NEW DELHI: India’s latest trade data show a geographical realignment in the nation’s trade balance. While India’s trade surplus with traditional partners such as the US and the Netherlands narrowed in the first two months of FY27, the trade balance with regions such as Asia and Africa swung decisively...
NEW DELHI: Markets regulator Sebi on Tuesday issued guidelines to permit Alternative Investment Funds (AIFs) to retain liquidation proceeds beyond their permissible fund life under specified circumstances. The regulator also introduced an ‘Inoperative Fund’ framework for wound-up funds with residual obligations. The move follows amendments to the Sebi (Alternative...
MUMBAI: The Reserve Bank of India’s (RBI) incentives to attract Foreign Currency Non-Resident (Bank) (FCNR(B) deposits have prompted leading private-sector banks to approach overseas lenders with proposals aimed at financing their non-resident Indian (NRI) clients and encouraging them to place funds through this route. “Foreign banks will gain access...
NEW DELHI: India’s wholesale price inflation (WPI) accelerated to an at least three-year high of 9.68 per cent in May from 8.26 per cent in April, driven by a sharp rise in energy prices amid the West Asia crisis, the Ministry of Commerce and Industry said on Monday. The...
NEW DELHI: India’s exports climbed to a six-month high of 18 per cent to $45.2 billion in May, while trade deficit widened to $28.21 billion, driven by increased imports of petroleum products amid higher crude oil prices. However, the trade deficit narrowed marginally on a month-on-month basis compared to...
MUMBAI: The Reserve Bank of India (RBI) has permitted authorised dealer (AD) banks to open repatriable rupee accounts for overseas individuals investing in listed Indian companies, operationalising the government’s move to broaden participation in the domestic equity market beyond Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs). The...
NEW DELHI: The US-Iran tentative deal to end their 107-day conflict and reopen the Strait of Hormuz could at once boost India’s economic sentiments, ease an already evident pressure on the fisc, avert an emergent balance of payments problem, and help the rupee to hold against the dollar, economists...
NEW DELHI: Overall unemployment rate for persons aged 15 years and above has dipped marginally to 5.5 per cent in May compared to 5.6 per cent a year ago, as shown by the Periodic Labour Force Survey (PLFS) released by the National Statistics Office on Monday. According to the...
NEW DELHI: Inflation in India has a high probability of shooting through the Reserve Bank of India’s targets in the second half of the financial year 2026-27, with a potential spike beyond the 6 per cent upper band, according to brokerage firm Prabhudas Lilladher. As El Nino combines with...
BENGALURU: Union Finance Minister Nirmala Sitharaman on Sunday said fluctuations in the rupee against the US dollar are driven by multiple global and domestic factors, including geopolitical uncertainties, foreign capital movements and India’s import dependence on crude oil, fertilisers and gold. She underlined that the Reserve Bank of India...
NEW DELHI: Exports and domestic manufacturing of India’s furniture sector will witness a major boost from the number of free trade agreements (FTAs) finalised by India in recent years, industry experts say. They said the duty concessions under these trade agreements would not only provide domestic players with preferential...
MUMBAI: Market intermediaries are likely to face a liquidity squeeze in the near term after the Reserve Bank of India’s (RBI) tighter lending norms come into effect from July 1. Industry estimates suggest the measures could impact market liquidity by ₹50,000-₹60,000 crore and significantly raise the impact cost for...
NEW DELHI: The Ministry of Labour and Employment is considering a new pension scheme that would allow workers to contribute any amount at any time towards their retirement savings. This marks a departure from existing pension products that require periodic contributions, according to people familiar with the matter. The...
NEW DELHI: India’s retail inflation rate in May accelerated to 3.93 per cent from 3.48 per cent in April, nearing the Reserve Bank of India’s (RBI’s) 4 per cent target, as food and transport costs edged higher, the data released by the National Statistics Office (NSO) on Friday showed....
NEW DELHI: The government has capped diesel sales to a vehicle in a day at 200 litres and restricted industrial, commercial, and institutional users from buying petrol and diesel from petrol pumps in a bid to prevent local shortages amid global supply disruption, according to an official order. Retail...
MUMBAI: Corporate bond issuances surged, with borrowers raising around ₹27,000 crore this week as a decline in bond yields lowered borrowing costs and encouraged issuers to tap the market. The issuance pipeline remains active, with Housing and Urban Development Corporation (HUDCO), Small Industries Development Bank of India (SIDBI), and...
NEW DELHI: The Centre has proposed a single regulatory framework for television and radio broadcasting services, extending the obligation of airing programmes on “themes of national importance and social relevance” from TV channels to private radio services. The draft Telecommunications (Television, Radio and Associated Services) Rules, 2026, made public...
After more than a decade, India is once again turning to its 35 million-strong diaspora for support. This time, banks are mounting a global campaign to attract more than $50 billion in deposits from overseas nationals as policymakers seek to bolster foreign exchange reserves and support a battered rupee....