Business
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...
Cabinet Approves Rs 69,725 Crore Shipbuilding Revival Package
NEW DELHI: The Union Cabinet on Wednesday approved a Rs 69,725 crore package to revitalise India’s shipbuilding and reduce dependence on foreign ships as part of the government’s plan to regain the country’s maritime power. According to an official statement, the package introduces a four-pillar approach designed to strengthen...
India’s Software Exports Race Ahead, But Listed IT Firms Fall Behind
NEW DELHI: The Reserve Bank of India’s (RBI’s) balance of payments (BoP) data and annual disclosures by the country’s listed information technology (IT) services companies reveal a widening divergence in software exports. While the RBI figures show robust double-digit growth in India’s software services exports, listed IT groups have...
Lenders Seek Safety, Young Borrowers Hold Back: Report
MUMBAI: Lenders are playing it safe, borrowers are being cautious, and fewer youngsters are seeking credit going by trends in Q1FY26, a report by credit bureau TransUnion Cibil showed. The report, which analyses credit trends for the June quarter, said portfolios are tilting towards secured lending, with collateral-backed loans...
India Moves To Ratify WTO Fish Pact, Seeks Cushion For Developing Nations
NEW DELHI: India is in the process of ratifying the World Trade Organization (WTO) Agreement on Fisheries Subsidies, it has told the multilateral trade watchdog. It has also called for stricter rules for countries that have historically been giving high fish subsidies while ensuring policy space for those who...
Global Economy To Weaken In 2026: WEF Chief Economists’ Outlook
NEW DELHI: Global economy is entering a period of weak growth and systemic disruption, the World Economic Forum said in its latest Chief Economists’ Outlook on Tuesday. Noting that India has emerged as the fastest-growing major economy and is projected to grow by 6.5 per cent in 2025 by...
Rupee Hits New Low On US Visa Shock; Exporters Don’t Expect Much Relief
MUMBAI: Panic gripped the foreign exchange markets on Tuesday as the rupee dropped by 0.52% to close at 88.7925 against the greenback, an all-time low. This came amid sustained selling by foreign funds fearing that the double-whammy blows of steep US tariffs and an increase in H-1B visa fees...
India Top Country Of Interest For MNCs Looking To Realign Global Supply Chains, US At Bottom
MUMBAI: A global survey of 1,200 senior executives from multinationals spread across 17 countries has named India as the most favoured investment destination or market of interest, both for setting up manufacturing units as well as sourcing, highlighting the significant shift in global corporate strategies as they realign their...
Flash PMI Eases To 58.5 In September On Weak Export Orders
NEW DELHI: The HSBC India Flash Manufacturing Purchasing Managers’ Index (PMI) eased to 58.5 in September from 59.3 in the preceding month, as new export orders rose at the weakest pace in six months under the impact of 50 per cent tariff on India by the US administration. Domestic...
OECD Lifts India’s FY26 Growth Outlook To 6.7%; S&P Retains At 6.5%
NEW DELHI: The Organisation for Economic Co-operation and Development (OECD) on Tuesday raised India’s growth forecast for the current financial year (FY26) by 40 basis points (bps) to 6.7 per cent, citing monetary and fiscal easing along with goods and services tax (GST) cuts. However, it warned that higher...
72 Per Cent Rural Households Expect Income Growth In One Year
NEW DELHI: Over 72.8% of rural households expect their income to increase in the next year, according to a bi-monthly survey conducted by the National Bank for Agriculture and Rural Development (NABARD) in September 2025. This represents a slight decline from 74.7% of rural households who had expressed optimism...
Centre Increases ‘Untied’ Capital Expenditure Loans To States
NEW DELHI: The Centre has tweaked guidelines to increase the untied capex loans to state governments, a move that will accelerate public investments. Of the Rs 1.5 lakh crore interest-free 50-year capital expenditure loans earmarked for FY26, the Centre had allocated Rs 57,000 crore for untied projects identified by...
