Business
India Needs To Invest $1.5 Trillion By 2030 For Climate Action At Scale: Deloitte
NEW DELHI: India would require around $1.5 trillion investment by 2030 across key areas to address the climate challenge at scale, according to Deloitte India’s latest report. The report titled ‘The climate response: Tapping into India’s climate and energy transition opportunity’ highlights that investments will be driven by India’s...
Regulatory Push Sends Q-Comm Platforms Into Food Safety Talent Crunch
BENGALURU: A regulatory push from the food safety authority is driving up compliance costs for quick commerce platforms, as they scramble to hire certified food safety professionals amid a widening talent gap. The Food Safety and Standards Authority of India (FSSAI) recently mandated that all food handlers in dark...
India, UK Likely To Sign Free Trade Agreement Next Week
NEW DELHI: India and the UK are likely to sign their Free Trade Agreement (FTA) next week, as the legal teams from both sides have nearly got the formal text of the pact ready. The conclusion of FTA negotiations between India and the UK was announced on May 6....
China’s Informal Trade Restrictions Threaten India’s $32 Bn Smartphone Export Target, Warns Industry Body
NEW DELHI: India’s electronics industry has raised the alarm over informal trade restrictions by China, saying this could dent the country’s competitiveness and threaten the $32 billion smartphone exports target for this fiscal year. In a recent letter to the government, the industry said China’s actions are solely aimed...
RBI May Go For Another 25 Basis Points Rate Cut In August, Repo Rate To Come Down At 5.25%: Report
MUMBAI: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) may go for another cut in the policy rate of 25 basis points (bps) in the upcoming August policy meeting, bringing it down to 5.25 per cent, according to a report by ICICI Bank. The report...
Share Of Small Firms In CPSE Purchases Crosses 42 Per Cent
NEW DELHI: The Central Public Sector Enterprises (CPSEs)’ procurement from micro and small enterprises (MSEs) continues to rise steadily, with these entities accounting for 42.2% of the CPSE’s total purchases so far in 2025-26 compared with 35% achieved in the whole of 2024-25. These figures are well above the...
RBI Governor Signals There’s Room For Rate Cut As Inflation Drops
MUMBAI: RBI governor Sanjay Malhotra said the central bank may consider cutting rates if both inflation and growth continue to soften, indicating that inflation could fall below the full-year forecast of 3.7 per cent. The monetary policy committee’s neutral stance, he said, provides room to respond as conditions evolve....
PMO Greenlights GST Revamp; All Eyes On Council
NEW DELHI: The Prime Minister’s Office has given in-principle go-ahead for a significant recast of the goods and services tax (GST) framework, setting the stage for the first major overhaul of the levy rolled out eight years ago, people familiar with the development said. A proposal in this regard...
Trade Deficit Narrows To 4-Month Low Of $18.8-Billion In June, Exports Flat
NEW DELHI: India’s merchandise trade deficit fell to a four-month low of $18.78 billion in June, as subdued oil imports brought down overall inward shipments by 3.7% on year to $ 53.92 billion while exports were flat at $ 35.14 billion. Exports have been either flat or negative in...
Unemployment Rate In India Remains Unchanged At 5.6% In June
NEW DELHI: The unemployment rate in the country remained flat at 5.6 per cent in June compared to May this year, according to the government data released on Tuesday. In April this year, the Ministry of Statistics & Programme Implementation released the first monthly Periodic Labour Force Survey (PLFS)...
Capex Loan Release Faster This Year, States Get Rs 30,000 Crore
NEW DELHI: The Centre’s 50-year interest-free loans for capital expenditure by states more than doubled on year to around Rs 30,000 crore so far in the current financial year, a senior government official said. The total sanctions stood at Rs 40,000 crore last week as against the budget estimate...
India Inc Cash Reserves Double As Balance Sheets Get Leaner
MUMBAI: As many as 303 companies turned debt-free in FY25, doubling the cash on their books, in a sign that India Inc remains reluctant to make substantial new investments. The cash on the books of these companies touched Rs 50,463 crore, up from Rs 21,478 crore in FY24. Their...
Energy Majors Make Haste As Civil Nuclear Laws Set To Let Corporate Play
NEW DELHI: Just as the country is set to make the policy and legislative framework conducive for private play in civil nuclear energy, many Indian companies – state-run and private– have set their eyes on the sector. State-run NTPC, an early mover, is already in talks with three American...
SEBI Opens Doors For AMCs To Attract Foreign Funds
MUMBAI: The Securities and Exchange Board of India’s (Sebi) proposal to remove restrictions on mutual fund business expansion under Regulation 24, implemented in 2011, is being seen as a positive development by the industry. Industry participants believe the move will, over time, help attract greater foreign capital. Swarup Anand...
India Should Avoid Rushing For Trade Pact With US, Warn Experts
NEW DELHI: India should avoid rushing into a trade deal with the US that compromises core sectors like agriculture, experts on Sunday said, cautioning that Washington is not sparing even its key partners like the EU. The US has shot off letters to 24 countries and the European Union...
Government, RBI Weigh Options On NBFC Entry Into Banking
NEW DELHI: The government and the Reserve Bank of India are looking at the entry of new banks and merge some of the existing public sector banks to create a financial system that can encourage risk-taking ability to support the pace of growth in a country that is slated...
US, India In Talks On Trade Deal That May Cut Tariff Below 20%
NEW DELHI: The US is working toward an interim trade deal with India that may reduce its proposed tariffs to below 20%, people familiar with the matter said, putting the South Asian nation in a favorable position against its peers in the region. India doesn’t expect to receive a...
Swiss Ratifies India-EFTA Mega Deal, Rollout In October
NEW DELHI: Switzerland has completed the ratification process of the trade agreement signed between India and four-nation European Free Trade Association (EFTA) in March last year. The ratification clears the way for implementation of the Trade and Economic Partnership Agreement (TEPA) between India and EFTA, which includes Switzerland, Liechtenstein,...
