Business
Internal Panel To Review All Regulations, Says SEBI Chief
MUMBAI: Securities and Exchange Board of India (Sebi) chairman Tuhin Kanta Pandey will set up an internal panel to review current regulations and weed out those that have lost relevance. The exercise would be similar to the one carried out by the Income Tax department while drafting the Direct...
Government Unlikely To Ease Checks On Investments From China
NEW DELHI: Government is unlikely to ease investment checks on Chinese companies amid growing calls to review FDI norms as it remains wary of flows from across the border. US President Donald Trump’s tariffs have made it even more alert to the growing threat of Chinese companies and their...
Women Own 39.2 Per Cent Of Bank Accounts In India: Report
NEW DELHI: Women own 39.2 per cent of bank accounts in the country and the proportion is even higher at 42.2 per cent in rural areas, according to a government report. The Statistics and Programme Implementation Ministry (MoSPI) released the 26th edition of its publication titled “Women and Men...
India To Face Some Adverse Tariff Effects: Kaushik Basu
NEW DELHI: Former World Bank Chief Economist Kaushik Basu on Sunday described the reciprocal tariffs imposed on approximately 60 countries by the Trump administration as baffling, saying that while these tariffs will have some adverse effects on India, the major impact will be felt in the US. Basu further...
‘One State-One RRB’ Plan In Pipeline: Finance Ministry
NEW DELHI: The finance ministry will soon implement the ‘One State-One RRB’ plan to achieve operational efficiency and cost rationalisation and consolidation of 43 regional rural banks (RRBs) to 28. Most of the work related to the issue of consolidation have been completed and the fourth round would happen...
FPIs Pulled Out Rs 10,355 Crore From Equities In Last 4 Trading Sessions On US Tariffs
NEW DELHI: Foreign investors withdrew Rs 10,355 crore from the country’s equity markets in the last four trading sessions this month due to sweeping tariffs imposed by the US on most nations, including India. The outflow occurred after a net investment of Rs 30,927 crore in the six trading...
India, Sri Lanka Ink Major Defence Pact Following Talks Between PM Modi And President Dissanayake
COLOMBO: For the first time, India and Sri Lanka on Saturday inked an ambitious defence cooperation pact with Prime Minister Narendra Modi outlining a broader roadmap for deeper bilateral cooperation, asserting that security of both nations is interlinked and dependent on each other. The defence pact is among seven...
India Ranks Tenth With $1.4 Billion Private Investment In Artificial Intelligence: UN Report
UNITED NATIONS: “India and China are the only developing countries in the world with significant private investments in Artificial Intelligence (AI) in 2023,” according to a United Nations (UN) report. India ranks tenth. The 2025 Technology and Innovation Report, issued by UN Trade and Development (UNCTAD), also states that...
Cabinet Approves Four Rail Projects In Three States Worth Rs 18,658 Crore
NEW DELHI: The Union Cabinet Committee on Economic Affairs (CCEA) has approved four railway projects across Maharashtra, Odisha, and Chhattisgarh worth ₹18,658 crore, Railways and Information and Broadcasting Minister Ashwini Vaishnaw said on Friday. These multi-tracking projects will add 1,247 kilometres to the existing Indian Railways track network, with...
India’s Services PMI Declines Marginally To 58.5 In March
NEW DELHI: India’s service providers recorded a loss of growth momentum in March with HSBC India Services Business Activity Index, or services PMI for the month falling to 58.5 from 59.0 in February, but was higher than a preliminary estimate that showed a fall to 57.7. However, it was...
Banks Park Record Rs 4.13 Trillion With RBI In Standing Deposit Facility
MUMBAI: As the banking system liquidity moves into surplus and with limited credit offtake at the start of the financial year 2025-26 (FY26), commercial banks on Thursday parked ₹4.13 trillion with the Reserve Bank of India (RBI) under the Standing Deposit Facility (SDF). This marked the highest amount banks...
Exporters Urge Government To Expedite Deal With US
NEW DELHI: Exporters on Friday urged the government to fast-track negotiations on the proposed Bilateral Trade Agreement (BTA) with the US, as Washington’s reciprocal tariffs have begun impacting orders. They also raised concerns over a potential surge in dumped Chinese goods. Exporters sought government support to limit the tariff...
CSIR-NAL, Pioneer Clean AMPS Ink Tech Licence Pact
NEW DELHI: In a boost for indigenous manufacturing activities, CSIR-National Aerospace Laboratories (CSIR-NAL) and Pioneer Clean AMPS Pvt Ltd on Friday entered into a technology licence agreement for the two-seater trainer aircraft Hansa-3 (NG). Council of Scientific & Industrial Research (CSIR)-National Aerospace Laboratories (NAL) has designed the trainer plane....
PM Modi Proposes Linking UPI With Payment Systems Of BIMSTEC Nations
BANGKOK: Seeking to impart fresh impetus to the BIMSTEC grouping, Prime Minister Narendra Modi on Friday proposed linking India’s UPI with the payment systems of the member nations, a move that could boost trade, business and tourism within the region. Addressing the sixth BIMSTEC Summit here, the Prime Minister...
Trump Tariffs Shock Governments, Investors Across World
FRANKFURT: United States President Donald Trump’s sweeping new tariffs on American imports shocked governments and investors around the world, swiftly spurring both threats of retaliation and calls for negotiation as industries scrambled and global stocks tumbled. China accused the US of “bullying” and the European Union promised “robust” countermeasures,...
Exporters Start Talks With Buyers On US Tariffs
With the US announcing 26 per cent additional import duties on Indian goods from April 9, domestic exporters on Friday said they have started talks with their American buyers on ways to absorb these heavy taxes. According to them, communications between the Indian suppliers and American buyers have already...
LIC Rejects US Trade Representative’s Report
NEW DELHI: Life Insurance Corporation of India (LIC) on Friday said it has been operating in a competitive market for 25 years and has not received any special treatment from the government, as it rejected US Trade Representative’s report. “We firmly believe the USTR’s views are based on an...
Mixed Bag For India As US President Donald Trump Unleashes Tariff War
NEW DELHI: US President Donald Trump on Thursday unveiled his promise of reciprocal tariffs on trading partners, stressing this was a kinder reciprocity as it amounted to only half of the levies US goods faced. This included a 27 per cent additional tariff imposed on imports from India as...
