Business
Banks Should Concentrate On Core Biz, Stop Mis-Selling: FM
NEW DELHI: Finance Minister Nirmala Sitharaman on Monday came down heavily on banks for mis-selling of financial products, including insurance and urged them to focus on core business. “Banks should concentrate on their core business… My pet peeve has always been …. you’re spending more time on selling insurance...
Centre Launches National Monetisation Pipeline 2.0 With Rs 10 Lakh Crore Target For FY26-30
NEW DELHI: The Centre on Monday launched the second phase of the National Monetisation Pipeline (NMP 2.0), setting a Rs 10 lakh crore asset monetisation target for the five-year period from FY2025–26 to FY2029–30, as announced in the Union Budget 2025–26. For FY2025–26, the government expects monetisation of around...
SEBI Proposes Complete Overhaul Of PMS Regulations
MUMBAI: The Securities and Exchange Board is comprehensively reviewing the portfolio managers (PMS) regulations by strengthening investor protection and governance on one hand and simplifying business processes for portfolio managers on the other so that the regulations remain relevant for evolving market dynamics. Chairman Tuhin Kanta Pandey said Monday...
Economic Growth Likely To Have Eased To 7.2 Per Cent In Q3: Report
MUMBAI: Economic growth has likely eased to 7.2% in Q3 from 8.2% in Q2 of FY26 due to a likely lower expansion in services at 7.8%, down from 9.2% in Q2, agriculture at 3% as against 3.5% in Q2 and a few other sectors, according to an analysis by...
Telecom Tariffs To See 13-15 Per Cent Rise In FY27: HSBC
MUMBAI: Average revenue per user (Arpu) for Indian telcos could see a 13-15% lift in FY27, buoyed by headline tariffs later in the year, analysts said in a recent report by HSBC. However, they added, while Vodafone Idea’s recent AGR relief improves its financial runway without materially altering competitive...
India Rebalances Crude Slate As Saudi Gains, Russian Flows Ease
NEW DELHI: India’s crude import strategy is entering a phase of calibrated rebalancing rather than abrupt realignment, with Middle Eastern suppliers led by Saudi Arabia regaining market share even as Russian volumes remain significant but increasingly shaped by geopolitics and compliance constraints, according to shipping data and analysts. During...
India, US Postpone Trade Deal Talks After Donald Trump Tariff Verdict
NEW DELHI: A team headed by India’s chief trade negotiator for the US, Darpan Jain, has postponed the visit to Washington DC amid the uncertainty surrounding the tariff situation following the Supreme Court judgment. The team was scheduled to travel on Sunday for three-day talks to finalise the legal...
CPSE Dividends On Track To Meet FY26 Target
NEW DELHI: The Centre’s dividend receipts from central public sector enterprises (CPSEs) have reached Rs 57,800 crore so far this financial year. This is marginally lower than collections during the same period last year but remains broadly on track to meet the full-year budget target. In the revised estimates...
Venture Capital Flows Play The Waiting Game, Sit On $10 Billion
BENGALURU: Even as venture capital flows into startups pick up, more than $10 billion in committed capital is still sitting on the sidelines. The paradox underscores a shift in investor behaviour rather than a funding slowdown. Investors, industry executives say, are becoming far more selective about where they deploy...
MAT Revamp Prompts Capital-Intensive Firms To Modify Tax Planning
NEW DELHI: The proposed changes to the Minimum Alternate Tax (MAT) regime, announced in the Union Budget for FY27, will significantly impact companies in capital-intensive sectors such as infrastructure, Special Economic Zone (SEZ) units and tax-holiday startups, analysts said. Electronics manufacturing units, power and renewables and automobile firms will...
Near-Term Outlook Favourable To Sustain High Growth, Says RBI Report
MUMBAI: India’s near-term economic momentum remains favourable to sustain high growth, amid a benign inflation outlook, according to the Reserve Bank of India’s (RBI’s) monthly State of the Economy report, released on Friday. The recent trade deals with the European Union (EU) and the United States (US) are likely...
State Bank Of India In Talks With Japanese Banks For Acquisition Financing After RBI Nod
MUMBAI: The nation’s largest lender State Bank of India with a business of over Rs 103 trillion as of December, is talking to Japanese banks for collaboration in acquisition financing which the regulator RBI has just allowed, chairman CS Setty has said. The bank has a war chest of...
Government Announces Seven Measures To Help Boost Exports
NEW DELHI: The Government on Friday announced seven measures, including credit assistance for e-commerce exporters and support for alternative trade instruments, with an aim to promote the country’s outbound shipments. These measures are part of the INR25,060-crore export promotion mission. Out of 10 components of the mission, three have...
NITI Aayog Seeks Major Overhaul Of India’s Apprenticeship Ecosystem
NEW DELHI: The NITI Aayog on Friday proposed a comprehensive overhaul of the country’s apprenticeship ecosystem, urging deeper industry participation, streamlined governance and stronger support for apprentices. “Weak industry-academia linkages, inadequate institutional coordination, and fragmented regulatory frameworks continue to constrain the scalability and effectiveness of apprenticeship initiatives,” said a...
Core Sector Growth Eases To 4 Per Cent In January
NEW DELHI: Infrastructure-sector industries grew by 4% year-on-year in January, down from an upwardly revised 4.7% growth in December. Seven of the eight core sectors recorded a deceleration in the growth rate in January compared with the previous month. According to the official data released on Friday, five of...
Easing Norms May See Forex Borrowings Scaling Past $100 Billion Next Fiscal
MUMBAI: With the Reserve Bank drastically liberalizing the external commercial borrowing (ECB) norms, investment bankers are expecting corporates to rush to this fundraising route, which could nearly double to $100 billion next fiscal, from the record $61.2 billion raised last fiscal. Key changes that the central bank announced earlier...
India May Attract $200 Billion In Data Centre Investment By 2030: Deloitte
NEW DELHI: India is set to attract $200 billion investment in the creation of new data centre capacity by 2030, part of the larger $800 billion investment line-up in the Asia Pacific region, according to accounting and consultancy firm Deloitte Touche Tohmatsu. “This is a huge economic opportunity for...
Panel Proposes Seasonally Adjusted Quarterly GDP Data
NEW DELHI: A committee under the Ministry of Statistics and Programme Implementation (MoSPI) has recommended introducing a seasonally adjusted quarterly gross domestic product (GDP) series to provide a more accurate assessment of the economy’s progress. The proposal, part of a broader review of national accounts methodology, aims to give...
