NEW DELHI: Inflation in India has a high probability of shooting through the Reserve Bank of India’s targets in the second half of the financial year 2026-27, with a potential spike beyond the 6 per cent upper band, according to brokerage firm Prabhudas Lilladher. As El Nino combines with...
BENGALURU: Union Finance Minister Nirmala Sitharaman on Sunday said fluctuations in the rupee against the US dollar are driven by multiple global and domestic factors, including geopolitical uncertainties, foreign capital movements and India’s import dependence on crude oil, fertilisers and gold. She underlined that the Reserve Bank of India...
NEW DELHI: Exports and domestic manufacturing of India’s furniture sector will witness a major boost from the number of free trade agreements (FTAs) finalised by India in recent years, industry experts say. They said the duty concessions under these trade agreements would not only provide domestic players with preferential...
MUMBAI: Market intermediaries are likely to face a liquidity squeeze in the near term after the Reserve Bank of India’s (RBI) tighter lending norms come into effect from July 1. Industry estimates suggest the measures could impact market liquidity by ₹50,000-₹60,000 crore and significantly raise the impact cost for...
NEW DELHI: The Ministry of Labour and Employment is considering a new pension scheme that would allow workers to contribute any amount at any time towards their retirement savings. This marks a departure from existing pension products that require periodic contributions, according to people familiar with the matter. The...
NEW DELHI: India’s retail inflation rate in May accelerated to 3.93 per cent from 3.48 per cent in April, nearing the Reserve Bank of India’s (RBI’s) 4 per cent target, as food and transport costs edged higher, the data released by the National Statistics Office (NSO) on Friday showed....
NEW DELHI: The government has capped diesel sales to a vehicle in a day at 200 litres and restricted industrial, commercial, and institutional users from buying petrol and diesel from petrol pumps in a bid to prevent local shortages amid global supply disruption, according to an official order. Retail...
MUMBAI: Corporate bond issuances surged, with borrowers raising around ₹27,000 crore this week as a decline in bond yields lowered borrowing costs and encouraged issuers to tap the market. The issuance pipeline remains active, with Housing and Urban Development Corporation (HUDCO), Small Industries Development Bank of India (SIDBI), and...
NEW DELHI: The Centre has proposed a single regulatory framework for television and radio broadcasting services, extending the obligation of airing programmes on “themes of national importance and social relevance” from TV channels to private radio services. The draft Telecommunications (Television, Radio and Associated Services) Rules, 2026, made public...
After more than a decade, India is once again turning to its 35 million-strong diaspora for support. This time, banks are mounting a global campaign to attract more than $50 billion in deposits from overseas nationals as policymakers seek to bolster foreign exchange reserves and support a battered rupee....
NEW DELHI: GAIL (India) Ltd leads 63 Central public sector enterprises and four other organisations in spending more than one-fourth of the annual target of capital expenditure in first two months of the fiscal year 2026-27 (FY27), data from Department of Public Enterprises (DPE) showed. Overall target for capital...
NEW DELHI: The World Bank on Thursday raised its economic growth projection for India by 10 basis points (bps) to 6.6 per cent for the current financial year 2026-27 (FY27), citing resilient domestic demand. It also raised India’s gross domestic product (GDP) growth forecast for FY28 by 60 bps...
MUMBAI: Indian companies are rushing to raise ??short-term debt after the central bank’s measures to support the rupee triggered a sharp fall in borrowing costs, four merchant bankers said. Companies, led by non-banking financial firms, are raising more than 310 billion rupees ($3.24 billion) through up to five-year bonds...
MUMBAI: Indian lenders have sought clarity from the Reserve Bank of India (RBI) on whether domestic banks can leverage the foreign currency non-resident bank deposit scheme by extending loans to depositors through their overseas branches, bankers said. This follows the RBI’s decision to allow depositors to borrow from...
NEW DELHI: Centre has barred industrial, commercial and institutional users from purchasing petrol and diesel from retail fuel outlets, rather switch to bulk sellers. On Wednesday, the Ministry of Petroleum and Natural Gas issued the Motor Spirit and High Speed Diesel (Temporary Regulation of Supply through Retail Outlets) Order,...
NEW DELHI: India discussed expanding legal migration pathways for skilled workers and forging mutual recognition of qualifications with several advanced economies, including France, the UK and US, South Korea, and Canada, during the 114th Session of the International Labour Conference (ILC) in Geneva, the Ministry of Labour & Employment...
NEW DELHI: India must focus on moving surplus labour out of agriculture into industry, services, and other productive sectors in the medium- to long-term, create efficient markets for farmers, and gradually replace commodity-linked subsidies with direct income transfers if it wants to address the structural challenges facing the farm...
NEW DELHI: Government plans to raise the issue of the US decision to impose a 100% duty on patented drug imports from India, seeking tariff parity to safeguard the interests of domestic manufacturers. The matter is expected to figure during the trade negotiations with Washington, with New Delhi seeking...