Business
India Rebalances Crude Slate As Saudi Gains, Russian Flows Ease
NEW DELHI: India’s crude import strategy is entering a phase of calibrated rebalancing rather than abrupt realignment, with Middle Eastern suppliers led by Saudi Arabia regaining market share even as Russian volumes remain significant but increasingly shaped by geopolitics and compliance constraints, according to shipping data and analysts. During...
India, US Postpone Trade Deal Talks After Donald Trump Tariff Verdict
NEW DELHI: A team headed by India’s chief trade negotiator for the US, Darpan Jain, has postponed the visit to Washington DC amid the uncertainty surrounding the tariff situation following the Supreme Court judgment. The team was scheduled to travel on Sunday for three-day talks to finalise the legal...
CPSE Dividends On Track To Meet FY26 Target
NEW DELHI: The Centre’s dividend receipts from central public sector enterprises (CPSEs) have reached Rs 57,800 crore so far this financial year. This is marginally lower than collections during the same period last year but remains broadly on track to meet the full-year budget target. In the revised estimates...
Venture Capital Flows Play The Waiting Game, Sit On $10 Billion
BENGALURU: Even as venture capital flows into startups pick up, more than $10 billion in committed capital is still sitting on the sidelines. The paradox underscores a shift in investor behaviour rather than a funding slowdown. Investors, industry executives say, are becoming far more selective about where they deploy...
MAT Revamp Prompts Capital-Intensive Firms To Modify Tax Planning
NEW DELHI: The proposed changes to the Minimum Alternate Tax (MAT) regime, announced in the Union Budget for FY27, will significantly impact companies in capital-intensive sectors such as infrastructure, Special Economic Zone (SEZ) units and tax-holiday startups, analysts said. Electronics manufacturing units, power and renewables and automobile firms will...
Near-Term Outlook Favourable To Sustain High Growth, Says RBI Report
MUMBAI: India’s near-term economic momentum remains favourable to sustain high growth, amid a benign inflation outlook, according to the Reserve Bank of India’s (RBI’s) monthly State of the Economy report, released on Friday. The recent trade deals with the European Union (EU) and the United States (US) are likely...
State Bank Of India In Talks With Japanese Banks For Acquisition Financing After RBI Nod
MUMBAI: The nation’s largest lender State Bank of India with a business of over Rs 103 trillion as of December, is talking to Japanese banks for collaboration in acquisition financing which the regulator RBI has just allowed, chairman CS Setty has said. The bank has a war chest of...
Government Announces Seven Measures To Help Boost Exports
NEW DELHI: The Government on Friday announced seven measures, including credit assistance for e-commerce exporters and support for alternative trade instruments, with an aim to promote the country’s outbound shipments. These measures are part of the INR25,060-crore export promotion mission. Out of 10 components of the mission, three have...
NITI Aayog Seeks Major Overhaul Of India’s Apprenticeship Ecosystem
NEW DELHI: The NITI Aayog on Friday proposed a comprehensive overhaul of the country’s apprenticeship ecosystem, urging deeper industry participation, streamlined governance and stronger support for apprentices. “Weak industry-academia linkages, inadequate institutional coordination, and fragmented regulatory frameworks continue to constrain the scalability and effectiveness of apprenticeship initiatives,” said a...
Core Sector Growth Eases To 4 Per Cent In January
NEW DELHI: Infrastructure-sector industries grew by 4% year-on-year in January, down from an upwardly revised 4.7% growth in December. Seven of the eight core sectors recorded a deceleration in the growth rate in January compared with the previous month. According to the official data released on Friday, five of...
Easing Norms May See Forex Borrowings Scaling Past $100 Billion Next Fiscal
MUMBAI: With the Reserve Bank drastically liberalizing the external commercial borrowing (ECB) norms, investment bankers are expecting corporates to rush to this fundraising route, which could nearly double to $100 billion next fiscal, from the record $61.2 billion raised last fiscal. Key changes that the central bank announced earlier...
India May Attract $200 Billion In Data Centre Investment By 2030: Deloitte
NEW DELHI: India is set to attract $200 billion investment in the creation of new data centre capacity by 2030, part of the larger $800 billion investment line-up in the Asia Pacific region, according to accounting and consultancy firm Deloitte Touche Tohmatsu. “This is a huge economic opportunity for...
Panel Proposes Seasonally Adjusted Quarterly GDP Data
NEW DELHI: A committee under the Ministry of Statistics and Programme Implementation (MoSPI) has recommended introducing a seasonally adjusted quarterly gross domestic product (GDP) series to provide a more accurate assessment of the economy’s progress. The proposal, part of a broader review of national accounts methodology, aims to give...
Vehicle, Marine Exports To EU Zoom Before FTA Signing
NEW DELHI: Vehicle and marine exports to the European Union have shown a growth in excess of 25% in the April-December period of this financial year and these are expected to gain greater traction once the Free Trade Agreement (FTA) between both sides becomes operational. The vehicle exports to...
Permanent Magnet Production To Start By Year-End: Govt
NEW DELHI: India will begin domestic production of permanent magnets by the end of this year, marking a strategic breakthrough aimed at reducing its overwhelming 95% dependence on imported critical minerals that power electric vehicles, renewable energy systems, electronics and defence manufacturing. “The mining ministry and a state-run body...
Europe Backs India’s AI Push And Supports Early Ratification Of Trade Deal
NEW DELHI: European leaders and delegation members on Wednesday conveyed unanimous support for the early ratification of the India-European Union (EU) trade deal in their discussions with Prime Minister Narendra Modi and the Indian side during the ongoing AI Impact Summit. Ahead of the Leaders’ Plenary, scheduled for Thursday,...
Banks Take Cautious Approach To Acquisition Financing Under New RBI Norms
MUMBAI: Banks plan to move cautiously into acquisition financing after the Reserve Bank of India’s (RBI’s) final guidelines, issued last week, opened an avenue for deploying resources. The framework will take effect on April 1. With the acquisition funding door now open, the Reserve Bank of India has installed...
States’ Fiscal Arithmetic Tightens In FY27; Deficit Seen At 3% Of GDP
NEW DELHI: India Ratings & Research (Ind-Ra) has projected the aggregate fiscal deficit of states to rise to 3 per cent of gross domestic product (GDP) in 2026-27 (FY27), from an estimated 2.8 per cent in 2025-26 (FY26), citing higher revenue expenditure amid election-related pressures and scheme cost-sharing requirements....
