Japan’s MUFG readies $250 million India fund as new investors emerge with bold bets in Indian startup market
Mitsubishi UFJ Financial Group (MUFG), Japan’s largest financial group, is setting up a $250 million (about Rs 2,300-2,400 crore) India-focused fund to back early and…
India-Oman CEPA kicks in – The Economic Times
New Delhi: The India-Oman Comprehensive Economic Partnership Agreement (CEPA), which came into effect Monday, will benefit domestic exporters of textiles, leather, plastics, marine products, automobiles,…
Cotton prices down 3% on import duty suspension, may slide more
Pune: India’s decision to suspend 11% import duty on cotton until October has triggered an immediate reversal in the fibre’s rally, with cotton bale and…
GST collections rise 3.2% to ₹1.94 lakh crore in May; import-led revenues drive growth
New Delhi: India’s gross Goods and Services Tax (GST) collections rose 3.2% year-on-year to ₹1.94 lakh crore in May 2026, reflecting a steady growth, official…
Manufacturing activity at 3-month high in May despite cost woes
New Delhi: India’s manufacturing sector activity growth rose to a three-month high in May, on sustained demand, infrastructure projects and new business gains, even as…
India meets FY26 fiscal deficit goal at 4.4% of GDP despite revenue and global pressures
New Delhi: The central government contained its FY26 fiscal deficit at the budgeted target of 4.4% of gross domestic product (GDP), despite a downward revision…
India industrial output grows 4.9% in April as new IIP series shows manufacturing-led recovery
New Delhi: India’s industrial output grew 4.9% on-year in April, the first print of a new Index of Industrial Production (IIP) series that has 2022-23…
Chinese Wall may stem India tech flows for electronics and automobile
New Delhi: China’s new rules, empowering the government to regulate and prohibit technology transfers, cross-border movement of technical talent and overseas transactions involving asset transfers…
CBDT tells tax officers to tighten scrutiny of unexplained income, assets
New Delhi: The Central Board of Direct Taxes (CBDT) has instructed assessing officers to exercise greater diligence and consistency in invoking anti-evasion provisions relating to…
India-Oman trade pact eases hiring of Indian workers by domestic investors in Muscat
New Delhi: Indian firms investing in Oman can hire Indian workers over and above the local employment requirements mandated by the Omani government under the…