Business
India’s Core Sector Growth Plunges To Eight-Month Low Of 0.5% In April
NEW DELHI: Output growth in India’s eight core infrastructure industries plummeted to an eight-month low of 0.5 per cent in April from an upwardly revised 4.6 per cent growth recorded in March, with three sectors contracting sharply, including refinery products and fertilisers, while electricity and natural gas clocked very...
Government Set To Further Intensify Outreach Programme For UPS
NEW DELHI: The Union government is set to intensify the outreach programme to encourage its employees to switch over to the new Unified Pension Scheme (UPS), which has seen a muted response since its roll-out on April 1. Teams of officials from the Pension Fund Regulatory and Development Authority...
Supreme Court Junks Pleas Of Telecom Companies On AGR Dues
NEW DELHI: The Supreme Court on Monday dismissed the pleas of telecom majors Vodafone, Airtel and Tata Teleservices seeking the waiver of adjusted gross revenue (AGR) dues. A bench comprising Justices JB Pardiwala and R Mahadevan called the pleas “misconceived”. “We are really shocked by these petitions which have...
India, Maldives Sign 13 MoUs To Implement Projects Under Indian Grant Assistance
MALE: India has signed 13 MoUs with the Maldives for enhancing ferry services in the island nation with an MVR 100 million grant, expanding maritime connectivity and uplifting community livelihoods. The MoUs signed on Sunday are for projects to be implemented under the Indian grant assistance scheme—High Impact Community...
India May Benefit From Trade Protectionism: S&P Global India Research
NEW DELHI: Changes in global trade policy would catalyse supply chain diversification to the benefit of India, which is on track to become the world’s third-largest economy by financial year 2030-31 (FY31), S&P Global India Research Chapter’s report said on Monday. While projecting India’s real GDP growth to average...
RBI Proposes Relaxation In Norms For Investment In AIFs By Banks, NBFCs
MUMBAI: The Reserve Bank of India (RBI) on Monday sought to ease norms on investments by regulated entities (REs) in Alternative Investment Funds (AIFs) by proposing revised guidelines that cap investment by REs in any AIF scheme at 15 per cent, with the contribution of a single RE capped...
India’s Manufacturing Getting Attractive To Global Investors: S&P
NEW DELHI: With the global trade and cooperation environment evolving, India’s manufacturing sector is increasingly becoming attractive to global investors, and the country is poised to maximise these opportunities, research firm S&P Global said on Monday. “India has made notable progress in enhancing its competitiveness and making its manufacturing...
RBI May Lower FY26 Inflation Forecast Significantly
NEW DELHI: The Monetary Policy Committee of the Reserve Bank of India (RBI), which is expected to cut the policy repo rate by another 25 basis points (bps) as it meets on June 4-6, may also lower the inflation forecast for FY26 significantly from 4% estimated earlier, according to...
India’s Export Outlook Remains Uncertain, Trade Deficit To Widen To 1.2% Of GDP In Fy26: UBI Report
NEW DELHI: India’s trade outlook for the current financial year remains uncertain due to the looming threat of reciprocal tariffs by the United States, according to a report by Union Bank of India. The report expected India’s current account deficit (CAD) to widen to 1.2 per cent of GDP...
Oil & Gas Regulator Mandates Registration For LNG Terminals
NEW DELHI: The oil regulator has made it mandatory for companies planning to establish new liquefied natural gas (LNG) import terminals or expand existing ones to obtain prior approval, but dropped the requirement to reserve a portion of the terminal capacity for third-party access. The Petroleum and Natural Gas...
States’ Capex Likely Grew 9 Per Cent In FY25
NEW DELHI: States’ capital expenditure likely rose by 9% on year in 2024-25 compared with a 27% growth seen in 2023-24, as they sought to rein in fiscal deficit at 3% of their respective Gross State Domestic Product (GSDP) amid a moderation in tax revenue growth. A review of...
In Nuclear Energy Push, Govt To Allow Private Operators, Limit Their Liability
NEW DELHI: In what could set the stage for an unprecedented opening up of the civil nuclear sector, the government is likely to move two crucial amendments in the laws governing the country’s atomic energy sector in the upcoming monsoon session of Parliament, according to sources aware of the...
RBI FY25 Payout To Government May Jump 50 Per Cent
MUMBAI: The Reserve Bank of India’s (RBI) central board of directors is likely to meet on May 23 for an annual review of the central bank’s balance sheet and transfer of FY25 surplus funds to the government. The payout could be as high as Rs 3 lakh crore, exceeding...
UN Cuts India’s 2025 Growth Forecast To 6.3% Amid Global Tensions
NEW DELHI: The United Nations on Friday lowered its growth projections for India by 30 basis points for the year 2025 to 6.3 per cent, in line with slower growth projected for the global economy due to heightened trade tensions and policy uncertainty. It also reduced its projection for...
India-US Trade Agreement Talks To Resume May 17 With Ministerial Oversight
NEW DELHI: India and the United States are set to deepen their economic engagement through a series of high-level deliberations on a proposed Bilateral Trade Agreement (BTA), beginning May 17 in Washington D.C. The meetings will involve top trade and commerce officials from both countries, according to a PTI...
India Reviews US Push To Lift Ethanol Curbs Amid Trade Deal Talks
NEW DELHI: India is reviewing the United States’ (US’) request to lift restrictions on ethanol imports as it negotiates a wider trade deal with Washington to avoid punitive tariffs, news agency Bloomberg reported on Friday. The development was confirmed by senior industry officials, who added that the US was...
Entrepreneurship Through Acquisition Takes Root
BENGALURU: A new business model — entrepreneurship through acquisition — is beginning to gain traction in the Indian startup landscape. Known as search funds, they are popular in countries such as the US, Spain, Brazil and Japan, but are now drawing the attention of Indian professionals. Instead of building...
RBI May Cut Rates By Another 75 Basis Points In FY26 As Inflation Cools To Multi-Month Lows: Experts
NEW DELHI: India’s inflation trajectory for FY26 is expected to remain positive with headline averaging around 3.5 per cent assuming evenly distributed monsoon. Retail inflation for the month of April cooled further to 3.2 per cent on-year, down from 3.3 per cent in March, marking the lowest reading in...
