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NEW DELHI: At a time of high joblessness, stagnant real rural income and slackness in consumption demand, the pensioners are facing the problem of higher rejections in the settlement of their employees’ provident fund (EPF) claims. The higher rate of rejection of claims by the EPF organisation (EPFO) is...
NEW DELHI: Vietnam’s electric car maker VinFast Auto on Monday said India’s new electric vehicle policy that provides import duty concessions for companies setting up manufacturing units in the country with a minimum investment of USD 500 million will allow it to introduce a wide variety of eco-friendly premium-quality...
MUMBAI: Indian IT sector’s revenue growth is expected to come at a tepid 3-5 per cent in FY25, a domestic rating agency said on Monday. The sector’s hiring will “remain muted” in the near-term until the growth momentum picks up, Icra Ratings said. However, the companies’ profitability is expected...
KOLKATA: Air India Express, a subsidiary of Air India, is all set to begin non-stop flights to Imphal and Kochi from Kolkata this April, an airline official said. “The flights to Imphal will operate daily, while those to Kochi will fly six days a week,” he said. The flight...
NEW DELHI: Leading FMCG maker P&G India on Monday announced the appointment of Kumar Venkatasubramanian as CEO, with effect from May 1, 2024. The current CEO, L V Vaidyanathan will leave the company to pursue personal interests after 28 years of service, a statement from P&G India said. Kumar...
NEW DELHI: Under International Competitive Bidding (ICB), Bharat Heavy Electricals Limited (BHEL) has bagged an order from NTPC Ltd. for setting up the 2×800 MW Singrauli Supercritical Thermal Power Plant (STPP) Stage-III on Engineering, Procurement & Construction (EPC) basis. The plant will be set up adjacent to the existing...
In February, the 10-year benchmark government security (G-sec; 7.18% GS 2033) opened at 7.06 per cent and closed at 7.08 per cent, down 6 basis point (bps) from its January close of 7.14 per cent while staying within CRISIL’s forecast range of 7.03-7.13 per cent. Per a CRISIL report,...
NEW DELHI: The near-13 year high services trade surplus in February has prompted economists to scale down their projections of India’s current account deficit (CAD) for the current financial year. Many economists now expect CAD to come in at 0.8-0.9% of the GDP during the entire FY24, as compared...
NEW DELHI: The government’s dividend mopup from non-financial central public sector enterprises (CPSEs) and entities in which it holds minority stakes has touched a record ₹61,149 crore, 22% higher than the revised estimate for 2023-24, with almost a fortnight to go this fiscal, according to the latest finance ministry...
MUMBAI: India’s economy is changing fundamentally, and for the better. Tech is a key driver. Finding enough capital is the big challenge. Computer chips and critical materials are among the new stars. And business, the locus of much of this change, must also take the lead in recognising that...
NEW DELHI: India’s current world-beating economic growth rate on the back of an investment boom resembles that of 2003-07 when growth averaged more than 8 per cent, according to economists at Morgan Stanley. In a report ‘The Viewpoint: India – Why this feels like 2003-07’, Morgan Stanley said after...
NEW DELHI: The Coal Ministry has asked Coal India Ltd and NLC India Ltd to go for pithead-based thermal projects with an aim to reduce transportation cost and improve availability of dry fuel, a top government official said. The plan is that all new thermal projects of Coal India...
NEW DELHI: Adani group plans to invest more than Rs 1.2 lakh crore (about USD 14 billion) across its portfolio companies that range from ports to energy, airports, commodities, cement and media in fiscal year starting April 1, as it doubles down on its USD 100 billion investment guidance...
NEW DELHI: Kerosene consumption in the country has declined sharply by 26 per cent CAGR between 2013-14 and 2022-23, mainly due to government policies to promote clean energy. The latest ‘Energy Statistics India 2024’ of the National Statistical Office (NSO) stated, “The impact of energy policies of recent time...
LILLE (FRANCE): French sports retailer Decathlon is accelerating its investments to ramp up production and enhance its retail presence further in India, one of its “most important” global markets, its Global CEO Barbara Martin Coppola has said. Decathlon expects to continue its “high growth rate” from the Indian market,...
NEW DELHI: FPIs came back strongly to invest in the Indian equity markets, buying shares worth Rs 40,710 crore in the first fortnight of the month amid an improvement in the global economic landscape and robust domestic macroeconomic outlook. The inflows came following a modest investment of Rs 1,539...
NEW DELHI: The government on Friday approved an electric-vehicle policy, under which duty concessions will be given to companies setting up manufacturing units in the country with a minimum investment of USD 500 million, a move aimed at attracting major global players like US-based Tesla. According to an official...
MUMBAI: The Securities and Exchange Board of India (Sebi) on Friday approved launch of same day settlement (T+0) for a limited set of 25 scrips with a limited number of brokers along with a slew of measures to bring flexibility for initial public offerings (IPOs), Alternative Investment Funds (AIFs),...