MENU 
NEW DELHI: The government kick-started the process for additional stake sale in General Insurance Corporation (GIC Re), with roadshows in key global financial hubs including New York, Singapore, Hong Kong, Dubai and London. According to an official source, the outreach elicited “quite positive response” from global investors, in what...
NEW DELHI/SINGAPORE: Fresh U.S. sanctions on Moscow threaten to dent Russian oil sales to India, the biggest buyer of Russian seaborne crude, and complicate efforts by Indian state refiners to secure annual supply deals, three industry sources familiar with the matter said. Washington on Friday imposed sanctions to mark...
NEW DELHI: The Mines Ministry will launch the second round of critical and strategic minerals auction on Thursday. The auction shall be held online through a two-stage ascending forward auction process. The eligible bidder shall be selected based on the highest percentage of the value of mineral despatched quoted...
NEW DELHI: Coal India and Bharat Heavy Electricals Ltd (BHEL) on Wednesday announced the signing of a joint venture agreement for setting up of an ammonium nitrate plant as a part of its coal gasification project. The joint venture will initiate the ‘coal to chemicals’ business by first setting...
KOLKATA: From addressing challenges in value chain to decarbonisation and sustainability, steel companies are tapping into the startup ecosystem for fresh ideas and breakthrough technologies. Tata Steel’s flagship startup engagement programme, Innoventure, is in its fifth year. About 55 per cent of its current engagements with startups are focused...
NEW DELHI: India and Germany have resolved to closely collaborate on high-technology for military use in line with a broader aim to develop defence cooperation as a key pillar of the bilateral strategic partnership. Besides this issue, ways to further bolster strategic cooperation figured prominently at a meeting of...
NEW DELHI: Commerce and Industry Minister Piyush Goyal and his British counterpart Kemi Badenoch will make another attempt to iron out differences and decide the future course of action on the much-awaited free trade agreement (FTA) between the two countries before the general elections. The ministers are expected to...
MUMBAI: To reduce the burden of compliance on regulated entities (REs), the Reserve Bank of India (RBI) on Tuesday issued a master direction that removed obsolete instructions and consolidated 20 existing instructions, including one for finance companies. While specifying timelines for reporting, it also reduced time for filing returns....
NEW DELHI: India’s economy likely grew at a three-quarter low of 6.7% in Q3 FY24 as compared to 7.6% in the previous quarter, mainly due to fading away of the low base effect that had supported growth in H1, an FE poll of 20 economists showed. In H1, the...
ABU DHABI: Around 72 nations have agreed to take on additional obligations in services under the General Agreement on Goods in Services (GATS) to ease non-goods trade among themselves and extended the similar concessions to all other members of the World Trade Organisation (WTO). They have added these obligations...
NEW DELHI: Vodafone Idea’s board on Tuesday approved a fundraise of up to Rs 20,000 crore through a combination of equity and equity-linked instruments. Apart from this, the company is also looking to raise an additional Rs 25,000 crore through debt, thereby taking the total fundraise to Rs 45,000...
NEW DELHI: Roche Pharma India on Tuesday launched a drug for the treatment of Multiple Sclerosis (MS), expanding its neurology portfolio to cater to unmet needs of patients grappling with the disease. The company has introduced Ocrevus (Ocrelizumab) which is the first and only approved disease modifying therapy for...
MUMBAI: Sebi’s Whole Time Member Ananth Narayan on Tuesday said circumvention of regulations is an industry-wide and generic issue with the Alternate Investment Fund ecosystem. Narayan stressed that the capital markets regulator wants to learn from the industry and work in close collaboration with it to frame the rules...
NEW DELHI: Companies in India are expected to dole out an average of 10 per cent salary increase this year, with automobile, manufacturing and engineering sectors anticipated to witness the highest hikes, says a survey. In 2023, the average salary hike was 9.5 per cent, according to consultancy firm...
MUMBAI: Benchmark equity indices Sensex and Nifty rebounded on Tuesday following buying in index major Tata Consultancy Services, Tata Motors and Sun Pharma amid mostly firm global markets. The 30-share BSE Sensex climbed 305.09 points or 0.42 per cent to settle at 73,095.22. The index was hit by volatility...
NEW DELHI: Commerce and Industry Minister Piyush Goyal on Tuesday said everything is falling into place for “India story” to flourish and make the country a ‘Viksit Bharat’ or a developed nation by 2047. Addressing a session on ‘Viksit Bharat @ 2047: Viksit Bharat & industry’, organised by industry...
NEW DELHI: India likely grew 6.6% in the third quarter this fiscal year, according to the median of estimates in an ET poll of 15 economists, decelerating from 7.6% in the preceding three months. Forecasts ranged from 6% to 7.2% for the quarter ended December. The Reserve Bank of...
NEW DELHI: India’s proposal to lower the cost of cross-border remittances has found support from many World Trade Organization members including the European Union, officials said. Except for the US, most countries have favoured a work programme at the WTO for cheaper, faster and more accessible cross-border payments including...