MUMBAI: Equity markets are impacted more by the expectations of future monetary policy than the policy rate surprises on the day of announcement of the policy by the Reserve Bank, said an analysis. According to a working paper prepared by RBI officials, the regulatory and development measures which are...
NEW DELHI: The government’s flagship pension scheme for the unorganised sector workers—Pradhan Mantri Shram Yogi Maandhan (PMSYM) yojana, meant to create a universal social security system for the vast informal sector, has logged just over five million subscribers since its inception in March 2019, thus raising questions on the...
NEW DELHI: Indian banks’ credit growth, profitability and asset quality would remain robust in current fiscal reflecting strong economic growth, but they may be compelled to slow down their loan growth as deposits are not growing at a similar pace, S&P Global Ratings has said. In the Asia-Pacific 2Q...
NEW DELHI: A fresh set of ‘alert indicators’ have been issued by India’s financial intelligence unit (FIU) for capital markets, insurance companies, online payment gateway intermediaries and crypto currency service providers for effective checking of suspicious transactions in their channels as part of the anti-money laundering and counter-terrorism financing...
NEW DELHI: Chennai-based startup The ePlane Company expects to develop a certifiable prototype of a flying electric taxi by March next year as it works on ways to alleviate urban congestion. Incubated out of the Indian Institute of Technology (IIT), Madras, the company also aims to initially commercialise its...
NEW DELHI: Industry body CII on Sunday announced it has launched a charter for startups that enlist voluntary recommendations on corporate governance keeping in view unique nuances to govern startups. The Corporate Governance Charter also prescribes guidelines appropriate for startups based on the specific stages of their life cycle....
NEW DELHI: Stainless steel products maker Sai Swami Metals & Alloys Ltd will hit the capital market on April 30 to raise around Rs 15 crore from public investors. The initial public offering of the company will open for subscription on the SME platform of BSE on Tuesday and...
NEW DELHI: After NTPC Green’s Rs 10,000 crore initial public offer (IPO) expected around November, almost a dozen more such issues are likely to hit the market over the ensuing months, with state-run energy companies seeking to bolster the capital bases of their newly incorporated green subsidiaries. These IPOs...
NEW DELHI: India’s “promising economic performance” continues to be backed by resilient growth, robust economic activity indicators, price stability and steady external sector performance, the finance ministry said Thursday. However, geopolitical tensions such as those roiling West Asia, remain a concern although risk perceptions over them have softened, offering...
NEW DELHI: The World Bank, along with the Ministry of Electronics & Information Technology (Meity), is working on developing a state-level Digital Public Infrastructure (DPI) adoption index that will help boost the digital economy and support financial inclusion. In response to Business Standard’s queries, the World Bank said the...
ISLAMABAD: Pakistan business leaders in an interactive session with Prime Minister Shehbaz Sharif urged him to initiate trade talks with India to promote business and commerce which would greatly benefit the economy of the cash-strapped country. Posing tough questions during an hour-long meeting at the Sindh CM House here...
NEW DELHI: The commerce ministry has embarked on an exercise to identify and estimate the investments required for the country’s export infrastructure, after having set a target of $1 trillion merchandise export target by 2030, a senior official said Thursday. The exercise is being carried out in collaboration with...
NEW DELHI: Resilient growth, price stability and steady external sector outlook continue to support India’s promising economic performance amid uncertain global conditions, a Finance Ministry report said on Thursday. Overall, India continues to be the fastest-growing major economy, with positive assessments of the growth outlook for the current financial...
COLOMBO: India’s diversified entity ITC plans to open more hotels overseas with neighbouring countries and the Middle East as primary target markets after opening of its first international property here, company Chairman and Managing Director Sanjiv Puri said on Thursday. The company’s arm ITC Hotels, which had opened 22...
NEW DELHI: India’s services exports jumped 11.4 per cent to USD 345 billion in 2023 despite global economic uncertainties, while China’s shipments from the sector contracted by 10.1 per cent to USD 381 billion, according to a UNCTAD report. Sectors that contribute to India’s services export growth include travel,...
NEW DELHI: The commerce ministry has initiated an exercise to identify required infrastructure needs, potential sectors, and clusters which would help the country achieve the USD 1 trillion merchandise exports target by 2030, a senior government official said on Thursday. Additional Secretary in the Department of Commerce Anant Swarup...
NEW DELHI: Consumers sentiments in India’s housing market remain positive despite a rise in prices, according to realty portal Magicbricks. On Thursday, Magicbricks released a report ‘Housing Sentiment Index’ based on the survey of over 4,500 customers across 11 cities. “Despite inflationary pressures, the Housing Sentiment Index (HSI) across...
NEW DELHI: The Telecom Regulatory Authority of India (Trai) on Wednesday said the department of telecommunications (DoT) should allow sharing of all types telecom infrastructure between the operators, to reduce costs, improve quality of services, avoid duplication of investment, and provide timely services, among other things. Trai’s recommendation to...