Business
Railways Records 1.68 Per Cent Growth In 2024-25
NEW DELHI: The Indian Railways registered a 1.68 per cent growth in originating freight loading to 1,617.38 million tonnes in the 2024-25 fiscal against 1,590.68 million tonnes in 2023-24, the rail ministry said on Tuesday. “Loading for domestic coal registered a growth of 7.4 per cent whereas domestic containers...
India To Grow At 6.5 Per Cent In Fy26: EY Report
NEW DELHI: The Indian economy is likely to grow at 6.5 per cent in the fiscal year starting April 1, EY Economy Watch said, emphasising that a well-calibrated fiscal strategy that supports human capital development while maintaining fiscal prudence could significantly enhance long-term growth prospects. The March edition of...
Direct Benefit Transfers 16% Lower At Rs 5.8 Lakh Crore In FY25
NEW DELHI: The Centre’s transfer of assorted subsidies and sops to the beneficiaries through the direct benefit transfer (DBT) fell by 16% year-on-year to approximately ₹5.8 lakh crore in FY25, reflecting reduced leakages and a slower pace of implementation in certain schemes.DBT transfers had reached a record ₹7.16 lakh...
FTA, BIT Likely To Figure In FM’s UK Engagements
NEW DELHI: Finance Minister Nirmala Sitharaman will visit the UK for a three-day trip starting April 8, where issues related to the Free Trade Agreement (FTA) and Bilateral Investment Treaty (BIT) are expected to be discussed during the scheduled meetings. The Finance Minister’s key engagement in the UK will...
M&E Deal Activity To Gain Pace In FY26
NEW DELHI: After a season of big deals in FY25, media and entertainment (M&E) companies are likely to focus their attention on filling up small, but crucial gaps in their portfolio through mergers and acquisitions in FY26. Segments such as content creation, artificial intelligence (AI), gaming and sports could...
India’s External Debt Rises To $717.9 Billion
NEW DELHI: India’s external debt increased by 10.7 per cent to $ 717.9 billion at the end of December 2024 from $ 648.7 billion in December 2023, as per the data released by the finance ministry. On a quarter-on-quarter basis, there is a 0.7 per cent increase in external...
Cabinet Okays Rs 23,000 Crore PLI Scheme For Electronics Component Manufacturing
NEW DELHI: The Union Cabinet on Friday approved a ₹22,919 crore scheme to promote domestic manufacturing of electronics components, display and camera modules, non-surface mount devices, multi-layer printed circuit boards, lithium-ion cells for digital applications, among others. The government expects production of ₹4.56 trillion with an investment of ₹59,350...
India Looks To Offer US Tariff Cuts On Farm Imports, Eyes Trade Success
NEW DELHI: India has offered tariff cuts on imports of US farm products like almonds and cranberries as a further concession to the United States, two government sources said, hoping to avert President Donald Trump’s reciprocal tariffs set for next week. Unlike China, Canada and the European Union, India...
India’s Current Account Deficit Widens To 1.1% Of GDP In Q3 FY25
MUMBAI: India’s current account deficit (CAD) rose marginally to $11.5 billion, or 1.1 per cent of gross domestic product (GDP), during the October-December 2024 quarter of the ongoing financial year (Q3FY25) from $10.4 billion, or 1.1 per cent of GDP, a year ago, amid a rise in service exports....
Banking Liquidity Hits Three-Month Low Of Rs 13,000 Crore
MUMBAI: The liquidity deficit in the banking system fell to Rs 13,000 crore on Thursday, its lowest since December 16. Experts say the worst of the liquidity deficit may be over and expect it to turn surplus in the first quarter. The Reserve Bank of India (RBI) conducted a...
Core Sector Growth Slows To 5-Month Low In February; Crude, Natural Gas Output Slips
NEW DELHI: India’s core sector output slowed to a five-month low of 2.9% in February from 5.1% in January, as growth across most infrastructure sectors moderated, according to official data released Friday. The growth was 7.1% a year earlier and experts cited base effect for the slowdown last month....
AI Express Plans More Virtual Interline Partnerships With Foreign Low-Cost Carriers
GURUGRAM: Air India Express plans to have more virtual interline partnerships with foreign low-cost carriers and to deepen its network. The Tata Group-owned airline aims to carry 30 million passengers in 2025-26, higher than 20 million passengers in the current financial year ending March 2025, according to its Managing...
Stock Markets Trade Lower On Weak Global Trends Amid US Tariff Jitters
MUMBAI: Benchmark indices declined in early trade on Friday mirroring weak trends in the global markets amid uncertainties over Trump tariffs. The 30-share BSE benchmark Sensex declined 144.66 points to 77,461.77 in early trade. The NSE Nifty dipped 38.7 points to 23,553.25. From the Sensex pack, Mahindra & Mahindra,...
SEBI Proposes To Limit Expiry Days Of Equity Derivatives
MUMBAI: The Securities and Exchange Board of India (SEBI) on Thursday proposed that expiries of equity derivatives contracts of an exchange should happen either on Tuesday or Thursday. In addition, it has also proposed that exchanges seek its approval before launching or modifying any contract expiry or settlement day....
Equity, Debt Fundraising By Indian Corporates At All-Time High In FY25
MUMBAI: Fund raising by Indian corporates through equity and debt reached all-time highs in financial year 2024-25, according to primedatabase.com, a prominent database provider on the primary capital market. Public equity fundraising surged to an all-time high of Rs 3,71,460 crore, reflecting a 92 percent increase from Rs 1,90,104...
India’s E-Retail Market Set To Reach $190 Billion GMV By 2030: Bain Report
MUMBAI: India’s e-retail market is projected to triple to $170–$190 billion in gross merchandise value (GMV) by 2030, owing to an expanding shopper base and newer business models, according to a report by Bain & Company and Flipkart. The report highlighted India’s position as the world’s second-largest e-retail shopper...
RBI To Double Foreign Investor Cap In Listed Firms To 10% To Boost Inflows
NEW DELHI: India’s central bank is set to double to 10 per cent a cap on investment by individual foreign investors in listed companies, as it aims to boost capital inflows, according to two senior government officials and documents reviewed by Reuters. Foreign portfolio investors (FPIs), pressured by poor...
Refiners Seek Alternatives To Venezuelan Oil Post US Tariff
NEW DELHI: Indian refiners are now stuck with a problem after the US imposed 25% tariffs on countries buying crude oil from Venezuela, forcing them to look for alternative oil sources. While oil imports from the south American country to India have not been conventionally high, these shipments increased...
