Business
Government Approved 806 Applications Under PLI Schemes For 14 Sectors So Far
NEW DELHI: The government on Tuesday said as many as 806 applications have been approved under the Production Linked Incentive (PLI) schemes across 14 sectors as on date. The schemes for 14 key sectors including telecom, electronics, pharma, textiles and auto were announced with an outlay of Rs 1.97...
Mid- And Small-Cap Schemes Continue To Gain Traction
MUMBAI: Investors continue to prefer small-and-mid-cap schemes over large caps despite concerns over higher valuations. In the first six months of 2025, these schemes recorded a combined inflow of Rs 46,645 crore – more than three times than that of large caps’ Rs 14,025 crore. Out of this, small-cap...
Indian Cities Need $2.4 Trillion For Climate Infrastructure By 2050: World Bank
NEW DELHI: India requires investments of over $2.4 trillion by 2050 to meet the need for new, resilient, and low-carbon infrastructure and services in cities, the World Bank said in a report on Tuesday. The private sector’s role will be critical in meeting these investments, the multilateral bank said...
US Antidumping Investigation Threatens Indian Solar Module Exports
NEW DELHI: The latest antidumping duty investigation petitioned by the Alliance for American Solar Manufacturing and Trade on solar module imports from India, Indonesia and Laos, could potentially hurt Indian solar exports, analysts say. This comes following the imposition of antidumping duties on four southeast Asian countries (Cambodia, Malaysia,...
India-UK Free Trade Agreement To Be Signed On July 24
NEW DELHI: Commerce and Industry Minister Piyush Goyal will accompany Prime Minister Narendra Modi to London for the signing of the Free Trade Agreement (FTA) on July 24, an official said Monday. Modi will be on a two day visit from July 23 to July 24 on the invitation...
US Team To Visit India In August Second Half For Bilateral Trade Talks
NEW DELHI: A US team will visit India in the second half of August to carry forward the protracted negotiations for the first tranche of the bilateral trade agreement (BTA) between the two countries, official sources said here on Monday. Even as the visit of US negotiators for the...
RBI Seeks To Tighten Norms For Digital Banking
MUMBAI: In a move that could deal a setback to the cross-selling of financial products, the Reserve Bank of India (RBI) has proposed prohibiting banks from displaying third-party products and services on their digital banking platforms. This includes offerings from promoter groups or entities within the bank’s own group....
Official India Jobless Data Is Not Accurate, Say Top Independent Economists: Poll
NEW DELHI: The Indian government’s unemployment data is inaccurate and masks the severity of joblessness and underemployment, according to a Reuters poll of independent economists, several of whom said the true jobless rate is around twice the official figure. India is the world’s fastest-growing major economy at an annual...
Low-Cost Credit Cards For Micro Enterprises On The Cards
NEW DELHI: The government is preparing a scheme under which banks will issue credit cards with a Rs 5 lakh limit to micro enterprises to help them meet immediate working capital needs at affordable interest rates. The scheme will include credit guarantee cover, a first for such a product....
Early Birds Fail To Catch The Worm; Margin Squeeze, Other Income Save The Blushes
MUMBAI: Reliance Industries put up a stellar show in the June quarter but the rest of the early birds — 156 companies have declared their results so far — turned in a rather ordinary performance. Operating margins were under pressure and it is the ‘other income’ that has boosted...
FPO Scheme Takes Big Strides, 340 Units Cross Rs 10-Crore Sales
NEW DELHI: Of over 10,000 farmer producer organisations (FPO) set up under a special incentive scheme launched in FY21, over 340 have grown to report annual sales turnover of over Rs 10 crore, among nearly 1,100 that have business in excess of Rs 1 crore, according to data gathered...
Government Keeps Tabs On Capex As Private Investment Lags
NEW DELHI: Govt is keeping a close watch on capex as private investment remains weak, some of which may be on account of the global uncertainty induced by the US President Donald Trump’s tariff regime. During April-May, Centre’s capital expenditure has been higher with ministries and departments spending 20%...
HDFC Duo’s Merger Still Looms Over Industry’s Credit Growth
MUMBAI: The merger of HDFC and HDFC Bank in FY24, which slowed down bank credit growth in FY25, continues to remain a drag on overall lending, pulling industry credit growth into single digits in Q1FY26. The combined entity’s loan growth fell from 15-17% before the merger to 5.4% in...
PMO Seeks Wider Consultations For Rare Earth Magnet Incentive Scheme
NEW DELHI: The Prime Minister’s Office (PMO) has asked the ministry of heavy industry (MHI) to hold further consultations with industry stakeholders before rolling out a Rs 1,350 crore incentive scheme aimed at promoting domestic manufacturing of heavy rare earth magnets. Official sources said that though the PMO has...
NITI Aayog Pushes For Softer Investment Rules For Chinese Companies
NEW DELHI: NITI Aayog, the Indian government’s top think tank, has proposed easing rules that de facto require extra scrutiny for investments by Chinese companies, arguing that the rules have meant delays for some sizable deals, Money Control reported quoting government sources. Currently, all investments by Chinese entities in...
Fertiliser Subsidy May Overshoot Budget Estimates As Dap Costs Spiral
NEW DELHI: The government’s fertiliser subsidy bill for FY26 could see a rise from the budget estimates (BE) of Rs 1.67 lakh crore, owing to a steep 23% rise in global prices of Di-Ammonia Phosphate (DAP) since the beginning of April. Sources told FE that in addition to budgetary...
India’s Crude Import Bill Down 19% In April-June
NEW DELHI: India’s crude import bill declined by 18.6% during the first three months of financial year 2025-26, reaching $30.6 billion compared to $37.6 billion in the same period of FY24, according to data from the Petroleum Planning and Analysis Cell. The decline in the import bill can be...
Government Tells State-Run Banks To Start Up Lending Game
NEW DELHI: The government has asked public sector banks (PSBs) to step up lending to startups. They have been asked to collaborate with educational institutions and incubation centres to identify and monitor early-stage startups to establish formal banking linkages, said people familiar with the development. “These issues were a...
