CATEGORIES

NSC back in focus as Centre scraps Pronab-led panel

With the dissolution of former chief statistician Pronab Sen-led Standing Committee on Statistics (SCOS) by the Ministry of Statistics and Programme Implementation (MOSPI), the National Statistical Commission (NSC) has regained prominence as the primary statistical body to address issues regarding results, methodology and questionnaire, among others.

Experts see 50-bp rate cut by RBI by Mar'25 amid improved liquidity

With improved liquidity in banking, driven by increased government spending, market participants expect the Reserve Bank of India's (RBI's) Monetary Policy Committee to cut rates cumulatively by 50 basis points by March.

'Independent panel to look at non-compliance, take action'

Fintech Association for Consumer Empowerment (FACE) is the first industry body which has been recognised as a self-regulatory organisation in the fintech sector by the Reserve Bank of India (RBI). This is from the three applications it received for the formation of such an entity. Following RBI's nod, SUGANDH SAXENA, chief executive officer, FACE, spoke to Subrata Panda in a video interview on how the organisation plans to onboard new members. She talked about how it will enforce its standards and practices on its members. Edited excerpts:

GMR to acquire 10% more in Delhi airport

The GMR group's airport business arm GMR Airports Infrastructure Ltd (GIL) on Monday said it had entered into a share purchase agreement with Fraport Frankfurt Airport Services Worldwide for acquiring the latter's 10 per cent holding in Delhi International Airport Ltd (DIAL) for $126 million.

Ikea operator set to invest ₹5,500 crore in Noida

Lucknow, 9 September Uttar Pradesh Chief Minister Yogi Adityanath on Monday virtually laid the foundation for a mega Ikea store project in Noida.

Deal expected to close by March 2025

Deal expected to close by March 2025

Pixxel first Indian space startup to get Nasa order

Bengaluru-based space technology startup Pixxel, which specialises in cutting-edge hyperspectral earth-imaging technology, has won the largest supplier deal by an Indian company from the National Aeronautics and Space Administration (Nasa).

Carrefour to re-enter India; first store in NCR next year

French retailer's comeback to be via strategic franchise pact with Apparel Group

Moderation in PV sales growth natural: Hyundai India COO

The passenger vehicle (PV) sales growth was higher than usual in 2022 and 2023 and therefore, some moderation now was \"very natural\" and it was not a cause for worry, Hyundai Motor India Limited (HMIL) Chief Operating Officer Tarun Garg said on Monday.

Tower-Adani fab proposal at appraisal stage: ISM chief

The recently announced $10-billion joint fab proposal by Israel's Tower Semiconductor and India's Adani group is at the appraisal stage under the India Semiconductor Mission (ISM).

EMPS to be extended till FAME-III launch

The Electric Mobility Promotion Scheme (EMPS) will be extended until the rollout of the third phase of the Faster Adoption and Manufacturing of Electric Vehicles (FAMEIII), Union Minister for Heavy Industries HD Kumaraswamy (pictured) said.

High growth momentum set to continue even in '25: Toyota

Toyota Kirloskar Motor (TKM), which saw a 45 per cent year-on-year (Y-o-Y) increase in volume sales in the first eight months of the year, is expecting to continue its growth momentum even into the next calendar year, its Country Head and Executive Vice President Vikram Gulati (pictured) said on Monday.

Challenge to make new-age tech affordable: MSIL

Customers today ask for featureloaded cars and the auto industry's challenge is to develop newage technologies at affordable prices in India, Maruti Suzuki India (MSIL) Managing Director and CEO Hisashi Takeuchi said on Monday.

Goyal pushes for funding from EFTA nations

Union Commerce and Industry Minister Piyush Goyal (pictured) on Monday asked automobile-component manufacturers to bring in investment from countries of the European Free Trade Association (EFTA) to reach the export target worth $100 billion by 2030.

Gadkari: Production cost of EVs down, subsidies not my call

'Prices of EVs to be same as petrol, diesel ones in two yrs'

Local procurement mandate for solar projects may get stringent

The Centre is planning to tighten the mandate on domestic procurement in solar power project development to further push indigenous products.

M&A deal value of over 2,000 cr comes under Competition Act

The much-anticipated provision of the deal value threshold (DVT) under the Competition Amendment Act 2023, notified on Monday, seeks to capture mergers and acquisitions (M&As) where the deal value exceeds $2,000 crore or where the target company has substantial business operations in India.

Post-Covid boom in profits yet to show in India Inc capex

Corporate profits have grown at a CAGR of 32.4% since FY20 but firms' net fixed assets have grown at 8.6% CAGR in FY20-24

GoM to decide future of GST compensation cess

Panel on insurance to give report in Oct; foreign airlines get relief

IT policy set to roll in by yr-end with focus on GCC, jobs

More than a decade after the National Policy on Information Technology (NPIT 2012) was introduced, the Union government is readying a new policy with changed goals and benchmarks.

India reports first suspected case of Mpox

India on Sunday reported the first suspected case of Mpox virus in a man who had recently travelled from a country witnessing an outbreak of the disease, the Union health ministry said.

Delhi's EV adoption to hit speed bump

The removal of road tax waiver in the city estimated to make such vehicles about 10% costlier for its residents

CRUDE CALCULATIONS

More cheap oil from Venezuela is coming to Indian shores. How big an opportunity is this?

25 years of the insurance industry: Hits and misses

De-tariffing and portability are two milestones ahead of the Insurance Act amendment that made health insurance independent line of business and raised FDI limits to 49%. The first of a two-part column

Usher in competition between EPF and NPS

Let's begin with my favourite episode from the 1980s British satire series Yes Minister, featuring senior bureaucrat Sir Humphrey and his boss, Cabinet minister Jim Hacker.

Blind bets on IPOs can be risky if market sentiment changes

If the company's quality is sound but valuation is high, wait for a correction

'India a dynamic market with long-term promise'

After the pandemic, investors have become more sophisticated and knowledgeable, leading to a notable increase in capital market participation and risk-taking, says SHIV GUPTA, founder and chief executive officer of Sanctum Wealth, in an email interview with Puneet Wadhwa. Edited excerpts:

BSE hoists the sails for Sensex's 'offshore' voyage

TIDAL SHIFT: IFSCA's July nod opens the route for derivatives on 30-share index, say sources

Wall Street on high alert: Economic hazards ahead

For those on Wall Street clinging to the bull case on the economy, life is getting harder.

A balancing job ahead

As Railway Board chairman, Kumar, the first Dalit to get the office, will have to deal with rising cases of accidents and concerns of people both within and outside the Railways