Business
Centre May Extend Sector & Sponsored Schemes Beyond April 1 Amid Ongoing Review
NEW DELHI: Several government schemes might continue in their present form beyond April 1. Ministries are still reviewing and rationalising these programs. The government is considering giving them more time to finalize redesigns. This delay is due to ongoing evaluation of third-party reports. Existing schemes could continue temporarily until...
Qatar Shuts LNG Output; Supplies To India Hit, City Gas Sector Flags Crisis
NEW DELHI: New Delhi: Qatar has halted liquefied natural gas (LNG) production after its facilities came under attack amid the ongoing West Asia conflict, disrupting supplies to India and squeezing feedstock availability for key domestic sectors. India, which depends on long-term LNG contracts with Qatar for a significant share...
Services Sector Growth Moderates In February, But International Sales Expand
MUMBAI: Services sector growth saw a slight moderation in February with the monthly sectoral PMI easing to 58.1 amid slower new order growth which hit a 13-month low and rising inflation for inputs that rose to a two-and-a-half-year high. According to the HSBC India services PMI, growth moderated to...
Centre Okays Rs 84,000-Crore In Boost To Post-Harvest Assets
NEW DELHI: To boost post-harvest facilities like farm gate storage and logistics infrastructure, the Centre has approved proposals worth over Rs 83,528 crore under the Agriculture Infrastructure Fund (AIF) for over 1.65 lakh projects since its launch in 2020. Sources told FE that these sanctioned projects have mobilised investment...
SEBI Sets Rules For Custodians Offering Services Outside Its Oversight
MUMBAI: The Securities and Exchange Board of India (Sebi) on Wednesday issued a framework allowing custodians — except those backed by banks — to undertake financial services that fall outside the market regulator’s purview. Under the new norms, such activities must be carried out through a separate strategic business...
PMS Industry Seeks Lower Compliance Burden
MUMBAI: The portfolio management services (PMS) industry is keeping its fingers crossed as the Securities and Exchange of India (Sebi) looks to overhaul PMS Regulations, 2020. Given the changes that are taking place in the market, experts believe that lower compliance burden would be one of the important moves...
India, Canada Seal $2.6 Billion Uranium Deal, Aim To Finalise Trade Pact In 2026
NEW DELHI: Amid escalating volatility in the global energy sector driven by geopolitical tensions, supply chain disruptions, and shifting energy demands, India and Canada took a significant step on Monday by signing a long-term Uranium supply agreement valued at $1.9 billion between Cameco Corporation and the Department of Atomic...
Current Account Deficit Widens To $13.2 Billion In Q3 As Trade Deficit Expands
MUMBAI: The current account deficit (CAD), which is the difference between forex earned from exports and forex spent on imports, widened to $13.2 billion or 1.3% of GDP in the quarter to December as the trade gap expanded, though higher services receipts, lower investment outflows and stronger remittances provided...
Marquee PSUs Slipping On Corporate Governance Standards, Says Survey
NEW DELHI: A large number of public-sector companies —Maharatna and Navratna — are coming up short on several parameters of corporate governance, including having a minimum number of independent directors and appointing women directors, apart from doing succession planning and a shareholder-satisfaction survey. The fifth “Annual Corporate Governance Survey”,...
Manufacturing PMI Climbs To Four-Month High In February, Rises To 56.9
NEW DELHI: India’s private sector manufacturing activity growth surged to a four-month high in February even as exports plummeted, according to data compiled by S&P Global on Monday. HSBC’s India Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, which measures monthly change in manufacturing output, rose to 56.9...
IIP Growth Eases To A Three-Month Low Of 4.8 Per Cent In January
NEW DELHI: India’s industrial production growth slowed to a three-month low of 4.8 per cent in January, down from an upwardly revised 26-month high of 8 per cent in December, driven by a broad-based slowdown across mining, manufacturing, and electricity, along with some base effects, according to data released...
India’s FY26 Growth Outlook Raised To 7.6 Per Cent After GDP Series Reset
NEW DELHI: India’s new national accounts series, rebased to 2022-23, has lifted the economy’s estimated real growth for FY26 to at least a three-year high of 7.6 per cent, even as it unexpectedly lowered the nominal gross domestic product (GDP) base that underpins the Union Budget. The second advance...
PM Modi Moots ‘Reform Partnership Charter’ With Industry, Lenders
NEW DELHI: With the government ramping up capital spending and fostering a conducive policy environment in successive Budgets, it is now time for the private sector to invest, innovate and drive the next phase of globally competitive growth for India, Prime Minister Narendra Modi asserted on Friday, mooting a...
India, EU Free Trade Agreement Includes Model Mediation Procedures
NEW DELHI: The free trade agreement (FTA) between India and the EU has included an annexure for mediation for a mutually-agreed solution to a dispute through an expeditious procedure with the assistance of a mediator. According to the text of the FTA, an annexure on ‘model mediation procedures’ has...
New Series Shows A More Investment- And Export-Driven Growth Structure
NEW DELHI: The revised GDP series indicates a shift in India’s demand composition, with investment and exports gaining prominence. In constant prices, private final consumption expenditure remains the largest component but declined gradually as a share of GDP from 57.1% in FY23 to 55.7% in FY26. Gross fixed capital...
Lifecycle Funds Nudge Investors To Stay The Course Amid Market Jitters
MUMBAI: Individuals planning to invest in mutual funds for long-term goals such as retirement or children’s education will soon be able to select life cycle funds. The automatic transition feature in these funds ensures portfolio risk gradually aligns with the investor’s time horizon without requiring manual rebalancing. These funds...
SEBI Overhauls Mutual Fund Rulebook
MUMBAI: The Securities and Exchange Board of India (Sebi) introduced sweeping changes for the Rs 81 lakh crore mutual fund industry on Thursday. The changes include doing away with solution-oriented schemes, introduced life cycle funds, allowed more exposure to gold, silver and infrastructure investment trusts (InvITs) and restricted portfolio...
Public Sector Banks Lead In Green Deposit Mobilisation
MUMBAI: Banks are stepping up their focus on green deposits, with public sector lenders accounting for the bulk of collections so far. However, growth remains at a nascent stage, and total amounts mobilised are still small compared to the overall deposit base of the banking system. Green deposits are...
