Business
SEBI Eases ‘Fit & Proper’ Person Criteria, AIF Norms
MUMBAI: The Securities and Exchange Board of India (Sebi) on Monday approved easing ‘fit and proper’ person criteria for market intermediaries. The regulator said that a criminal complaint, first information report (FIR), or a chargesheet alone should not be the ground for automatic disqualification of such intermediaries, which is...
Fewer Than 20% Colleges Achieve Strong Placements Despite NEP Push: Report
NEW DELHI: Fewer than 20 per cent of higher education institutions in India manage to place more than 75 per cent of their students within six months of graduation, despite employability emerging as a key focus under the National Education Policy (NEP) 2020, according to a report released on...
Odisha Tops India’s Mining Economy, Eastern Region Drives Growth: Report
BHUBANESWAR: Odisha has emerged as the largest contributor to India’s mining economy, accounting for around 14 per cent of the country’s mining gross value added (GVA) in FY2025, according to a report released during the India Mines and Minerals Conclave 2026 in Bhubaneswar. The report, jointly prepared by Assocham...
Govt Classifies Energy Data As National Security Matter
NEW DELHI: The Government has classified energy data as a matter of national security, mandating all entities across the oil and gas value chain to furnish detailed operational information. The Oil Ministry’s Petroleum and Natural Gas (Furnishing of Information) Order, 2026 requires refiners, LNG importers, pipeline operators, city gas...
NITI Aayog Flags $8.1-Billion Export Opportunity In Sports Equipment
NEW DELHI: To position India as a global manufacturing hub for sports equipment, NITI Aayog has recommended fiscal support of Rs 7,500 crore over five years (2027-31). The proposed funding will focus on developing cluster infrastructure, bridging competitiveness gaps, and supporting certifications, market access, and branding initiatives. Such support...
India’s Private Credit Market Has A Stable Foundation
Whenever financial markets abroad run into trouble, people turn to India and ask if we are next. It is a familiar reaction, and the recent concerns around stress in the US private credit market have sparked the same questions again. I understand the instinct, but as former US President...
EU Likely To Complete FTA Ratification By November
NEW DELHI: The European Union (EU) is expected to complete the ratification of its Free Trade Agreement (FTA) with India by November-end while the broader Comprehensive Economic and Trade Agreement (CETA) will be operational by end-April, a senior official said Thursday. The legal scrubbing of the FTA between India...
Cabinet Clears ₹33.7k Crore Bhavya Scheme For 100 Industrial Parks
NEW DELHI: In a fresh effort to bolster India’s manufacturing prospects, the Union Cabinet on Wednesday approved a ₹33,660 crore plan to develop 100 world-class plug-and-play industrial parks across the country, with the Centre funding up to ₹1 crore per acre as well as up to 25 per cent...
India Blends Sustainability With Growth In Twin-Track Model: MoSPI
NEW DELHI: India is advancing a development strategy that combines economic transformation with environmental sustainability, according to two bulletins released by the Ministry of Statistics and Programme Implementation (Mospi) on the Prosperity and Planet pillars of the Sustainable Development Goals (SDGs). These reports are part of a larger series...
States To Get 10 Per Cent More LPG For PNG Push
NEW DELHI: The Centre has offered states up to 10% additional commercial LPG allocation if they accelerate the shift to piped natural gas (PNG), as supply pressures persist amid disruptions in the Strait of Hormuz and the ongoing West Asia conflict. The move comes with the government flagging LPG...
Axis Bank To Infuse ₹1,500 Crore Into NBFC Arm After RBI’s Approval
MUMBAI: Axis Bank, the country’s third largest private sector lender, said on Wednesday that it will pour as much as ₹1,500 crore as capital into its wholly owned subsidiary Axis Finance. The bank’s board approved the infusion into the non-banking financial company (NBFC) in one or more tranches by...
House Panel Seeks Upward Revision Of Wage Floor
NEW DELHI: A Parliamentary Standing Committee has urged the Ministry of Labour and Employment to raise the National Floor Level Minimum Wage (NFLMW) without any further delay. The floor levels have remained unchanged for several years and no longer reflects current living costs, inflationary pressures, or the essential needs...
Finalise Legal Strategy For Indirect Control Model For PSUs: Parliamentary Panel To DIPAM
NEW DELHI: The Parliamentary Standing Committee on Finance has asked the Department of Investment and Public Asset Management (DIPAM) to finalise a clear legal strategy—such as a ‘golden share’ or indirect control model—to safeguard strategic autonomy in public sector undertakings (PSUs) even if government shareholding drops below 51 per...
Easier PN3 Rules To Clear $10-20 Billion Investments In India
NEW DELHI: India’s recent decision to amend its Press Note 3 framework is expected to pave the way for $10-20 billion global capital investment in India. The move, industry watchers say, addresses a years-long friction point in cross-border capital flows. The Union Cabinet last week approved changes to the...
India’s Chemicals Industry To Reach $255 Billion By 2030: McKinsey
NEW DELHI: India’s chemicals industry is set to outpace economic growth and expand to $ 230-255 billion by 2030, driven by emerging high-growth segments, according to a report by McKinsey & Company. The sector, currently valued at $ 155-165 billion, is projected to grow at a compound annual rate...
SEBI Proposes To Reinstate The Use Of PoA For Incapacitated Investor Accounts
MUMBAI: In a consultation paper issued on Tuesday, the Securities and Exchange Board of India (Sebi) proposed to allow the power of attorney (PoA) holder to operate the investor’s account/folio in situations where the investor is physically incapacitated, but has the capacity to contract. This comes in the backdrop...
Two-Thirds Of Unemployed Youth Are Graduates: State Of Working India Report
NEW DELHI: Over two-thirds of unemployed Indians aged 20–29 were graduates in 2023, with the share of degree holders among the unemployed rising sharply from 46 per cent in 2017 to 67 per cent in 2023, according to the State of Working India 2026 report released by Azim Premji...
India Dials Iran For Safe Transit Of Its Vessels Through Strait Of Hormuz
NEW DELHI: Amid concerns over India’s energy security due to the conflict in West Asia, Indian government sources said on Thursday that New Delhi was in talks with Tehran to provide safe passage for Indian-flagged merchant vessels — especially the 28 of them currently stranded in the region —...
