New Delhi, Sep 5 — Strong foreign‑currency mobilisation has injected ample liquidity into India’s banking system ahead of the festive season and is expected to support credit growth, a report said on Saturday.The report from Axis Securities said the Reserve Bank of India’s special FCNR(B) swap…
New Delhi, Sep 5 — Foreign portfolio investor (FPI) flows into Indian equities are showing signs of turning more consistent, with early indications pointing to continued net inflows in September after positive flows in July and August.FPIs have remained net buyers of Indian equities during the…
New Delhi, Sep 5 — The Ministry of Coal on Saturday said reports that the Rs 37,500 crore Scheme for Promotion of Surface Coal or Lignite Gasification Projects has attracted no applications are premature and incorrect.The ministry said that Talcher Fertilisers Limited and NTPC Limited have already…
New Delhi, Sep 5 — Heavy showers in Delhi and adjoining areas on Saturday morning disrupted normal life and prompted airlines including IndiGo and Air India to issue advisories to passengers travelling through the Indira Gandhi International (IGI) Airport.India's largest airline IndiGo said adverse…
New Delhi, Sep 5 — Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 has issued 6,73,979 guarantees covering a guaranteed amount of Rs 2,50,024 crore, an official factsheet said on Saturday.Micro, small and medium enterprises (MSME) accounted for 97.3 per cent of guarantees by number and 80.79 per…
New Delhi, Sep 5 — Cohance Lifescience on Saturday said it has received a US Food and Drug Administration (USFDA) Form 483 containing four observations following an inspection of its formulation facility in Shamshabad, Telangana.In an exchange filing, the company said the USFDA inspection was…
Mumbai, Sep 5 — India’s latest push to attract Foreign Currency Non-Resident (Bank), or FCNR(B), deposits has produced a clear set of winners, with banks that offered aggressive interest rates and effectively used their overseas balance sheets capturing a disproportionately large share of the…
New Delhi, Sep 5 — Indian equity markets remained volatile and under pressure through the week, with the benchmark Nifty extending its losing streak to four consecutive weeks, as surging crude oil prices and escalating U.S.-Iran hostilities overshadowed strong domestic economic data. The Nifty…
New Delhi, Sep 5 — E-way bill generation increased 7.7 per cent year-on-year to 139.08 million in August, marking the third-highest monthly level on record and pointing to continued momentum in goods movement and formal economic activity.An e-way bill is an electronically generated document…
Mumbai, Sep 5 — The Reserve Bank of India (RBI) is stepping up efforts to absorb surplus liquidity from the banking system as excess cash reaches record levels following a surge in foreign-currency inflows from overseas Indians.The central bank will conduct a 30-day variable-rate reverse repo…
New Delhi, Sep 5 — The ‘Corporate Mitra’ initiative seeks to make compliance less intimidating and knowledge more accessible for entrepreneurs, according to the government.Anita Shah Akela, Joint Secretary, Ministry of Corporate Affairs, emphasised that the initiative is aimed at transforming…
Seoul, Sep 5 — South Korea's industry minister urged the United States on Saturday to ease tariffs on equipment that Korean companies will need to import for a US$5.8 billion steel mill in Louisiana they are investing in.Industry Minister Kim Jung-kwan made the request at a meeting with Louisiana…
New Delhi, Sep 4 — As thunderstorms and heavy rain disrupted flight operations in the national capital on Friday, at least nine flights were diverted and more than 400 delayed at the Indira Gandhi International Airport (IGIA).Four flights each were diverted to Jaipur and Lucknow, while one was…
Mumbai, Sep 4 — Belgium's Prime Minister Bart De Wever on Friday, without naming US President Donald Trump over his recent decisions to slap tariffs on various countries, said that the Free Trade Agreement (FTA) between India and the European Union have made both economies resilient against…
New Delhi, Sep 4 — Business chamber Assocham on Friday welcomed India’s foreign exchange reserves reaching a record high of $740.80 billion, as of August 28, reflecting a robust external sector and strengthening confidence in the Indian economy.The reserves increased by $11.48 billion during the…
Mumbai, Sep 4 — Adani Electricity Mumbai Limited on Friday extended warm greetings to Mumbaikars on the auspicious occasion of Shri Krishna Janmashtami and Dahi Handi festivals.The company conducted an electrical safety awareness campaign in its licensed area on Friday. The teams met the Dahi Handi…
Warsaw, Sep 4 — External Affairs Minister (EAM) S Jaishankar said on Friday that India and Poland are working on agreements in various sectors, including cyber security, space, clean coal, classified information and critical minerals. He expressed confidence that these agreements will add both…
Mumbai, Sep 4 — India’s economy expanded at a robust 7.8 per cent in the first quarter of FY27 (April-June), driven by strong performance across sectors, World Trade Center (WTC) Chairman and All India Association of Industries (AIAI) President Vijay Kalantri said on Friday.Speaking to IANS after a…
New Delhi, Sep 4 — Air India on Friday said that it terminated the services of a pilot after he tested positive for a psychoactive substance in a confirmatory test conducted following a serious in-flight incident on a Phuket-Delhi service.“Safety remains Air India's highest priority. The…
Mumbai, Sep 4 — Commerce Minister Piyush Goyal said on Friday that all 27 European Union member states support the Free Trade Agreement (FTA) between India and the bloc and want to complete the formalities to bring the pact into force at the earliest.Addressing the India-Belgium high-level dialogue…
Amaravati, Sep 4 — Andhra Pradesh Deputy Chief Minister Pawan Kalyan on Friday held Andhra Paper Mills Private Limited responsible for half of the pollution in the Godavari River at Rajahmundry and directed officials to issue summons to the company. Pawan Kalyan, who is also the Environment…