Business
India A ‘Bright Spot’ Amid Global Uncertainty, Says CEA Nageswaran
NEW DELHI: India remains a rare “bright spot” in a world facing growing uncertainty, said Chief Economic Advisor (CEA) V Anantha Nageswaran, pointing to the country’s steady economic performance despite ongoing global challenges. Talking to PTI, the CEA said that while conflicts and disruptions have been part of the...
Credit Growth Likely To See Turnaround From September Quarter
MUMBAI: The worst for bank credit growth, which hit a three-year low of 8.97% in May, could soon be over, said bankers and analysts. They added that things could start turning around after the September quarter. There are multiple reasons why things are beginning to look up. “There is...
Advance Tax Growth Sluggish At 3.6 Per Cent In Q1
NEW DELHI: The Centre’s advance direct tax collections for the first quarter of 2025-26 from companies, LLPs and individuals rose by a modest 3.6% on year compared with a robust 27% growth seen in the year-ago quarter, as personal income tax relief announced in the budget and high corporate...
India’s Largest Gati Shakti Multi-Modal Cargo Terminal Inaugurated In Gurugram
GURUGRAM: Haryana has achieved a historic milestone in the field of logistics and industrial infrastructure. Chief Minister Nayab Singh Saini, along with Union Minister for Railways, Information and Broadcasting, and Electronics and Information Technology Ashwini Vaishnaw, inaugurated the country’s largest automobile Gati Shakti Multi-Modal Cargo Terminal at Maruti Suzuki...
India Oil Demand To Grow By One Million Barrels Per Day By 2030: IEA
NEW DELHI: India, the world’s third-largest oil-consuming and importing nation, will lead global oil demand growth by a large margin, adding a steep 1 million barrels per day by 2030 on the back of stellar economic expansion, IEA said on Tuesday. The global oil demand is expected to grow...
NBFCs Bank On Surplus Liquidity For Credit Push
CHENNAI: The business environment is set to turn favourable for non-banking financial companies (NBFCs), thanks to two recent developments. The Reserve Bank of India’s (RBI) sharper-than-expected 50 basis point rate cut and the earlier easing of risk weight norms on unsecured lending — both expected to improve liquidity and...
India’s Exports Share Growth Among Fastest Over 2010-23
NEW DELHI: India’s export trajectory from 2010 to 2023 has shown a consistent and steady upward trend, reflecting the resilience and dynamism of its trade sector, an official said on Tuesday. Citing an UNCTAD report, the official said that over the 2010 to 2023 period, India has been one...
WPI Inflation Dips To 14-Month Low Of 0.39 Per Cent In May On Easing Food, Fuel Prices
NEW DELHI: Inflation measured by the Wholesale Price Index (WPI) fell to a 14-month low of 0.39 per cent for the month of May 2025 from 0.85 per cent in April, data released by the Ministry of Commerce and Industry showed on Monday. This is the third consecutive month...
Exports Dip 2.17% To $38.73 Billion In May, Trade Deficit At $21.88 Billion
NEW DELHI: After registering a positive growth for two months, India’s exports slipped into negative territory again, contracting 2.17 per cent year-on-year to $38.73 billion in May due to a fall in global petroleum prices, while trade deficit narrowed at $21.88 billion during the month. According to government data...
SEBI Board Meeting Likely To Offer Raft Of Relaxations
MUMBAI: The market regulator Securities and Exchange Board (Sebi) is likely to clear a raft of reforms/relaxations for market participants at the board meeting this Wednesday. This is the second board meeting under the chairmanship of Tuhin Kanta Pandey, who took charge on February 28 and is steading the...
No New Tariffs After Bilateral Trade Agreement: India Wants US Assurance
NEW DELHI: India wants an assurance from the US that no additional tariffs will be imposed by the Donald Trump administration once the bilateral trade agreement (BTA) is finalised, said people familiar with the matter. The deal is in the final stages of negotiation and both sides are hopeful...
As EU’s Green Trade Rules Kick In, India Works Policy Shifts
NEW DELHI: While India and the European Union (EU) are ready to close a key trade pact, various Indian ministries are working on several rulebook shifts to align with a slew of new, stricter ‘green’ regulations by the EU that will come into effect within a year and are...
India Moves To Conserve Its Rare Earths, Seeks Halt To Japan Exports, Sources Say
NEW DELHI: India has asked state-run miner IREL to suspend a 13-year-old agreement on rare earth exports to Japan and to safeguard supplies for domestic needs, two sources familiar with the matter told Reuters, aiming to reduce India’s dependence on China. IREL also wants to develop India’s capacity for...
Energy Prices Surge, India Faces Oil Supply Challenge
NEW DELHI: Crude oil prices jumped sharply on Friday, with Brent hovering around $78 a barrel before cooling a bit, posing a challenge to India’s energy supplies and a potential price shock. India imports as much as 88% of its crude oil requirements — much of it through the...
Iran-Israel Conflict Stalls Market Recovery As Sensex, Nifty Fall Again
NEW DELHI: India’s equity market is facing heightened selling pressure as geopolitical tensions in the Middle East escalated following an Israeli attack on Iranian soil. The strike and its ripple effects, including rising crude oil prices and global market volatility, have stalled the recovery seen in Indian equities since...
Domestic Chartered Accountant Firms Seek Norm Relief In Big Four Push
NEW DELHI: Domestic chartered accountant (CA) firms are seeking relaxation of existing norms even as the government works toward Prime Minister Narendra Modi’s vision of creating India’s own “Big Four” advisory firms. The firms have raised concerns over current regulations under the Chartered Accountants Act, 1949, and the Code...
RBI’s Loan-To-Value Limit Hike For Gold Loans To Support NBFCs
MUMBAI: The increase in the loan-to-value (LTV) ceiling provided in the final directions on gold loans by the Reserve Bank of India (RBI) will support the growth of non-banking financial companies (NBFCs) offering gold loans, according to a Crisil Ratings report released today. The benefit will still be applicable...
Finance Ministry Nudges Large CPSEs, Key Agencies To Boost Capex
NEW DELHI: The finance ministry is nudging large central public sector enterprises (CPSEs) and key government agencies to boost their capital expenditure (capex) in this financial year, said a senior official, amid scepticism over a broad-based rebound in private investments given the global turmoil. The move comes on top...
