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NEW DELHI: The Central government may incorporate the OECD Pillar 2-GloBE rules in the country’s domestic law in the full Budget set to be presented in July, but it may not fetch India the anticipated revenue as envisaged earlier. This is because one specific provision, namely Qualified Domestic Minimum...
NEW DELHI: Despite recording a slight moderation in activity, the HSBC India Manufacturing PMI posted a 58.8 print in April amidst strong demand conditions, data released by S&P Global on Thursday showed. In March, the Manufacturing PMI had come in 59.1. Operating conditions improved at the second-fastest pace in...
MUMBAI: In a relief to Bajaj Finance, the Reserve Bank of India(RBI) has allowed the non-banking finance company to resume the sanction and disbursal of new loans under eCOM and online through its ‘Insta EMI Card’. “The company remains committed to ensure adherence and compliance of regulatory guidelines,” Bajaj...
MUMBAI: The Centre for Financial Accountability (CFA) has urged the Reserve Bank of India (RBI) to broaden its understanding of climate risk, increase the level of disclosures by financial institutions, and explore additional oversight mechanisms to ensure comprehensive climate accountability. CFA’s reaction came in response to RBI’s draft disclosure...
NEW DELHI: India’s private ports continued to outperform those owned by the central government in 2023-24 (FY24), registering double-digit growth compared to 4.45 per cent growth for major ports, according to the Ministry of Ports, Shipping and Waterways data. At 721 million tonnes (mt), non-major ports saw their cargo...
NEW DELHI: Jindal Stainless, on Wednesday, announced its entry into a joint venture with a Singapore-based company to develop and operate a stainless steel melt shop (SMS) in Indonesia. The company further announced that it will invest around rupees 1,900 crores to expand its downstream lines in Jajpur and...
NEW DELHI: India is one of the “fastest-growing markets” for online accommodation hosting platform Airbnb and the country has the potential to be among its top 10 global markets in the coming years, according to its Chief Business Officer Dave Stephenson. The company is investing in India to tap...
NEW DELHI: American Express will open its state-of-the-art campus in India, reaffirming the company’s commitment to the country. Spanning nearly one-million square feet, this new facility exemplifies a forward-thinking approach to workplace design, sustainability, health, and wellness for its colleagues. Colleagues will begin moving to the new facility, located...
NEW DELHI: India’s imports of electronics, telecom, and electrical products soared to USD 89.8 billion in 2023-24 and over half of these imports are sourced from China and Hong Kong, economic think tank GTRI said in its report. China dominates with a commanding 43.9 per cent share of India’s...
MUMBAI: Stock markets rebounded on Thursday with benchmark Sensex closing higher by 128 points as record GST collections in April, positive manufacturing data, and foreign fund inflows boosted investor sentiment. The 30-share BSE Sensex climbed 128.33 points or 0.17 per cent to settle at 74,611.11. During the day, it...