NEW DELHI: India has blocked China’s request for establishment of a panel to adjudicate the dispute it has brought before the World Trade Organisation (WTO) against Production Linked Incentive Scheme (PLI) for solar modules and duties charged on IT products. The dispute was initiated on December 19 last year...
NEW DELHI: Former Deputy Chairman of the Planning Commission of India Montek Singh Ahluwalia on Friday endorsed a policy of allowing the rupee to depreciate against the dollar in line with the market conditions, cautioning that attempts to artificially keep the currency up could weaken the economy further. He...
NEW DELHI: India’s aggressive ethanol capacity expansion is set to significantly outpace demand despite the government’s push towards E85 fuel and flex-fuel vehicles, with installed production capacity expected to touch nearly 2,400 crore litres by FY27 against current fuel demand of only around 1,100 crore litres under the E20...
NEW DELHI: India’s rapidly expanding renewable energy capacity is beginning to outpace transmission infrastructure, forcing nearly 300 gigawatt-hours (GWh) of clean power curtailment in the first quarter of 2026 due to grid bottlenecks and causing an estimated monetary loss of ₹75-90 crore, according to a report by global energy...
MUMBAI: Lenders are sharpening their focus on corporate credit in emerging industries, with renewable energy emerging as the biggest growth driver. The push comes at a time when transition goals are accelerating demand for clean energy financing. In addition, the rising energy security concerns have risen due to the...
NEW DELHI: India’s private sector activity is expected to have slowed marginally in May as growth in new orders, international sales, employment and business activity dipped and input price inflation ticked higher, with manufacturers faring worse than services firms, a private survey said on Thursday. HSBC’s flash India Composite...
MUMBAI: The Securities and Exchange Board of India (Sebi) has proposed changes to the price-discovery mechanism for initial public offerings (IPOs) and relisted stocks during the pre-open call auction session. Under the proposed revised framework for determining the base price of relisted shares, Sebi has suggested using the latest...
NEW DELHI: The number of unincorporated establishments in the non-agriculture sector has surged to over 9 crore, and employment under these firms crossed the 15-crore mark in the January-March quarter, according to a government survey. The National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation on...
NEW DELHI: The Office of the United States Trade Representative’s (USTR’s) Section 301 hearings have turned into a fresh flashpoint in Indo-US trade ties, with American industry groups pushing for punitive tariffs on Indian goods over allegations of state-backed overcapacity and unfair subsidies, while Indian officials mount an aggressive...
NEW DELHI: Prime Minister (PM) Narendra Modi concluded his visit to Italy, the final leg of his five-nation foreign tour, on Wednesday, with India and Italy committing to raising annual bilateral trade to €20 billion by 2029. Following talks between PM Modi and his Italian counterpart, Giorgia Meloni, in...
NEW DELHI: The International Monetary Fund (IMF) has cautioned governments against resorting to broad-based subsidies to shield households from price shocks arising from the conflict in West Asia, holding that such measures could strain their already tight public finances. Instead, the IMF has suggested rolling out “temporary, targeted, timely...
MUMBAI: The Reserve Bank of India (RBI) on Wednesday announced a $5-billion dollar-rupee buy/sell swap auction with a three-year tenor to inject durable liquidity into the banking system, as it grapples with tightening domestic liquidity conditions and mounting pressure on the rupee amid elevated crude oil prices. The auction,...
NEW DELHI: Indian states should begin treating overseas employment as an economic development strategy by setting up dedicated migration systems, including state-run recruitment agencies, foreign-language training programmes and digital dashboards tracking global labour demand, said a NITI Aayog working paper, released on Wednesday. The paper titled ‘States’ Framework: Advancing...
MUMBAI: Citing the early impact of the ongoing Iran war which has spiked energy prices massively apart from disrupting supply chains, rating agency Icra expects the March quarter growth to moderate to a three-quarter low of 7%, down from 7.8% in the previous quarter and the full-year growth to...
MUMBAI: The rupee on Tuesday closed at a new low against the dollar for the seventh consecutive session, weighed down by elevated crude oil prices, hardening US Treasury yields, and sustained foreign fund outflows. The Indian currency settled at a record closing low of 96.53 per dollar, compared to...
MUMBAI: The Reserve Bank of India is unlikely to either raise or cut the repo rate during the rest of FY27 and is expected to maintain status quo at 5.25 per cent, according to a report by India Ratings and Research, which said inflation is likely to remain within...
MUMBAI: To ensure greater consistency with the Basel Pillar 3 disclosure requirements, the Reserve Bank of India (RBI) on Tuesday released draft norms on commercial banks’ capital adequacy with the aim of reducing information asymmetry and promoting comparability of banks’ risk profiles. “Pillar 3 of the Basel Framework aims...
NEW DELHI: To avoid delays in the appointment of insolvency professionals (IPs) during the bankruptcy process, the government has come out with a fresh set of guidelines that mandate Insolvency and Bankruptcy Board of India (IBBI) to define the eligibility criteria for the IPs besides preparing a panel of...