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NEW DELHI: Supplementing the efforts of the Indian government to achieve a net-zero emission target by 2070, as many as 51 per cent of the top-100 companies have started making disclosures on a voluntary basis about carbon emissions, says a PwC India survey. The survey further said that about...
NEW DELHI: The government is examining if foreign direct investment norms (FDI) for banking, insurance and defence can be further liberalised, after rules were relaxed for the space and satellite sectors recently. Officials said that although the bulk of the heavy lifting in terms of FDI reforms has been...
MUMBAI: Soon tech start-ups can start testing their services and products on a telecom network without getting into a bilateral deal with a specific operator. The telecom regulator has suggested that a start-up with interesting products and services that will benefit users at large can seek direct permission from...
WASHINGTON: During the annual Spring meetings of the IMF and the World Bank there was a widespread appreciation of the role played by India during its G-20 presidency in building consensus on a range of key global issues, a top Indian official has said. India hosted the G20 Summit...
CHENNAI: India is slowly becoming a convenient hub for travel between Southeast Asia and the Middle East as airlines prefer to transfer people by connecting through Indian cities, a top industry official said. There is huge growth in India and many domestic routes are used by airlines for connectivity,...
AHMEDABAD: Union Finance Minister Nirmala Sitharaman on Saturday said the Centre has tailored policies to make India an attractive destination for manufacturing and services, and the aim was to produce not just for the domestic market but for exports as well. She was responding to a query on American...
NEW DELHI: India’s net direct tax collections surged by a massive 17.7 per cent year-on-year to Rs 19.58 crore in the fiscal year ended March 2024, surpassing even revised estimates by a wide margin, the tax department said on Sunday. Net collections of income and corporate taxes, which make...
MUMBAI: Gems and jewellery exports declined by 12.17 per cent to Rs 2,65,187.95 crore (USD 32,022.08 million) during 2023-24, compared to the previous financial year due to high interest rates in the US and slow recovery in China, Gem and Jewellery Export Promotion Council (GJEPC) data showed. Gems and...
MUMBAI: The strong growth momentum gives the central bank the policy space to ‘unwaveringly focus’ on lowering inflation, Reserve Bank of India governor Shaktikanta Das said in the minutes of latest the monetary policy meeting, released on Friday. The prevailing geopolitical tensions and their impact on commodity prices and...
NEW DELHI: The Telecom Regulatory Authority of India’s (Trai’s) decision to begin consultations on opening up several 5G high-bands or millimetre wave (mmWave) spectrum will not compensate for the lack of 5G spectrum in mid bands and especially 6 gigahertz (GHz), telco officials believe. On April 4, Trai released...
NEW DELHI: The Centre may sell up to 10% stake in state-run General Insurance Corporation (GIC Re) in the current financial year, a senior official told FE. “GIC Re received a very good response in the roadshows held recently to apprise potential investors of the company’s unique position in...
MUMBAI: A month after raising over Rs 9,000 crore from TCS stake sale, Tata Sons has approached RBI seeking an exemption from a mandatory IPO. The holding company of the $150-billion salt-to-software Tata Group has informed RBI, in the fresh proposal, that it has reduced its debt significantly. Tata...
NEW DELHI: India’s exports of agricultural and processed food products fell marginally – 0.55% on year – to $ 24.02 billion during 2023-24, primarily because rice shipments plunged amid restrictions. However, in an year when overall goods exports of the country declined 3.1% on year, shipment of meat &...
NEW DELHI: Twenty energy companies have joined hands to form an alliance to create an open energy network, on lines of the united payment interface (UPI), to facilitate seamless payment and transaction interoperability within electric vehicle (EV) charging networks. The alliance—Unified Energy Interface (UEI)—includes member companies such as ChargeZone,...
NEW DELHI: India’s power transmission capex requirement will be over $500 billion by FY50, 30% of the overall energy transition capital outlay, Goldman Sachs estimates. “Power transmission is key to India’s energy transition and global new energy cost leadership ambitions. India’s large, highly integrated grid enables the utilisation of...
State-run Hindustan Petroleum Corp. Ltd (HPCL) plans to set up an international oil trading desk, a company official said. The company is currently in the process of finalizing the location. Hindustan Petroleum Corporation Limited (HPCL) is executing the Visakh Refinery Modernisation Project (VRMP) to modernize and enhance capacity …...
WASHINGTON: Despite a challenging global scenario, India’s economy has shown robust growth over the past year backed by sustained consumption and investment demand, a top Indian official told members of a World Bank committee here. The GDP growth estimate for the fiscal, which has been revised upwards from 7.3...
NEW DELHI: Shares of Nestle India continued to decline on Friday, ending the day over 1 per cent lower, amid reports that the global FMCG major sold infant milk products with more sugar content in less developed countries. The stock declined 3.53 per cent to Rs 2,375.75 during the...