Business
Renewable Energy Capacity Addition On The Fast Track; Grid Bottlenecks
NEW DELHI: India made further headway in the renewable energy (RE) sector in the past year, with total RE capacity reaching 262.7 gigawatt (GW) as of November in the current fiscal year 2025-26. That is more than half of the total installed electricity generation capacity. During the April-November period,...
Budget 2026: Government May Extend MUDRA Scheme By Five Years
NEW DELHI: The government is likely to extend the flagship Pradhan Mantri MUDRA Yojana (PMMY) by another five years up to 2030-31, reinforcing its focus on promoting entrepreneurship and self-employment through collateral-free credit to micro and small businesses in the non-corporate, non-farm sector, sources said. The scheme, launched in...
Land Bottlenecks Drive CPSUs To Team Up With States For 33 Solar Parks
NEW DELHI: Of the 55 solar parks approved under the ‘Development of Solar Parks and Ultra-Mega Solar Power Projects’ scheme, 33 have been developed or are currently under development through partnerships between Central Public Sector Undertakings (CPSUs) and state governments in order to ease land identification and acquisition process....
At $4.4 Billion, Shriram Finance To Get India’s Largest Financial-Sector FDI
MUMBAI: Leading non-banking financial company (NBFC) Shriram Finance on Friday said Japan-based MUFG Bank would invest ₹39,618 crore, or $4.4 billion, to acquire a 20 per cent stake on a fully diluted basis through a preferential issue of equity shares. This will be the largest foreign direct investment (FDI)...
Neutral Policy Gives Flexibility To RBI To Act Amid Evolving Conditions: Governor
MUMBAI: RBI Governor Sanjay Malhotra has said that a neutral monetary policy stance would give flexibility to the central bank to act according to the evolving macroeconomic conditions while voting for a 25 basis points cut in repo rate, along with five other MPC members. The Reserve Bank of...
India’s Trade Deficit With China May Reach $106 Billion In 2025: GTRI
NEW DELHI: India’s trade deficit with China is expected to reach $106 billion in 2025 as imports are rising faster than the country’s exports to the neighbouring country, think tank GTRI said on Friday. It said that the country’s exports to China fell from $23 billion in 2021 to...
Donald Trump Signs Defence Law Backing Deeper India-US Ties, QUAD
NEW YORK/WASHINGTON: US President Donald Trump has signed into law an annual defence policy bill that highlights broadening America’s engagement with India, including through the Quad to advance the shared objective of a free and open Indo-Pacific region and address the challenge posed by China. The National Defence Authorisation...
Funds For Rural Roads Scheme Grossly Underutilised
NEW DELHI: The Centre has spent only about Rs 2,000 crore so far in the current financial year under the flagship Pradhan Mantri Gram Sadak Yojana (PMGSY), accounting for just 10.5% of the Rs 19,000 crore allocated for the scheme in the Union Budget. Even if another Rs 2,000...
India Accelerates Free Trade Agreements To Counter US Tariffs And Expand Exports
NEW DELHI: India has accelerated a push to finalize several free trade agreements over the next few months to offset the impact of steep US import tariffs and widen export destinations during growing global trade uncertainties. New Delhi is in advanced talks with the European Union, New Zealand and...
India–Oman CEPA Sealed In Muscat, Opening A New Chapter In Trade And Investment Ties
CHENNAI: India and Oman have taken a significant step on Thursday towards deepening their economic relationship with the signing of a Comprehensive Economic Partnership Agreement, a move that is expected to substantially expand trade, investment and broader commercial engagement between the two countries. The agreement was signed in Muscat...
Pension Sector Set For Full Foreign Ownership As FDI Cap Rises To 100%
NEW DELHI: India’s pension sector is poised for a structural shift, with the foreign direct investment (FDI) limit set to be raised to 100%, in line with the insurance sector. The move follows Parliament’s approval on Wednesday to increase the FDI cap in insurance from 74% to 100%, a...
Parliament Panel Flags Delays In Operationalisation Of Mines
NEW DELHI: A Parliamentary Panel has flagged delays between mine auctions and operationalisation and has urged the government to explore setting up an inter-ministerial committee to monitor the post-auction progress for mineral and critical mineral projects. The panel also stressed that critical mineral projects should be given priority in...
SEBI To Revamp M&A Rules To Protect Retail Investors, Expedite Deals
MUMBAI: The Securities and Exchange Board (SEBI) plans to amend its merger and acquisition rules, including barring acquiring companies from offering higher prices or additional compensation to major shareholders, said two sources with direct knowledge of the matter. The reforms aim to level the playing field for smaller and...
Parliament Passes Bill To Allow 100 Per Cent FDI In Insurance Sector
NEW DELHI: Parliament on Wednesday passed a bill to raise FDI in the insurance sector to 100 per cent from the current 74 per cent, which is expected to increase insurance penetration, lower premiums, and boost job creation. The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025,...
ARCs Looking To Net 120% Jump In Recoveries From Road Assets Next Fiscal: Crisil
MUMBAI: Asset reconstruction companies (ARCs) are set to see a strong step-up in cumulative recovery rates for stressed operational road projects with recovery rates doubling to 120% by next fiscal over fiscal 2025 levels on the back of healthy annuities and toll collections. This will ride on timely annuity...
Trade Pact With Oman To Benefit Key Labour-Intensive Sectors: Commerce Minister
NEW DELHI: A free trade agreement, to be signed between India and Oman on Thursday, will open up opportunities in trade and joint investments to address the markets in the region concerned and beyond, Commerce and Industry Minister Piyush Goyal said on Wednesday. He listed sectors like textiles, footwear,...
Indian Railways Electrifies 99.2% Of Network, Outpaces Japan, Russia, And China
NEW DELHI: Indian Railways has reached a major milestone by electrifying 99.2% of its broad gauge network, putting India ahead of countries like Japan (39%), Russia (52%) and China (82%), according to the Ministry of Railways. This brings the country closer than ever to having a fully electrified railway...
FPI Debt Inflows Hinge On Trade Deal Clarity, Rupee Stability
MUMBAI: Foreign investors began withdrawing from government securities in December, ending five straight months of inflows. The expectation of no more rate cuts, elevated global yields, and a declining rupee are the factors which contributed to the outflows, said market participants. A clarity on the trade deal and a...
