSE Sensex on Monday ended the session at 76,728, down 372 points, or 0.5 per cent,...
West Asia’s crude supply has recovered to around 14.6-15 million barrels per day (mbpd) after nearly 2 mbpd returned within three weeks of the June 17 preliminary US-Iran agreement, easing fears of a prolonged supply shock and pulling Brent crude to around $72 a barrel, its lowest level in...
NEW DELHI: The government is examining a sector-specific insolvency framework for insurance companies under the Insolvency and Bankruptcy Code (IBC), similar to the one for the real estate sector. Additional protection for insurance policyholders may be a key feature of the framework. Besides, the proposed changes might also clearly...
NEW DELHI: As oil prices ease following a peace deal between the United States (US) and Iran, Goldman Sachs raised its forecast for India’s gross domestic product (GDP) growth in 2026-27 (FY27) by 40 basis points (bps) to 6.5 per cent. The global brokerage firm also cut its projection...