Business
Government Hardens Stance, No Relief For ACC-PLI Defaulters
NEW DELHI: The ministry of heavy industries (MHI) has issued fresh notices to all three beneficiaries of the Advanced Chemistry Cell (ACC) production-linked incentive (PLI) scheme who failed to meet mandated timelines for setting up their manufacturing plants. The government has directed Ola Electric, Reliance New Energy and Rajesh...
MoSPI To Revise CPI Base Year Every 3-5 Years: Secretary
NEW DELHI: The Ministry of Statistics and Programme Implementation (MoSPI) may conduct the revision of the base year for the Consumer Price Index (CPI) series more frequently after the release of the new series in February, MoSPI Secretary Saurabh Garg said on Wednesday. The secretary underlined that the idea...
Government Working On Easing Investment Norms To Ensure More FDI Inflow
NEW DELHI: The government is open to all suggestions for increasing investment in India. Senior government officials on Tuesday said the government’s approach would remain ‘balanced’. “We are open to all suggestions regarding investment in India, easing the investment climate in our interest. We have to carefully take every...
India’s GDP Growth May Cross 7.5 Per Cent In Q2: SBI Research Report
NEW DELHI: India’s GDP growth is expected to reach 7.5 per cent or more in the second quarter of the current fiscal, mainly driven by robust festive sales triggered by the GST rate cut in late September, a SBI research report said on Tuesday. Growth is being supported by...
State-Run Banks Lead Recovery In Net Interest Margins, Private Players Still Struggling
MUMBAI: State-run banks are set to see better earnings in the third and fourth quarters and going ahead as the biggest pain point — falling net interest margins (NIMs), the key profitability gauge, — has stabilised sequentially in the September quarter for most of them (though on-year most of...
India’s IT Spend May Rise 10.6% To $176 Billion In 2026: Gartner
MUMBAI: India’s information technology (IT) spend is projected to touch $176.3 billion in 2026, rising 10.6 per cent from 2025, and outpacing the 9.8 per cent growth expected globally, according to the latest forecast by Gartner Inc., a business and technology insights company. The growth is being propelled by...
New System To Capture Emerging Industries For Economic Data
NEW DELHI: As part of its efforts to widen and update sourcing of economic data, the Ministry of Statistics and Programme Implementation (MoSPI) on Tuesday introduced a system to capture emerging industries like digital platforms, renewable energy and intermediation services. The reorganisation of sections and restructuring groups under the...
IPOs Increasingly Becoming Exit Vehicles For Early Investors: CEA
MUMBAI: India’s equity markets may have expanded rapidly, but initial public offerings (IPOs) are increasingly becoming exit vehicles for early investors rather than as engines for raising long-term capital, a shift that undermines the spirit of public markets, Chief Economic Advisor V Anantha Nageswaran warned on Monday at a...
Exports Fall 11.8 Per Cent In October, Trade Deficit Widens To $41.68 Billion
NEW DELHI: India’s exports contracted 11.8 per cent to $34.38 billion in October on account of the impact of high tariffs by the US, while the trade deficit widened to a record high of $41.68 billion mainly due to a jump in gold imports. According to government data released...
Economy Losing Steam In Q2 To 7% On Poor Show By Services, Farm Sectors: ICRA
MUMBAI: Stating that the economy has likely lost the steam sequentially, when it clipped past 7.8 percent in the June quarter, due to the poor show by the services and farm sectors, Icra Ratings has forecast that the economy would have grown 7 percent in the September quarter, which...
SEBI Wants To Double The Number Of Stock-Investing Households In 3-5 Years
MUMBAI: Flagging the low investor participation in the securities markets, despite a considerable growth in the mcap-GDP ratio to 135 percent now, Sebi chairman Tuhin Kanta Pandey has said though 63 percent of the households are aware of the securities market, only about 9.5 percent of them are investing...
India’s Unemployment Rate Remains Steady At 5.2 Per Cent In October: Govt
NEW DELHI: The rate of unemployment for those aged 15 and above remained steady at 5.2 per cent in October, according to a government survey released on Monday. The unemployment rate (UR) was 5.2 per cent in September, 5.1 per cent in August, 5.2 per cent in July and...
India Shows Growth And Inclusion Can Advance Together: UNDP Chief
NEW DELHI: India has demonstrated that economic growth and social inclusion can advance together and it is helping translate its success stories into global lessons for a more equitable world, a top official of the UN Development Programme (UNDP) has said. The India growth story is not only about...
Tax And Tariff Disruptions Reshape Supply Chains As Strategic Engines: PwC
NEW DELHI: Supply chains are evolving from operational backbones to strategic growth enablers for organisations, though they remain underleveraged and struggle for recognition at the executive level, a report by PwC India said. The survey highlighted that recent developments in the trade and tariff landscape represent both a stress...
Macroeconomic Tailwinds To Lift Sentiment In India’s Realty Sector: Report
BENGALURU: India’s real estate sector is expected to see robust growth as India’s overall economic momentum remains stable or improves, supported by easing inflation and robust fiscal spending, as per the Q3 sentiment index report by Knight Frank–Naredco. On the residential front, new launches are expected to remain stable...
Government Plans To Overhaul Valuation Process Under Bankruptcy Rules
NEW DELHI: The government plans to revise valuation norms under the Insolvency and Bankruptcy Code (IBC) to ensure intangible assets are fully captured in assessments of distressed companies, while giving the Insolvency and Bankruptcy Board of India (IBBI) greater authority over how valuation reports are prepared. In a discussion...
Farm Exports To Get Modest Gain From US Tariff Waiver
NEW DELHI: India’s exports of agricultural commodities are unlikely to gain much from US President Donald Trump’s recent exemption of select food items from reciprocal tariffs. “We really had a small share in exports of those items in the latest reciprocal tariff exemption by the US, thus there is...
DPDP Rules Notified: Digital Privacy Law A Reality After 14 Years
NEW DELHI: The government on Friday notified the administrative rules under the Digital Personal Data Protection (DPDP) Act, marking India’s entry into a select group of countries with a federal digital personal data privacy regime. Industry and legal experts welcomed the detailed rules, as India’s digital ecosystem finally has...
