Business
Top Russian Lender Sberbank Looks To Ramp Up Its India Operations
NEW DELHI: Sberbank, Russia’s largest lender, is looking to ramp up its operations in the country, opening up to 10 branches, investing surplus rupees from bilateral currency trade in Indian govt bonds and getting Russian investors to park funds in Nifty stocks. “We have a full banking licence here…...
Putin Visit: Russia Seeks Stronger Civil Nuclear Partnership With India
NEW DELHI: Ahead of Russian President Vladimir Putin’s visit to India, the Russian Cabinet on Tuesday cleared the signing of a memorandum of understanding (MoU) with India to deepen bilateral cooperation in civil nuclear energy. During Putin’s visit, Defence Minister Rajnath Singh and his Russian counterpart Andrei Belousov will...
Services Sector Growth In November Driven By New Business Intakes: PMI
MUMBAI: The services sector regained momentum in November, with business activity expanding at a faster pace after a mild slowdown in October, with the activity expansion index printing in at 59.8. According to the HSBC services purchasing managers index (PMI) survey, compiled by S&P Global, the seasonally adjusted index...
Rupee Floating At 90: Inflation And Fiscal Risks Seen Manageable For Now
MUMBAI: While rupee depreciation does push up the landed cost of crude oil, fertilisers and edible oils, the scale of impact is seen as modest, particularly with inflation running low, oil prices softening, and several import exposures hedged, economists said. Fiscal implications would be largely limited to a possible...
Foreign Flows Will Depend On Valuations, Earnings
MUMBAI: Continued selling by foreign investors from Indian equity markets along with trade related uncertainties were among the factors that led the value of Indian rupee cross 90 against the US dollar on Wednesday. According to experts while this may impact the near-term market sentiment, the focus of FPIs...
AI Investment, M&A Poised To Increase Corporate Financing Needs Next Year
NEW DELHI: Big tech companies’ investments in artificial intelligence and busier M&A activity will raise the volume of debt issuance by investment-grade companies next year, bank executives said on Wednesday during a panel at the Reuters NEXT conference in New York. The funding needs of the top five U.S....
To Bridge Trade Gap, India And Russia May Cut Duties, Ease Barriers
NEW DELHI: Bridging the vast trade imbalance between the two countries will sit at the heart of Russian President Vladimir Putin’s two-day state visit to New Delhi from Thursday, with both sides set to explore lowering duties and easing non-tariff barriers. Agreements are also expected across sectors ranging from...
Government Taking Steps To ‘Mitigate Impact’ Of Steep US Tariffs On Exports
NEW DELHI: The government on Tuesday said it is taking steps, such as announcing an export promotion mission, to mitigate the impact of the steep US tariffs on domestic goods. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said it...
India Becomes The World’s Largest Contributor To Urban Growth, Says UN Report
NEW DELHI: India stands at the epicentre of what the United Nations calls an ineluctable and historically unprecedented demographic movement as cities emerge as the primary target for habitat for majority of the population. According to World Urbanization Prospects 2025: Summary of Results, published by the United Nations Department...
Generali Central Insurance To Double Premium Income To Rs 10,000 Crore By 2030
MUMBAI: Generali Central Insurance, the general insurance joint venture of the Italian insurer of the same name and Central Bank of India, is on course for a sustained growth, aiming to nearly double the gross written premium income to Rs 10,000-crore by 2030 from around Rs 5,500 crore now,...
OECD Retains India FY26 Growth Outlook At 6.7% Amid US Tariff Risks
NEW DELHI: The Organisation for Economic Co-operation and Development (OECD) in its latest economic outlook on Tuesday retained its growth forecast for the current financial year at 6.7 per cent, citing monetary policy easing and the overhaul of the goods and services tax regime. It further kept FY27 growth...
Asset Monetisation Target May Rise To Rs 11 Lakh Crore
NEW DELHI: The government is likely to raise the public sector asset monetisation target to around Rs 11 lakh crore for FY26–FY30, compared with the earlier estimate of Rs 10 lakh crore, signalling a stronger push for recycling brownfield infrastructure assets over the next five years. According to sources,...
SEBI Board Meet May Centre Around Brokerages Rules
MUMBAI: The Securities and Exchange Board of India (Sebi) board meeting on December 17 – the 212th – will discuss several reforms, majority of them linked to equity brokerages. It will review mutual funds’ rules, create more ease for foreign portfolio investors (FPIs), improve the stock lending and borrowing...
RBI Likely To Slash Interest By 25 Basis Points In Forthcoming MPC Meet
MUMBAI: The RBI may trim the benchmark lending rate by 25 bps in its forthcoming monetary policy meeting, as inflationary pressures are subdued, though some experts believe the central bank is likely to keep the rate unchanged in the backdrop of better-than-expected GDP growth of 8.2 per cent in...
Corporate Loan Growth To Hit Double Digit In FY26: SBI Chief
NEW DELHI: With the pick-up in economic activity, State Bank of India (SBI) is seeing a clear revival in corporate credit demand and expects the segment to hit double-digit growth over the remaining two quarters of the current financial year, the bank’s Chairman C S Setty said. As far...
Private Equity, Venture Capital Investments Hit $5.3 Billion In October, Says EY-IVCA
NEW DELHI: Private equity and venture capital (PE/VC) investments in India touched $5.3 billion across 102 deals in October 2025, marking a 9 per cent rise year-on-year, according to the EY-IVCA monthly roundup. “The number of deals decreased to 102 in October 2025, a 9 per cent year-on-year (112...
Economic Growth May Exceed 7 Per Cent, GDP To Cross $4 Trillion Mark In FY26: CEA
NEW DELHI: Buoyed by more-than-expected 8.2 per cent GDP growth rate in the second quarter, Chief Economic Adviser V Anantha Nageswaran on Friday expressed optimism that India’s economic growth will exceed 7 per cent this fiscal and the size of the GDP will cross the $4 trillion mark. The...
Manufacturing Muscle Lifts Q2 GDP Growth To 6-Quarter High Of 8.2%
NEW DELHI: India’s economy expanded at its fastest pace in six quarters, growing 8.2 per cent during the July-September period of FY26, outstripping both official and private forecasts by a significant margin. Data released by the statistics ministry on Friday showed that while a low base and a soft...
