Business
Centre’s Capex Loan To States Surpasses 90 Per Cent Of FY25 Target
NEW DELHI: The Centre has released loans of Rs 1.15 lakh crore to states so far this financial year under the scheme for interest-free 50-year special assistance for capital expenditure, inching closer to the revised estimate of Rs 1.25 lakh crore for the year. The amount released so far...
IRDAI Plans To Put Risk Management At Industry Core To Align With Global Best
The Insurance Regulatory and Development Authority of India (IRDAI) is working toward implementing major regulatory changes over the next 18-24 months, multiple industry sources told ET, pointing to the regulator’s goal of boosting risk management and putting in place a framework that harnesses global practices. Among the proposed changes...
India-UK Deal To Fire Up Goods Trade 2-3x In 10 Years
NEW DELHI: India has the “flexibility and ability” to significantly reduce its tariffs in a free trade agreement (FTA) with the UK and is actively negotiating a social security agreement with Britain, commerce and industry minister Piyush Goyal said Monday, even as he pitched for a more liberal visa...
India To Host 12th Regional 3R And Circular Economy Forum In Asia And Pacific In Jaipur
NEW DELHI: Union Minister Manohar Lal on Monday said India will host the 12th Regional 3R and Circular Economy Forum in Asia and the Pacific at Jaipur on March 3 to 5. He also informed that over 500 international and domestic participants are expected to attend the three-day conference...
NTPC, Reliance, Adani Commit Rs 4 Lakh Crore Investment In Madhya Pradesh
BHOPAL: Billionaire Gautam Adani’s group, Reliance Industries and state-owned power producer NTPC were among over a dozen companies that on Monday committed to invest about Rs 4 Lakh Crore across businesses in Madhya Pradesh, amid a high-voltage showcase by the state of its vast opportunities and investment potential. While...
India Inc Expected To Achieve Seven-Eight Per Cent Growth In Q4: ICRA
NEW DELHI: Domestic rating agency Investment Information and Credit Rating Agency (ICRA) on Monday said Indian companies are likely to clock seven-eight per cent revenue growth during the March quarter of the current fiscal year, led by revival in rural demand and uptick in government spending. ICRA expects the...
Delhi Discoms Achieve A+ Rating In Consumer Service 2023-24
NEW DELHI: In a major achievement for Delhi’s power sector, the city’s discoms, including BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited (BYPL), have been awarded the highest A+ rating in the fourth edition of the Consumer Service Ratings of Discoms for the year 2023-24. Released by...
Sensex Tumbles Over 850 Points On Weak Global Cues
MUMBAI: Falling for the fifth straight session on Monday, equity benchmark BSE Sensex plunged over 850 points to drop below the crucial 75,000 level, tracking a weak global market trend and unabated foreign fund outflows amid escalating trade tensions. Besides, deep losses in IT, telecom and metal stocks added...
US Reciprocal Tariffs May Hit Exports Of India-Made iPhones, Auto Parts
NEW DELHI: Apple could be one of the biggest losers in case the Trump administration decides to slap reciprocal tariffs on import of electronics and smartphones from India as the move may put a spanner in its growing manufacturing investments here. The situation is equally grave for auto component...
UK FTA Talks To Resume After Eight Months
NEW DELHI: After a gap of eight months, India and the UK will resume negotiations on a free trade agreement (FTA) on Monday under the shadow of Trump tariffs that have plunged the world into uncertainty. Prior to the opening of the 15th round of negotiations, UK secretary of...
Private Banks Pare CD Ratios Amid Tight Liquidity
MUMBAI: Private banks have pared their credit-deposit (CD) ratios as they focus on a deposit growth higher than advances amid tight liquidity conditions. The average CD ratio, also known as loan-to-deposit ratio (LDR), has decreased to 90.74% at the end of the December quarter of the current financial year...
SEBI Mulls Expanding Pool Of Investors For Angel Funds
NEW DELHI: Markets regulator Sebi is looking to expand the definition of qualified institutional buyers (QIB) and remove the 200-investor cap, allowing angel funds to access a broader pool of accredited investors. This move will enable more wealthy investors to participate, boosting funding for startups. It ensures that only...
IT Services Sector May See Cautious Salary Hikes In FY25: Experts
NEW DELHI: Salary increments in India’s $250 Billion IT services sector are projected to be moderate in fiscal year 2025, as companies navigate a complex landscape of global economic uncertainties, evolving skill demands, and the increasing adoption of artificial intelligence (AI), according to experts. Industry experts predict an average...
India’s Coal Imports Remain Flat At 201 Million Tonnes
NEW DELHI: India’s coal imports remained flat at 201.30 Million tonnes (MT) in the April-December period of the ongoing financial year. The country’s coal import was 201.52 MT in the year-ago period, according to the data compiled by mjunction services, a leading name in the e-auction space. Coal import...
Climate Change May Increase Probability Of Default In Agriculture Loan Portfolio: BCG
NEW DELHI: Rising temperature and growing threat of climate change may increase default risk in 30 per cent of agri and housing loans portfolio in the next five years, according to an analysis by BCG. According to the report, the average global temperature has already increased approximately 1.2 degree...
Adani Companies Tax Contribution Reaches Rs 58,104 Crore For FY 2023-24
AHMEDABAD: In line with its commitment to practising the highest standard of governance and commitment towards all its stakeholders, the Adani Group, a global leader in infrastructure development, has announced the release of its Tax Transparency Reports for the financial year 2023-24. For the financial year 2023-24, the Adani...
Rural Market At Inflection Point, Offers Opportunities: Marico CEO
MUMBAI: The “aspirational” rural market is at an “inflexion point”, which offers significant opportunities and long-term potential to the FMCG companies with price point packs, said Marico M D and CEO Saugata Gupta. The hinterland, with its large population base and rising disposable income offers ‘headroom for growth’ for...
Eight Of Top-10 Most Valued Firms Erodes Rs 1.65 Lakh Crore
NEW DELHI: The combined market valuation of eight of the top-10 most valued firms eroded Rs 1,65,784.9 Crore last week, with Tata Consultancy Services (TCS) taking the biggest hit, in line with bearish trends in equities. Last week, the BSE benchmark declined 628.15 points, or 0.82 per cent, while...
