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NEW DELHI: Public investment will be the primary growth driver for India as the economy expands by 6.8% in the current fiscal, the International Monetary Fund said Tuesday in its Regional Economic Outlook for Asia and Pacific. “In China and India, we expect investment to contribute disproportionately to growth—much...
NEW DELHI: India’s core sector growth eased to 5.2% in March from 7.1% in the preceding month as most infrastructure industries slowed, according to government data released Tuesday. Sequentially, growth in the index of eight core industries that represent infrastructure output was up 9.9%. For FY24, core sector growth...
NEW DELHI: The government is rethinking a plan to usher in the cross-border insolvency regime, as some sections feel that enforcement may be challenging in the current circumstances, multiple official sources told FE. “It’s likely that the government may not introduce the cross-border insolvency norms anytime soon,” a senior...
MUMBAI: The Securities and Exchange Board of India’s (Sebi) board on Tuesday approved a proposal to increase participation from non-resident Indians (NRIs) and Overseas Citizens of India (OCIs) through the foreign portfolio investor (FPI) route in local markets. The board also cleared a proposal to simplify norms for passive...
NEW DELHI: Exporters who witnessed a 3.1% annual decline in shipments last fiscal are again upbeat as order inflows have seen a significant rise in April, the first month of new fiscal year. Orders have risen across key sectors in April as compared to March and April of last...
India’s gold demand rose 8 per cent annually to 136.6 tonne in the March quarter helped by a strong economic environment despite prices touching historic highs, according to the World Gold Council. The aggressive gold buying by the Reserve Bank of India (RBI) also contributed to the rise in...
NEW DELHI: Patanjali Foods has been served a show cause notice by the GST intelligence department, asking the company to explain why input tax credit worth Rs 27.46 crore should not be recovered from it. The Yoga guru Ramdev-led Patanjali Ayurved Group firm, which is mainly into the edible...
MUMBAI: The rupee declined 10 paise to close at 83.48 (provisional) against the US dollar on Monday, as investors remained cautious ahead of the US Federal Reserve’s monetary policy decision. A robust sentiment in the domestic equity market and softening crude prices in the international market, however, cushioned the...
MUMBAI: The SEBI board on Tuesday approved measures to deter front-running at asset management companies. This will be through an institutional mechanism that will consist of enhanced surveillance systems, internal control procedures, and escalation processes to identify, monitor, and address specific types of misconduct, including front-running, insider trading, and...
Global Capability Centres (GCC) are leading the charge for a diverse workforce with 28 per cent women in their workforce, according to a report by Pure Storage in association with Zinnov. The report also highlighted challenges in achieving gender parity within deeptech organisations, where gender diversity currently stands at...