Business
Budget 2025 Tax Cuts To Boost Demand And Consumption: Rating Agencies
NEW DELHI: The Union Budget 2026 will boost growth over the next few years by increasing domestic demand through tax cuts for households, S&P Global ratings said on Tuesday. S&P expects India will hit its deficit targets despite revenue loss from lifting the threshold for minimum taxable income and...
TRAI Paves Way For Rs 18,000-Crore 5G Spectrum Auction
NEW DELHI: The Telecom Regulatory Authority of India (Trai) has given its go-ahead for the auction of Rs 17,940-crore new 5G spectrum in the 37-40 GHz band in all the 22 circles. The band, which is in the millimetre wave, is crucial for capacity additions by telecom operators and...
US-China Trade War May Open New Opportunities For Indian Exporters
NEW DELHI: The restart of a tariff war between the United States (US) and China may have a positive impact on Indian exporters, as observed from the previous trade war during US President Donald Trump’s first term. “When the trade war between the US and China took place last...
FY25 Target To Fund Projects Via Green Bonds Pruned 27%
NEW DELHI: The government has cut its FY25 target for financing projects and schemes through the green bond proceeds by 27% from the budget estimate and intends to maintain this level next fiscal as well amid muted investor appetite, a senior official said. Sovereign green bonds debuted in FY23...
Lenders Chase Medium-Term Deposits For Liquidity Cover
KOLKATA: Banks are tuning their deposit mobilisation strategy to shore up the medium-term maturity bucket in a bid to comply with the proposed liquidity coverage ratio (LCR) rules. The move also helps lenders balance asset-liability management better. “As LCR looks at potential outflows in a span of one month...
Shein India To Keep Data Local, Partner With Reliance Retail For Sales
NEW DELHI: The new Shein India application, which went live last Friday, has products which are manufactured, marketed and sold only by Nextgen Fast Fashion, a fully owned subsidiary of Reliance Retail Ventures Ltd. Nextgen manufactures these products on the Shein India platform through a wide network of Indian...
Centre Frames Schemes To Empower Exporters
NEW DELHI: The government is framing schemes for MSME exporters to provide credit at easy terms, promote alternate financing instrument through strengthening factoring services for them, and offer assistance to deal with non-tariff measures imposed by other countries, an official said on Tuesday. The commerce, MSME and finance ministries...
China Imposes Tariffs On US Goods, Launches Investigation Into Google
BEIJING: China countered President Donald Trump’s tariffs on Chinese products with tariffs of its own on multiple US imports Tuesday as well as announcing an antitrust investigation into Google and other trade measures. US tariffs on products from Canada and Mexico also were to go into effect Tuesday, though...
No Corruption In Foodgrain Procurement: Pralhad Joshi Junks Opposition Charges
NEW DELHI: Minister for Consumer Affairs, Food and Public Distribution, Pralhad Joshi on Tuesday claimed there was no corruption in the procurement of foodgrains and farmers were paid 100 per cent directly into their bank accounts. Responding to supplementary questions on alleged corruption through middlemen in the procurement process,...
SEBI Grants IPO Approval To SMPP, Aditya Infotech And Six Others
NEW DELHI: As many as eight firms including defence equipment manufacturer SMPP, Aditya Infotech, Brigade Hotel and PVC blend-based building material maker Kumar Arch Tech have received market regulator Securities and Exchange Board of India’s (SEBI) go ahead to raise funds through Initial Public Offerings (IPOs). Other companies that...
Microsoft Cloud Computing Biz To Grow Slowly Amid Shortage Of Data Centres
Microsoft Corp. said its cloud-computing business will continue to grow slowly in the current quarter as the company struggles to build enough data centers to handle demand for its artificial intelligence products. The Azure cloud division will grow at as much 32 per cent in its fiscal third quarter,...
IRDAI Caps Senior Citizens’ Health Premium Increase At 10% Per Annum
MUMBAI: Following multiple reports of health insurance companies significantly increasing premiums for senior citizens upon renewal, the Insurance Regulatory and Development Authority of India (Irdai) on Thursday issued a directive that mandates insurers to not revise health insurance premiums for senior citizens by more than 10 per cent annually,...
Rs 1000-Crore Fund For Climate-Resilient Farming Likely
NEW DELHI: Finance minister Nirmala Sitharaman is likely to announce the launch of a Rs 1,000 crore fund by Nabventures, a subsidiary of Nabard, for the benefit of startups in agriculture and allied sectors, working on climate-smart agriculture. Officials said the focus of Nabventures fund – II would be...
Urban Monthly Per Capita Expenditure Highest In Telangana, Kerala Tops In Rural Segment
NEW DELHI: Among 18 major states, the difference between urban and rural average monthly per capita expenditure (MPCE) of households is the lowest in Kerala, followed by Punjab, Andhra Pradesh (AP) and Bihar, data from the Household Consumption Expenditure Survey (HCES) 2023-24 report released on Thursday showed. The difference...
ARCs To See Uptick In Cumulative Recovery Rates In FY25 And 26: Crisil
MUMBAI: The rating agency Crisil Ratings today said asset reconstruction companies (ARCs) are likely to see the cumulative recovery rate of security receipts (SRs) improve by up to 15 percentage points to 75-80 per cent in the next financial year (FY26). The improvement in recoveries will be driven by...
Mini Deal, Macro Focus: PM Modi To Talk Trade In US
NEW DELHI: A limited trade deal with the US that could cover tariff concessions for certain goods and broad agreements on investment will figure high on the agenda of Prime Minister Narendra Modi’s visit to Washington DC. The February meeting will be the first with Donald Trump in his...
Indian Food Services Market Projected To Hit $144-152 Billion By 2030: Report
BENGALURU: The Indian food services market, valued at $80 billion in 2024, is expected to grow to $144-152 billion by 2030, according to Redseer Strategy Consultants’ new report, The Big Bite: Scaling Success in India’s Food Services. The projections indicate a compound annual growth rate (CAGR) of 10-11 per...
Government Approves Critical Mineral Mission With Rs 34,300 Crore Outlay
NEW DELHI: The Union Cabinet on Wednesday approved the launch of the National Critical Mineral Mission with an expenditure of Rs 16,300 crore and an additional expected investment of Rs 18,000 crore by the public sector companies. The mission will be implemented under the ministry of mines for a...
