MUMBAI: The Securities and Exchange Board of India (Sebi) is exploring a pilot project to introduce the use of distributed ledger technology (DLT) for the tokenisation of corporate bonds, Chairperson Tuhin Kanta Pandey said on Tuesday. Speaking on the sidelines of the CareEdge Debt Market Summit, Pandey said, “Once...
NEW DELHI: The new Index of Industrial Production (IIP) series, which shifts the base year from 2011–12 to 2022–23 and is scheduled for release on June 1, will, for the first time, track rare earths and minor minerals, piped natural gas (PNG), and water supply, sewerage and waste management....
NEW DELHI: A series of hikes in petrol and diesel prices at the retail level has triggered concerns over rising inflation, with economists estimating an addition of around 30 basis points to the near-term outlook. However, they are yet to revise their inflation outlooks for the full financial year;...
NEW DELHI: India’s rapidly rising electricity demand and renewable energy expansion are expected to drive a ₹9-trillion transmission and grid infrastructure investment cycle over the next few years, with transformers, substations, switchgear and high-voltage direct current (HVDC) systems emerging as major beneficiaries. The transmission push comes as India’s peak...
MUMBAI: The Reserve Bank of India (RBI) has formed an eight-member panel to study issues related to quantum technology and recommend a roadmap and framework to quantum-secure the Indian financial system. Anil Prabhakar, professor, Department of Electrical Engineering, IIT Madras, will be the convenor of the panel and the...
NEW DELHI: Indian Railways Finance Corporation Ltd (IRFC) announced its highest-ever performance during FY26 after making a historic Rs 13,527 crore refinancing arrangement for the Hyderabad Metro Rail Project. IRFC termed the move towards greater diversification within its infrastructure financing business from the traditional railway industry. IRFC recorded its...
BENGALURU: The US government’s decision that foreign nationals seeking lawful permanent residence should generally apply from outside the country through consular processing rather than adjusting status within the country can add a fresh layer of uncertainty. This could come as a setback to thousands of Indian engineers who have...
NEW DELHI: India’s push to make coal-fired power plants operate flexibly to balance rising renewable energy generation is running into mounting cost, technical and operational hurdles, with senior government officials flagging retrofit expenditure, higher operating costs and tariff implications even as battery storage increasingly emerges as a stronger grid-balancing...
NEW DELHI: The central board of the Reserve Bank of India (RBI) on Friday approved the transfer of a record Rs 2.87 lakh crore to the Centre as surplus — or dividend — for 2025-26. But it would have been much lower had the board not reduced a key...
NEW DELHI: Countries including Israel, Egypt and Kenya have approached the Delhi Metro Rail Corporation (DMRC) for possible collaboration in metro projects, with the corporation now looking to expand its international presence through a dedicated overseas arm as it seeks additional revenue to modernise ageing infrastructure in the national...
NEW DELHI: The labour ministry has begun consultations with industry bodies on migrant worker welfare, focusing on housing, portability of benefits, and registration systems, according to people aware of the matter. In a meeting held on May 19, participants discussed housing access and portability of welfare benefits for migrant...
MUMBAI: The Central Board of Directors of the Reserve Bank of India (RBI) on Friday decided to transfer a surplus of ₹2.87 trillion for 2025-26 (FY26) — surpassing FY25’s record — to the Centre as income rose and balance sheet expanded. The central bank, however, decided to lower risk...
MUMBAI: Net foreign direct investment (FDI) into India rose sharply to $7.65 billion in the 2025-26 financial year, according to Reserve Bank of India (RBI) data, with March marking the second consecutive month of positive net inflows at $1.57 billion. Net FDI stood at $959 million in 2024-25. “During...
NEW DELHI: India has blocked China’s request for establishment of a panel to adjudicate the dispute it has brought before the World Trade Organisation (WTO) against Production Linked Incentive Scheme (PLI) for solar modules and duties charged on IT products. The dispute was initiated on December 19 last year...
NEW DELHI: Former Deputy Chairman of the Planning Commission of India Montek Singh Ahluwalia on Friday endorsed a policy of allowing the rupee to depreciate against the dollar in line with the market conditions, cautioning that attempts to artificially keep the currency up could weaken the economy further. He...
NEW DELHI: India’s aggressive ethanol capacity expansion is set to significantly outpace demand despite the government’s push towards E85 fuel and flex-fuel vehicles, with installed production capacity expected to touch nearly 2,400 crore litres by FY27 against current fuel demand of only around 1,100 crore litres under the E20...
NEW DELHI: India’s rapidly expanding renewable energy capacity is beginning to outpace transmission infrastructure, forcing nearly 300 gigawatt-hours (GWh) of clean power curtailment in the first quarter of 2026 due to grid bottlenecks and causing an estimated monetary loss of ₹75-90 crore, according to a report by global energy...
MUMBAI: Lenders are sharpening their focus on corporate credit in emerging industries, with renewable energy emerging as the biggest growth driver. The push comes at a time when transition goals are accelerating demand for clean energy financing. In addition, the rising energy security concerns have risen due to the...