NEW DELHI: India’s next spectrum auction will get underway on May 20 when the government will put around 10,523.15 MHz of 5G airwaves worth ₹96,317.6 crore in eight key bands on sale. The department of telecommunications (DoT) on Friday set the ball rolling for the next 5G spectrum sale...
NEW DELHI: The successive economic shocks such as demonetisation, goods & services tax (GST) implementation and Covid may have led to a slowdown in consumption expenditure growth in the previous decade as compared to the preceding decade, Nomura said in its latest Asia Economic Monthly report released on Friday...
NEW DELHI: Investment worth $100 billion over 15 years will be tied with the trade agreement between India and the four-member European Free Trade Association (EFTA), to be signed on Sunday, according to people aware of the matter. The investment will be linked to the creation of one million...
MUMBAI: India’s financial market regulator and its central bank are widening an investigation into how merchant banks manage retail subscriptions in public debt issues, two sources with direct knowledge of the matter told Reuters. The Securities and Exchange Board of India (SEBI) barred JM Financial from taking new mandates...
NEW DELHI: The number of board seats held by women across India Inc has increased gradually over the past five years with them holding 18.3 per cent board seats in 2023, a Deloitte report said on Friday. The ‘Women in the boardroom: A global perspective’ report, however, said that...
NEW DELHI: Women in India are increasingly stepping into the realm of entrepreneurship as they strive for financial independence and empowerment. While there has been a surge in the number of women entrepreneurs making their mark in various industries, a significant challenge persists. Despite their entrepreneurial drive and innovative...
NEW DELHI: Commerce and Industry Minister Piyush Goyal on Friday said that the Modi government always keeps in mind commensurate and long-term benefits for the domestic industry while negotiating free trade agreements. He stressed that “gone” are the days when India used to accept the terms of the world....
NEW DELHI: SIDBI chairman S Ramann on Friday said that the Fund of Funds for Start-ups (FFS) has committed Rs 9,500 crore for the promotion of new ventures in the country. The FFS was unveiled by the Prime Minister on January 16, 2016, in line with the Start-up India...
crore in February, making it the highest monthly infusion in 23 months, driven by massive interest for thematic funds and launch of new fund offerings (NFOs). Also, the latest flow was about 23 per cent higher than inflows of Rs 21,780 crore in January. Moreover, monthly Systematic Investment Plan...
NEW DELHI: The Union Cabinet on Thursday evening approved an outlay of Rs 10,372 crore for five years for the India AI Mission, aimed at fostering innovation in artificial intelligence through public-private partnerships. Ahead of the general elections, the government also announced the extension of Rs 300 per LPG...
NEW DELHI: An inter-ministerial committee (IMC) led by the coal ministry on Thursday suggested that GST compensation cess should be imposed on an “ad valorem” (according to value) basis so that it is directly related to the price and quantity of coal, instead of a flat rate of Rs...
MUMBAI: Banks that issue business credit cards will have to monitor the end use of funds on account of those, the Reserve Bank of India (RBI) has mandated while amending its master directions for credit and debit cards. “Card-issuers may issue business credit cards to business entities/individuals for business...
NEW DELHI: The Narendra Modi government has drawn up a plan to introduce cross-border and group insolvency norms simultaneously through amendments to the Insolvency and Bankruptcy Code (IBC), as it expects to assume power for a third term, a government source told FE. “The ministry of corporate affairs has...
NEW DELHI: India could bring Big Tech companies under the ambit of the proposed digital competition law if they have 10% of their global user base or business transactions in the country, people aware of the details told ET. This is aimed at addressing potential antitrust concerns involving systemically...
NEW DELHI: Union minister Ashwini Vaishnaw on Thursday made a case for reforming economic laws to suit India’s growth requirement as has been done through enactment of three new criminal laws to replace the colonial-era legislations. Addressing an event organised by government think tank NITI Aayog, Vaishnaw said the...
NEW DELHI: State gas utility GAIL (India) Ltd and oil producer ONGC will explore possibility of using Shell’s import terminal at Hazira in Gujarat for importing ethane and other hydrocarbons to fuel their petrochemical ambitions. GAIL had in May last year signed a memorandum of understanding with Shell Energy...
MUMBAI: The Reserve Bank of India and Bank Indonesia (BI) on Thursday signed a Memorandum of Understanding to promote use of local currencies for bilateral transactions. The MoU was signed here for establishing a framework to promote the use of local currencies viz., the Indian Rupee (INR) and the...
NEW DELHI: India’s horticulture crops production is estimated to remain flat at 355.25 million tonne in 2023-24, despite a fall in onion output by 4.7 million tonne, according to the government data. Releasing the first advance estimates for 2023-24, the agriculture ministry said that the horticulture production in the...