NEW DELHI: Domestic automakers Maruti Suzuki, Mahindra & Mahindra and Tata Motors Passenger Vehicles are looking to tap opportunities in the electric car segment in the UK, as India’s free trade pact with the country will allow duty-free exports for specified price segments under a quota system. As per...
MUMBAI: Billionaire Mukesh Ambani on Friday unveiled a sweeping roadmap for Reliance Industries Ltd’s next phase of growth spanning artificial intelligence, satellite broadband, clean energy and consumer businesses, as its digital unit Jio Platforms filed draft papers for what could become India’s largest-ever initial public offering. Jio Platforms, the...
MUMBAI: Fears of inflation going out of control due to the West Asia conflict (which officially ended on Friday) and the impact on food prices because of the forecast of deficit monsoons have kept RBI’s monetary policy committee (MPC) members on a “wait and watch mode” at the June...
MUMBAI: The Securities and Exchange Board of India (Sebi) on Friday approved the re-introduction of open-market buybacks through stock exchanges, alignment of securitised debt instrument norms with the Reserve Bank of India’s (RBI) securitisation framework, easing of intraday borrowing rules for mutual funds, and faster approvals for alternative investment...
NEW DELHI: The India-UK free trade agreement will deepen ties far beyond trade and technology, creating new opportunities for businesses and people in both countries, Foreign Secretary Vikram Misri said on Thursday after Prime Minister Narendra Modi and UK Prime Minister Keir Starmer announced July 15 as the date...
NEW DELHI: India is set to approve incentives for setting up lithium and nickel processing units as it seeks to build domestic refining capacity and reduce dependence on overseas processors. The proposed scheme, which is close to securing approvals, will offer production-linked incentives and waive import duties on capital...
NEW DELHI: Advance tax collection in the first instalment of FY27 grew 15 per cent to ₹1.79 lakh crore, data from the Income Tax Department, released on Thursday showed. It is much higher than the 4 per cent growth of the first instalment in FY26, but lower than the...
MUMBAI: The rupee’s trajectory indicates a reversal amid a decline in crude oil prices with the United States (US) and Iran having reached an initial agreement to end the war, before finalising a peace deal in 60 days. The Reserve Bank of India (RBI) seems to be seizing this...
NEW DELHI: India’s aluminium tariff regime is pushing the country towards becoming a supplier of raw metal rather than a global manufacturing hub, with a majority of aluminium exports leaving the country in primary form even as imports of finished products continue to rise, according to a report released...
NEW DELHI: India has managed to secure a virtual exemption from the UK’s controversial steel safeguard tariff measures, paving the way for the implementation of the Comprehensive Economic and Trade agreement (CETA) between the two countries starting July 15. The measures, set to come into force from July 1,...
BHUBANESWAR: Artificial intelligence (AI) is rapidly rewriting the rules of hiring, workforce development and career progression, with AI already performing nearly one-third of all entry-level tasks and fundamentally reshaping what employers expect from new recruits, according to a new global study by Cognizant and Pearson. The report, The AI...
NEW DELHI: The India-European Union (EU) trade deal will be formally signed by the end of the year, and the two sides will accelerate work on an investment agreement, European Commission President Ursula von der Leyen said on Wednesday after her meeting with Prime Minister (PM) Narendra Modi on...
MUMBAI: India’s remittance inflows have remained resilient despite the West Asia conflict, with precautionary transfers keeping flows elevated even as economic activity in parts of the Gulf region faced disruptions. While bankers expect some moderation in growth as geopolitical tensions ease, remittances are likely to remain broadly stable this...
NEW DELHI: The Comprehensive Economic and Trade Agreement (CETA) between India and the United Kingdom will come into force from July 15 with both sides reaching an understanding on the last-leg issues around Britain’s steel safeguard measures. The date for Entry into Force (EIF) of the agreement was announced...
NEW DELHI: Indian information technology services companies paid premium valuations for acquisitions focused on artificial intelligence and engineering capabilities in FY26, as firms increased spending on specialised talent, intellectual property and platforms. Indian IT firms invested about $5.5 billion across 19 acquisitions during the year, according to an analysis...
MUMBAI: The Insurance Regulatory and Development Authority of India (Irdai) on Wednesday proposed a framework for making regulations and issuing subsidiary instructions under the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025. The draft regulation seeks to standardise the process for framing, amending and reviewing regulations, while...
NEW DELHI: Eighteen of India’s 28 states overshot the fiscal deficit ceiling of 3 per cent of gross state domestic product (GSDP) in FY25, the third annual review of state finances released by the Comptroller and Auditor General (CAG) on Tuesday showed, noting that the deterioration is comparable only...
NEW DELHI: India needs tax reforms, stronger secondary-market liquidity and a broader investor and issuer base to deepen its corporate bond market, which remains small relative to the country’s financing needs and heavily dependent on a narrow set of participants, according to a report by CareEdge Ratings. The report...