Business
Expect Pause In Next Policy Meeting, RBI Already Frontloaded Rate Cuts: CareEdge
NEW DELHI: The RBI has already frontloaded the rate cuts, anticipating the moderation in inflation, and it is unlikely the central bank would go for further rate cuts unless economic growth concerns aggravate, CareEdge said in a pre-monetary policy review meeting. While the US reciprocal tariff rate (25 per...
Fitch Cuts India’s GDP Growth Projections To 6.3%; Sees Limited Impact Of US Tariffs On Corporates
NEW DELHI: Fitch Ratings on Friday cut India’s GDP projections for the current fiscal to 6.3 per cent and said it expects a limited direct impact of higher US tariffs on Indian corporates. In its Global Economic Outlook in April, Fitch had estimated India’s GDP growth at 6.4 per...
Manufacturing Sector Growth Hits 16-Month High In July
MUMBAI: India’s manufacturing sector growth strengthened in July to a 16-month high of 59.1, supported by faster increases in new orders and output amid favourable demand conditions, a monthly survey said on Friday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose from 58.4 in June to...
Poll Predicts ‘Pause’ By RBI, No Change In Stance
MUMBAI: Almost 90% of economists and market participants believe that the Monetary Policy Committee (MPC) will press the ‘pause’ button in the upcoming policy meeting between August 4 and August 6, according to FE. In addition, all the 16 people polled believe that there will be no change in...
SEBI Seeks To Widen Strategic Investors In REITs And InVITs
MUMBAI: The Securities and Exchanges Board of India (SEBI), in a bid to widen the investor base of real estate trusts (REITs) and infrastructure trusts (InvITs) and improve inflows, has proposed to allow foreign investors and qualified investor buyers (QIBs) as strategic investors. The concept of ‘strategic investors’ was...
India May Increase LNG, Crude Imports From Us To Ease Trade Pressure
NEW DELHI: As Washington tightens its stance through high tariffs and a penalty on imports from India, the country could seek to leverage the situation by offering trade arrangements such as long-term LNG contracts, increased crude oil imports, and joint ventures in solar and other renewable sources of energy...
US Tariff Could Shave 20-30 Bps Off India’s Growth This Fiscal, Say Economists
MUMBAI: The higher-than-anticipated 25% tariff on Indian exports to the US is a 20-30 bps downside risk to the growth forecast this fiscal unless the ongoing trade talks bring it down, say economists. On Wednesday night, US President Donald Trump unexpectedly announced a 25% flat tariff on Indian goods...
Bring OTT Communication Services Under Regulatory Framework: COAI
NEW DELHI: Industry body COAI on Thursday made a strong pitch for over-the-top communication services to be brought under the regulatory framework, saying the segment has vulnerabilities and “largely escape regulatory oversight”. In the statement titled ‘Strengthening India’s digital frontiers’, COAI noted that it is crucial for law enforcement...
Bank Credit Growth To Industry Slows To 5.5% In June: RBI Data
MUMBAI: The bank credit growth to industry slowed to 5.5 per cent in the fortnight ended June 26 compared to 7.7 per cent in the year-ago period, according to data released by the Reserve Bank on Thursday. On a year-on-year (y-o-y) basis, non-food bank credit grew by 10.2 per...
SEBI Proposes Big Changes In IPO Framework
MUMBAI: The Securities and Exchanges Board of India (Sebi) on Thursday floated a consultation paper proposing changes to the structure of large initial public offerings (IPOs), including increasing the allocation limit for institutional buyers and reducing the share of retail investors. The regulator sought feedback on changes on anchor...
India Projected To Grow 6.4 Per Cent In FY26, Says IMF
NEW YORK: India is projected to grow at 6.4 per cent in fiscal year 2025 and 2026, and the country’s stable growth is driven by a reform momentum supporting robust consumption growth and a push for public investment, the International Monetary Fund has said. The IMF released its World...
Tax, Rate Cuts To Help India Grow 6.5 Per Cent In FY26: PwC
NEW DELHI: India’s economic growth will likely be around 6.5% in 2025-26, aided by a lower interest rate regime, income tax cuts and a likely improvement in urban demand, PwC India experts said on Wednesday. With retail inflation likely to remain at below the Reserve Bank of India (RBI)’s...
US Sanctions Six Indian Firms Over Iran Oil Trade, $220 Million In Deals Under Scrutiny
The US government has imposed sanctions on six Indian companies accused of importing and marketing Iranian petroleum and petrochemical products. The sanctions, announced by the US Department of State on Wednesday, are part of a larger global move targeting 20 entities involved in Iran’s oil trade. “These companies have...
AHFC Loans To Increase To ₹2.5 Lakh Crore By FY28-End: Icra
MUMBAI: Domestic rating agency Icra on Wednesday said affordable housing finance companies’ (AHFC) assets under management are set to rise to Rs 2.5 lakh crore, from Rs 1.4 lakh crore, in the next three years. It said non-bank lenders’ mortgage portfolio is set to touch Rs 20 lakh crore...
Trump Slams India’s Tariffs, Hints At 20-25% Tariff Deal
NEW DELHI: Days before a self-imposed deadline on potential trade tariffs, former US President Donald Trump repeated his dissatisfaction with India’s trade policies, while still calling the current negotiations promising for the United States. “India has been a good friend. But India has charged basically more tariffs than almost...
RBI Caps Investment By Banks, Others In AIF Schemes At 10 Per Cent
MUMBAI: The Reserve Bank of India (RBI), which has been frowning upon the mushrooming of alternative investment funds (AIFs) for quite sometime, has tightened the overall regulations by capping the investments by banks, non-banks and all-India financial institutions at 10% of the corpus of any such scheme. The new...
IMF Raises India’s FY26 Growth Forecast To 6.4 Per Cent
NEW DELHI: The International Monetary Fund (IMF) on Tuesday raised India’s gross domestic product (GDP) growth forecast by 0.2 percentage point to 6.4%, citing improved external environment. In its July World Economic Outlook Update, the multilateral agency also revised upward India’s GDP growth estimate by 0.1 percentage point to...
GAIL Line Up Rs 12,000 Crore Capex For FY27 As Gas Prices Ease
NEW DELHI: State-owned Gail India is expecting global natural gas prices to soften going forward, aiding its growth, and has charted out a capex plan of Rs 12,000 crore for the financial year 2026-27. “This is actually not a normal situation in which we are experiencing that Henry Hub...
