NEW DELHI: India’s private sector manufacturing activity expanded at its slowest pace in three months in June as growth in international sales, output, purchasing activity and employment moderated, a private survey showed on Wednesday. HSBC’s India Manufacturing Purchasing Managers’ Index (PMI), which tracks monthly changes in manufacturing activity, fell...
NEW DELHI: As new synchronised steel trade measures by the UK and European Union (EU) came into effect on Wednesday, India preserved its competitive advantage in both markets. New Delhi’s free trade agreements with both trading partners have enabled it to make relative gains. The EU and UK aim...
MUMBAI: Microfinance institutions (MFIs) are expected to see assets under management (AUM) grow around 20 per cent in 2026-27 (FY27), up from 4 per cent in the 2025-2026 (FY26), with diversification into secured loans — such as gold loans, loans to micro, small and medium enterprises (MSMEs), loans against...
NEW DELHI: The Bharatiya Mazdoor Sangh (BMS) on Wednesday outlined the proposed work programme of the BRICS Trade Union Forum’s task force on artificial intelligence (AI), identifying workplace surveillance, automation-led job displacement, algorithmic management and labour protections for platform workers among the key issues it intends to address. The...
NEW DELHI: The Union Cabinet has approved an additional ₹30,000 crore investment in the National Investment and Infrastructure Fund (NIIF), taking the Centre’s total commitment to India’s sovereign-anchored fund to ₹60,000 crore, the finance ministry said on Monday. The fresh allocation will primarily be used to launch NIIF Infrastructure...
NEW DELHI: India’s industrial output growth rose to a five-month high of 5.1 per cent in May, from 4.9 per cent in April, driven by strong growth in the electricity and gas supply sector, according to data released by the National Statistics Office (NSO) on Monday. The latest Index...
MUMBAI: Domestic equities declined on Monday, after posting their longest weekly winning streak of 2026, as concerns over a weak monsoon and the escalation of geopolitical tensions in West Asia dented sentiment. The BSE Sensex on Monday ended the session at 76,728, down 372 points, or 0.5 per cent,...
West Asia’s crude supply has recovered to around 14.6-15 million barrels per day (mbpd) after nearly 2 mbpd returned within three weeks of the June 17 preliminary US-Iran agreement, easing fears of a prolonged supply shock and pulling Brent crude to around $72 a barrel, its lowest level in...
NEW DELHI: The government is examining a sector-specific insolvency framework for insurance companies under the Insolvency and Bankruptcy Code (IBC), similar to the one for the real estate sector. Additional protection for insurance policyholders may be a key feature of the framework. Besides, the proposed changes might also clearly...
NEW DELHI: As oil prices ease following a peace deal between the United States (US) and Iran, Goldman Sachs raised its forecast for India’s gross domestic product (GDP) growth in 2026-27 (FY27) by 40 basis points (bps) to 6.5 per cent. The global brokerage firm also cut its projection...
NEW DELHI: The Centre has proposed two amendments to the Drugs Rules, 1945, aimed at easing the import of medicines and reducing regulatory hurdles for pharmaceutical research, as part of its broader push to improve ease of doing business in the sector. The Union Ministry of Health and Family...
NEW DELHI: A lasting peace in West Asia will restore India’s growth momentum with the GDP likely growing at 6.6-6.8% in FY27 if crude prices settle at relatively lower levels and shipments through the Strait of Hormuz normalise, according to EY. “A gradual normalisation of global energy markets is...
NEW DELHI: India’s BRICS Chairship seeks to place the Global South at the centre of a secure, resilient, equitable, and sustainable global energy future. The global energy landscape is undergoing rapid transformation. Nations are striving to balance economic growth, energy security and sustainability, while building resilience against geopolitical uncertainties...
MUMBAI: HDFC Bank on Friday said an external legal review by two law firms— Wilson Sonsini Goodrich & Rosati and Wadia Ghandy & Co—into concerns raised by former chairman Atanu Chakraborty’s resignation letter found “no contemporaneous support” for his allegations in board or committee records, meeting materials or related...
NEW DELHI: India and the United States reviewed the progress on an interim bilateral trade agreement during the two-day ministerial meeting, discussing issues, including market access, digital trade and non-tariff barriers, but gave no indication that all differences were resolved ahead of a key tariff deadline next month. Commerce...
MUMBAI: Government bond yields declined on Wednesday as market participants drew comfort from Reserve Bank of India Governor Sanjay Malhotra’s comments that it was premature to discuss interest rate hikes. The fall in crude oil prices also aided, dealers said. The yield on the benchmark 10-year government bond fell...
MUMBAI: Regulated entities will be required to put in place a board-approved model risk management framework (MRMF) covering all models, including artificial intelligence and machine learning (AI/ML) models, the Reserve Bank of India’s (RBI’s) draft Guidance on Regulatory Principles for Model Risk Management, released on Wednesday, said. The proposed...
NEW DELHI: First-ever monthly Index of Services Production (ISP) measuring the output of the country’s services industry for 2025-26, including the index for April, will be released on July 14, the Ministry of Statistics and Programme Implementation (MoSPI) said on Wednesday. Conceived as the services-sector counterpart to the long-standing...