Business
TRAI May Restrict Starlink To Mobile Dark Regions
NEW DELHI: With Bharti Airtel and Reliance Jio forming strategic partnerships with Starlink, the Telecom Regulatory Authority of India (TRAI) is now expected to expedite its recommendations on satellite spectrum pricing. Sources said that the regulator will likely recommend that satellite companies initially focus on providing services in mobile...
Insurance Bill To Allow 100% FDI May Be Deferred To Monsoon Session
NEW DELHI: The much-awaited Insurance (Amendment) Bill to allow 100% foreign direct investment (FDI) in the sector and usher in composite licensing will likely be taken up in the monsoon session of Parliament instead of the ongoing budget session, sources told FE. “Consultation process is not yet complete. So,...
House Panel Raps Ministries For Non-Payment Of Dues To FCI
NEW DELHI: A parliamentary panel has raised concerns about the substantial unpaid dues of various government departments to the Food Corporation of India (FCI) to run assorted social welfare schemes. According to the standing committee on consumer affairs, ministries including rural development and external affairs had dues payable to...
India, China Outperform Global Trade In 2024, Trade Resilience Stressed In 2025: UNCTAD
NEW DELHI: China and India outperformed global trade averages in 2024, UN Trade and Development (UNCTAD) said in its Global Trade Update Friday. It said that trends like the widening deficits of the US and EU with China along with India’s rising deficit with Russia amid shifting energy trade...
India Inc Happy To Give You A Second Innings
BENGALURU: Second career or comeback programmes – designed to help professionals, primarily women, re-enter the workforce after a career break – are paying off for companies, but there’s still a long way to go, say experts. Companies that have adopted returnship programmes are seeing the benefits: access to a...
Indian Refiners Turn To Latin America, Africa To Replace Russian Oil In February, Data Shows
NEW DELHI: India’s crude oil imports from Latin America and Africa rose marginally in February as refiners turned to alternative sources, fearing a loss of Russian oil supplies caused by tighter U.S. sanctions, data from trade sources shows. The South Asian nation became the biggest buyer of Russian seaborne...
Dividend Receipts From CPSEs Exceed Revised Estimates, Surge To All-Time High Of Nearly ₹66,000 Crore
NEW DELHI: Dividend from Central Public Sector Enterprises (CPSEs) has exceeded revised estimates for current fiscal i.e., 2024-25 (FY25) has reached all time high as it exceeded the revised estimates by over ₹10,000 crore. This figure does not include dividend from public sector banks and public sector financial institutions....
Govt Plans To Add 6.5 GW Thermal, 2.2 GW Nuclear Capacity In FY26
NEW DELHI: The government aims to add 6.5 gigawatts (GW) of thermal capacity in FY26, along with 2.2 GW of nuclear capacity and 3.9 GW of hydro capacity, according to the latest report by the Lok Sabha’s Standing Committee. According to the committee’s findings, as of January 31, only...
Power Ministry Seeks To Extend Distribution Scheme By Two Years To FY28
NEW DELHI: The ministry of power has sought an extension of the deadline for the Revamped Distribution Sector Scheme (RDSS) by two years through FY28 in order to complete the envisaged targets, according to a report by the Lok Sabha’s Standing Committee. The scheme aims to improve the operational...
India Launches First Exploration Licence Auction For Minerals
PANAJI: Union Coal and Mines Minister G Kishan Reddy on Thursday launched nation’s first-ever auction of Exploration Licences (ELs) for 13 exploration blocks for critical minerals. Reddy launched the ELs in the presence of Goa Chief Minister Pramod Sawant in Dona Paula near here, a major reform aimed to...
Food Prices Cool February Inflation To 3.61%; IIP Rises To 8-Month High In January
NEW DELHI: A sharp deceleration in food price rise helped moderate India’s retail inflation to a seven-month low of 3.61 per cent in February, triggering hopes of another repo rate cut as this would be the final official price gauge print before the Monetary Policy Committee (MPC) of the...
Bank’s Asset Quality To Deteriorate Moderately In FY26 And FY27: Moody’s
MUMBAI: Global Rating agency Moody’s on Wednesday said the asset quality of Indian banks may deteriorate moderately up to 3.0 per cent in the next 12-18 months after substantial improvements. But the rating agency kept the outlook for the banking system “stable”. The system-wide non-performing loan (NPL) dropped to...
IRDAI Has Taken A Few Bold Steps; It Has To Sprint Now
CHENNAI: The three-year stint of Insurance Regulatory and Development Authority of India (Irdai) chief Debasish Panda saw a healthy tilt towards consumer protection. Panda’s tenure is scheduled to end on Thursday. His big moves — capping premium hikes for senior citizen health policies at 10%, increasing surrender value for...
Private Sector In India Stays Positive Despite Slight Dip In Confidence, Survey Finds
NEW DELHI: Private sector companies in India remain optimistic about demand conditions over the next 12 months, according to a private survey released on Wednesday. New projects, product differentiation, advertising and tech investment are some of the key reasons behind this confidence, the survey mentioned. The HSBC India Business...
US Tariffs Unlikely To Dent Steel Companies As Exports Share Low
NEW DELHI: The 25% tariffs imposed by the US on its steel and aluminium imports are unlikely to significantly impact the Indian steel industry, said a senior steel ministry official. These tariffs come into effect from Wednesday. “India exports less than 100,000 tonnes of steel to the US, so...
India Imposes 150 Per Cent Tariff On American Alcohol, 100 Per Cent Tariff On Agriculture Goods: White House
WASHINGTON: The White House has voiced strong concerns over high tariffs imposed by several countries on American goods, calling for more balanced trade. On Tuesday, White House Press Secretary Karoline Leavitt specifically pointed to India, Canada, and Japan, criticising their steep tariff rates on US products. Speaking at a...
New Orders Slow, February-March Exports Seen Subdued
NEW DELHI: The uncertainty caused by the global tariff war and the threat of reciprocal levies by the US has slowed India’s export pace further. With importers being cautious about placing new orders in the volatile situation, the country’s onward shipments in February and March might see contraction on...
New Accounting Norms From April 1 To Improve On Forex Guidance
NEW DELHI: The National Financial Reporting Authority (NFRA) has proposed key changes in the accounting standards, with an aim to more accurately capture the impact of transactions conducted by firms in foreign currency on their financial statements. The proposed amendments to Ind AS21 will give clearer guidance to companies...
