Business
Govt’s Electronics Parts Manufacturing Drive Sees 1.1 Lakh Crore Proposals
NEW DELHI: Govt’s efforts to deepen the Indian component ecosystem for electronics has received a massive boost, with domestic and international companies putting in applications for investing over Rs 1.1 lakh crore in new projects, almost twice to the original target. This has the potential to result in creating...
Households See Easing In Price Pressures In Major Food And Non-Food Products: RBI Survey
NEW DELHI: The households in the country reported easing of price and inflationary pressures in the latest round of the Reserve Bank of India’s (RBI) bi-monthly Inflation Expectations Survey of Households (IESH). The September 2025 round of the survey indicated moderation in expected price rise across key product categories,...
IIP Growth Slows To 4% In August As Manufacturing Output Weakens
NEW DELHI: Despite a favourable base effect, growth in the industrial production moderated to 4 per cent in August from an upwardly revised figure of 4.3 per cent in July, on the back of a slowdown in the manufacturing sector growth, according to the data released by National Statistics...
Moody’s Retains ‘Stable’ Outlook For India
NEW DELHI: Global rating Moody’s on Monday affirmed India’s long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at ‘Baa3’ with a ‘stable’ outlook on the back of robust economic growth and sound external position. The rating agency also affirmed India’s other short-term local-currency rating at...
Centre Mulls System For Earning Warning Of Potential Insolvency
NEW DELHI: The ministry of corporate affairs (MCA) is developing an early warning system (EWS) to identify companies at the risk of insolvency, a move that will facilitate preemptive action to avert industrial sickness. The system, which will help detect defaults prior to their occurrence, will be designed in...
Tata Capital Eyes ₹1.38 Trillion Market Capitalisation In Largest NBFC IPO
MUMBAI: Tata Capital is set to launch India’s largest ever initial public offering (IPO) by a non-banking financial company (NBFC), valuing the Tata group firm at ₹1.38 trillion. This will make the company India’s fifth-most-valued NBFC after Bajaj Finance (₹6.12 trillion), Bajaj Finserv (₹3.2 trillion), Jio Financial Services (₹1.87...
Upstream Oil Firms Increase Tech Focus, Seek Contract Reforms
NEW DELHI: Decades of incremental policy reforms by India to attract investments by Big Oil haven’t yielded the intended outcome. National hydrocarbon production has stagnated over recent decades, and import dependence for oil has remained the most obvious macroeconomic vulnerability for the country. Thankfully, this has of late led...
India And US Discuss Contours Of Trade Deal; Seek Early Conclusion
NEW DELHI: India and the United States (US) discussed and exchanged views on the “possible contours” of a trade deal during Union Commerce and Industry Minister Piyush Goyal’s visit to New York earlier this week, according to an official statement issued on Friday. Both sides will continue their engagements...
Reforms To Boost Growth, But Tariff Suspense A Risk, Says FinMin
NEW DELHI: The Centre’s reform agenda, such as the recent goods and services tax (GST) rate rationalisation, is expected to cushion the economy against the adverse effects of tariffs and trade disruptions, but persistent tariff uncertainties could impact export sectors and pose spillover risks to domestic employment, income and...
Centre Pegs H2 Market Borrowings At Rs 6.77 Lakh Crore
NEW DELHI: The Centre on Friday announced gross market borrowings of Rs 6.77 lakh crore, including Rs 10,000 crore through issuance of Sovereign Green Bonds, for the second half of the current fiscal year, even as it reduced the share of long-tenure bonds, deferring market sentiments. Economic affairs secretary...
S&P Forecasts Rupee Sliding To 91 By FY29
The rupee is under pressure for the past couple of sessions. In fact the currency hit all-time lows of 89/$ recently. Though the rupee rebounded from its all-time low to close 4 paise higher at 88.72 (provisional) on Friday against the US dollar, but the pain may not end...
JSW Steel’s Rs 20,000-Crore Acquisition Of BPSL Gets Nod
NEW DELHI: The Supreme Court on Friday overturned its earlier decision ordering liquidation of Bhushan Power and Steel (BPSL), restoring approval to JSW Steel’s Rs 19,700-crore resolution plan. The bench headed by Chief Justice BR Gavai, along with Justices SC Sharma and K Vinod Chandran, stressed that the commercial...
India’s Logistics Costs Estimated At 7.97 Per Cent Of GDP
NEW DELHI: India’s logistics costs have been estimated at 7.97% of the economic output by the Department for Promotion of Industry and Internal Trade (DPIIT), which compares favourably to the more advanced economies like US, Japan, Korea and Europe. The 7.97% logistics costs for 2023-24 is the first official...
Government May Tweak E-Commerce FDI Norms To Boost MSMEs To Export
NEW DELHI: To facilitate greater participation of MSMEs in global e-commerce exports, the Directorate General of Foreign Trade (DGFT) has proposed introducing an inventory-based e-commerce export model. Under this framework, third-party export entities would hold inventory and manage backend processes on behalf of MSMEs. To operationalise the model, DGFT...
Defence Ministry Signs Rs 62,370-Crore Deal With HAL For 97 Tejas Mk-1A Jets
NEW DELHI: The Ministry of Defence on Thursday finalised a Rs 62,370 crore contract with Hindustan Aeronautics Limited (HAL) for the supply of 97 Tejas Mk-1A light combat aircraft (LCA) to the Indian Air Force (IAF), marking one of the largest indigenous defence procurement projects in recent years. The...
RBI Issues New Authentication Norms For Digital Payments
MUMBAI: To ensure robust security and user protection as the digital payments ecosystem grows manifold month after month, the Reserve Bank has issued a comprehensive framework for strengthening the authentication mechanisms in digital payments effective next April. Currently, most digital payments rely on SMS-based one-time passwords (OTPs) as the...
DoT Signals Stricter Rules For Satellite Spectrum Sharing Amid Interference Concerns
NEW DELHI: The Department of Telecommunications (DoT) has said that spectrum sharing for satellite communications (satcom) will require a stricter regulatory framework, given the possibility of interference as multiple players enter the market. While no incumbent operator exists today, officials told Fe that the rules cannot be framed only...
Stage Is Set For ‘Virtuous Cycle’ Of Investment: September RBI Bulletin
MUMBAI: Projecting an upbeat outlook for the Indian economy in the second half (H2) of 2025-26 (FY26), the Reserve Bank of India’s monthly bulletin on Wednesday reckoned that the stage is set for a sustained pick-up in consumption demand and ‘potentially for a virtuous cycle of higher investments and...
