Business
India-US Still Talking On Trade Deal, Team To Visit Washington Next Week
NEW DELHI: With the deadline for imposition of reciprocal tariffs by the US extended to August 1, Indian negotiators will be visiting Washington next week to continue the discussions on an interim trade deal and the subsequent first tranche of the Bilateral Trade Agreement (BTA), a senior official said...
Indian Companies Queue Up For Domestic Rare Earth Magnet Production
NEW DELHI: India is planning to establish its own rare earth magnet production within the next year or two, with support from automakers and parts manufacturers, along with the expected rollout of incentives by the Indian government, according to a Reuters report. The move to locally manufacture rare earth...
India Seeks To Impose $3.83 Billion Worth Extra Duties On US Steel, Aluminium
NEW DELHI: India has revised upwards the extent of retaliatory measures it might take against the US tariffs on imports of steel and aluminium even as both countries hold intense negotiations on a Bilateral Trade Agreement (BTA). In a notification to the World Trade Organisation (WTO) India has said...
RBI Closely Monitoring Global Crypto Moves As India Mulls Policy Paper
MUMBAI: The Reserve Bank of India (RBI) is keeping close watch on global cryptocurrency developments, governor Sanjay Malhotra told a parliamentary panel, people familiar with the matter told ET. Crypto has been resurgent since Donald Trump’s turnaround from sceptic to champion. Besides Trump’s own ventures in the sector, under...
CPSEs, Four Govt Entities’ Capex Up 25% In June
NEW DELHI: Capital spending by large central public sector enterprises (CPSEs) and four key government entities jumped 25% in June from a year before to ₹62,425 crore, lending crucial support to the economy when private investments are yet to see a broad-based rebound, said a senior official. With this,...
Retail Inflation Likely To Have Cooled Further On Food Prices In June
NEW DELHI: India’s consumer price index (CPI)-based retail inflation rate is likely to have cooled further in June, thus remaining below the 4 per cent target of the Reserve Bank of India (RBI) for a fifth consecutive month, giving the central bank wiggle room to focus on growth. Economists...
India’s Growth To Remain Resilient Despite Global Uncertainty: Temasek
MUMBAI: Despite the uncertain global backdrop, India’s growth is likely to remain resilient, driven by a growth in capex (capital expenditure), Singaporean fund Temasek said on Wednesday. “Growth will also be accelerated by the recovery in domestic consumption, and the rapid pace of production arising from supply chain reorientation.”...
Govt Unveils More Safeguards For Investors In Oil & Gas Sector
NEW DELHI: The ministry of petroleum and natural gas has introduced of an investor-friendly stabilisation clause in its recent draft Petroleum & Natural Gas Rules, 2025, under which holders of exploration and production rights will be be protected from adverse impacts of future legal or fiscal changes, such as...
Non-Banking Finance Companies’ Education Loan Growth To Halve On US Headwinds
MUMBAI: For non-banking finance companies, education loans have been the fastest-growing asset class, clocking over 50% growth in the assets under management over the past few years. However, that frenetic pace of growth is set to halve this fiscal as disbursements for pursuing education in the US decelerate following...
Indian Banks’ Systemic Deposit Growth Gain Momentum But NIM Likely To Dip 30 Basis Points (YoY): Report
NEW DELHI: The Indian banking sector is witnessing a steady pickup in deposit growth, but banks are likely to report a decline in their net interest margins (NIM) in the first quarter of FY26, according to a report by Phillip Capital. The report noted that systemic deposit growth is...
India Inc Sitting On Rs 5.09 Trillion Cash, Shies Away From Fresh Investments
MUMBAI: India Inc entered Q1FY26 on a cautious note, holding back on large investments despite strong profits and rising cash reserves. A report by Mint highlights that in FY25, India Inc continued to hoard cash instead of putting it into new investments. While profits improved and balance sheets stayed...
Trump Says US ‘Very Close’ To A Trade Deal With India
President Donald Trump announced Monday evening that the United States is on the verge of concluding a trade pact with India as the deadline for America’s April 2 ‘reciporal tariffs’ was extended to August 1. “We’ve finalised agreements with the United Kingdom and China, and we’re very close to...
OMCs Likely To Report Strong Q1 On Improved Marketing Margins
NEW DELHI: State-owned oil marketing companies (OMCs) are expected to report a strong beginning to the financial year 2025-26 driven by robust marketing margins in the first quarter of FY26, as per analysts. According to Emkay Global Financial Services, petrol marketing margins of OMCs grew 28% QoQ to Rs...
Debt Securitisation Volume Rises Marginally To Rs 49,000 Crore In Q1 FY26
MUMBAI: Debt securitisation volumes have inched up to Rs 49,000 crore during April-June 2025 as compared to Rs 45,000 crore recorded in the year-ago period, a report said on Monday. The total number of originators in these securitisations, wherein a lender hands over future receivables on a single or...
SEBI Mulls Easing Norms On Mutual Funds’ Business Activities
MUMBAI: The Securities & Exchange Board of India (SEBI) on Monday proposed to ease the broad-basing requirement for asset management companies (AMCs) and permit them to serve pooled non-broad-based funds subject to strong governance and regulatory controls. Currently, Regulation 24(b) of the MF Regulations permits an AMC to provide...
Negotiations On With Multiple Countries For Finalising Bilateral Investment Treaties: Govt
NEW DELHI: India is actively negotiating bilateral investment treaties (BITs) with over a dozen countries, including Saudi Arabia, Qatar, Israel, Oman, European Union, Switzerland, Russia and Australia, a Government official said. Besides these nations, talks are underway with Tajikistan, Cambodia, Uruguay, Maldives, Switzerland and Kuwait. These investment treaties help...
FinMin Directs Public Sector Banks To Evaluate Board Performance
NEW DELHI: The finance ministry has directed public sector banks (PSBs) to undertake a third-party evaluation of their boards’ performance, in the wake of instances of misgovernance at the helm of a few lenders that also raise questions about the scrutiny exercised by their boards, a senior government official...
Consumption Booster From GST Slabs Rejig Planned
NEW DELHI: The Goods and Services Tax Council (GST) may meet in August to discuss the much-anticipated restructuring of tax rates and slabs, amid heightened expectation of the exercise leading to a consumption booster, with a reduction in aggregate tax incidence. “Since there is not much time left before...
