NEW DELHI: Capital expenditure growth by Corporate India could moderate sharply to just around 4% annually over the next two years, Moody’s Ratings said in a report on Monday, signalling a further delay in the long-awaited investment cycle and a serious blow to the country’s medium-term economic growth. Between...
GOTHENBURG/NEW DELHI: Asserting that India’s “reform express” is going at full speed, Prime Minister Narendra Modi on Sunday asked Swedish companies to enhance their presence in manufacturing, green hydrogen mission, clean energy and other sectors. Wooing European companies, Modi highlighted the potential in five broad areas, including telecom and...
BHUBANESWAR: India’s financial ecosystem is becoming increasingly resilient, driven by disciplined domestic investors, regulatory reforms and expanding participation from smaller cities and states, Securities and Exchange Board of India (Sebi) Chairman, Tuhin Kanta Pandey, said on Monday. The West Asia crisis has undoubtedly created global economic uncertainty, he said....
NEW DELHI: India could emerge as a $7 billion contract manufacturing hub for global medical device companies by 2035, as multinational firms diversify supply chains beyond China and India deepens its domestic manufacturing ecosystem, according to a report by Boston Consulting Group (BCG), the Association of Indian Medical Device...
NEW DELHI: India’s lithium imports have surged more than ten-fold in eight years, reflecting the rapid expansion of the electric vehicle (EV) market and rising demand for battery storage, even as domestic manufacturing capacity continues to lag behind consumption growth. According to data from the ministry of commerce and...
NEW DELHI: India and the Netherlands announced 17 outcomes at the end of Prime Minister Narendra Modi’s two-day visit to that country, which concluded Sunday afternoon. Commitments included deepening bilateral cooperation in semiconductors, critical minerals, renewable energy and green transition, defence co-production, mobility, horticulture and dairying. The Netherlands is...
NEW DELHI: Capital expenditure by state governments likely grew a modest 5% year-on-year in 2025-26, as fiscally cautious states put the brakes on borrowings despite a moderation in tax revenue growth. Aggregate capital outlay by 18 major states rose 4.7% year-on-year to Rs 6.19 lakh crore in FY26. These...
NEW DELHI: Free Trade Agreements (FTAs), reduction in import tariffs and improvement in business environment would encourage higher net foreign capital inflows into India, which have moderated in recent years, ADB Chief Economist Albert Park has said. During 2021-22, India attracted net Foreign Direct Investment (FDI) of $38.6 billion,...
MUMBAI: Prudential plc on Sunday said it would acquire a 75 per cent stake in Bharti Life Insurance—promoted by billionaire Sunil Mittal’s Bharti Enterprises—for ₹3,500 crore, subject to regulatory approvals. Subsequently, Prudential will reduce its holding in ICICI Prudential Life Insurance to below 10 per cent from its nearly...
NEW DELHI: The continued attempts at diversification of Indian exports has led to significant expansion of products and market footprint in 2025-26 generating additional exports of $ 202.2 million The strongest value contribution to the diversification came from advanced engineering and industrial sectors. “The trend highlights a gradual shift...
NEW DELHI: India’s merchandise exports rose 13.8 per cent year-on-year in April to a four-year high of $43.56 billion, according to the commerce ministry data released on Friday, despite supply-chain disruptions linked to the crisis in West Asia. Still, the trade deficit widened to a three-month high of $28.38...
NEW DELHI: Prime Minister Narendra Modi’s brief stopover in Abu Dhabi on Friday saw India and the United Arab Emirates (UAE) sign six agreements aimed at deepening energy and defence ties. The UAE also announced its entities would invest $5 billion in India. The PM’s visit coincided with the...
MUMBAI: India’s direct selling industry recorded turnover of Rs 23,021 crore in FY2024-25, up 4 per cent from Rs 22,142 crore in the previous fiscal, according to the Direct Selling Industry 2025 Outlook released by the Indian Direct Selling Association (IDSA). The report states that the industry grew at...
NEW DELHI: The Rs 3/litre hike in petrol and diesel prices could push retail inflation up by nearly 15 basis points in the short term, economists said. They expect more such price increases over the next few weeks, as oil marketing losses of oil marketing companies remained to be...
NEW DELHI: The finance ministry has approved Dubai-based Emirates NBD Bank’s proposal to acquire up to 74 per cent stake in private sector lender RBL Bank, PTI reported citing a regulatory filing on Friday. RBL Bank said Emirates NBD Bank (P.J.S.C) has received a letter from the Department of...
NEW DELHI: Led by a steep rise in energy prices amid the ongoing West Asia crisis, India’s wholesale price index (WPI)-based inflation rate more than doubled to a 42-month high of 8.3 per cent in April from 3.88 per cent in March, according to data released by the Ministry...
MUMBAI: The rupee hit a fresh intraday low of 95.96 per dollar on Thursday amid aggressive demand for the greenback among importers, and maturing of offshore non-deliverable forward (NDF) positions, dealers said. The rupee later recovered sharply to around 95.58 after reports emerged that the government was considering a...
NEW DELHI: India’s fiscal deficit in FY27 may overshoot the budgeted target to some extent as the Centre is implementing a series of relief and stabilisation measures to shield citizens, farmers and businesses from the fallout of the escalating West Asia conflict, sources told FE. However, they stressed, the...