Business
Government Working On To Get Critical Mineral Assets, Says Mines Secretary
NEW DELHI: The government on Thursday said that the country is scouting for mining and exploration of critical mineral assets in Congo, Zambia, Tanzania and Australia. Speaking at a press conference here, Mines Secretary V L Kantha Rao said, “The Australian government is working with KABIL….There are also other...
AI In Healthcare To Contribute $30 Billion To India’s GDP By 2025: Deloitte
NEW DELHI: Artificial Intelligence (AI) in healthcare is projected to contribute $25-30 Villion to India’s GDP by 2025, enhancing accessibility, diagnostics, and treatment outcomes, according to a report by Deloitte. Government-backed initiatives like the IndiaAI Mission and the Digital Personal Data Protection Act, 2023, are setting the stage for...
Punjab Cabinet Approves New Excise Policy For 2025-26
CHANDIGARH: The Punjab Cabinet on Thursday approved a new excise policy for 2025-26, which aims to collect `11,020 Crore of revenue. The nod was given in a meeting of the council of ministers chaired by Chief Minister Bhagwant Mann. Addressing the media after the Cabinet meeting here, Finance and...
India Set To Be Third Largest Consumer Market By 2026: Report
NEW DELHI: India’s private consumption has almost doubled to $2.1 Trillion in 2024 from $1 Trillion in 2013, growing at 7.2 per cent CAGR, faster than the US, China and Germany, according to a report. On course to become the world’s third-largest consumer market by 2026, India is well-positioned...
SEBI Issues Regulatory Framework For SIFs
NEW DELHI: Markets watchdog Sebi on Thursday came out with a regulatory framework for Specialized Investment Funds (SIFs) requiring a minimum investment of `10 Lakh across all strategies. The new framework will be applicable from April 1, the Securities and Exchange Board of India (SEBI) said in its circular....
Summit Season Sees Nearly Rs 100 Lakh Crore Investment Pledges By India Inc
NEW DELHI: On Tuesday, Madhya Pradesh concluded a two-day global investors’ summit and proudly announced investment pledges worth Rs 26.61 lakh crore by global and domestic companies. That is precisely double the size of the state’s gross domestic product (GDP). Late January, Odisha, one of the mineral-rich states in...
India Needs 1.2-1.5 Tax Buoyancy To Achieve 6.5-7% Growth: EY Report
NEW DELHI: In the coming years, India’s fiscal strategy must focus on enhancing tax buoyancy, prudent expenditure management, and structural reforms to ensure sustainable growth, said EY in a report. According to DK Srivastava, chief policy advisor, EY India, for India to achieve a medium-term growth trajectory of 6.5-7.0%...
FY25 CPSE Dividends To Beat Target By Rs 10,000-Crore
NEW DELHI: The Centre’s dividend receipts from the companies it owns have exceeded the revised estimate of Rs 55,000 crore for FY25 by Rs 5,000 crore and may well reach Rs 65,000 crore by the end of the financial year, according to official sources. Dividend receipts from central public...
Banks Cautious On MFI Lending Despite Risk Weight Cuts
MUMBAI: Banks are expected to tread cautiously in lending to the microfinance sector despite the Reserve Bank of India reducing risk weights for such loans. They will wait for delinquencies to decline in the microfinance industry before increasing their exposure. Banks will also monitor the effects of a new...
Australia To Invest $16 Million To Boost Trade Ties With India
NEW DELHI: Australia on Wednesday unveiled an ambitious roadmap to expand and diversify its trade and investment ties with India with a focus among other issues on defence industries, sports, culture, space and technology. The roadmap identified four “superhighways of growth” – clean energy, education and skills, agribusiness, and...
Early IIP Release May Undermine Data Quality Further: Experts
NEW DELHI: In order to cut the time lag in publishing the index of industrial production (IIP) data, the ministry of statistics and programme implementation (MoSPI) has now advanced the release date of the monthly-IIP print. Experts say the quickness in data release was much-needed, but warn that this...
India Has Lower Exposure To US Tariffs Than Peers In APAC Region: Moody’s
NEW DELHI: Moody’s Ratings on Tuesday said India has a lower overall exposure to the US relative to others in the APAC region, although certain sectors such as food, textiles and pharmaceutical products face risks. Moody’s said most companies in its rated portfolio are domestic-focused with limited exposure to...
Reserve Bank Of India Frees Up Bank Capital With NBFC Risk Weight Rollback
MUMBAI: With bank loan growth slowing over the past year, the Reserve Bank of India (RBI) has decided to reverse its decision to increase the risk weight of bank loans to non-banking financial companies (NBFCs), which will result in a substantial release of capital for banks. In addition, it...
SEBI Proposes Steps To Raise Risk Monitoring In Equity Derivatives
NEW DELHI: India’s markets regulator has proposed lowering position limits for equity stock derivatives and tightening rules for index derivatives, in a bid to further reduce the build-up of risk in these markets. The new proposals follow changes announced in October, where the Securities and Exchange Board of India...
India, EU To Firm Up Cooperation In Ai, Evs, Semiconductors & Telecom
NEW DELHI: India and the European Union at their high-level meeting here this week are expected to agree to collaborate in areas such as artificial intelligence, electric vehicles, semiconductors and telecoms, with a focus on “secure and trusted” connectivity to provide an alternative to Chinese-led connectivity networks. The two...
Rupee Plummets 47 Paise To End At 87.19 Against US Dollar
MUMBAI: The rupee fell sharply by 47 paise to settle at 87.19 against the US Dollar on Tuesday due to month-end Dollar demand by importers amid uncertainty over US trade tariffs. Elevated greenback against major crosses and sustained FII outflows also contributed to the decline in the domestic unit,...
Reliance To Invest Rs 50,000 Crore In Assam Over 5 Years: Ambani
GUWAHATI: Reliance Industries will invest Rs 50,000 crore across five different verticals, including nuclear energy and hospitality sector, in Assam over the next five years, its chairman Mukesh Ambani said on Tuesday. Speaking at the ‘Advantage Assam’ business summit, Ambani said the money will be invested to make Assam...
India Imported 49 Billion Euro Worth Of Russian Oil In 2024
NEW DELHI: India, the world’s third largest oil consuming and importing nation, bought crude oil worth 49 Billion Euros from Russia in the third year of Moscow’s invasion of Ukraine, a global think tank said. India, which has traditionally sourced its oil from the Middle East, began importing a...
