Business
UN Forecasts Global Economic Growth Of 2.7% This Year, Down Slightly From 2025
UNITED NATIONS: The United Nations is forecasting that the global economy will grow by 2.7% this year, slightly lower than last year’s estimate, citing the impact of higher US tariffs, economic uncertainties and geopolitical tensions. UN economists predicted that growth would edge up to 2.9% in 2027. That’s still...
RBI Wants Banks To Collaborate To Curb Digital Frauds
MUMBAI: Banks, non-bank financiers, and other financial sector entities should work more closely to counter the growing threat of digital frauds, Reserve Bank governor Sanjay Malhotra has said, calling for more collaboration between them to protect customers and maintaining their trust in the financial system. While individual institutions must...
Consumption, Investment To Offset US Tariffs Impact On India: UN
NEW DELHI: India is projected to grow at 6.6 per cent in 2026, registering an “exceptionally high growth in a challenging global environment”, with resilient private consumption and strong public investment largely offsetting the impact of high US tariffs, the United Nations has said. The World Economic Situation and...
SIP Inflows Cross Rs 31,000 Crore First Time, Overall AUM Down 0.71% To Rs 80.23 Trillion In December 2025
MUMBAI: Monthly inflows into Systematic Investment Plans (SIPs) crossed Rs 31,000 crore for the first time. This marked a 5% rise from the previous month and a 17% increase compared to last year. However, inflows into equity mutual funds fell by 6% to Rs 28,054 crore in December. As...
Pension Funds May Be Allowed Direct Investment In Infrastructure Projects
NEW DELHI: The Pension Fund Regulatory and Development Authority (PFRDA) is considering allowing National Pension System (NPS) funds to invest directly in infrastructure projects to broaden investment avenues and improve long-term returns, chairman Sivasubramanian Ramann told FE on Friday. The move will potentially open a dedicated source of long-term...
India’s FY26 GDP Growth Could Top 7.4% After Base-Year Revision: SBI
NEW DELHI: India’s economic growth for the current financial year may turn out higher than the official estimate of 7.4% once the national accounts are rebased to 2022-23, according to a research note from the State Bank of India (SBI). The National Statistics Office’s (NSO) First Advance Estimates, released...
India’s Fiscal Deficit May Overshoot 2026‑27 Target Amid Rising Spending And Slower Revenues: BMI
CHENNAI: India’s fiscal consolidation efforts may face renewed pressure in the next financial year, with the government’s fiscal deficit likely to widen to 4.6 per cent of gross domestic product despite a lower official target of 4.3 per cent expected to be announced in the 2026–27 Union Budget, according...
Reserve Bank Of India Mulls Fresh Steps To Provide Relief To Exporters
MUMBAI: India’s central bank is considering new ways to support exporters hit by US tariffs after a moratorium on loan repayments it offered last year drew few takers, two sources aware of the matter said. Sectors from garment-making and jewellery to leather goods and chemicals companies have been hit...
India’s Economy Likely To Grow 6.6% In FY27 Despite Higher Us Tariffs: UN
NEW DELHI: India’s economy is projected to grow 6.6 per cent in 2026-27 (FY27), supported by resilient consumption and strong public investment, which should largely offset the adverse impact of higher US tariffs, the United Nations (UN) said on Thursday. “Resilient private consumption, strong public investment, recent tax reforms,...
India Likely To Face 500% US Tariff Over Purchase Of Russian Oil
NEW DELHI: India faces the risk of a tariff of at least 500 per cent on its export of goods and services to the United States (US), with President Donald Trump backing a bipartisan Bill aimed at punishing countries that buy cheap crude oil from Russia. The proposed measure...
US President Trump Warns India Of Even Higher Tariffs Over Russia Oil
NEW DELHI: United States President Donald Trump has warned that Washington could raise further tariffs on Indian exports if New Delhi does not stop buying Russian oil, adding fresh uncertainty to efforts to strike a trade deal between the two countries. “They (India) wanted to make me happy, basically....
COAI Flags Gaps In Direct-To-Mobile (D2M) Broadcasting
NEW DELHI: As the government inches closer in its push towards Direct-to-Mobile (D2M) broadcasting, the telecom industry has raised concerns over the manner in which the technical tests for the technology are being conducted, warning that there are gaps in testing and stakeholder participation which could have long-term implications...
IDBI Bank Sale May Spill Over To Next Fiscal
NEW DELHI: The strategic disinvestment of IDBI Bank is likely to spill over to the next financial year as the necessary procedural and evaluation processes are still under way, sources said. This would mean that the government’s non-debt capital receipts in the current fiscal year may fall significantly short...
Slow Awarding To Bring Down Highway Constriction To Multi-Year Lows
NEW DELHI: The slowdown in new highway contracts by the centre for the past two years is expected to slow down the construction pace to in 2025-26 to the lowest since 2017-18, according to a report. The awarding activity by the central agencies has remained subdued for the past...
Draft Social Security Rules May Exclude Majority Of Gig Workers, Unions Warn
NEW DELHI: The draft rules on the Social Security Code, 2020, published on December 30, 2025, if adopted in its current form risk rendering most gig workers ineligible for social security benefits by setting participation thresholds far higher than actual work patterns in the sector, labour unions and worker...
Centre Okays 22 More Investment Proposals Worth Rs 42,000 Crore Under ECMS
NEW DELHI: The government cleared 22 more applications with investment proposals worth ₹41,863 crore under the Electronics Component Manufacturing Scheme (ECMS) on Friday. With these approvals, the total number of companies that have received the government’s nod under the ECMS has now reached 46, with a cumulative investment of...
Manufacturing Sector Growth Falls To Two-Year Low In December
NEW DELHI: India’s manufacturing sector activity witnessed the weakest improvement in the sector in two years in December on account of softer expansions in new orders, prompting firms to limit input purchases and job creation, a monthly survey said on Friday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’...
Govt Announces Rs 7,295-Crore Export Support Package To Improve Exporters’ Access To Credit
NEW DELHI: The government on Friday announced a Rs 7,295-crore export support package, comprising a Rs 5,181-crore interest subvention scheme along with a Rs 2,114-crore collateral support, to improve exporters’ access to credit. Both measures will be rolled out over a period of six years (2025-31). Additional Secretary in...
