Business
India, UK Making Last-Ditch Effort To Conclude FTA Talks
NEW DELHI: Commerce and industry minister Piyush Goyal may travel to London again later this week before he returns to India from the ongoing three-nation foreign tour, to iron out a few irritants in the free trade agreement (FTA) with the UK, according to sources. The minister might formally...
SEBI Mulls Mandatory Demat Account For Key Personnel Before IPO
NEW DELHI: Commerce and Industry Minist Markets regulator Sebi on Wednesday proposed mandating select shareholders, including directors, key managerial personnel and current employees, to hold shares in demat form before filing an initial public offering (IPO) document. These measures, if implemented, will help eliminate inefficiencies and risks associated with...
Indian Businesses Bet Big On Small Language Models: Deloitte
Indian enterprises are betting big on small language models (SLMs) as they seek more efficient, faster and targeted solutions, according to Deloitte’s Tech Trends – India Perspective 2025 report. The report notes that integrating SLMs with AI-based simulations and task-specific AI agents is expected to shape the development of...
Retail Majors See FY26 Demand Rise In Line With Consumer Peers
MUMBAI: Top executives at retail firms such as Reliance Retail, Trent, Shoppers Stop and Vishal Mega Mart have pointed to a better FY26 than FY25, led by the government’s fiscal stimulus measures, a good monsoon forecast and growing discretionary incomes. These companies have followed their consumer goods peers such...
Most Employees Of Indian Companies Considering Changing Jobs In 2025: Study
MUMBAI: More than 80 per cent of employees of Indian companies are in the midst of changing employers or might seek new jobs in 12 months, according to a survey by Aon, a global professional services firm. The international number is 60 per cent. As many as 7 per...
Indian Economy To Grow On Back Of Right Strategies: FinMin Report
NEW DELHI: With the right strategies in place, continued domestic reforms, and a strong focus on infrastructure development and job creation, the economy can demonstrate resilient growth despite global uncertainties, a finance ministry report said on Tuesday. India’s long-term growth is driven by macroeconomic stability, a resilient external sector,...
Mini Deal With US Likely Before Tariff Pause Ends
NEW DELHI: India may strike a mini trade deal with the US, before Washington’s pause on reciprocal tariffs is lifted in early July and avoid the extra levies restricting market access to the world’s largest economy along with Asian peers South Korea and Japan, and several others. Earlier than...
Retail Investors Should Stay Invested For Long: SEBI Chairman
MUMBAI: India is in a reasonably good spot despite global headwinds and retail investors should stay invested for long market volatility notwithstanding, Sebi Chairman Tuhin Kanta Pandey said on Tuesday. India has shown a lot of resilience ever since the tariff war began to impact markets worldwide, Pandey said...
US Keeps India On ‘Priority Watch List’ For Alleged IP Violations
NEW DELHI: The United States on Tuesday retained India in its “priority watch list” for protecting and enforcing intellectual property (IP) rights, saying the country is one of the world’s “most challenging” major economies in the matter. The US Trade Representative (USTR) acknowledged that India has made “meaningful progress”...
Private Sector Capex May Dip 25% To Rs 4.88 Lakh Crore In FY26
NEW DELHI: Intended capital expenditure of the private corporate sector is estimated to decline by about 25 per cent to Rs 4.88 lakh crore in 2025-26 from Rs 6.56 lakh crore in FY25, said a government survey report released on Tuesday. According to the Forward-Looking Survey on Private Sector...
Trade Deal With US May Be Rich In Tech Content
NEW DELHI: India will pitch hard for the US to ease export controls on assorted high-technology sectors in negotiations for the proposed bilateral trade agreement (BTA) with the world’s largest economy. Indian negotiators wrapped up the talks under mutually agreed terms of reference (ToR) between the two countries late...
IMF-World Bank Meetings End With Very Little Clarity On Tariff
WASHINGTON: Global finance leaders came to Washington this past week seeking clarity on what it would take to get some relief from President Donald Trump’s multi-layered tariff assault and on just how much pain it will bring to the world economy. Most headed home with more questions than answers....
RBI Governor Sanjay Malhotra Urges US Industry To Invest In India
WASHINGTON: Reserve Bank Governor Sanjay Malhotra has exhorted the US industry to invest in India, stressing that the country continues to be the fastest growing major economy supported by policy consistency and certainty. Addressing the US-India Economic Forum organised by the Confederation of Indian Industry and US India Strategic...
Insurance Amendment Bill Likely To Be Introduced In Monsoon Session
NEW DELHI: The Insurance Amendment Bill, which proposes 100 per cent FDI in the insurance sector, may be introduced in Parliament in the upcoming monsoon session, sources said. The draft bill is ready and will be placed before Cabinet for its approval soon, sources said, adding, after Cabinet nod...
Indirect Indian Exports To Pakistan At $10 Billion: GTRI
NEW DELHI: While the direct trade between India and Pakistan is miniscule, Indian goods worth $10 billion reach the western neighbour annually through indirect channels, according to estimates by the Global Trade Research Initiative (GTRI). To get around trade restrictions, goods are routed through ports in Dubai, Singapore and...
Government Notifies Goods & Services Tax Appellate Tribunal Rules
NEW DELHI: The government has notified the Goods and Services Tax Appellate Tribunal (Procedure) Rules, which provide for mandatory e-filing of applications and conducting hearings in a hybrid mode. The rules also provide that any urgent matter filed by an applicant before 12:00 noon shall be listed before the...
India Slashed Extreme Poverty To 2.3% In FY23, Shows World Bank Data
NEW DELHI: India has made significant progress in reducing poverty, with extreme poverty — measured at $2.15 per day in purchasing power parity (PPP) terms — falling from 16 per cent in 2011–12 to 2.3 per cent in 2022–23, according to the World Bank. The decline lifted 171 million...
India May Allow Up To 49% Foreign Direct Investment In Nuclear Power Plants
NEW DELHI: India could allow foreign companies to take a stake of up to 49 per cent in its nuclear power plants, three government sources said, as New Delhi draws up plans to open up its most guarded sector to help achieve goals to cut carbon emissions. The government...
