Business
Private Capex Revival In India Expected Only Next Year: S&P Global
MUMBAI: Owing to the current uncertain business climate due to tariffs, the revival in private capital expenditure (capex) in India is expected only in the next financial year, according to S&P Global Ratings. “We are projecting $800-850 billion of private capex in the next five years, but I do...
AI To Boost Trade By Nearly 40% By 2040 If Gaps Are Bridged: WTO Report
NEW DELHI: Artificial intelligence (AI) could boost the value of cross-border trade by nearly 40 per cent by 2040 on the back of productivity gains and lower trade costs, said the 2025 edition of the World Trade Report released by the World Trade Organization (WTO) on Wednesday. However, for...
Global Tie-Ups Soon To Push Geo-Thermal Energy: Govt
NEW DELHI: The government is exploring international technology collaborations for the development of geothermal energy projects in the country with several foreign players — including those from the US, Norway, and Iceland — already initiating pilot studies, according to Santosh Sarangi, secretary, ministry of new and renewable energy. The...
India, US Step On The Gas To Seal Trade Deal After 7-Hour ‘Positive’ Meet
NEW DELHI: India and the United States on Tuesday agreed to intensify efforts to reach an early conclusion of a “mutually beneficial” trade deal, setting aside recent strains in their bilateral relationship. The announcement from the Indian side followed a seven-hour meeting between the chief negotiators from both countries,...
Govt Projects A Modest 2.4% Growth In Foodgrains Production In 2025-26
NEW DELHI: Taking into consideration the impact of flood and excessive rainfall across regions on kharif crop, the government on Tuesday projected a modest growth of 2.4% in foodgrain production to 362.5 million tonne (MT) for the 2025-26 crop year (July -June) compared to 353 MT of production in...
Regulator Moots Major Leeway For Fund Managers Under Private-Sector NPS
NEW DELHI: In a move aimed at popularising the National Pension System among the employees in the non-government sector, the Pension Fund Regulatory and Development Authority (PFRDA) on Tuesday permitted fund managers to customise and offer multiple schemes with equity exposure up to 100% to private-sector subscribers. The fund...
India Inc Turned To Non-Bank Routes For Nearly Half Of Fy25 Funding
MUMBAI: Corporate India is increasingly tapping non-banking channels to meet its funding requirements, with nearly half of the total resources raised in FY25 coming from equity markets, bonds, and loans from non-banking financial companies (NBFCs), Reserve Bank of India (RBI) data showed. The total flow of financial resources to...
Wait For WiFi 6 Gets Longer Over Spectrum Licensing Issues
NEW DELHI: The wait for faster WiFi speeds in India is set to get longer, with the Department of Telecommunications (DoT) delaying the notification of rules on delicensing the lower portion of the 6 GHz spectrum band. Allotting this spectrum would allow for the deployment of technologies such as...
Retail Inflation Rises To 2.07% In August As Decline In Food Prices Slows
NEW DELHI: India’s retail-inflation rate, based on the consumer price index (CPI), recorded a slight uptick in August to 2.07 per cent from an eight-year low of 1.61 per cent in July owing to a low base effect and reduced deflation in food prices. The inflation data, released by...
India, EU Maximising Efforts To Finalise FTA Talks By Year End
NEW DELHI: India and the EU are now maximising their efforts to finalise negotiations for a proposed free trade agreement by the end of this year, with both sides stressing their commitment to a comprehensive and balanced pact to benefit businesses and consumers. The official team of India and...
Government Aims To Push 2 PSBs Among Top 20 Global Banks
NEW DELHI: In sync with the target of getting the ‘Developed Nation’ status by 2047, the government aims to ensure that at least two public sector banks figure in the list of World’s top 20 banks. As on date, State Bank of India is the only Indian bank in...
SEBI Eases IPO Dilution Rules, Extends MPS Timeline To Help Big Listings
MUMBAI: To encourage the listing of large companies, the Securities and Exchange Board of India (Sebi) on Friday approved lowering the minimum dilution requirement for initial public offerings (IPOs) and extended timelines for achieving the minimum public shareholding (MPS). The regulator also approved changes to the anchor investor framework,...
Oil Imports From Russia Remain Resilient
NEW DELHI: India’s imports of Russian oil have remained resilient in September, with volumes in the first twelve days already surpassing the total imports recorded in August, as per an analysis of data provided by Kpler. The country imported 1.87 million barrels per day of Russian oil as of...
India Plans Rs 22 Billion Relief Package For Exporters Hit By Trump’s 50% Tariffs
NEW DELHI: Amid the trade standoff with Washington, the Indian government is considering a broad support package for exporters struggling with newly imposed US tariffs. According to a Bloomberg report, the Ministry of Commerce and Industry has drafted proposals to provide liquidity through collateral-free loans and subsidised interest rates....
ICRA Sees Credit Growth Picking Up From Second Half Of FY26 On GST Rate Cuts, Falling Deposit Costs
MUMBAI: Credit rating agency Icra Ratings has said bank credit is likely gain traction from the second half of the fiscal, buoyed by the likely consumption boost arising from the GST rate cuts, and falling deposit costs. In Q1, credit growth stood at a low 10.5%, while this was...
Fitch Ups India FY26 GDP Forecast To 6.9% From 6.5% On Domestic Demand
NEW DELHI: Fitch Ratings has raised India’s FY26 economic forecast to 6.9 per cent from 6.5 per cent earlier, saying domestic demand will drive growth as strong real incomes support consumer spending and financial conditions encourage investments. “At the same time, annual growth will slow in the second half...
Equity Mutual Fund Inflows Slip In August On Weak NFOs, Global Jitters
MUMBAI: Inflow in equity mutual funds dropped by 22 per cent to Rs 33,430 crore in August, largely due to a sharp fall in new fund offers (NFOs) and global macroeconomic uncertainties. Despite the decline, this marks the 54th consecutive month of net inflows into the equity segment. Systematic...
India-EU Trade Talks At Critical Stage Amid Hurdles, Officials Tell Parliamentary Panel
NEW DELHI: Negotiations for a Free Trade Agreement (FTA) between India and the European Union (EU) are at an advanced but complex stage, with discussions covering issues such as stringent standards, protectionist regulatory measures, and non-tariff barriers restricting India’s agricultural and industrial exports, top officials told a parliamentary panel....
