Business
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...
Core Sector Growth At 13-Month High Of 6.3% In August On Low Base Effect
NEW DELHI: A low base effect and a good steel and coal production propelled the output growth in India’s eight core infrastructure industries to 13-month high of 6.3 per cent in August against the negative growth seen during the same month of 2024, data released by the Ministry of...
NABARD, PFC Plans To Raise ₹10,000 Crore From Corporate Bond Market
MUMBAI: A slew of public sector undertakings (PSUs) are expected to tap the corporate bond market ahead of the Reserve Bank of India’s October policy review, capitalising on improved sentiment. State-run Power Finance Corporation (PFC) plans to raise up to ₹3,500 crore on Tuesday through bonds maturing in 2...
Indian IT Firms Invested $1billion In US Talent Training: Nasscom
BENGALURU: Even amid protectionist rhetoric from successive US administrations, the Indian IT industry has invested over $1 billion in local upskilling and hiring, driving a sharp rise in local recruitment. Over the years, Indian and India-centric firms in the US have steadily reduced their dependence on H-1B visas while...
US Companies May Find Selling In India Easier Under New Trade Deal
NEW DELHI: Selling of products and services by US companies in India is likely to get easier with the two countries renegotiating a trade deal, with focus on facilitating digital trade. The two countries have agreed not to demand information concerning source code or other proprietary knowledge, and access...
Centre’s Capex May Cross 50 Per Cent Of Annual Target In H1
NEW DELHI: The Centre’s budgetary capital expenditure in the first half of the current financial year is expected to reach 50% of the annual target of Rs 11.21 lakh crore, reflecting a further acceleration of such asset-creating spending upon the momentum gathered in the first quarter. “Budget capex reached...
CBIC, Other Agencies Vigilant On GST Benefit Transfer To The Public
NEW DELHI: The field formations of Central Board of Indirect Taxes and Customs (CBIC) across the country have put their monitoring wings on high alert, with a view to ensuring that businesses pass on the benefits of Goods and Service Tax (GST) cuts to the consumers right away. Besides...
Lens On Small-Ticket Personal Loan Defaults: RBI To Look At Use Of Device Locking Tech
MUMBAI/ NEW DELHI: RBI is considering a proposal to regulate the use of device locking technology in case of continued default for some small-ticket personal loans – but with explicit safeguards. Sources said a final decision on the issue has not been taken, but the needs of consumers and...
Import Duties May Be Imposed On Key Varieties Of Pulses
NEW DELHI: A surge in cheap imports and robust harvest prospects have dampened mandi prices of key varieties of pulses – tur, urad, masoor and chana. Their prices are currently ruling significantly below the year-ago prices, as well as the respective minimum support prices (MSPs). According to sources, with...
