Business
RBI Sends Clear Signals To Boost Economic Growth, Say Experts
MUMBAI: The Reserve Bank has sent a clear and reassuring signal that policy instruments are being actively deployed to safeguard India’s economic growth amid persisting global headwinds, said experts on Friday. Home, auto and other loans are likely to cost less as the RBI cut key benchmark interest rate...
Narendra Modi, Vladimir Putin Chart Path To $100 Billion Trade In Five Years
NEW DELHI: Russian President Vladimir Putin wrapped up his 27-hour India visit on Friday after much bonhomie with Prime Minister Narendra Modi through several ceremonies and summit-level talks, as the world watched. The day after sharing hugs at the Palam airport tarmac, travelling in the same car and dining...
India Firms, Uralchem Sign Deal For 1.8-2 Million Tonnes Urea Plant In Russia
NEW DELHI: In one of the biggest joint ventures between Indian companies and their foreign partners in the fertiliser sector outside India, Rashtriya Chemicals and Fertilizers Limited, National Fertilizers Limited, and Indian Potash Limited today signed a memorandum of understanding with Russia’s Uralchem Group to set up a 1.8-2...
Government Has Examined Stakeholders’ Views On Draft Broadcast Bill: I&B Ministry
NEW DELHI: The Information & Broadcasting Ministry has completed stakeholder consultation on the draft Broadcasting Services (Regulation) Bill 2023, the Minister of State for Information & Broadcasting L Murugan informed Parliament on Friday. The draft Broadcasting Service (Regulation) Bill-2023, which had sparked a debate, seeks to regulate both traditional...
India For Removing Trade Barriers, Boosting Exports For More Balanced Trade With Russia
NEW DELHI: India on Thursday called for reducing trade barriers and expanding exports to Russia to narrow the widening bilateral trade deficit, which has surged to nearly $59 billion in 2024–25. Addressing Indian and Russian businesses at the India–Russia Business Forum hosted by FICCI, Commerce and Industry Minister Piyush...
RBI Governor Caught On Horns Of Trilemma As Decision On Rate Cut Looms
MUMBAI: The monetary policy announcement scheduled for Friday will be the most difficult decision for RBI governor Sanjay Malhotra in his first year in the corner room on the 18th floor of the Mint Road headquarters. The MPC led by him is caught in a trilemma of blowout growth,...
Fitch Lifts India’s FY26 Growth Outlook To 7.4% As Consumption Surge Powers Momentum
CHENNAI/NEW DELHI: Fitch Ratings has lifted its forecast for India’s economic growth in FY26 to 7.4 percent from its earlier projection of 6.9 percent, citing stronger-than-expected consumer spending and the positive impact of ongoing GST reforms. The upgrade reflects Fitch’s view that domestic demand remains the backbone of India’s...
House Panel Sore Over Anomalies In Price Stabilisation Fund
NEW DELHI: The parliamentary standing committee on consumer affairs, food and public distribution on Thursday criticised the department of consumer affairs on the disbursement of funds under the price stabilisation fund (PSF) to state and agencies including Nafed, MMTC and NCCF. “The disbursement of funds under the PSF to...
Top Russian Lender Sberbank Looks To Ramp Up Its India Operations
NEW DELHI: Sberbank, Russia’s largest lender, is looking to ramp up its operations in the country, opening up to 10 branches, investing surplus rupees from bilateral currency trade in Indian govt bonds and getting Russian investors to park funds in Nifty stocks. “We have a full banking licence here…...
Putin Visit: Russia Seeks Stronger Civil Nuclear Partnership With India
NEW DELHI: Ahead of Russian President Vladimir Putin’s visit to India, the Russian Cabinet on Tuesday cleared the signing of a memorandum of understanding (MoU) with India to deepen bilateral cooperation in civil nuclear energy. During Putin’s visit, Defence Minister Rajnath Singh and his Russian counterpart Andrei Belousov will...
Services Sector Growth In November Driven By New Business Intakes: PMI
MUMBAI: The services sector regained momentum in November, with business activity expanding at a faster pace after a mild slowdown in October, with the activity expansion index printing in at 59.8. According to the HSBC services purchasing managers index (PMI) survey, compiled by S&P Global, the seasonally adjusted index...
Rupee Floating At 90: Inflation And Fiscal Risks Seen Manageable For Now
MUMBAI: While rupee depreciation does push up the landed cost of crude oil, fertilisers and edible oils, the scale of impact is seen as modest, particularly with inflation running low, oil prices softening, and several import exposures hedged, economists said. Fiscal implications would be largely limited to a possible...
Foreign Flows Will Depend On Valuations, Earnings
MUMBAI: Continued selling by foreign investors from Indian equity markets along with trade related uncertainties were among the factors that led the value of Indian rupee cross 90 against the US dollar on Wednesday. According to experts while this may impact the near-term market sentiment, the focus of FPIs...
AI Investment, M&A Poised To Increase Corporate Financing Needs Next Year
NEW DELHI: Big tech companies’ investments in artificial intelligence and busier M&A activity will raise the volume of debt issuance by investment-grade companies next year, bank executives said on Wednesday during a panel at the Reuters NEXT conference in New York. The funding needs of the top five U.S....
To Bridge Trade Gap, India And Russia May Cut Duties, Ease Barriers
NEW DELHI: Bridging the vast trade imbalance between the two countries will sit at the heart of Russian President Vladimir Putin’s two-day state visit to New Delhi from Thursday, with both sides set to explore lowering duties and easing non-tariff barriers. Agreements are also expected across sectors ranging from...
Government Taking Steps To ‘Mitigate Impact’ Of Steep US Tariffs On Exports
NEW DELHI: The government on Tuesday said it is taking steps, such as announcing an export promotion mission, to mitigate the impact of the steep US tariffs on domestic goods. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said it...
India Becomes The World’s Largest Contributor To Urban Growth, Says UN Report
NEW DELHI: India stands at the epicentre of what the United Nations calls an ineluctable and historically unprecedented demographic movement as cities emerge as the primary target for habitat for majority of the population. According to World Urbanization Prospects 2025: Summary of Results, published by the United Nations Department...
Generali Central Insurance To Double Premium Income To Rs 10,000 Crore By 2030
MUMBAI: Generali Central Insurance, the general insurance joint venture of the Italian insurer of the same name and Central Bank of India, is on course for a sustained growth, aiming to nearly double the gross written premium income to Rs 10,000-crore by 2030 from around Rs 5,500 crore now,...
