Business
Private Sector Capex Likely To Improve Among Rising Biz Confidence: CII
NEW DELHI: Private capital expenditure by India Inc. is likely to increase amid improving domestic demand despite a weak external environment and rising shipping costs, a survey by Confederation of Indian Industry (CII) showed. The survey, conducted with over 200 firms of varying sizes, showed that CII’s Business Confidence...
India Must Liberalise FDI To Be A Developed Nation By 2047: ADB Chief Economist
NEW DELHI: India needs to further liberalise its foreign direct investment (FDI) policy, open up trade and not fear competition to be able to achieve its goal of becoming a developed nation by 2047, Albert Park, chief economist, Asian Development Bank, has said. “I think all the indications are...
IRDAI Seen Nudging Insurance Companies To Go Public
MUMBAI: The Insurance Regulatory and Development Authority of India (Irdai) is nudging insurers to go public. However, unlike the Reserve Bank of India (RBI), which has given banks a timeline to list, the insurance regulator is “using moral suasion during one-on-one meetings” with senior executives of insurance companies which...
IT Companies Appraisal, Hike Cycles Shift From June To September Quarter
BENGALURU: The timing of salary increases within many IT companies has shifted from the traditional April-June period to the third quarter of the year, introducing a level of uncertainty as the process is now influenced by the demand outlook. Salary increases have become more unpredictable in recent years, with...
Amul Set To Enter European Market After US Success
JAMSHEDPUR: Managing Director of AMUL and Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF) Jayen Mehta said AMUL’s recently launched milk in US has been “highly successful” and they are now ready to enter the European market, which would mark a historic moment for the brand. Delivering the 11th Dr...
Hindalco, JSW Steel Bid For Jharkhand Copper Mines
NEW DELHI: Aditya Birla Group firm Hindalco Industries and Sajjan Jindal-led JSW Steel are in the race for two copper mines in Jharkhand which will be put on sale this month, sources said. Both mines have a combined capacity of three million tonne per annum. Hindalco Industries and JSW...
Mcap Of Nine Of Top-10 Most Valued Firms Erodes
NEW DELHI: Nine of the top-10 most valued firms together lost a whopping Rs 4,74,906.18 crore in market valuation last week, with Reliance Industries and HDFC Bank taking the steepest hit, in line with weak trends in equities. Markets faced heavy drubbing last week amid worsening tensions in the...
High GST Rates Hinder Growth Of India’s Carbonated Soft Drinks Market
NEW DELHI: Carbonated soft drinks segment in India is unable to reach its potential in terms of scale expansion due to barriers such as high taxation under the GST regime despite government’s initiatives like ‘Make in India’ and ‘Aatmanirbhar Bharat’, according to a report by economic think tank ICRIER....
Auto Industry Expects Robust Sale During Festive Season
NEW DELHI: Auto industry players are eyeing robust performance in the ongoing festive period to lift overall consumer sentiment and set the tone for the rest of the year amid slowing demand. The festive season usually commences with Onam and ends with Diwali every year. Kia India National Head...
No Stopping India’s Growth, Reforms: PM
NEW DELHI: India will continue with its programme of structural reforms on its way to becoming a developed nation, Prime Minister Narendra Modi said, describing the country as a “sweet spot” amid global uncertainty. “The government is following the mantra of Reform, Perform and Transform… Bharat has made ‘process...
Ecommerce Companies Get Interim Stay On CCI Proceedings
NEW DELHI: The Karnataka High Court has imposed an interim stay on the competition watchdog’s proceedings against Flipkart and Amazon due to a procedural lapse on the part of the director general (DG) investigating alleged foreign direct investment (FDI) rule violations by the two ecommerce companies. The initial report,...
Demand Slowdown Pulls Down Services PMI To 10-Month Low In September
NEW DELHI: Growth in India’s dominant services sector declined to a 10-month low in September on the back of a slowdown in demand as new business, international sales, and output all rose at their slowest rates since late 2023, according to a private business survey released on Friday. The...
‘Navratna’ MTNL Is Now An NPA In SBI’s Books
MUMBAI: Mahanagar Telephone Nigam (MTNL), a Navratna company, has been declared a non-performing asset (NPA) by State Bank of India (SBI), the state-run telco informed the exchanges on Friday. This comes a month after Punjab National Bank (PNB) downgraded the loan accounts of the company, which provides services in...
China Outpacing India In Technology, Defence Production & Infrastructure, Says IAF Chief
NEW DELHI: With China steadily eroding India’s air combat advantage along the frontier by deploying a greater number of aircraft, the Indian Air Force chief on Friday said his force was also upgrading its forward airbases and advance landing grounds, while asking Hindustan Aeronautics Limited for faster delivery of...
After FY26, GST Cess May Stay In New Avatar
NEW DELHI: With most states not keen to let go of revenues, the Goods and Services tax (GST) compensation cess will likely be retained beyond January 2026, by when the compensation-related loans and interest would likely be fully repaid, sources said. However, the cess would be “re-branded” with a...
OMCs To Invest Over Rs 1.9 Lakh Crore In Expansion Of Refining Capacity By 2030
NEW DELHI: India’s oil marketing companies are expected to add 35-40 million tonnes of crude oil refining capacity by the end of the fiscal 2029-30 in order to meet the growing energy demands of the country and the expected growth in consumption, as per Crisil Ratings. Furthermore, the agency...
Railways Floats Tenders For Placing Kavach On 9,600 Km Of Tracks
NEW DELHI: The railways ministry has fast-tracked its plans to install the Kavach Automatic Train Protection system in the wake of the recent accidents and has floated tenders for fixing it on 9,600 km of railway tracks as well as equipping 10,000 locomotives with the device in the coming...
TRAI Seeks Views On Satcom Spectrum Allocation And Pricing Methodology
NEW DELHI: The telecom regulator has sought views on the pricing methodology and terms and conditions of allocating satellite spectrum — without auctions — to companies seeking to launch satellite broadband services in the country. Global biggies such as Bharti Group-backed Eutelsat OneWeb, Amazon-backed Kuiper, Elon Musk’s Starlink, Globalstar...
