Business
India’s IPO Engine Enters A New Era: $20 Billion A Year Is The ‘New Normal’, Says JP Morgan
CHENNAI: India’s equity markets may be entering a new phase of maturity, with global investment banking giant J P Morgan stating that annual initial public offerings worth around 20 billion dollars have become the country’s “new normal.” It noted that the scale and consistency of recent issuances indicate a...
Ministerial Meet Gives ‘Strategic Push’ To India-EU FTA
NEW DELHI: A two-day intensive discussion between European Union’s Commissioner for Trade and Economic Security Maros Sefcovic and India’s Commerce and Industry Minister Piyush Goyal concluded here on Tuesday, providing strategic guidance to the teams negotiating a bilateral Free Trade Agreement (FTA). The agreement could be concluded “at the...
CPSEs Meet 64 Per Cent Of FY26 Capex Target In April-November
NEW DELHI: Capital expenditure by Central Public Sector Enterprises (CPSEs), Indian Railways and the National Highways Authority of India reached Rs 5.04 lakh crore in the first eight months of FY26, achieving 64% of the annual target. This marks a 14% on-year growth in spending during April–November 2025, signalling...
Centre Resumes MGNREGA Works In West Bengal But With Stringent Riders
NEW DELHI: After a gap of more than three years, the Central government has agreed to resume MGNREGA works in West Bengal with immediate effect but subject to mandatory adherence to stringent conditions that include prohibition of any work which is valued more than Rs 20 lakh, compulsory 100...
TRAI, DoT At Loggerheads Over Charges For Satcom Spectrum
NEW DELHI: Telecom regulator Trai and the department of telecom (DoT) are at loggerheads over fixation of satcom spectrum charges for the companies and other critical matters at a time when satcom players, such as Elon Musk’s Starlink and Sunil Mittal’s Bharti group-backed Eutelsat OneWeb wait for regulatory clarity...
IMF Gives Green Signal To $1.2 Billion Tranche To Pakistan; Cites ‘Macroeconomic Stability’
WASHINGTON: IMF on Monday approved a disbursement of around $1.2 billion to Pakistan, lifting the country’s total inflows under the Extended Fund Facility and the Resilience and Sustainability Facility to roughly $3.3 billion. The IMF Executive Board cleared the payment during its meeting in Washington, citing the country’s efforts...
India, EU Hold ‘Intensive Talks’ On FTA With Year-End Deadline In Sight
NEW DELHI: The European Union (EU) Trade Commissioner Maros Sefcovic-led delegation on Monday started two days of “intensive talks” with the Indian team led by Commerce and Industry Minister Piyush Goyal to give a push to the negotiations on the Free Trade Agreement (FTA). The idea is to reach...
Insurance Industry’s Premium Growth Tops 20% For The First Time In FY26
MUMBAI: Both the life and non-life insurance segment posted over 20 per cent premium growth in November for the first time in this financial year (FY26), supported by the reduction in goods and services tax (GST) on premiums from 18 per cent to zero and a favourable base effect....
New Labour Codes Only Enslave Workers, They Should Be Repealed
NEW DELHI: Around five years after passing the four labour codes subsuming 29 existing labour laws in 2019-20, the government of India notified them for implementation on November 21, 2025. The Prime Minister and various other ministers of the government have been engaged in deceptive propaganda claiming that they...
RBI Revises Fy26 GDP Outlook To 7.3%, Inflation Likely At 2%
NEW DELHI: The Reserve Bank of India (RBI) has presented an optimistic yet cautious assessment of the Indian economy, highlighting a stronger-than-expected growth momentum coupled with a faster-than-anticipated retreat of inflation, which hit a historic low in October. In its latest outlook, the central bank revised its real GDP...
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...
