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NEW DELHI: Successful conclusion of India’s proposed trade agreements with the UK, Oman and four European nation bloc EFTA will reflect its commitment to trade liberalisation and economic integration at a time when the whole world is turning protectionist, according to a report. Economic think tank Global Trade Research...
MUMBAI: The Reserve Bank of India (RBI) on Friday allowed banks and non-banks to issue prepaid payment instruments (PPIs) for public transit services such as metro, buses, rail, waterways, tolls, and parking. The regulator amended the guidelines for PPIs for mass transit systems (MTS). It said such PPIs could...
NEW DELHI: The 13th ministerial conference (MC 13) of the World Trade Organisation (WTO) in Abu Shabi next week could dent the crucial single-undertaking rule or consensus-based decision making at the multilateral body, sources here warned. New Delhi would oppose the China-led Investment Facilitation for Development (IFD), even as...
NEW DELHI: India’s key macro indicators, such as CPI inflation, WPI inflation, and the trade and current account deficits are seen subdued in the near-term, given global commodity prices are low and unlikely to rise sharply in the coming months, say economists. “The slowdown witnessed in the world economy...
NEW DELHI: India’s installed Renewable Energy (RE) capacity, excluding large hydro plants, is estimated to increase to 170 GW by March 2025 from a level of 135 GW in December 2023, rating agency ICRA said on Friday. “ICRA estimates that the rise in the RE capacity over the next...
NEW DELHI: Indian Railways has deployed Kavach, the indigenous train collision avoidance system, on 1,465 route km primarily across the South Central Railway division. The Railways would soon float tenders, around May or June, to upgrade existing and upcoming installations to LTE (long term evolution) technology making the entire...
The Telecom Regulatory Authority of India (TRAI) on Friday released recommendations on ‘Introduction of Calling Name Presentation (CNAP) Service in Indian Telecommunication Network’, which means the name identity information provided by the telephone subscriber in the Customer Application Form (CAF) should be used for the purpose of CNAP. This...
The procurement and manufacturing of these cutting-edge radars and CIWS systems will be spearheaded by Larsen and Toubro in collaboration with several Indian small and medium enterprises. In a strategic move aimed at bolstering India’s aerial surveillance capabilities along its borders with China and Pakistan, the Cabinet Committee on...
NEW DELHI: Foreign Direct Investment (FDI) in the space sector in India is not 100 per cent blanket approval and has been split into three stages to comply with military requirements, said industry veteran JD Patil, founder chairperson of Indian Space Association (ISpA), and a board member of regulatory...
BHUBANESWAR: Kalyani Steel Ltd on Friday signed an MoU with the Odisha government to set up a manufacturing facility with an investment of Rs 11,750 crore. The project for manufacturing titanium metal, aerospace and automotive components and advanced speciality steel at Gajamara in Dhenkanal district will create 10,000 job...
MUMBAI: KKR & Co is planning to invest a significant portion of its new $6.4 billion Asia-focused fund in the Indian infrastructure sector, including roads, highways, and renewables. The New York-based private equity major has already invested $3 billion in the Indian infrastructure space as part of its total...
NEW DELHI: India is on track to become a $10 trillion economy in coming years and grab the third-largest slot soon, World Economic Forum President Borge Brende said on Thursday as he described the country as a place with optimism not seen elsewhere in a very fragmented and polarised...
NEW DELHI: The growth rate in India’s business activity accelerated to a 7-month high in February driven by a strong demand for both manufacturing and services, according to a private economic survey released on Thursday. India’s private sector activity rose to a seven-month high of 61.5 in February compared...
MUMBAI: Abu Dhabi’s Mubadala Investment Co., Kotak Pre-IPO Opportunities Fund and Avendus Future Leaders Fund are set to deploy ₹1,100 crore of primary capital in Warburg Pincus-backed Avanse Financial Services, said people aware of the development. The proposed deal will value the Warburg Pincus-owned non-banking finance company (NBFC) at...
NEW DELHI: India’s economy is expected to grow at 6.5% in FY25, mainly driven by the government’s capital expenditure push, softness in global commodity prices and “healthy” corporate performance, India Ratings and Research (Ind-Ra) said in a report on Thursday. The projection, however, is sharply lower than the Reserve...
BAGHPAT/MEERUT (UP): The farm community in western Uttar Pradesh has given a mixed response to the government’s decision to increase Fair and Remunerative Price (FRP) of sugarcane to Rs 340 per quintal. The Union Cabinet on Wednesday decided to hike the minimum price that mills have to pay to...
NEW DELHI: India has reported a 44 per cent fall in solar installations at 7.5 gigawatt in 2023 due to land acquisition-related issues, research firm Mercom Capital said on Thursday. According to the US-based research firm’s latest report, a total of 13.4 gigawatt (GW) solar capacity was installed in...
NEW DELHI: Telecom operator Vodafone Idea (VIL) on Thursday said its board will meet on February 27 to consider fundraising proposals. In a statutory filing, VIL said the board of directors will consider and evaluate all proposals for “raising of funds in one or more tranches by way of...