Business
SEBI Plans Sips As Low As 250 To Widen Mutual Funds Reach
MUMBAI: Markets regulator Sebi on Wednesday proposed to launch monthly systematic investment plans (SIPs) for ticket size as low as Rs 250, aiming for wider financial inclusion. Calling this sachetisation of mutual funds, Sebi would partially subsidise the costs incurred by all the intermediaries for these small-ticket SIPs, it...
Executive Orders Signed By Trump Unlikely To Impact Budget 2025: Economists
NEW DELHI: A slew of sweeping executive orders signed by US President Donald Trump on the first night of his second presidency is unlikely to have a huge impact on the Budget as the government has factored in the broad policy action, according to economists. The economists, however, say...
India Hopeful Of Sector-Specific Deals As US Tariff Action Looms
NEW DELHI: India is evaluating multiple options to cope with the Trump 2.0 administration’s imminent tariff policies, including a truncated bilateral trade deal, and sector-specific give-and-take arrangements, official sources said here on Wednesday, requesting anonymity. The sources, however, maintained that no action plan has been firmed up yet. Decisions...
Major Relief To Mauritius Investors As Tax Board Clarifies On New Rule
NEW DELHI: In a major relief for foreign investors in India from Mauritius, Singapore and Cyprus, the Central Board of Direct Taxes (CBDT) has clarified that investments from these countries made prior to April 1, 2017 would be eligible for benign or zero capital gains tax, irrespective of whether...
Asset Monetisation Scheme 2.0 With Rs 2-Lakh Crore Annual Target On The Cards
NEW DELHI: With the current National Monetisation Pipeline (NMP) programme ending in March this year, the Centre may announce its next phase with annual asset monetisation goals of Rs 2 lakh crore for the next 4-5 years, to mobilise capital for investments and re-investments. The government had set an...
Petroleum Minister Sees Chances Of Higher Oil Imports From The US
NEW DELHI: India on Tuesday welcomed US president Donald Trump’s statement after assuming office to ramp up oil and gas production by the world’s largest economy, and “export American energy all over the world.” “There is a possibility of more energy purchase between India and U.S.,” minister for petroleum...
IDBI Selloff Picks Up Pace As Suitors Get Data Access
NEW DELHI: IDBI Bank’s potential suitors have been granted confidential data access to carry out due diligence on the lender after a 12-month hiatus, during which their applications underwent government scrutiny, said people familiar with the matter. The development marks a step forward in the disinvestment process, through which...
US Global ‘Supplemental Tariffs’ To Target Trade-Surplus Countries
NEW DELHI: After assuming office as the 47th president of the United States, Donald Trump laid out an “America First Trade Policy”, which includes imposing global “supplemental tariffs” to address what he termed “unfair and unbalanced trade”. He also threatened a 100 per cent tariff on BRICS nations, including...
SEBI Proposes Pre-Listing Trading For Initial Public Offerings
MUMBAI: In a bid to curb grey market activity, the Securities and Exchange Board of India (SEBI) is working on a regulated trading mechanism that would enable investors to sell shares once they are allotted in an initial public offering (IPO), chairperson Madhabi Puri Buch said on Tuesday. Buch...
Bridgestone India Expects Seven-Eight Per Cent Growth In Replacement Demand In 2025
MUMBAI: Bridgestone India is expecting around seven-eight per cent growth in the replacement demand this calendar year after seeing a disruption owing to multiple factors in 2024, a top company executive has said. The Indian arm of the Japanese tyre company Bridgestone Corporation also said that along with increasing...
Chemical Industry Seeks Tweaking In Customs Duties In Budget
NEW DELHI: The chemicals industry has sought tweaking in customs duties in the forthcoming Budget on certain products such as Polyethylene Terephthalate and Polyvinyl Chloride with a view to cut imports from China and boost domestic manufacturing. China is currently the world’s biggest exporter of key products like Polyethylene...
BlueVerse To Unveil Sustainable Vehicle Washing Solutions
NEW DELHI: BlueVerse, a DPIIT-recognised start-up, will showcase its innovative automated vehicle washing solutions at the Bharat Mobility Summit 2025, taking place from January 17 to 22 at Bharat Mandapam, New Delhi. Visitors can explore BlueVerse’s revolutionary technologies at Stall No. three, Hall No. nine. Aligned with India’s sustainable...
Rupee Falls 14 Paise To Close At 86.59 Against US Dollar
MUMBAI: The rupee pared initial gains and settled for the day lower by 14 paise to 86.59 (provisional) against US dollar on Tuesday, tracking heavy sell-off in the domestic equity market and a recovery in the US dollar index. Forex traders said the dollar weakened from its 109 levels...
Markets Rally In Early Trade Amid Mixed Global Equities
Equity benchmark indices Sensex and Nifty began the trade on an optimistic note on Wednesday mainly due to buying in index heavyweights Infosys and HDFC Bank amid a mixed trend in global markets. The 30-share BSE Sensex climbed 366.49 points or 0.48 per cent to trade at 76,204.85. On...
India, EU To Develop Cutting Edge Tech, Secure Critical Raw Material Supply Chains
NEW DELHI: India would work with the EU to develop cutting-edge technologies and secure critical raw material supply chains to strengthen economic ties, commerce and industry minister Piyush Goyal said Sunday. The issue was among six broad principles that Goyal discussed with Maros Sefcovic, European Commissioner for Trade and...
Government Set To Meet Target Of 10,000 New FPOs In FY25
NEW DELHI: The government is aiming to meet the target of 10,000 new farmer producer organisations (FPOs) by the end FY25, five years after the launch of the central sector scheme. Sources told FE that over 9,268 FPOs have been registered as cooperatives and producers’ companies under a central...
Lower Import Tariffs On Inputs, Other Incentives Sought
NEW DELHI: The coming general Budget could undertake adjustments of taxes and unveil incentives for Indian industry to take advantage of the opportunity that could emerge, if Trump administration’s moves escalate the worldwide trade tensions, according to experts. For several months, Donald Trump has been open about increasing tariffs...
Rising Funding Costs May Hit NBFC Margins
MUMBAI: Liquidity pressures and high cost of funds are likely to pressure margins of non banking finance companies (NBFCs) during the third quarter ended December 2024. Micro finance companies and NBFCs having a high percentage of unsecured loans may also be impacted due to payment delays by borrowers during...
