NEW DELHI: Uzbekistan is courting Indian pharmaceutical, nutraceutical and biotechnology companies as it seeks to transform itself into a manufacturing and export hub for the Commonwealth of Independent States (CIS) region, Uzbekistan Health Minister Abdulla Azizov said during an interaction in India. Uzbekistan has set an ambitious target of...
NEW DELHI: India’s global capability centres (GCCs) are increasingly hiring AI and engineering talent through contract and project-based models, driven by rising demand for specialised skills and faster deployment, as companies move away from traditional workforce expansion towards flexible, outcome-focused teams. Industry executives say the shift has become more...
NEW DELHI: The Union Cabinet on Wednesday approved a one-time price stabilisation fund of ₹10,000 crore to help Indian airlines manage soaring aviation turbine fuel (ATF) prices amid the ongoing West Asia conflict. The support will be provided to oil-marketing companies (OMCs) in the form of interest-free advances through...
NEW DELHI: The United States (US) has proposed an additional 12.5 per cent tariff on India and 53 other countries, citing their alleged failure to stop imports made with forced labour in third countries, even as officials from India and the US tried to finalise an interim trade deal....
The Organisation for Economic Co-operation and Development (OECD) on Wednesday raised its growth forecast for India by 20 basis points to 6.3 per cent for the current financial year (FY27). However, it flagged that energy price shocks amid the conflict in West Asia are weighing on economic activity and...
NEW DELHI: India is preparing to roll out new measures aimed at attracting more foreign money into the country, with key decisions likely to be taken as early as this week. According to Bloomberg, citing people familiar with the matter, the Union Cabinet is expected to discuss a major...
NEW DELHI: India’s services sector expanded at its fastest pace in six months in May. The HSBC India Services PMI rising to 59.8 from 58.8 in April amid stronger demand and higher new business inflows. The HSBC India Composite PMI Output Index, which tracks both manufacturing and services activity,...
NEW DELHI: The government plans to phase out the Wholesale Price Index (WPI) over the next five years and introduce a more comprehensive Producer Price Index (PPI) covering output, input and services prices, saying the move will provide a more accurate measure of inflation trends in the economy. Speaking...
NEW DELHI: Crisil in a report, highlighted that the rise in petrol and diesel fares is likely to add fresh inflationary pressures to India’s economy as increased transport and manufacturing costs are expected to feed through to consumer prices in the months to come. Petrol and diesel prices have...
NEW DELHI: The government is set to soon constitute the proposed High-Level Committee on Banking for Viksit Bharat, with the aim of receiving its report within three to four months and initiating a new phase of comprehensive banking sector reforms. Sources said the terms of reference for the committee...
NEW DELHI: India’s domestic content requirement for solar cells is set to increase rooftop solar system costs by up to Rs 30,000 for households. Industry experts weigh the impact on consumers, project economics, and the country’s expanding solar manufacturing capacity. Households planning to install rooftop solar systems may have...
MUMBAI/CHENNAI: Just as the microfinance sector appears to be emerging from a prolonged asset-quality stress cycle, a weaker monsoon forecast threatens to create fresh challenges. With the India Meteorological Department (IMD) downgrading its southwest monsoon forecast to “below normal” — potentially the weakest in 11 years — concerns are...
NEW DELHI: India’s industrial production expanded at a slower pace of 4.9 per cent in April due to tepid growth in the energy sector amid the West Asia crisis, according to official data released on Monday. This is the first data released after the revision of the base year...
NEW DELHI: The central government has slashed its total expenditure by around ₹60,000 crore in FY26, below its revised estimate (RE) for the financial year, to meet the fiscal deficit target of 4.4 per cent of gross domestic product (GDP), according to the latest Controller General of Accounts (CGA)...
BENGALURU: India’s spending on public cloud services is expected to rise 28.1% to USD 17.5 billion in 2026 from USD 13.7 billion in 2025, driven by growing demand for artificial intelligence (AI)-ready infrastructure, application modernisation and digital transformation, according to Gartner. The research and advisory firm said organisations across...
NEW DELHI: In an effort to continue its pragmatic engagement with Myanmar and with an eye on the growing Chinese influence in that country, Prime Minister Narendra Modi held talks with visiting Myanmar President U Min Aung Hlaing here on Monday. The two sides agreed to increase bilateral trade...
MUMBAI: The Securities and Exchange Board of India (SEBI) on Monday proposed allowing road-focused Infrastructure Investment Trusts (InvITs) to add back debt-funded major maintenance expenses while calculating cash available for distribution to investors for ease of doing business. Under the proposal, payments made towards major maintenance of road projects,...
NEW DELHI: The chief negotiators of the US and India will begin four-day talks here on Monday on finalising the details of the interim trade pact, whose framework was agreed upon in February. The US team will be led by its chief negotiator Brendan Lynch. India’s chief negotiator is...