Business
Joining RCEP Would Hurt India More Than FTA With China: GTRI
NEW DELHI: While many like Niti Aayog Chief Executive officer, Word Bank and some economists have renewed the call for India joining the Regional Comprehensive Economic Partnership (RCEP), the new report said potential loss for the country from such a move would be more than what it could be...
Tatas To Buy Stake In Apple Partner Pegatron’s India Business
NEW DELHI: Tata group will buy into the India operations of Apple’s manufacturing partner Pegatron almost a year after acquiring the business of another supplier Wistron. The deal will make the company one of the biggest contract suppliers to the American electronics giant, along with Taiwanese giant Foxconn. Tata...
FPIs Continue Selloff With Rs 22K Crore Withdrawal In November
NEW DELHI: Foreign investors have pulled out Rs 22,420 crore from the Indian equity market so far this month, owing to high domestic stock valuations, increasing allocations to China, and the rising US dollar as well as Treasury yields. With this sell-off, Foreign Portfolio Investors (FPIs) have recorded a...
India’s Smartphone Exports Surpasses $2 Billion Mark In October, Sets New Record
NEW DELHI: India’s smartphone exports have set a new benchmark, surging past the $2 billion mark in October — the highest monthly total ever recorded. This milestone, according to estimates from the Indian Cellular and Electronics Association (ICEA), an industry body representing both global and domestic mobile device manufacturers,...
Dubai-Based Siblings To Transfer Jiohotstar.Com Domain To Reliance Free Of Cost
NEW DELHI: Dubai-based siblings Jainam and Jivika, the owners of jiohotstar.com domain, have decided to transfer it to Reliance “free of cost”, resting speculations on social media platforms. The story of the internet domain name, which grabbed a lot of attention on social media platforms in the recent past,...
Municipal Corporations Need To Impose Adequate User Charges To Provide Better Facilities: RBI Report
NEW DELHI: Municipal corporations need to impose adequate user charges for essential services like water supply and sanitation, to boost non-tax revenues and provide quality public services, according to a Reserve Bank of India (RBI) report. The ‘Report on Municipal Finances’ delves into the fiscal position of 232 municipal...
Enforce Odd-Even Rule To Encourage People To Shift To Natural Gas Or EV: IBA
NEW DELHI: Indian Biogas Association has suggested enforcement of the odd-even rule for four wheelers in Delhi NCR to check air pollution and encourage people to shift to electric vehicles or those based on compressed biogas (CBG) or natural gas. Under the Graded Response Action Plan (GRAP) 4 (with...
CNG Retailers Want Price Hike, Government Wants To See Cost
NEW DELHI: City gas companies like Indraprastha Gas Ltd and Adani Total Gas Ltd are mulling an increase in CNG prices after supplies of cheaper input gas was cut for the second time in a month, but the government officials say the retailers must give a cost breakup to...
Retail Tomato Prices Drop 22.4 Per Cent On Improved Supplies: Government
NEW DELHI: Retail tomato prices declined 22.4 per cent month-on-month on improved supplies across the country, the Consumer Affairs Ministry said on Sunday. The all-India average retail price of tomatoes stood at Rs 52.35 per kg on November 14, down from Rs 67.50 per kg on October 14, according...
Indian Economy In ‘Sweet Spot,’ Predicts 2024 Growth Of 7.2%, Says Moody’s
NEW DELHI: The Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation, Moody’s Ratings said in its latest global macro outlook published on Friday. The rating agency has projected 7.2 per cent growth for India for 2024. It is followed by 6.6...
After Rs 1.2 Lakh Crore FII Outflow, CLSA Shifts Focus Back To India From China
MUMBAI: Brokerage firm CLSA has decided to reverse its earlier move from India to China, citing growing concerns over China’s economy and investor sentiment. This change comes after Rs 1.2 lakh crore in foreign institutional investor (FII) outflows from India in recent months, which has affected the Indian market....
Railways Floats Rs 20,000-Crore RFP For Camera In Coaches
MUMBAI: In a move aimed at making train travel safer, Indian Railways has floated a request for proposal (RFP) to install closed circuit television (CCTV) surveillance cameras in coaches. According to industry sources, the initial value of the project will be Rs 15,000 to Rs 20,000 crore for installation...
Imports For Top Electronics Companies Dip On Rising Local Tide
KOLKATA: The thrust on ‘Make in India’ and component localisation has led to a decline in imports by major electronic firms such as Samsung, Apple, Whirlpool, Dixon and Havells – possibly for the first time ever. The combined import value of eight electronics firms, that also include LG Electronics,...
India Inc Capex Slows Down Marginally To Rs 9.4 Trillion In FY24: Care Ratings
The aggregate private capex in the financial year 2024 (FY24) slowed down marginally to Rs 9.4 trillion as compared to Rs 9.5 trillion in FY23, a study conducted by Care Ratings on the annual statements of 1,074 listed non-financial companies showed. The top five sectors in which private capex...
All Indian Firms Plan To Boost Investments In GenAI: NTT Study
A recent study by NTT DATA reveals that Indian organisations are planning to increase investments in generative artificial intelligence (GenAI). This shift marks a transition from initial experimentation to a focus on long-term use cases aimed at enhancing business performance, compliance and safety. Globally, 99% of organisations surveyed indicated...
PSBs Bet On Corporate Loan Book Expansion, Infra Loans
MUMBAI: Large public sector banks, such as State Bank of India, Punjab National Bank, Canara Bank and others are looking at expanding their corporate loan books, especially in sectors such as infrastructure, energy and others. For example, State Bank of India’s corporate loan book grew by 18.35% year-on-year in...
NITI Aayog’s WEP Partners With Urban Company To Empower Women
NEW DELHI: NITI Aayog’s Women Entrepreneurship Platform (WEP) has partnered with Urban Company to empower women salon and beauty parlour owners, an official statement said on Friday. According to the statement, WEP, under its award-to-reward initiative, launched the pilot to support women MSMEs to scale up their businesses in...
Centre Urges States To Fill 663 Vacant Posts In Consumer Forums
NEW DELHI: The Union government on Friday directed states to accelerate the appointment process for 663 vacant positions across state and district consumer commissions, expressing concern over mounting vacancies that threaten to undermine consumer rights protection. Consumer Affairs Secretary Nidhi Khare, who reviewed the situation with state government officials,...
