NEW DELHI: The first month of the West Asia conflict dented output in India’s eight core sectors by 0.4 per cent, making their March trajectory the worst show in 19 months, and marking a sobering end to financial year 2025-26 (FY26) with cumulative growth in these infrastructure sectors sliding...
NEW DELHI: Mining major Vedanta on Monday said its board has approved May 1, 2026, as the effective date for the demerger of its aluminium, merchant power, oil and gas and iron ore verticals into separate listed entities. In a filing to BSE, the company said that “the board...
Iran said it would open the Strait of Hormuz for the duration of a 10-day ceasefire between Israel and Hezbollah in Lebanon, increasing the prospect of an agreement to end the wider war in West Asia. Further boosting hopes for an end to the war, American President Donald Trump...
NEW DELHI: Tycoon Gautam Adani has overtaken fellow Gujarat business czar Mukesh Ambani to become Asia’s richest person, as a sustained rally in shares of his ports-to-energy conglomerate lifted his net worth. With a net worth of $92.6 billion, Adani surpassed Ambani, whose fortune stands at $90.8 billion, to...
NEW DELHI: Supply-side cost pressures and weak demand took a toll on India’s smartphone shipments, which fell 3 per cent year-on-year in Q1 2026, suffering its weakest quarter in the last six years, according to Counterpoint Research’s Monthly India Smartphone Tracker. On the outlook, Research Director Tarun Pathak said...
MUMBAI: India is increasingly being recognised as a stable global capital hub, with its market capitalisation at about US$4.4 trillion and around US$154 billion raised through equity and debt markets in FY26, according to Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey. Speaking at a high-level...
NEW DELHI: Dinesh Kumar’s story reflects a wider reality playing out across industrial hubs such as Noida (Uttar Pradesh) and Manesar (Haryana). A tailor from Moradabad in UP, Kumar moved to Noida in 2014 in search of better prospects, and began working in a textile factory for about Rs...
NEW DELHI: A high-level inter-ministerial body, AI Governance and Economic Group, headed by Union IT Minister Ashwini Vaishnaw, has been constituted to steer the country’s national AI governance strategy, an official statement said on Thursday. AI Governance and Economic Group (AIGEG) will coordinate policy across ministries, departments and sectoral...
WASHINGTON: Asia will remain the main driver of global growth with India and China contributing 70 per cent of the regional expansion, the IMF said Thursday, adding that the energy shock due to the Gulf crisis will negatively impact the region. However, the five per cent regional growth witnessed...
As of 6 April 2026, the banking system was in a liquidity surplus of about Rs 3.8 trillion. This is a reasonably comfortable headline number, equivalent to roughly 1.5% of banks’ net demand and time liabilities (NDTL). Yet, this headline surplus masks a much more uneasy underlying reality. Despite...
NEW DELHI: The European Union has started examining the proposal to expand the scope of carbon tax and bring 180 new steel and aluminium products under it from January 2028. The European Parliament’s Committee on the Environment, Climate and Food Safety has recommended to EU parliament for expanding the...
NEW DELHI: India’s exports of agricultural and processed food products rose by a modest 2% year-on-year to $25.71 billion in 2025-26, as shipments of rice, which has the biggest share in this export basket, declined due to geopolitical factors. The value of rice exports including basmati and non-basmati varieties,...
NEW DELHI: India’s goods trade emerged relatively unscathed through the first month of the US-Iran conflict, with exports hitting a one-year high of $39 billion to help close 2025-26 (FY26) with a 0.9 per cent uptick, and the import bill shrinking 6.5 per cent sequentially and year-on-year to under...
MUMBAI: After muted growth in 2024-25 (FY25), bank credit expanded by 16.08 per cent year-on-year (Y-o-Y) in FY26, marking the fastest pace since FY24, when credit in the system grew by over 20 per cent. During the same period, deposits rose by 13.47 per cent Y-o-Y, also the highest...
MUMBAI: The mutual fund industry reduced its cash holdings by ₹15,545 crore in March, as they deployed capital to tap opportunities arising from market volatility triggered by the West Asia crisis and a sharp rise in Brent crude prices. On a yearly basis, the industry’s cash holdings as a...
NEW DELHI: The unemployment rate among persons aged 15-29 years rose to a nine-month high of 15.2% in March, up from 14.8% in February, according to the Periodic Labour Force Survey (PLFS) released by the Ministry of Statistics and Programme Implementation (MoSPI) on Wednesday. This was the highest youth...
NEW DELHI: A sustained rise in crude oil prices to $130 per barrel could slow India’s economic growth, weaken fiscal metrics, and strain corporate and banking sector performance, according to a scenario analysis by S&P Global Ratings released on Tuesday. The report estimates that growth could decline by up...
WASHINGTON: The International Monetary Fund (IMF) has cautioned that the ongoing Iran conflict has disrupted global economic momentum, lowering growth prospects and increasing inflationary pressures worldwide. In its latest World Economic Outlook, the IMF cut its global growth forecast for 2026 to 3.1 per cent from the 3.3 per...