Business
India Leading The Next Phase Of Global Outsourcing Expansion: Survey
NEW DELHI: India’s outsourcing landscape is undergoing a significant transformation, with 81% of organisations planning to increase outsourcing efforts over the next three to five years, according to Deloitte’s latest report, ‘The Outsourcing Compass: Decoding Strategies of Today’. This shift is driven by the growing demand for technological advancements,...
TRAI Recommends Bringing Teleport Operators, IXPs Under Authorisation Regime
NEW DELHI: The telecom regulator has recommended that new telecom entities such as satellite earth station gateway, or teleport, providers and internet exchanges be regulated under the authorisation regime that it has already proposed for replacing the licensing regime. In its recommendations published on Monday, the Telecom Regulatory Authority...
Higher Bank Deposit Insurance Cover On The Cards
MUMBAI: The government is “actively considering” raising the insurance cover for bank deposits further from the ceiling of Rs 5 lakh fixed less than five years ago, department of financial services (DFS) secretary M Nagaraju said on Monday. The move comes in the backdrop of the fraud at New...
Govt Moves To Streamline Insurance Sector Compliance Ahead Of 100% FDI
NEW DELHI: The government is looking to streamline compliance and enhance ease of doing business in the insurance sector. A government official said efforts are underway to identify redundant regulations, especially as India prepares to allow 100% foreign direct investment (FDI) in the sector. “Some of these issues will...
Profit Booking Leading FIIs To Sell Indian Equities: FM
MUMBAI: Seeking to assuage concerns over Foreign Institutional Investors (FII) selling Indian equities lately, Finance Minister Nirmala Sitharaman on Monday attributed the action to profit booking. Speaking to reporters in the financial capital, Sitharaman said the Indian economy is one where the investors are bagging better returns which leads...
Airtel Completes Landing Of SEA-ME-WE-6 Submarine Cable
NEW DELHI: Bharti Airtel on Monday said it has completed the landing of the new Southeast Asia-Middle East-West Europe-6 or SMW6 (SEA-ME-WE 6) submarine cable system in Chennai. The company recently landed the SEA-ME-WE 6 cable in Mumbai on December 30, 2024. “The cable landing, both in Mumbai and...
Experts Intrigued By Inclusion Of Electoral Bonds In Income Tax Bill
NEW DELHI: Experts are intrigued by the new Income Tax Bill, 2025 retaining provisions related to electoral bonds, which were rendered unconstitutional by the Supreme Court last year, saying it could be because of legislative oversight or the government’s intention to bring it back in some other form. Electoral...
IPO-Bound NSDL Profit Jumps 30 Per Cent
NEW DELHI: National Securities Depository Limited (NSDL) on Monday reported a 30 per cent rise in its consolidated net profit to Rs 85.8 Crore for three months ended December 2024. The depository registered Rs 66.09 Crore profit in the year-ago period. The total income rose 16.2 per cent to...
Udaan Secures $75 Million In Funding Round
NEW DELHI: Online business-to-business platform Udaan has closed a Series G equity funding round of $75 Million, led by M and G Plc, according to people in the know. Company Co-Founder and CEO Vaibhav Gupta announced the round’s closure to employees on Monday, and mentioned that the company is...
No More PLIs In India’s Manufacturing Push
NEW DELHI: New production-linked incentive (PLI) schemes are set to be given a quiet burial, with many of the existing ones yet to produce satisfactory results. “The spirit of PLI has been lost. PLI is no longer the favoured child,” an official said on condition of anonymity. Instead, the...
Government Saves Rs 75,000 Crore In Interest Cost In 5 Years Through FY24
NEW DELHI: The Centre has managed to save around Rs 75,000 crore in interest cost due to its focus on transparency and prudent fiscal management between FY20 and FY24 which moderated yields of the government securities (G-secs). The weighted average yield of fresh borrowing of the Centre declined from...
Railways’ Freight Receipts Lag GDP, Revival Hopes Rest On DFC, High-End Trains
NEW DELHI: Indian Railways’ freight receipts lagged the rate of expansion of the nominal gross domestic product (GDP) in recent years, reflecting the lack of recovery in the operational parameters of the transporter. Freight receipts grew 4% in FY24 and 7% in FY25, and are projected to grow at...
Impact Of US Tariff Reciprocity On Indian Exports Likely To Be Limited: SBI
MUMBAI: The impact of U.S. tariff reciprocity on Indian exports is expected to be minimal, despite concerns over trade restrictions, according to a report by State Bank of India. The report highlighted that even if the U.S. imposes higher tariffs in the range of 15 to 20 per cent,...
Japanese Firms Eye India In ‘China Plus One’ Strategy
NEW DELHI: Post the Covid-19 pandemic, Japanese companies are eyeing India as a base as they adopt the ‘China Plus One’ strategy to diversify their manufacturing and supply chains to reduce dependence on China, experts from Deloitte said. The strategy involves establishing production facilities in alternative countries, with India...
Reliance, BP Lose Decade-Old Gas Migration Dispute
NEW DELHI: In a setback for Mukesh Ambani-led Reliance Industries Limited and its partner BP Plc, the Delhi High Court has overturned an international arbitration tribunal’s ruling that held the duo not responsible for paying any compensation for the gas they produced and sold, which had allegedly migrated from...
India Registers Over 29,500 Drones
NEW DELHI: More than 29,500 drones are registered in India, with the national capital having the maximum number at 4,882, according to official data. After the national capital, the highest numbers of registered drones are in Tamil Nadu and Maharashtra at 4,588 and 4,132, respectively. The data from the...
Global Trends, FIIs Trading Activity To Drive Market Trends
NEW DELHI: Stock markets are expected to be driven by global trends and Foreign Portfolio Investment (FPI) trading activity this week after the conclusion of the earnings season, analysts said. Unabated foreign fund outflows, lower-than-expected quarterly earnings and global trade war fears hit market sentiments last week, where the...
Power Producers Urge Centre To Extend Renewable Transmission Charge Waiver
NEW DELHI: Power producers have asked the government to keep the waiver on inter-state transmission charges for renewable energy until 2030 to help clean energy take root more deeply in India’s economy. A consultative meeting chaired by Minister for New and Renewable Energy Pralhad Joshi was held on February...
