Business
WPI Inflation Eases To 0.13% In September On Lower Food Prices
NEW DELHI: Wholesale price inflation (WPI) softened to 0.13 per cent in September on easing in prices of food articles and manufactured items, government data showed on Tuesday. WPI-based inflation was 0.52 per cent in August and 1.91 per cent in September last year. “Positive rate of inflation in...
Four Technologies To Reshape Global Labour Markets: WEF
NEW DELHI: Four emerging technologies — AI, robotics, advanced energy systems and sensor networks — are poised to reshape global labour markets with the greatest impact expected in seven core sectors employing 80 per cent of workers worldwide, a study said on Tuesday. These technologies will create new opportunities...
Corporate Capex Revival On Anvil, Will Grow By $800 Billion In FY26-30, $1 Trillion In FY31-35, Says S&P
MUMBAI: The economy is in for a much-delayed revival in corporate capex, which has in fact stalled after the record capacity additions seen in the boom years of the first decade of the millennium. But that is about to change, if an S&P analysis is to be believed which...
RBI’s Move To Reform Regulatory Framework Set To Bring Good Times For Banks, Says Fitch
MUMBAI: The major relaxations in the regulatory framework (as many as 21 regulations are getting amended) announced by the RBI on October 1 are positive for the financial sector as they will help strengthen the operating environment for banks with lesser burden on core capital, said Fitch Ratings in...
IMF Raises India’s FY26 GDP Growth Forecast By 20 Basis Points To 6.6%
NEW DELHI: The International Monetary Fund (IMF) on Tuesday raised India’s gross domestic product (GDP) growth forecast for 2025-26 (FY26) by 20 basis points (bps) to 6.6 per cent, citing a “strong first quarter” that more than offset the impact of the US rate hike, in its latest World...
New Interest Subvention Scheme Soon For MSME Exporters
NEW DELHI: The government will soon unveil a revamped interest subvention scheme for exporters, under which it may extend a 3% interest subsidy to micro, small, and medium enterprises (MSMEs), instead of all exporters, sources told FE. This will be a key element of the support package for exporters...
India, EU Wrap Up 14th Round Of Talks
As officials from India and European Union (EU) wrapped up their 14th round of negotiations on the proposed free trade agreement (FTA) on Friday, plans are afoot for the visit of Commerce and Industry Minister Piyush Goyal to Brussels later this month before the next round of talks begin....
Telecom Companies Seek Uniform Rules For Satcom, OTT Platforms
NEW DELHI: Telecom operators are pressing the department of telecommunications (DoT) to ensure a level regulatory playing field for satellite communication (satcom) and over-the-top (OTT) platforms, saying existing rules need to evolve in line with the digital economy.“Satcom is complementary, not competing. It can help extend coverage in rural...
Narrowing Margins To Shrink Banks’ Q2 Profits
MUMBAI: Banks are expected to report weaker earnings for the second quarter of FY26 in coming weeks as falling lending rates outpaced the decline in funding costs, compressing margins and profit growth. Analysts said the full impact of earlier RBI repo rate cuts was felt during the quarter, causing...
General Govt Capex-To-GDP Likely To Stay Around 5% In FY26, Lower Than Fy25p And FY24 Peak: Report
NEW DELHI: The general government capital expenditure (capex) as a share of GDP in FY26 is likely to remain around 5 per cent, which is lower than 5.1 per cent in FY25P and much below the FY24 peak of 5.4 per cent, according to a report by Emkay Research....
India Inks Critical Mineral, Climate Change And Defence Deals With UK
NEW DELHI: India and the United Kingdom (UK) on Thursday announced a dozen outcomes across sectors ranging from education and critical minerals to climate change and defence cooperation. These include a $468 million (350 million pound) contract under which the UK will supply lightweight multirole missiles to India, and...
India Healthcare Spend To Double As Share Of GDP By 2047: Study
NEW DELHI: India’s healthcare expenditure is expected to rise seventeen-fold by 2047 to touch Rs 190 lakh crore, up from about Rs 10-11 lakh crore now, as aging population, increasing non-communicable disease (NCD) load, early onset and late diagnosis will drive the demand for healthcare services, said the latest...
Government Notifies Major Amendments To PLI Scheme For Textiles
NEW DELHI: The textile ministry on Thursday announced significant amendments to the Production Linked Incentive Scheme for textile products with an aim to address challenges faced by the industry and encourage fresh investments. The amendments to the scheme for man-made fibre (MMF) apparel, fabrics and technical textile products include...
Foreign Fund Outflows Not Worrying, Investors Bullish On India: SEBI Chief
Foreign equity flows fluctuate with global conditions. But, longterm trend in assets under custody of FPIs remains upward, which has grown from $827 billion to around $907 billion with a 10-year CAGR of over 12%. Beyond scale and participation, what ultimately matters to investors is that India has a...
India’s Govt Debt Projected To Decline To 71% Of GDP By FY35 From Current 81%: CareEdge Ratings
India’s general government debt is expected to moderate steadily over the next decade, declining from the current 81 per cent of GDP to about 77 per cent by FY31 and further to 71 per cent by FY35, according to a report released by CareEdge Ratings. The report highlighted that...
Consolidation Of Public Sector Banks May Resume By Fiscal-End
NEW DELHI: After a gap of six years, the process of consolidation of public sector banks (PSBs) may restart by the end of the current financial year. What is being considered is the merger of 3-4 smaller PSBs with larger ones in the first phase. In the subsequent phase,...
Deposits Rise Faster Than Loans At Small Finance Banks In Q2
MUMBAI: Small finance banks (SFBs) saw higher growth in their deposits as compared to gross advances on a year-on-year basis in the quarter ended September, provisional data released by six banks showed. The gross advances rose 16.8% y-o-y while the growth in total deposits was higher at 17.2%, the...
India Pleased With UK FTA; Keen To Have Trade Pact With US: Jaishankar
NEW DELHI: External Affairs Minister S Jaishankar on Sunday spoke of learning lessons from India’s initial free trade agreements (FTAs) with Asean nations, terming them as economies that compete with India and provide a pathway for Chinese goods to enter the Indian market. He said India should focus on...
