Business
RBI Panel Likely To Recommend India Retains 4% Inflation Target
MUMBAI: An internal committee of the Reserve Bank of India is in favor of retaining the current inflation target in an upcoming government review, according to people familiar with the matter, giving investors some reassurance about the continuity of monetary policy. The panel will likely recommend the RBI ask...
Financial System Resilient Amid Global Uncertainty: FSR
MUMBAI: At a time when global uncertainties are looming large, India’s financial system remains resilient and well capitalised, the Reserve Bank of India’s (RBI) latest Financial Stability Report (FSR) on Monday. The report highlighted that the country’s scheduled commercial banks (SCBs) have significantly improved their asset quality, with gross...
Mega Schemes For R&D And Jobs Get Cabinet Nod
NEW DELHI: Two major schemes aimed at giving a boost to the economy’s growth potential and its employment intensity were approved by the Cabinet on Tuesday. It gave the nod to a Rs 1 lakh crore scheme to support research & development and innovation (RDI) in sunrise domains and...
Manufacturing PMI Rises To 14-Month High On Buoyant Export Orders
NEW DELHI: Manufacturing activity rose to a 14-month high in June 2025 on the back of strong export orders, according to a private sector survey. The HSBC India Manufacturing Purchasing Managers’ Index rose to 58.4 in June, up from 57.6 in May. The performance in June was the highest...
Rate-Cut Benefits Yet To Trickle Down To NBFCs
MUMBAI: The Reserve Bank of India’s (RBI) 100-basis-point repo rate cut in 2025 has definitely benefited a lot of borrowers, especially ones linked to the external benchmark lending rate (EBLR). However, non-banking finance companies (NBFCs) are yet to get access to cheaper funds. The key reason: Most loans to...
India’s Growth Engine Loses Steam In June, May Get Back On Track Soon
NEW DELHI: The Indian economy hit a soft patch in June with several high-frequency indicators such as goods and services tax (GST), UPI transactions, diesel consumption and car sales showing muted growth or even a contraction from a year earlier. On the positive side, India’s manufacturing activity strengthened and...
Geopolitical, Trade Risks May Weigh On India’s Growth Despite Resilience: RBI
MUMBAI: Though elevated economic and trade policy uncertainties are testing the resilience of the global economy and the world’s financial system, the domestic economy, especially the financial system, is in good shape and is a major driver of global growth, the Reserve Bank has said in its financial stability...
Industrial Output Growth At 9-Month Low Of 1.2 Per Cent In May
NEW DELHI: India’s industrial production growth slowed to a nine-month low of 1.2 per cent in May 2025 due to poor performance of manufacturing, mining and power sectors caused by the early onset of Monsoon, according to official data released on Monday. The factory output, measured in terms of...
India To Lead Global Oil Demand: S&P Global
NEW DELHI: Even as long-term global oil demand is projected to decline due to alternative energy adoption and efficiency gains, India is expected to lead the global oil demand growth, as per S&P Global Commodity Insights. The growth in demand will, however, increase the country’s import dependency, reinforcing the...
India, US Talks On Interim Trade Deal Enters Final Phase
NEW DELHI: With India toughening its stand on opening up its agriculture sector in a way sought by the US, the talks between the two countries on an interim trade agreement has entered a sensitive stage. To get an agreement the Indian team of negotiators who are currently in...
Household Debt Marginally Down To 41.9 Per Cent In December: FSR
MUMBAI: Household debt came down from 42.9% of the gross domestic product (GDP) in June 2024 to 41.9% (current market prices) in December 2024, the Financial Stability Report showed on Monday. However, it is still up compared with December 2023, when it stood at 40%. In June 2021, the...
Clauses On Critical Minerals To Be Part Of FTA Ambits
NEW DELHI: In the worldwide scramble for critical minerals, the government will look at more collaborations through expansion of free trade agreements and special partnership agreements to meet its requirements of these resources, the bedrock of modern manufacturing. “The government shall aim to enter into Critical Minerals Partnership Agreements...
India-US Trade Talks Heat Up As India Pushes Back On GM Crop Demands
NEW DELHI: The trade negotiators from India have stayed longer in Washington to sort out some differences, as both countries try to reach a trade agreement before July 9. That’s the date when US President Donald Trump’s higher US tariffs are expected to take effect. The face-to-face talks were...
Amazon Looks To Be Third-Time Lucky In Healthcare With Diagnostics Foray
BENGALURU: Amazon’s latest move to enter the diagnostics segment could mark a turning point in its healthcare ambitions, following two underwhelming attempts in the e-pharmacy and teleconsultation segments. Industry executives are of the view that since the diagnostics sector has potential for growth, it may finally provide the e-commerce...
Portfolio Management Services Assets Double In 5 Years, Hit Rs 32 Lakh Crore
MUMBAI: The recent surge in the Indian stock market has prompted a sharp rise in investor interest in discretionary portfolio management services (PMS) as they seek higher returns. Over the past two years, the number of investors in discretionary PMS has soared by 58%, rising from 1.22 lakh in...
Russia’s Rosneft In Early Talks With Reliance To Sell Stake In Indian Unit
NEW DELHI: Russian oil giant PJSC Rosneft Oil Company is in early talks with Reliance Industries for sale of its 49.13 per cent stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India, sources said. Reliance has held preliminary talks for acquisition...
India Posts $13.5 Billion Current Account Surplus In Q4; External Debt Rises To $736.3 Billion: RBI
MUMBAI: The country’s balance of payments turned positive with the current account balance recording a huge surplus of $13.5 billion (1.3% of GDP) in Q4 FY25 compared to $4.6 billion (0.5% of GDP) in Q4 FY24 and as against a deficit of $11.3 billion (1.1% of GDP) in Q3FY25,...
Indian Exports May Face Higher Tariffs In US Despite Trade Deal: GTRI
NEW DELHI: The stand the US is taking in its negotiations with key partners suggest that even if an interim trade agreement with India gets finalised, Indian exports will still be subject to duties that are higher than those that prevailed prior to introduction of reciprocal tariffs on April...
