NEW DELHI: S&P Global on Wednesday projected India’s economy to expand 6.6 per cent in FY27, citing rising energy costs, slower global growth and the likelihood of a below-normal monsoon as key risks to economic activity. In its latest Asia-Pacific Economic Outlook, the ratings agency said India’s real GDP...
NEW DELHI: When the government laid out its debt consolidation roadmap in the FY26 Budget, it attached an important caveat. Starting FY27, the Centre said it would aim to bring its debt down to around 50 per cent of GDP over five years, provided there were no “major macro-economic...
NEW DELHI: The World Trade Organization’s dispute settlement body on Tuesday agreed to set up a panel in a case filed by China against India over its measures for the solar cells, modules, and IT goods, an official said. China has alleged that India’s tariffs and incentive measures discriminate...
NEW DELHI: Businesses have expressed near-universal confidence in the goods and services tax (GST) nine years after its rollout, but they want GST authorities across states to adopt a more uniform approach while examining returns and compliance records, according to Deloitte India’s GST@9 survey released on Tuesday. The survey,...
MUMBAI: Despite the absence of a specific law prohibiting goods linked to forced labour across supply chains, Indian manufacturers ranging from textiles and apparel to auto components, processed foods and steel have put in place stringent frameworks, including multi-layered compliance mechanisms, traceability systems, documentation protocols and adherence to global...
MUMBAI: Indian banks are converging on a four-pillar cybersecurity framework comprising code and identity concealment, AI-driven threat detection, micro-segmentation, and zero-trust architecture as they prepare defences against frontier AI models capable of autonomously identifying software vulnerabilities, sources aware of the lenders’ action plans told ET. In such plans submitted...
NEW DELHI: Prospects of delayed kharif crop sowing and adverse impact on crop yield are looming large, as the southwest monsoon lost momentum after its onset earlier this month. Farmers in the rainfed regions of central India—especially Maharashtra (-82%), Jharkhand (-69%), Chhattisgarh (-67%), Madhya Pradesh (-48%) and Odisha (-47%)—are...
NEW DELHI: Merely getting a licence from the Department of Telecom (DoT) to provide satellite communication services will no longer be enough, companies will need security clearance even after assignment of spectrum to roll out their services, according to draft rules issued by the government. Satellite companies will get...
NEW DELHI: India and the United States will hold ministerial-level talks this week to give final shape to the first phase of the proposed bilateral trade agreement, with US Trade Representative Jamieson Greer set to meet Commerce and Industry Minister Piyush Goyal in New Delhi. “For the US trade...
NEW DELHI: Amid the West Asia conflict, goods exports rose nearly 15% during the first two-and-a-half months of the current financial year, sustaining the momentum seen during April. “Even now, if we see April, May and 14 days of June. I have data until June 14, it (exports growth)...
NEW DELHI: Domestic automakers Maruti Suzuki, Mahindra & Mahindra and Tata Motors Passenger Vehicles are looking to tap opportunities in the electric car segment in the UK, as India’s free trade pact with the country will allow duty-free exports for specified price segments under a quota system. As per...
MUMBAI: Billionaire Mukesh Ambani on Friday unveiled a sweeping roadmap for Reliance Industries Ltd’s next phase of growth spanning artificial intelligence, satellite broadband, clean energy and consumer businesses, as its digital unit Jio Platforms filed draft papers for what could become India’s largest-ever initial public offering. Jio Platforms, the...
MUMBAI: Fears of inflation going out of control due to the West Asia conflict (which officially ended on Friday) and the impact on food prices because of the forecast of deficit monsoons have kept RBI’s monetary policy committee (MPC) members on a “wait and watch mode” at the June...
MUMBAI: The Securities and Exchange Board of India (Sebi) on Friday approved the re-introduction of open-market buybacks through stock exchanges, alignment of securitised debt instrument norms with the Reserve Bank of India’s (RBI) securitisation framework, easing of intraday borrowing rules for mutual funds, and faster approvals for alternative investment...
NEW DELHI: The India-UK free trade agreement will deepen ties far beyond trade and technology, creating new opportunities for businesses and people in both countries, Foreign Secretary Vikram Misri said on Thursday after Prime Minister Narendra Modi and UK Prime Minister Keir Starmer announced July 15 as the date...
NEW DELHI: India is set to approve incentives for setting up lithium and nickel processing units as it seeks to build domestic refining capacity and reduce dependence on overseas processors. The proposed scheme, which is close to securing approvals, will offer production-linked incentives and waive import duties on capital...
NEW DELHI: Advance tax collection in the first instalment of FY27 grew 15 per cent to ₹1.79 lakh crore, data from the Income Tax Department, released on Thursday showed. It is much higher than the 4 per cent growth of the first instalment in FY26, but lower than the...
MUMBAI: The rupee’s trajectory indicates a reversal amid a decline in crude oil prices with the United States (US) and Iran having reached an initial agreement to end the war, before finalising a peace deal in 60 days. The Reserve Bank of India (RBI) seems to be seizing this...