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NEW DELHI: The government should create a centralised coordination authority between Centre and state governments for social protection of the gig and platform workers in the country, a study released on Wednesday said. ‘Efficiently designing a social protection system that aligns with the needs of platform workers and the...
With India setting ambitious ₹171.79 lakh crore GDP goals by 2030, sustaining robust macro growth momentum becomes vital. While high headline numbers seem reassuring, most retail investors need help to participate directly in the India opportunity story. Analysing the right tactical avenues allowing channelling portfolio allocations to benefit from...
ISLAMABAD/WASHINGTON: The IMF has reached a staff-level agreement with cash-strapped Pakistan on the final review of a USD 3 billion bailout, paving the way for the release of the last USD 1.1 billion tranche from the lender. The agreement is subject to the approval of the IMF’s Executive Board,...
NEW DELHI: India has emerged as the world’s third largest startup ecosystem with over 1.25 lakh startups and 110 unicorns, and is charting a roadmap for becoming a developed nation with right decisions taken at the right time, Prime Minister Narendra Modi said on Wednesday. Speaking at the Startup...
MUMBAI: With retail inflation gaining momentum in February, the monetary policy must remain in a risk-minimising mode to guide the trajectory towards the 4 per cent target, stated the Reserve Bank of India’s State of the Economy report. It also underscored an upward trend in per capita income, citing...
NEW DELHI: To lure private risk capital into highway construction, the government has revised the concession terms for build operate transfer (BOT) projects. Liberal construction support, facility to borrow from non-bank lenders and enhanced compensation if the tariff projections are built into the revised model concession agreement (MCA). The...
MUMBAI: India can sustain 8 per cent annual GDP growth and the conducive macroeconomic configuration may become a launching pad for a step-up in the country’s growth trajectory, said an article on the ‘State of Economy’ in the central bank’s March Bulletin published on Tuesday. Over the period 2021-24,...
NEW DELHI: The country’s merchandise exports are expected to reach $450 billion by the end of this fiscal despite geo-political challenges like the Red Sea crisis, newly elected president of apex exporters body FIEO Ashwani Kumar said on Tuesday. He said that the need of the hour is to...
NEW DELHI: Apple is pulling out all stops in a bid to reach a double-digit smartphone market share in India as soon as possible, from around 7% now. The iPhone maker has expanded its reach by onboarding thousands of authorised resellers in recent times across the country, along with...
NEW DELHI: To speed up the debt recovery process, the Finance Ministry has set up a panel to suggest amendments to the SARFAESI and DRT Acts, including a provision for granting legal sanctity to e-notices to debtors, sources said. The committee headed by an Additional Secretary held several meetings,...
MUMBAI: Food price pressures is an obstacle in swifter fall in retail inflation to the Reserve Bank’s target of 4 per cent, said an article on the ‘State of Economy’ in the central bank’s March Bulletin published on Tuesday. Retail inflation based on Consumer Price Index (CPI) is on...
NEW DELHI: Pharma major Dr Reddy’s Laboratories Ltd on Tuesday announced the launch of its cancer treatment drug Versavo in the United Kingdom. Versavo is a biosimilar of Avastin, a registered trademark of Roche, and is indicated for the treatment of several types of cancers, including metastatic colorectal cancer,...
INGOLSTADT: German automaker Audi plans to roll out over 20 new models by the end of 2025 across markets, Audi AG CEO Gernot Dollner said on Tuesday. The company also plans to electrify all core segments by 2027. The automaker has also lined up a capex of EUR 41...
TOKYO: Japan’s central bank raised its benchmark interest rate Tuesday for the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy. The Bank of Japan’s lending rate for overnight borrowing by banks was raised to a range of 0 to 0.1%...
NEW DELHI: Telecom carriers have called on the regulator to ensure that any testing of tech products and use cases requiring interactions with mobile users on a live communications network must happen strictly within the ambit of current sector regulations, and be subject to lawful interception and subscriber verification...
Apple is in talks to build Google’s Gemini artificial intelligence engine into the iPhone, according to people familiar with the situation, setting the stage for a blockbuster agreement that would shake up the AI industry. The two companies are in active negotiations to let Apple license Gemini, Google’s set...
NEW DELHI: The insurance sector has received close to Rs 54,000 crore as foreign direct investment (FDI) in the last 9 years on the back of further liberalisation of overseas capital flow norms by the government, Financial Services Secretary Vivek Joshi has said. The government increased the permissible FDI...
NEW DELHI: Expenditure by state governments on asset creation may have risen more than a third on year in the first ten months of the current financial year, compared with a 7% rise in the year-ago period. A review of the finances of 18 large states by FE showed...