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MUMBAI: Leading up to its next policy announcement, the Reserve Bank of India (RBI) has stepped up liquidity draining operations, signalling that while the central bank may tolerate overnight rates aligning with the repo rate after six months, it is not comfortable with financial conditions turning any easier than...
NEW DELHI: In what could be seen as a policy shift, Prime Minister Narendra Modi on Wednesday said the central public sector undertakings (CPSEs) had gained in strength over the last decade, with “most of them giving record returns (dividends and rise in valuation)” to the stakeholders. Investors have...
NEW DELHI: The much-contested question whether a private investment cycle has commenced and becoming broad-based still has economists divided. The private sector is witnessing “record-profits” and so, should feel comfortable in making investments in the economy, Sanjeev Sanyal, member, Prime Minister’s Economic Advisory Council told FE, while adding that...
India will oppose any move by the developed world to get any non-trade issue like labour and environmental standards included in the formal talks at the World Trade Organisation (WTO) during the 13th ministerial conference of the global trade regulating body scheduled this month-end at Abu Dhabi. Developed countries...
Oil India aims to spend Rs 6,000 crore in the exploration and production of oil and gas in the financial year 2024-25, Harish Madhav, the company’s director of finance, said in an interview. “For the next financial year, the investment target is close to Rs 6,000 crore. Depending on...
BETUL, GOA: In the next seven years, India is poised to become the primary source of global oil demand growth, even as its domestic production is projected to decrease by 22 per cent, according to the latest projections by the International Energy Agency (IEA). These divergent trends are anticipated...
India’s power exchange market is set to undergo an experimental phase as the Central Electricity Regulatory Commission (CERC) has directed a shadow pilot study on market coupling, aiming to enhance market efficiency and optimize transmission infrastructure. The proposed shadow pilot study aims to couple the Real-Time Market (RTM), RTM...
BETUL, GOA: India will invest $67 billion in the gas sector over the next 5-6 years as part of an “unprecedented amount” of funds being put in to develop energy infrastructure, said Prime Minister Narendra Modi on Tuesday. Speaking at the second edition of the India Energy Week (IEW)...
NEW DELHI: India’s telecom sector is expected to see a revival in foreign direct investment over the next two years. This optimism stems from two recent developments: the opening of satellite communications to the private sector, and introduction of the Telecommunications Act, which are expected to make the sector...
NEW DELHI: Retail inflation has come down to within the tolerance band due to steps taken by the government to check price rise in essential commodities, especially in perishable commodities, finance minister Nirmala Sitharaman told Rajya Sabha on Tuesday. Replying to a question in the Rajya Sabha, Sitharaman said...
MUMBAI/NEW DELHI: Facing an uncertain future following severe restrictions imposed by RBI, Paytm brass has held talks with FM Nirmala Sitharaman and the regulator, in a bid to impress upon them to reverse the decision. While executives of the bank, including founder Vijay Shekhar Sharma, met RBI officials on...
MUMBAI: Retail credit slowed down in the second quarter of FY24, data from TransUnion Cibil showed. There has also been a marked increase in defaults in personal loans and credit cards during the same time period.This deceleration in retail loan growth stems from a lack of growth in home...
NEW DELHI: The Parliamentary Standing Committee on Finance has recommended that GST on health insurance, particularly for senior citizens, should be lowered. It has simultaneously pitched for a level-playing field between public and private sector insurance companies in terms of TDS on GST and participation in government-run insurance schemes....
NEW DELHI: The Insolvency and Bankruptcy Board of India (IBBI) has amended norms pertaining to insolvency resolution process for personal guarantors and voluntary liquidation process. Changes have been made to the Insolvency Resolution Process for Personal Guarantors to Corporate Debtors regulations and Bankruptcy Process for Personal Guarantors to Corporate...
NEW DELHI: The Enforcement Directorate and the Financial Intelligence Unit have asked the RBI to share its report on the recent action taken to bar Paytm Payments Bank Ltd from accepting deposits or top-ups in customer accounts, official sources said on Tuesday. Federal agencies ED and FIU, tasked with...
India will not conclude the India-UK Free Trade Agreement (FTA) talks in haste under the pressure of forthcoming general elections, as negotiations for a favourable outcome can continue even after the new government comes in, a senior official has said. “India will not do anything under pressure. We are...
BENGALURU: The market size of the Indian enterprise fintech sector is projected to reach $20 billion, according to a report by venture capital firm Chiratae Ventures and finance consultancy Digital Fifth. The market size of the enterprise fintech sector was reported to be at $2.7 billion in 2022. The...
NEW DELHI: The department of telecommunications (DoT) is examining methodologies to directly allocate spectrum to enterprises like Infosys, Tejas Networks, Tata Communications, Tata Power, Larsen & Toubro, GMR, Capgemini, etc. It has set up an internal study group to suggest ways to achieve the objective. Officials said that direct...