Business
India Building A Sanctions-Proof Supply Chain For Russian Oil
Oil refiners in India — eager to keep importing cheap crude from Russia — are working with merchants, shippers and other middlemen to rebuild supply chains as tougher US sanctions come into effect. Speaking on the sidelines of India’s flagship energy gathering in Delhi, executives said the existing networks...
Bangladesh Asks Adani Power To Resume Power Supplies From 1,600 MW India Plant
Bangladesh has asked Adani Power to fully resume supplies from its 1,600-megawatt plant in India after more than three months of reduced sales, a Bangladesh official said, when supplies were halved due to low winter demand and payment disputes. Adani, which signed a 25-year contract under former Prime Minister...
Nuclear Power To Be Part Of Energy Discussions, Says Hardeep Singh Puri
NEW DELHI: Nuclear power will be part of all energy discussions as its commercialisation has not happened yet, largely in the Indian context, even though the country signed a treaty with the US, Union Oil Minister Hardeep Singh Puri said on Tuesday. This assumes significance in view of Prime...
India’s Thermal Coal Imports Register Drop For Second Straight Year
NEW DELHI: India’s thermal coal imports are expected to fall for the second straight year in 2025 due to decreasing dependence on coal for power generation, slowing economic activity and record high inventories, industry officials said this week. All six Indian and international coal traders Reuters spoke with at...
Arcelormittal Considers Shifting European Biz Support Activities To India
ArcelorMittal is considering a potential shift of some of its European business support activities to India, as the region’s steel sector faces pressure from high costs and rising imports, the world’s second-largest steelmaker said on Tuesday. The company, however, said no steel manufacturing would be moved to India from...
Amid Global Tariff Turmoil, India’s Steel Imports Surge Even As Exports Drop Sharply
NEW DELHI: India continued to be a net importer of steel for April-Jan period of the fiscal (10M FY25) with imports exceeding exports by 4.4 million tonnes (mt). In fact, the trade deficit is higher than India’s steel exports, as per a report of Ministry, accessed by businessline. In...
FM Calls For Free Trade, Stresses Need To Boost Household Sentiments
NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday made a strong pitch for free trade and globalisation even as a tariff war has erupted with the measures taken by the Trump administration in the US. Replying to the debate on the Union Budget FY26 in the Lok Sabha, she...
RBI Green Lights ARCs Listing Plans, Opens New Capital Avenue
MUMBAI: The Reserve Bank of India (RBI) has green lighted a proposal by asset reconstruction companies (ARCs) to allow them to raise equity capital opening a new avenue for these distressed debt aggregators to access funds and widen their shareholding. The central bank clarified its stance following a query...
Karnataka Govt Unveils New Single Window System To Boost Investments
BENGALURU: The government of Karnataka unveiled the new single window system at the Global Investors Meet, Invest Karnataka 2025, introducing a streamlined and digital-first approach to facilitating investments in the state. This advanced system, designed to improve the ease of doing business, was unveiled by Siddaramaiah, chief minister of...
India’s Buyout Market Expands, But Valuation Concerns Persist: PE Leaders
MUMBAI: India’s private equity (PE) market is witnessing increasing buyout activity, driven by consolidation opportunities and global investment shifts. However, high valuations and liquidity constraints remain key concerns, top private equity executives said at the Indian Venture and Alternate Capital Association (IVCA) Conclave here on Tuesday. Mukesh Mehta, senior...
HAL Order Book To Hit Rs 2.5 Trillion In FY26; Exports Remain A Challenge: CMD
NEW DELHI: Orders for 97 Light Combat Aircraft (LCA) Tejas Mark 1A and 156 Light Combat Helicopters (LCH) Prachand, worth Rs 1.3 trillion (Rs 1,30,000 crore), are at an advanced stage of clearance and are expected to materialise within the next three to six months, taking the order book...
US Tariffs May Increase Steel Dumping: India Inc
NEW DELHI: US President Donald Trump’s announcement that he plans to impose a 25% tariff on all steel and aluminium imports is expected to have a ripple effect on the global steel market, potentially increasing the threat of steel dumping in the country, according to domestic steel manufacturers. Industry...
Imported Inflation, Rising Import Bill A Concern, But Not In Near-Term
NEW DELHI: The rupee’s relentless decline against the US dollar has intensified chances of imported inflation as well as widening of the current account deficit (CAD). However, many economists feel India’s exporters will benefit from the currency’s fall, and arrest its impact on the country’s CAD, which anyway is...
Conveyance Tops Non-Food Household Spending In 2023-24: HCES Data
NEW DELHI: In 2023-24, of Indian households’ average monthly expenditures on non-food items, that on conveyance was the highest, shows an analysis of the latest Household Consumption Expenditure Survey (HCES) data. Experts attribute the high share of commuting to increased mobility among households, fuel prices, and a poor public...
Reserve Bank Of India Pulls Back Rupee From The Brink Of 88 Against Dollar
MUMBAI: Intervention by the Reserve Bank of India (RBI) in the foreign exchange market stopped the rupee from touching 88/dollar-level mark on Monday as the Indian currency depreciated sharply in the early trade after US president Donald Trump announced to introduce 25 per cent tariff on all steel and...
India’s Pharma Market To Expand 2.4 Times Over Next 5 Years, Share In Global Market To Hit 5 Per Cent: Report
NEW DELHI: India’s pharmaceutical industry is poised for significant growth, with its share in the global market expected to rise to 5 per cent by 2030, according to a report by Bain & Company. The Indian pharma market, currently valued at around USD 55 billion, is projected to expand...
Rolls-Royce To Double Sourcing From India Over Next Five Years
NEW DELHI: Aerospace major Rolls-Royce on Monday said it intends to double its supply chain sourcing from India over the next five years. The company will seek to increase its sourcing of complex parts for advanced aerospace engines, naval propulsion systems, diesel engines and gas turbine engines as part...
India Sets Up EFTA Desk To Promote Trade, Investment
NEW DELHI: India is setting up a dedicated platform, European Free Trade Association (EFTA ) desk, to promote trade, investment, and business facilitation between the two regions, an official statement said on Monday. India and the four European nations EFTA bloc signed a free trade agreement on March 10...
