MUMBAI: Banks are unlikely to get any respite from declining current account-savings account (CASA) ratio in the first half of the current calendar year. Bankers do not expect any improvement in CASA ratio in near term as high interest rates on fixed deposits will keep attracting funds from current...
NEW DELHI: India’s import of crude oil reached a multi-year high of 4.9 million barrels a day in January and increased 13% from December 2023, according to data from energy cargo tracker Vortexa. Indian refiners cumulatively had imported 4.3 million barrels a day in December. The country imported 1.20...
NEW DELHI: Having reaped rich dividends from the Reserve Bank in the current financial year, the government will be looking forward to receiving about Rs 70,000 crore from the central bank and the financial institutions (FIs) in the next financial year. In the interim Budget to be unveiled in...
NEW DELHI: Union Agriculture Minister Arjun Munda on Monday launched a framework to promote the Voluntary Carbon Market (VCM) in the farm sector and said this will encourage small and medium farmers to avail benefits of carbon credit. Introducing farmers to the carbon market will not only benefit them...
NEW DELHI: Adani Green Energy Ltd (AGEL) on Monday said it has completed the funding for redemption of its USD 750 million bonds, eight months ahead of their maturity. The Adani Group company had raised USD 750 million through the issuance of NCDs (non-convertible debentures) which will mature in...
NEW DELHI: National Institute of Securities Market (NISM), an educational initiative by markets regulator Sebi, has invited applications for filling up the position of director. The director of NISM is the Principal and Chief Executive Officer of the institute. Sebi-run NISM is one of the largest financial market certifying...
GURUGRAM: Korean electronics major Samsung plans to start manufacturing laptops at its Noida factory in India this year, a senior company official said on Monday. Terming India as its important manufacturing base, Samsung Electronics President and Head of Mobile eXperience (MX) Business TM Roh told reporters here that the...
NEW DELHI: North Block is expected to lower its fiscal deficit target meaningfully in FY25, in line with the post-Covid consolidation roadmap, but the Centre’s gross debt sales will likely remain at this FY’s record levels despite New Delhi expectedly slowing the pace of investments in capital assets. A...
NEW DELHI: India has identified electronics, engineering goods, textiles, marine & agriculture, toys and pharmaceuticals as the six sectors that could help the country achieve almost 70% of its $1-trillion goods export target by FY30. As per a study by the commerce and industry ministry, these sectors could clock...
NEW DELHI: The total number of applications filed by investors to the Investor Education and Protection Fund Authority (IEPFA) for claiming their unpaid dividends in the current financial year is likely to cross 45,000, up 18% on year, official sources privy to the matter told FE. Till December-end, the...
MUMBAI: The top-level structure of public sector insurance companies is set to undergo an overhaul with the selection process and interviews for filling up the nine posts of executive directors (EDs) in place of general managers and directors (GMDs) expected to be completed soon. The ED structure for PSU...
NEW DELHI: If there is one word to describe the Budget team, it’s stability. Not only has finance minister Nirmala Sitharaman stayed her full term and will present her sixth straight Budget, but there are at least two secretaries who would be there for their fifth Budget – a...
NEW DELHI: Italian-American off-road construction and agriculture firm CNH is planning to invest up to USD 50 million in the farm machinery segment in India this year and launch a 105HP tractor in May, according to a top CNH India official. CNH, which produces and sells farm machinery and...
NEW DELHI: As many as 431 infrastructure projects, each entailing an investment of Rs 150 crore or more, were hit by cost overrun of more than Rs 4.82 lakh crore in December 2023, an official report stated. According to the Ministry of Statistics and Programme Implementation (MoSPI), which monitors...
NEW DELHI: The Government needs to continue with favourable policies to promote green mobility while also focussing on infrastructure development at a robust pace in the upcoming Budget, according to some leading firms in the automobile space. The Union government is all set to present the interim Budget on...
NEW DELHI: India’s natural gas demand is expected to rise by 6 per cent in 2024 with a rise in consumption in fertiliser units, power generation and industrial sectors, according to the International Energy Agency (IEA). Following the 7 per cent year-on-year decline observed in 2022, India’s primary gas...
NEW DELHI: Builders are constructing bigger homes to meet consumers’ demand as the average size of flats rose 11 per cent last year across seven major cities, according to Anarock. Real estate consultant Anarock has analysed the fresh supply of housing units during 2023 across the primary residential market...
NEW DELHI: The Tata group and European aerospace company Airbus have signed an agreement to manufacture H125 civilian helicopters together in India. This announcement came as India and France adopted a joint defence production road map and an agreement on defence space partnership, following talks between Prime Minister Narendra...