Business
SEBI Revamps Investor Charter To Boost Transparency, Grievance Redressal
NEW DELHI: Capital markets regulator Sebi on Friday unveiled an updated investor charter aimed to enhance investor protection, market transparency, and trust and confidence among investors. The updated charter has emphasised on ensuring confidentiality of investor information and providing the right to exit at fair and reasonable terms from...
Oil Prices Fall On Supply Glut Fears Despite OPEC+ Output Cut Extension
NEW YORK: Oil prices fell by more than 1 Percent on Friday and cemented weekly losses as analysts projected a supply surplus next year on weak demand despite an OPEC+ decision to delay output hikes and extend deep production cuts to the end of 2026. Brent crude futures settled...
Tata Power Plans Rs 1.25 Trillion Investment Between FY26 And FY30
TIRUNELVELI: Tata Power is planning to invest around Rs 1.25 trillion between the next financial year (FY26) and FY30 in order to double its operational capacity to 32 gigawatts (Gw) from 15.6 Gw now, a senior company official said on Friday. This is in addition to the Rs 21,000...
Copper Industry To See 10-13% Spurt In Demand In H2FY25: ICA India
MUMBAI: India’s copper demand is expected to clock a 10-13 per cent growth in the second-half of the current financial year amid constrained by supply-side issues, said a top executive from International Copper Association India. According to ICA India estimates, financial year 2024 (FY24) demand growth was at 13...
Govt Taps MSMEs, Startups For Defence Tech, Sanctions Rs 1,264 Crore Projects
NEW DELHI: Several initiatives aimed at transforming India into a global hub for defence research and technology, involving projects worth an estimated Rs 1,264 crore and significant participation from MSMEs, start-ups, and academia, have been rolled out by the government, according to Minister of State for Defence Sanjay Seth,...
India To Formulate Space Security Doctrine To Protect Assets And Enhance Military Capabilities
NEW DELHI: The government is close to finalising, for the first time, a space security doctrine to defend the country’s space assets as well as scale up military capabilities. “As I know there is a document on Indian space security doctrine. It is not in the public domain but...
Economy Can Expand By 7 Per Cent In H2: CEA
NEW DELHI: Indian economy can grow by 7% in the second half of the current financial year going by the pickup in economic activity, which could uplift the full-year growth rate to at least 6.5%, chief economic advisor V Anantha Nageswaran on Thursday said. Speaking at an industry body...
Potential Shifts In US Trade Policy To Affect Trade In 2025: UNCTAD
NEW DELHI: Potential shifts in United States (US) trade policy to a more protectionist one, inward looking industrial policies in many countries, threat of renewed and expanded trade wars along with ongoing geopolitical tensions are set to negatively influence international trade in 2025, a report released on Thursday said....
Core Inflation With Non-Volatile Food Must Guide RBI: Arvind Virmani
NEW DELHI: The Reserve Bank of India (RBI) should consider looking at core inflation, re-defined with the inclusion of non-volatile food items, for its monetary policy decisions, Arvind Virmani, member, Niti Aayog said. However, volatile elements of food being “beyond its control,” could be kept outside its inflation targetting...
PSBs Lag Behind On Government Insurance Enrolment Targets, Shows Data
NEW DELHI: Public-sector banks (PSBs) have fallen short on achieving the annual targets of two flagship insurance schemes for social security, Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), according to the government data reviewed by Business Standard. Till October 2024-25, while PSBs...
India’s Exports To Bangladesh Dip Amid ‘Volatile’ Situation
KOLKATA: The political turmoil in Bangladesh has slowed down exports of gem and jewellery, imitation jewellery, engineering goods and oilmeals from India. The raw cotton, cotton yarn and textiles exporters are facing delays in payments, even though the buyers are depositing payments in local currency Bangladeshi Taka. However, due...
DRI Report Reveals Rise In Commercial Fraud, FTA Misuse Worth Rs 1,427 Crore in 2023-24
NEW DELHI: The Directorate of Revenue Intelligence (DRI)’s report on ‘Smuggling in India’ 2023-24 highlights a rise in commercial fraud, including misuse of foreign trade agreements (FTA) by individuals/companies. According to the report, the agencies have detected cases of FTA misuse worth Rs 1,427 crore during 2023-24 compared to...
SEBI Mulls Revising Requirement On Settlement Of Account Of Clients’ Funds
NEW DELHI: To facilitate ease of doing business, markets regulator Sebi on Thursday proposed that funds of clients, who have not done any transaction in the last 30 days, will be settled by stock brokers on the upcoming settlement dates of monthly running account settlement cycle. Under the rule,...
Amazon Web Services commits USD 100 Million In Cloud Credits For Underserved Students
NEW DELHI: Amazon Web Services (AWS) on Thursday said it is committing up to USD 100 million in cloud credits over the next five years to help eligible educational institutions and underserved students worldwide develop and scale digital learning solutions. The programme, a part of AWS Education Equity Initiative,...
Government Open To Explore Alternative Financing Models For MSMEs: Piyush Goyal
NEW DELHI: Commerce and Industry Minister Piyush Goyal on Thursday urged the industry to share specific issues they are facing in accessing bank credit and suggested that the government is open to exploring alternate financing models for MSMEs. He also said the ministry can earmark particular areas in the...
India Pushes For Fast-Tracking Special Safeguard Mechanism At WTO
India has pitched for fast-tracking negotiations in the WTO on special safeguard mechanism (SSM), which would allow developing countries to temporarily raise tariffs on agricultural imports in response to import surges or price drops, an official said. The country flagged the issues during a meeting of a committee on...
Electronics Manufacturing Sparks Supply Chain Reaction From India Inc
NEW DELHI: The country’s top manufacturing and industrial houses are working with the government to enter a broadening global electronics supply chain. About two dozen large industrial houses have sensed an opportunity to leverage strengths and competencies to produce components, sub-assemblies and raw materials such as chemicals and gases....
DoT Bats For Expanded Telecom PLI To Push Diversified Manufacturing
NEW DELHI: The Department of Telecommunications (DoT) is pushing for an expansion of the Production Linked Incentive (PLI) scheme for telecom equipment and network products to further localise the manufacturing of key equipment and quickly capture the export demand for 4G and 5G gears. An expanded PLI will be...
