Business
India Inc Does Risk Assessment, Extends Full Support To Armed Forces
MUMBAI: India’s top corporate leaders scrambled to assess operational risks and business continuity after the Indian armed forces launched strikes on terror camps across the border in Pakistan, fuelling fears of further escalation. Senior executives at several top companies convened emergency meetings to evaluate exposure and prepare for possible...
Bank Spread Narrows To 10-Year Low Of 2.71% In March: CareEdge
NEW DELHI: The spread between the outstanding weighted average lending rate and the weighted average domestic term deposit rate for banks continued to tighten, narrowing by 5 basis points (bps) month-on-month (M-o-M) in March to a 10-year low of 2.71 per cent, CareEdge Ratings said in its research report....
Services Sector Growth Improves In April, Helped By New Orders: PMI
NEW DELHI: India’s services sector “regained momentum” in April after slowing down in March as demand expanded and companies reported a faster expansion in employment, said a private survey on Tuesday. The HSBC India services purchasing managers’ index (PMI), compiled by S&P Global, rose to 58.7 in April from...
India, UK Seal Free Trade Deal; Pm Modi Calls It ‘Historic Milestone’
NEW DELHI: After nearly three and a half years of intense negotiations, India and the United Kingdom (UK) on Tuesday announced the conclusion of talks for a free trade agreement (FTA) that will boost strategic and economic ties between the fifth- and sixth-largest economies in an era of geopolitical...
SEBI Proposes Easier Delisting Rules For Low-Float PSUs With 90% Govt Stake
MUMBAI: The Securities and Exchange Board of India (Sebi) on Tuesday proposed a separate carve-out for voluntary delisting of public sector undertakings (PSUs) where the government holding is over 90 per cent. Such PSUs may be allowed to be delisted without the requirement of complying with the minimum public...
India Leads In AI Trust, But Concerns Remain: KPMG Study
As many as 76% of Indians express confidence in AI technologies, according to KPMG’s latest study, The Trust, Attitudes and Use of Artificial Intelligence: A Global Study 2025. Conducted in collaboration with the Melbourne Business School, the study is the most comprehensive global analysis of public trust and attitudes...
Private Sector Capex Yet To Do The Heavy-Lifting: NSO Survey
NEW DELHI: Capital expenditure is fundamental to increasing production and is a catalyst for accelerated economic growth. The government’s first-ever survey on the private sector’s investment intentions underscores the cautious approach taken by the non-government enterprises in investing. Private corporate sector enterprises are likely to see a 25.5% drop...
S&P Cuts India’s FY26 GDP Growth Estimate To 6.3% Amid Uncertainty Over US Tariff
NEW DELHI: S&P Global Ratings on Friday cut India’s growth projections by 0.2 percentage points to 6.3 per cent for the current fiscal year citing uncertainty over the US tariff policy and downside risks from its spillover to the economy. In its report titled “Global Macro Update: Seismic Shift...
Manufacturing PMI Hits 10-Month High In April
NEW DELHI: The growth momentum in the Indian manufacturing sector improved in April, with output increasing at the fastest pace since June 2024, on the back of another strong expansion in order books, a monthly survey said on Friday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI)...
India’s Creator Economy To Influence Over $1 Trillion In Spend By 2030: BCG
MUMBAI: With the WAVES 2025 setting a new trend in the economic and entertainment Capital of the country, two reputed international agency – BCG and E&Y – have reported that India’s creator economy is rapidly transforming the digital landscape with a massive growth up to USD one trillion. The...
RBI Releases Report On Market Timings; Suggests Extending Call Hours
MUMBAI: A working group of the Reserve Bank of India (RBI), set up to review trading and settlement timings, has recommended extended trading hours for the call money market. This move will provide flexibility to banks for managing their balance sheets, while suggesting to retain the current trading hours...
After LNG, Government May Hike Fertiliser Imports From US
NEW DELHI: After LNG, govt is exploring the possibility of increasing fertiliser imports from the US as it seeks to address US President Donald Trump’s concerns over the trade balance being in India’s favour. The move will also help India reduce its dependence on countries, such as China and...
‘Meaningful’ Trade Deal With India Under Works: EU
NEW DELHI: India and the European Union (EU) are working to deliver a commercially meaningful trade deal that will open up markets for goods and services to businesses from both sides, commissioner for trade and economic security of European Commission Maros Sefcovic said Thursday. “In today’s uncertain times, our...
Private Sector A Trusted Partner In Development: FM
NEW DELHI: Union Minister of Finance and Corporate Affairs Nirmala Sitharaman said on Thursday that regulatory systems should not only safeguard good governance but also enable enterprise, encourage formalisation, and build trust in the system and that the government sees the private sector as a trusted partner in development....
India’s GDP To Grow Between 6.5-6.7% In FY26: Deloitte
NEW DELHI: Deloitte on Thursday projected economic growth at 6.5-6.7 per cent for the current fiscal, as tax incentives provided in the Budget are expected to push domestic demand amid an uncertain global trade environment. Deloitte estimated India’s GDP growth at 6.3-6.5 per cent for FY25 and said that...
GST Mop-Up Rises 12.6% To Highest-Ever At Rs 2.37 Lakh Crore In April
NEW DELHI: Gross goods and services tax (GST) collections grew 12.6% on year to Rs 2.37 lakh crore in April (March transactions). This is the highest ever monthly mop-up, reflecting in part steady goods shipments from factories, but also the usual spurt in receipts at the end of a...
Railways Studying Global Tech For Operations & Services Revamp
NEW DELHI: The Indian Railways is evaluating globally available technologies for an end-to-end overhaul of operations and services, officials said. The exercise is expected to be completed in this financial year, after which a call on adopting the new technologies for the national transporter will be taken, they said....
India, UK Making Last-Ditch Effort To Conclude FTA Talks
NEW DELHI: Commerce and industry minister Piyush Goyal may travel to London again later this week before he returns to India from the ongoing three-nation foreign tour, to iron out a few irritants in the free trade agreement (FTA) with the UK, according to sources. The minister might formally...
