Business
SEBI Mulls Guardrails For Retail Algo Trades To Address Regulatory Gaps
MUMBAI: The Securities and Exchange Board of India (Sebi) has proposed measures to regulate algorithmic (algo) trading by retail investors, introducing new checks and balances for stock brokers and exchanges. Currently, algo trading is dominated by institutional investors, who have “direct market access”, potentially giving them an edge over...
Telecom Gear Sales Under PLI Scheme Top Rs 68,700 Crore: DoT Secretary
NEW DELHI: Telecom equipment sales have crossed ₹68,700 crore under the Centre’s production linked incentive (PLI) scheme for the telecom sector within three and a half years of its launch, said Neeraj Mittal, secretary, department of telecommunications (DoT). “The telecom PLI scheme as on October 31, 2024, saw a...
ONGC Likely To List Green Arm In FY26
NEW DELHI: State-run ONGC is likely to come out with an initial public offering (IPO) for its green energy subsidiary ONGC Green Ltd in the next financial year 2025-26, according to the company’s Director (Exploration), Sushma Rawat. “That (IPO for ONGC Green) will not take too long but I...
Oil Ministry Backs Allocating OID Cess For ONGC, OIL To Boost Exploration Efforts
NEW DELHI: The Ministry of Petroleum & Natural Gas (MoPNG) is in favour of allocating a portion of the Oil Industries Development Cess (OID cess) to ONGC and Oil India (OIL), which will help in providing more capital to these companies to enhance exploration & production (E&P) activities. The...
Domestic Steel Industry Faces Market Threats: ICRA Predicts Below 80% Capacity Utilisation In FY2025
Following the post-Covid metals rally, the domestic steel industry was able to achieve the impossible trinity of maintaining above 80% capacity utilisation rates, a strong investment pipeline, and comfortable leverage levels for three years back-to-back between FY2022 and FY2024. However, according to ICRA’s latest note on the steel sector,...
Ministry Of Steel Leads The Way With India’s First Green Steel Framework
NEW DELHI: In a landmark move, India has taken a decisive step towards decarbonising its steel sector with the release of the Green Steel Taxonomy, unveiled by Union Minister of Steel and Heavy Industries, Shri H.D. Kumaraswamy, at Vigyan Bhavan. This initiative aligns with the nation’s commitment to achieving...
India’s $6 Billion Submarine Building Plan Stalls After Sea Tests
India’s $6 billion plan to build submarines has stalled because of contractor complaints over whether proper procedures were followed during tests at sea, delaying the navy’s efforts to bolster its capabilities as China expands its presence in the Indian Ocean. The bid to build six conventional diesel-electric subs is...
November Retail Inflation Eases To 5.48%; Industrial Output Grows 3.5% In October
NEW DELHI: With the slowdown in food prices and a high base, which is favourable, India’s retail inflation rate, based on the consumer price index (CPI), fell within the Reserve Bank of India’s (RBI’s) tolerance band at 5.48 per cent in November, from a 14-month high of 6.21 per...
Bleak Urban Demand To Weigh On FMCG In 2025
MUMBAI: The coming year is looking tough for India’s consumer goods companies. The urban middle class – key to driving sales volumes for mass brands – is not spending enough and rising commodity inflation means that firms may find it difficult to curb further price hikes, hurting consumption even...
Centre Seeks Parliament Nod For Net Extra Spend Of Rs 44,143-Crore
NEW DELHI: The Centre on Thursday sought Parliament approval for net additional expenditure of Rs 44,143 crore for the current fiscal, out of gross additional spending of Rs 87,763 crore in the first batch of supplementary demand for grants. The bulk of the additional spending is due to likely...
Investment Rate To Rise To Mid-30s In Five Years: CEA Anantha Nageswaran
NEW DELHI: Expressing optimism that private sector investment will continue to rise, chief economic adviser V Anantha Nageswaran on Thursday said the gross fixed capital formation (GFCF) rate may rise from 30.8% now to mid-30s, aiding India to grow at a sustainable rate when the world is going to...
Bank Deposits Went Up In Line With Credit Growth In Year To November
KOLKATA: Banks’ deposit mobilisation from the public increased 10.6% between November 2023 and November 2024, in tandem with credit growth, latest Reserve Bank of India (RBI) data showed. Term deposits and demand deposits also clocked double-digit growth in the same period. This is a result of banks’ relentless effort...
RBI Governor Bats For Continuity, Stability In Policy Decisions
MUMBAI: Sanjay Malhotra, the newly appointed governor of the Reserve Bank of India (RBI), Wednesday stressed continuity, stability, and inclusivity in policy making as the guiding leadership principles for the storied institution that, he said, symbolised both unwavering commitment to public good and inherent dynamism to help meet new-age...
Asian Development Bank Lowers India’s Growth Forecast To 6.5% For FY25
NEW DELHI: The Asian Development Bank (ADB) on Wednesday lowered its India growth forecast for the current financial year (FY25) to 6.5 per cent from 7 per cent earlier. “India’s growth in Q2 slowed more than expected due to weak industrial output as tighter prudential norms by the central...
Need To Distinguish Norms Between Financial & Non-Financial Sectors: CEA
NEW DELHI: Chief economic advisor V Anantha Nageswaran on Wednesday underscored the need to distinguish between regulations for financial and non-financial sectors, arguing that competition in the financial sector can at times lead to excessive risk-taking and instability, as manifest in the 2008 global financial crisis. Regulators, he said,...
SEBI Expands Insider Trading Net
MUMBAI: The Securities and Exchange Board of India (Sebi) has notified the expansion of the definition of “connected persons”, who have access to price-sensitive information, with effect from December 5. Bringing in more people under the scanner, the regulator has included relatives, related firms or partners and people living...
Telecom Operators Deploy Tech To Block All Pesky Messages: COAI
NEW DELHI: Telecom operators have deployed technology to block all pesky messages with immediate effect, industry body COAI said on Wednesday. The Telecom Regulatory Authority of India (TRAI) had set deadline of December 11 for telecom service provider to trace and block all messages that do no comply with...
India Set For Resilient Growth In 2025 Driven By Urban Consumption: S&P
NEW DELHI: The Indian economy is set for resilient growth in 2025 on the back of strong urban consumption, steady services sector growth, and ongoing investment in infrastructure, S&P Global Ratings has said in its latest India Outlook. The global ratings agency kept the FY25 gross domestic product (GDP)...
