File photo: Reserve Bank of India MUMBAI: India would already have been an 8% growth economy if it had not been grappling with an exceptionally difficult global environment, Reserve Bank of India (RBI) deputy governor Poonam Gupta said, arguing that improvements in digital infrastructure, public services, manufacturing and governance have strengthened the economy’s capacity to…
File photo: Prime Minister Narendra Modi NEW DELHI: Having focused on providing access to banking to everyone over the last 10 years, Prime Minister Narendra Modi has said that coming decade will focus on making it more efficient and dependable, for which cybersecurity must play a critical role.“If we are to keep the banking system…
BENGALURU: Blackstone has launched a global capability centre (GCC) in Bengaluru, its first outside the US, underscoring India’s growing importance to the investment firm’s global operations. The move comes as the firm looks to double its India investments to $100 billion over the next five years from about $51 billion to date.Blackstone vice-chairman and CFO…
File photo: Logo of Hyundai Motor India Limited is seen on a parked car in the company’s stockyard NEW DELHI: Hyundai Motor India is widening its SUV offering beyond Creta as competition intensifies, targeting combined annual sales of 2.5 lakh units from its bestselling model and the newly-launched Bayon from 2027.Hyundai Motor India MD Tarun…
File photo: Foreign direct investment NEW DELHI: Foreign direct investment has made a strong comeback with inflows rising 67.7% to $11 billion in Aug, while net inflows – after factoring in outward FDI and remittances – were pegged at $3.3 billion as against net outflows of $103 million in Aug 2025.Based on the current trend…
NEW DELHI: One 97 Communications, the parent company that operates the brand Paytm, reported an over 10-fold rise in profit after tax to Rs 225 crore in the Sept quarter (Q2 FY27), from Rs 21 crore a year ago, on a reported basis, marking its sixth consecutive profitable quarter. Operating revenue rose 28% YoY to…
File photo: Cargo ship (representative image) NEW DELHI: Government has extended the facility to provide up to 95% risk coverage for shipments under Resilience & Logistics Intervention for Export Facilitation or relief until March 2027. The extension has been given in view of continued geopolitical disruptions in West Asia and impact on maritime logistics across…
“This Trade Facilitation Portal is a landmark initiative,” said Piyush Goyal The India-US Trade Facilitation Portal has attracted around 3,500 registrations within months of its launch, commerce and industry minister Piyush Goyal said, highlighting its role in helping Indian exporters, particularly MSMEs and first-time exporters, connect with American buyers.In a post on X, Goyal described…
NEW DELHI: Having received disclosures from 1,100 taxpayers with undisclosed overseas income and assets, the I-T department has nudged select taxpayers with investments in residential and commercial property in the UAE to come clean. The move offers one-time opportunity to disclose foreign assets and income. Source link
Domestic equity benchmarks traded lower in early deals on Tuesday as elevated oil prices and caution ahead of the US Federal Reserve’s policy announcement weighed on sentiment. The Sensex dropped 281.95 points to 73,316.21, while the Nifty slipped 63.15 points to 22,694.60. Brent crude remained near a six-month high following attacks on Saudi Arabia, renewing…
