NEW DELHI: The central government has slashed its total expenditure by around ₹60,000 crore in FY26, below its revised estimate (RE) for the financial year, to meet the fiscal deficit target of 4.4 per cent of gross domestic product (GDP), according to the latest Controller General of Accounts (CGA)...
BENGALURU: India’s spending on public cloud services is expected to rise 28.1% to USD 17.5 billion in 2026 from USD 13.7 billion in 2025, driven by growing demand for artificial intelligence (AI)-ready infrastructure, application modernisation and digital transformation, according to Gartner. The research and advisory firm said organisations across...
NEW DELHI: In an effort to continue its pragmatic engagement with Myanmar and with an eye on the growing Chinese influence in that country, Prime Minister Narendra Modi held talks with visiting Myanmar President U Min Aung Hlaing here on Monday. The two sides agreed to increase bilateral trade...
MUMBAI: The Securities and Exchange Board of India (SEBI) on Monday proposed allowing road-focused Infrastructure Investment Trusts (InvITs) to add back debt-funded major maintenance expenses while calculating cash available for distribution to investors for ease of doing business. Under the proposal, payments made towards major maintenance of road projects,...
NEW DELHI: The chief negotiators of the US and India will begin four-day talks here on Monday on finalising the details of the interim trade pact, whose framework was agreed upon in February. The US team will be led by its chief negotiator Brendan Lynch. India’s chief negotiator is...
MUMBAI: The Reserve Bank is expected to leave the key policy rate unchanged at 5.25 per cent this week and adopt a cautious stance that factors in the possible headwinds to inflation and growth trajectory amid the West Asia turmoil, experts opined. With surging energy prices, continuing supply chain...
BHUBANESWAR: In a significant development for the controversial Sijimali bauxite mining project, the Centre has approved Stage-II (final) forest clearance for diversion of 4.911 hectares of forest land for construction of a approach road connecting to the mineral block in Odisha. The 3.4 km road to the mineral block...
MUMBAI: SBI Research in its report has called for stronger Reserve Bank of India intervention to stem the rupee’s sharp depreciation, arguing that the currency’s weakness is out of sync with the country’s macroeconomic fundamentals. In its pre-policy report released on Sunday, it said that the RBI is likely...
MUMBAI: It’s been a good earnings season for India Inc with operating profits rising nearly 11% year-on-year, backed by robust revenue growth — the best performance in almost 12 quarters. Controlled expenses helped cushion the bottom line at a time of elevated commodity prices, while a weaker rupee came...
MUMBAI: India’s economy could face headwinds due to higher energy prices and supply chain disruptions, while the likelihood of El Nino conditions could hit agriculture output, the RBI said in its annual report released on Friday. However, healthy corporate and bank balance sheets, the government’s continued thrust on capital...
NEW DELHI: The finance ministry on Friday asked public sector banks (PSBs) to adopt prudent expenditure and austerity measures at all levels while maintaining resilience amid evolving global uncertainties. Financial Services Secretary M Nagaraju, while chairing a meeting to review the financial performance of PSBs, advised them to provide...
NEW DELHI: India’s organic waste sector, driven by enabling policy, could provide a nearly $51 billion market opportunity by 2047 and create 26 lakh direct jobs, according to a study by the Council on Energy, Environment and Water (CEEW). If India reaches 100 per cent collection and processing of...
NEW DELHI: Even though the rupee has approached a critical depreciation threshold, India is unlikely to reopen a special Foreign Currency Non-Resident (Bank) deposit window similar to the one introduced during the 2013 “taper tantrum”, as the country’s forex reserves remain strong and US dollar interest rates are...
NEW DELHI: India’s energy transition is increasingly becoming a household-budget story. For a middle-class family, energy expenses extend far beyond the monthly electricity bill. A two-wheeler owner may spend Rs 3,000-5,000 every month on petrol. A household using one LPG cylinder spends Rs 850-950. During summer, electricity bills often...
NEW DELHI: India is seeking to diversify its sourcing network for new-age manufacturing for which it has set ambitious targets. But China’s grip over India’s clean-energy and advanced manufacturing supply chain is only getting stronger. The northern neighbour controls more than 84% of India’s lithium-ion battery imports, 78% of...
NEW DELHI: India, along with more than 30 countries, is working to build an alternative supply chain for critical minerals used in electric vehicles, smartphones and defence equipment, as governments seek to reduce heavy dependence on China after Beijing tightened exports of key minerals, sources said. “India, along with...
NEW DELHI: Chief economists across the world expect the global economic growth to weaken over the next one year, but India stands out as a geography with the strongest growth expectations, a new WEF survey showed on Thursday. In its latest Chief Economists’ Outlook, the World Economic Forum (WEF)...
MUMBAI: The Reserve Bank of India (RBI) has revived the idea of printing polymer banknotes for circulation to meet the surge in demand for currency notes in the last few years. According to multiple sources aware of the development, the issue of introducing polymer or plastic notes was discussed in...