Business
Work From Home Unlikely To Quit India Inc Soon
BENGALURU: Work from home in India Inc is far from over. Data from active white-collar job listings shows that flexible work arrangements—once a rarity—are now a significant part of the hiring landscape. Around 23% of 290,000 active job postings this month are offering full-time hybrid or full-time remote work...
Govt Unveils Rs 20,000 Crore Plan To Hike Sail’s Bokaro Steel Plant Capacity
BOKARO: Union Minister H D Kumaraswamy on Monday unveiled a Rs 20,000-crore expansion plan for domestic steel giant SAIL’s Bokaro Steel Plant (BSL), which will augment its capacity to 7.55 million tonnes per annum (MTPA). The Bokaro Steel Plant, established in 1965, with the first blast furnace operation in...
Indian Oil Corporation Sets Capex Target For FY26 At Rs 33,000 Crore
NEW DELHI: State-owned major oil marketing company Indian Oil Corp (IOC) has set its capex target for the next fiscal year 2025-26 at Rs 33,000 crore against the capex target of Rs 35,000 crore in FY25, the company said on Tuesday. As of December, the company has incurred a...
Coal India Signs Pact With Cutin University, Western Australia For R&D In Critical Minerals
NEW DELHI: State-owned Coal India on Tuesday said it has entered into a pact with Curtin University, Western Australia for potential research and development in the area of critical minerals. The pact also includes collaboration and knowledge sharing for de-carbonisation and resources technologies. Both the entities have signed a...
Thermal, Coking Coal Prices Outlook Bearish For Next Two Years
CHENNAI: Thermal coal prices will likely decline in 2025 and 2026 on lower global consumption, while coking coal prices are expected to drop on weak steel production, analysts say. “Global (thermal) coal consumption is projected to decline in 2025 and contract further in 2026, following a modest 1 per...
India To Set The Ball Rolling On National Critical Mineral Mission With ₹15,000-20,000 Cr Outlay
NEW DELHI: India is looking at a probable ₹15,000-20,0000 crore outlay push for the National Critical Minerals Mission (NCMM) aimed at securing strategic resources like lithium, both within the country and overseas. The Mission is likely to be tabled for Cabinet approval tomorrow, highly-placed sources told businessline. Apart from...
Nine Ailing Central Public Sector Enterprises Headed For Closure
NEW DELHI: The Centre is considering the closure of nine ailing central public sector enterprises (CPSEs) including National Textile Corporation (NTC) along with its 5 subsidiaries, State Trading Corporation of India (STC), PEC Ltd and British India Corporation Ltd (BIC). A draft Cabinet note on this matter is being...
RBI’s Rs 1.5 Trillion Liquidity Booster Raises February Rate Cut Hopes
MUMBAI: The Reserve Bank of India (RBI) on Monday announced a three-pronged measure to address tight liquidity conditions in the banking system, just 10 days before the six-member Monetary Policy Committee’s decision on the repo rate. These steps, according to bankers, are expected to inject about Rs 1.5 trillion...
Budget 2025 May Project Gross Tax Revenue Growth At 10.5-11 Per Cent
NEW DELHI: The upcoming Union Budget for FY26 is likely to target a gross tax revenue (GTR) growth of 10.5-11% over the revised estimates (RE) of FY25, according to official sources. The expected growth in GTR will result in a likely tax buoyancy of around 1, as nominal GDP...
Global Consumption Shifting To India, Emerging Asia From America And Europe: McKinsey
NEW DELHI: The global consumption pools are witnessing a significant shift from regions like North America and Western Europe to India and emerging Asia, according to a report by McKinsey Global Institute. This transformation highlights the growing importance of these regions in the global economic landscape, driven by rising...
DoT Seeks ‘Time-Bound’ Switch By Telcos To Authorisation Rule
NEW DELHI: The Department of Telecommunications (DoT) wants all telecom licence holders to migrate to an authorisation regime in a time-bound manner so that existence of two separate frameworks, leaving room for potential litigation, could be avoided. “We are finalising the structure of the authorisation regime based on the...
India, Oman Trade Ministers Discuss To Advance Free Trade Agreement Negotiations
NEW DELHI: Trade ministers of India and Oman on Monday reviewed progress of the proposed free trade agreement (FTA) between the two countries and focused on advancing the negotiations for the pact. The agreement was discussed between Commerce and Industry Minister Piyush Goyal and Oman’s Minister of Commerce, Industry...
Government Invites Applications For SEBI Chief Post
NEW DELHI: The government on Monday initiated the process to find a successor for market regulator SEBI chief Madhabi Puri Buch, who was involved in an alleged conflict of interest row. The three-year term of Buch as Securities and Exchange Board of India (SEBI) chairperson ends on February 28....
TCI Q3 Profit Rises 27 Per Cent To Rs 102 Crore
MUMBAI: Multimodal logistics firm Transport Corporation of India (TCI) on Monday reported a 27.3 per cent year-on-year increase in consolidated Profit After Tax (PAT) to Rs 102 crore for the three months ended December 2024, driven by strong demand for warehousing, temperature-controlled logistics, and green multimodal solutions in Third-party...
India-Oman To Review Progress Of Free Trade Agreement Talks
NEW DELHI: India and Oman will review the progress of talks for the proposed free trade agreement (FTA) between the two countries during the visit of Commerce and Industry Minister Piyush Goyal to Muscat this week, an official statement said on Sunday. Though the negotiations for the proposed agreement...
Govt Plans Customised Social Security Policy For Gig Workers From FY26
NEW DELHI: The government could soon unveil a social security benefit plan for gig and platform workers, officials said. Transaction-based contribution by aggregators, or a common rate of contribution aimed at creating a sustainable and meaningful finance pool for the scheme, could be recommended by a panel in its...
Foreign Controlled Companies In India Can Use Stocks To Buy Stakes In Local Companies
MUMBAI: The Reserve Bank of India (RBI) has paved the way for foreign owned or controlled companies (FOCCs) in India to buy into local companies by issuing shares and swapping stocks. In absence of policy clarity, till now such deals were cut either with specific regulatory clearance or through...
Equity Mutual Funds Inflows Soar To Near Rs 4 Lakh Crore In 2024
NEW DELHI: Equity mutual funds witnessed a remarkable surge in inflows to nearly Rs 4 lakh crore in 2024, more than double the amount recorded in the preceding year, reflecting strong investor confidence and a continued shift towards long-term investing, particularly through Systematic Investment Plans (SIPs). Despite the strong...
