In the monetary policy announced by the Reserve Bank during the first week of April, the central bank delivered a strong message by keeping the repo rate and other policy interest rates unchanged, and simultaneously maintaining its stance as ‘Neutral’ (or status quo). This signals that, despite rising crude...
NEW DELHI: India is likely to stall for time in its trade negotiations with the US when negotiators meet in Washington soon, as it wants the upcoming US mid-term elections to provide clarity on the American legislative landscape, sources have said. Following the US Supreme Court’s invalidation of reciprocal...
MUMBAI: Amid concerns over attrition, India Inc expects hiring to remain focused on mid-level roles, with salary hikes likely to stay moderate at around 5-10 per cent in 2026-27, a report said on Tuesday. Hiring demand is expected to be concentrated at the mid-level, with 49 per cent of...
NEW DELHI: India’s retail inflation rose to 3.4 per cent in March from 3.21 per cent in February, driven by an uptick in food and fuel prices, according to data released by the National Statistics Office (NSO) on Monday. This marks the first full month of data since the...
BHUBANESWAR: Women now account for around 26 per cent of India’s total credit system, with their outstanding portfolio expanding nearly five-fold — from ₹16 trillion in 2017 to ₹76 trillion in 2025, reveals a new report anchored by premier policy think tank Niti Aayog. According to the joint report...
MUMBAI: The non-government non-financial (NGNF) private limited companies’ profit after tax registered a double-digit growth of 31.6 per cent year-on-year (YoY) in FY25, as compared to 51.9 per cent in FY24, according to the latest data by the Reserve Bank of India. “Despite the rise in costs, operating profit...
NEW DELHI: India is likely to receive below-normal southwest monsoon rainfall in 2026, with precipitation estimated at 92% of the Long Period Average (LPA), the India Meteorological Department (IMD) said in its long-range forecast. The projection carries a model error margin of ±5%, with the LPA for the June–September...
NEW DELHI: The Ministry of Labour and Employment on Monday signed initial pacts with Porter and Gigin Technologies to expand employment opportunities and strengthen digital job matching through National Career Service (NCS) portal. Porter is expected to generate large-scale logistics and driving opportunities and targets creation of over 30...
BHUBANESWAR: Climate shocks, ranging from erratic rainfall and rising temperatures to floods and droughts, are worsening poverty across India, particularly in regions heavily dependent on agriculture, according to a new first-of-its-kind study by the National Institute of Science Education and Research (Niser), an autonomous research institute under the Department...
A senior Reserve Bank of India official criticized foreign-exchange market makers for their role in aggravating the rupee’s weakness during the West Asia tensions, as the regulator keeps up its tough messaging stance in its defense of the currency. Addressing an annual foreign exchange dealers’ conference in Paris at...
NEW DELHI: Raising serious concerns over disruptions and structural inefficiencies in India’s drug and medical device regulatory framework, a parliamentary standing committee has asked the Department of Health and Family Welfare (DoHFW) to pursue immediate approval of funds under the scheme for Strengthening of State Drug Regulatory System (SSDRS)....
MUMBAI: Geopolitical uncertainties caused by the unproductive United States-Iran talks in Islamabad are likely to cast a shadow on equity markets on Monday. Tensions mounted after US President Donald Trump ordered a naval blockade of the Strait of Hormuz on Sunday evening if Iran fails to keep this key...
India’s leading information technology companies are accelerating acquisitions as slowing demand and the rapid rise of artificial intelligence begin to reshape the sector’s growth model. The latest sign of this shift came from Wipro, which this week agreed to acquire Mindsprint from Singapore-based Olam Group for $375 million, alongside...
MUMBAI: The Reserve Bank of India on Friday proposed an overhaul of the framework for identifying upper-layer non-banking finance companies (NBFCs), suggesting a shift to an asset-size-based criterion and inclusion of government-owned entities, PTI reported. Under the draft ‘Reserve Bank of India (Non-Banking Financial Companies’ Registration, Exemptions and Framework...
NEW DELHI: A government-appointed panel has called for a pre-insolvency restructuring framework and a larger role for public sector entities to resolve stress in the real estate sector. The committee has argued that the current Corporate Insolvency Resolution Process (CIRP), though effective in select cases, often proves too slow...
NEW DELHI: The Asian Development Bank (ADB) on Friday raised India’s gross domestic product (GDP) growth forecast in FY27 by 40 basis points (bps) to 6.9 per cent compared to its December 2025 forecast of 6.5 per cent. It cited robust domestic reforms, rising consumption and investment, even as...
NEW DELHI: Equity mutual funds witnessed a net inflow of Rs 40,450 crore in March, marking an increase of 56 per cent from the preceding month, reflecting sustained investor confidence despite market volatility and heightened geopolitical tensions. This was the highest monthly net inflow after July 2025, when the...
PORT LOUIS: India on Friday intensified its diplomatic and economic outreach amid the West Asia crisis, with External Affairs Minister S Jaishankar voicing concern over escalating tensions, Petroleum Minister Hardeep Singh Puri engaging Qatar to secure energy supplies, and Commerce Minister Piyush Goyal coordinating with Gulf partners to restore...