Oil marketing firms suspend fuel on credit to pumps amid West Asia crisis| Business News
New Delhi : Pay up first, tank up later; at a time of crunch, that’s the message from state-run oil marketers to fuel stations. A…
PhonePe IPO delay signals valuation standoff for upcoming new-age listings
PhonePe’s decision to push back its $1.3-billion initial public offering (IPO), amid volatile market conditions and a valuation gap with mutual fund investors, could impact…
India’s wholesale inflation rises to 11-month high of 2.13% in February
New Delhi: India’s gauge for wholesale prices climbed to an 11-month high of 2.13% year-on-year in February, led by higher costs of primary goods including…
Trade deficit nearly 2x in Feb; exports face battlefield ahead
New Delhi: India’s February trade deficit almost doubled to $27 billion from $14.42 billion a year ago as imports rose 24%, led by gold and…
India-US trade deal to be signed after new US tariff framework is finalised
New Delhi: The signing of the India-US trade deal will take place only after a new tariff framework is finalised, with both sides currently discussing…
Revamped Stand-Up India scheme soon: Nirmala Sitharaman
NEW DELHI: Finance minister Nirmala Sitharaman said on Monday that the government will soon roll out a revamped Stand-Up India scheme to support entrepreneurs from…
Exporters, freight forwarders seek government help as war surcharges on cargo surge
Mumbai: Exporters and freight forwarders have sought the government’s intervention after global shipping lines began imposing steep war-risk surcharges on cargo to and from the…
Bank-NBFC co-lending pacts may be expanded to aid MSMEs
New Delhi: A parliamentary standing committee on finance has recommended expanding structured co-lending arrangements between banks and non-banking financial companies to bridge a $530-billion formal…
RBI seeks banks’ views on AI-based facial recognition tools at ATMs, branches to curb fraud
NEW DELHI: The Reserve Bank of India (RBI) has sought inputs from banks on implementation of facial recognition or other artificial intelligence (AI)-based systems at…
Easier FDI norms notified for border country investors
New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday notified changes in the foreign direct investment (FDI) policy, easing investment…