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CHENNAI: India’s telecom market—one of the most dynamic and distinctive in the world—is shaped by its massive scale, price sensitivity, regulatory complexities, and rapid technological evolution. The industry, in line with these changes, also anticipates key changes in the spectrum auction process. A recent move by the Department of...
MUMBAI: India’s household financial savings rebounded to 5.1 per cent of gross national disposable income (GNDI) in 2023–24, according to the Reserve Bank of India’s (RBI’s) annual report for 2024-25, after falling to a multi-year low the previous year. The rebound comes amid a favourable economic outlook and moderating...
NEW DELHI: India’s annual defence production reached an all-time high of ₹1.46 trillion in 2024-25 (FY25), marking an almost 15 per cent jump from the previous record of ₹1.27 trillion in FY24, Defence Minister Rajnath Singh said on Thursday. He said that defence exports also hit a record high...
NEW DELHI: Growth in industrial production fell to an eight-month low of 2.7 per cent in April from an upward revised figure of 3.94 per cent in March due to high base effect and a sequential decline registered in the output of the mining sector, according to data released...
NEW DELHI: The much-awaited interim trade deal between the US and India may be advanced, and take place before June 25, according to official sources. A team of US negotiators are expected in India early next month, with a view to taking forward the talks from where they were...
NEW DELHI: The Rs 1-trillion Research Development and Innovation (RDI) fund, which was announced in the July budget for FY25, of which ₹20,000 crore has already been allocated, will be operationalised in the next two to three months, a top official said. Union Finance Minister Nirmala Sitharaman, on February...
NEW DELHI: The Union Cabinet on Wednesday approved Rs 15,642 crore for providing interest subsidy to farmers on working capital loans for the current financial year. Under the Modified Interest Subvention Scheme (MISS) farmers taking short-term loans of up to Rs 3 lakh through Kisan Credit Cards (KCC) will...
NEW DELHI: India’s growth is projected to be relatively more stable, at 6.2 per cent in FY26 and 6.3 per cent in FY27, while there has been a “tangible downward revision” of 0.6 per cent points and 0.5 per cent points this fiscal and the next in growth prospects...
NEW DELHI: The government’s direct tax exemptions and fiscal measures, along with the rate cuts from the Reserve Bank of India, are expected to further stimulate consumption and investment to lift FY26 growth towards the upper end of forecasts of 6.3% to 6.8%, given in the latest Economic Survey,...
NEW DELHI: Foreign direct investment in India grew 13 per cent at $50 billion during the entire previous financial year, but fell 24.5 per cent year-on-year to $9.34 billion in the January-March quarter of FY25, according to the government data released on Tuesday. FDI inflows during January-March 2023-24 stood...
NEW DELHI: A successful India–US trade deal could mitigate risks to the economy and boost exports, even as private investment remains cautious in the face of global uncertainty, the Finance Ministry said on Tuesday. “This may be no moment for self-congratulation but, equally, it is a moment to remember...
CHENNAI: Moody’s Ratings on Tuesday said India’s car sales are likely to grow at a compound annual growth rate (CAGR) of 3.5 per cent, outpacing China, Japan and other major Asian economies, and reaching around 5.1 million units per year by the end of this decade. “We project a...
NEW DELHI: Co-lending charges levied by non-banking finance companies (NBFCs) will soon be subjected to 18% Goods and Service Tax. The levy may be on 0.5-1% of the loan amount. This follows the NBFCs and banks having agreed to the presence of a service component in such arrangements, ending...
NEW DELHI: The Supreme Court on Monday ordered status quo on the liquidation proceedings of Bhushan Steel and Power Ltd (BPSL) before the National Company Law Tribunal. A bench of Justices B V Nagarathna and Satish Chandra Sharma said liquidation of the BPSL might jeopardise the review petition, which...
MUMBAI: Substantial gains from US dollar sales and interest income from securities prompted the Reserve Bank to announce a record Rs 2.7 lakh crore annual dividend to the Central Government, according to analysts. The Reserve Bank on Friday announced a record Rs 2.69 lakh crore dividend to the Government...
NEW DELHI: The US, despite reporting a $44.4 billion trade deficit with India, runs a $35-40 billion overall surplus when revenues from education, digital services, financial activities, royalties, and arms trade are factored in, economic think tank GTRI said on Monday. It said for India, this means it has...
NEW DELHI: In an effort to transform medium enterprises into global businesses, the NITI Aayog on Monday recommended working capital support of up to ₹25 crore at concessional interest rates, credit card with pre-approved limit of up to ₹5 crore, and a slew of technology as well as skilling...
MUMBAI: With the Reserve Bank of India (RBI) relaxing investment norms for foreign portfolio investors (FPIs) in the corporate bond market recently, experts believe that this will encourage them to participate more aggressively. Earlier, FPIs had to mandatorily sell bonds with less than a year of residual maturity or...