MUMBAI: Reliance Industries (RIL) on Friday reported a 22.4% year-on-year decline in June quarter consolidated net profit attributable to owners at Rs 20,946 crore, as the corresponding quarter last year included a one-time gain from the sale of its stake in Asian Paints. Excluding the impact of the high...
NEW DELHI: The government is set to become a venture-style investor in semiconductor startups under India Semiconductor Mission (ISM) 2.0, matching investments made by private venture capital (VC) firms in a bid to bridge one of the biggest funding gaps in the country’s chip design ecosystem. The framework, which...
NEW DELHI: India can scale its bioeconomy to $691 billion by 2035 and $2.6 trillion by 2047 with decisive, mission-mode execution, according to a report by the NITI Aayog. Bioeconomy is an economic model that uses renewable biological materials to produce food, energy, and industrial goods. Indiantourism guides In...
NEW DELHI: India will remain the fastest-growing major economy in 2026 and 2027 even as it “will lose a step, too” amid softer growth elsewhere, Moody’s Analytics said in its latest global outlook commentary. The global economy is expected to grow at 2.5 per cent in 2026 and 2.8...
MUMBAI: Private sector insurers have urged the Insurance Regulatory and Development Authority of India (IRDAI) to relax proposed investment norms for unlisted companies by linking exposure limits to shareholders’ funds instead of the surplus available after meeting solvency, said people with knowledge of the matter. Industry says such a...
NEW DELHI: India’s monthly active gig internet workforce across delivery, ride-hailing and home services is projected to grow to 17-21 million by 2030, from more than 6 million monthly active workers currently, as platform-based work expands beyond metros and creates new earning opportunities, according to a report by Redseer...
NEW DELHI: The retail inflation rate accelerated to 4.38 per cent in June from 3.93 per cent in May, breaching the Reserve Bank of India’s (RBI’s) 4 per cent benchmark target for the first time since January 2025 under the new series, as higher fuel prices lifted transport, food...
NEW DELHI: A sharp rise in imports pushed India’s trade deficit to a five-month high in June, even as growth in merchandise exports remained healthy, according to commerce ministry data released on Monday. The trade deficit widened to $30.43 billion in June from $28.21 billion in May and $19.10...
Rising tanker freight, war-risk insurance premiums and spot fuel purchases are emerging as the first cost pressure points for India as vessel movement through the Strait of Hormuz turns defensive amid renewed West Asia tensions. Tanker spot freight rates for the region can jump 50-80% within weeks due to...
MUMBAI: Retail stress continues to build up on banks’ books, with lenders putting up about Rs 15,000 crore of fresh non-performing assets (NPAs) for sale to asset reconstruction companies (ARCs) in the quarter ended June. The bulk of the fresh NPAs came from the retail segment, while about one-fifth...
NEW DELHI: Foreign investors may soon be able to take unresolved disputes with India to international arbitration — but only after first pursuing domestic legal remedies for two years. The change is part of an overhaul of India’s Bilateral Investment Treaty (BIT) framework that is now taking final shape,...
NEW DELHI: India and Canada concluded the third round of negotiations on the Comprehensive Economic Partnership Agreement (CEPA) late last week (July 6-10), with notable progress being made across issues. Both the countries are hopeful of concluding the negotiations by the end of 2026. Once the agreement is reached,...
NEW DELHI: The Railway Ministry is considering building the proposed East-West dedicated freight corridor (DFC) through the public-private partnership (PPP) model. Given an earlier unsuccessful PPP experiment for the Sonnagar-Dankuni section on the Eastern DFC, the ministry is planning a different structure for the East-West section dividing the project...
MUMBAI: Foreign investors who rediscovered their appetite for Indian debt in June have now widened their interest to equities as well in July. After months of persistent selling, foreign portfolio investors (FPIs) have turned net buyers in July, investing $2.59 billion (Rs 24,662 crore) in the first 10 days...
NEW DELHI: Government is considering extending its cybersecurity push beyond CCTV cameras by introducing a similar regulatory framework for a wider range of internet of things (IoT) devices, including smart meters, amid concerns that these devices remain vulnerable as they are imported, mainly from China. While no final decision...
NEW DELHI: After talks between Prime Minister (PM) Narendra Modi and his Australian counterpart Anthony Albanese in Melbourne, India and Australia on Thursday announced 18 outcomes, including deepening their defence and maritime security cooperation, which underscored the vital role of the bilateral partnership in ensuring a peaceful Indo-Pacific region....
NEW DELHI: Asian Development Bank on Thursday lowered India’s GDP growth projection to 6.6 per cent as against 6.9 per cent estimated earlier for the current fiscal on concerns of higher energy prices fuelled by the Middle East crisis. Despite the growth moderation, India still continues to be the...
BHUBANESWAR: Growing land-use changes, industrial expansion and rapid urbanisation are creating an alarming network of thermal hotspots across Odisha, posing an emerging threat to public health and the state’s long-term economic growth, according to a study by researchers at the Indian Institute of Technology (IIT) Bhubaneswar. The study warns...