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…
HAGUE: India is open to promoting free and fair trade with China and hopes to expand its exports of goods and services to the neighbouring country and Asean region in the coming years, commerce and industry minister Piyush Goyal said late Monday, signalling scope for deeper trade engagement with Beijing.Goyal told reporters that India believed…
Benchmark stock index Sensex fell by 352 points and Nifty closed below 22,700, dragged down by selling in IT shares and blue-chip Reliance Industries amid rising crude oil prices and caution ahead of the US Federal Reserve’s policy decision. The 30-share BSE Sensex opened lower and tanked 995 points to the day’s low of 72,603.57…
NSE Nifty50 suffers worst year in a decade NEW DELHI: Dalal Street is having a rough ride in 2026, with the Nifty50 falling 13% this year. The fall may tempt investors to buy stocks at lower prices, but is it the right time to jump in?According to Thyagesh Baba, non-executive director at Spark Capital Advisors,…
Advent Raises $30 Billion for Top Private Equity Pool of 2026 BENGALURU: Global private equity investor Advent International has raised $30 billion across its funds, including nearly $27 billion for its 11th flagship fund and more than $3 billion for a new mid-market strategy, expanding its investment capabilities and international presence. Advent International GPE XI…
Preferential Trade Agreement talks aim to deepen trade and investment ties NEW DELHI: India and Mexico have begun negotiations for a Preferential Trade Agreement (PTA), as both countries signing the Terms of Reference to set the scope and roadmap for discussions. The proposed agreement aims to expand bilateral trade, encourage investment, create business opportunities and…
NEW DELHI: Following up on GST Council decisions, Central Board of Indirect Taxes and Customs has issued over half a dozen detailed circulars on steps to reduce litigation and appeals, issuing show cause notices to taxpayers and speeding up registrations and changes that businesses need to make. In addition, it has sought to address concerns…
Jio Platforms Limited registers strong stock market debut Jio stock price: Jio Platforms made a strong stock market debut on Wednesday, with its shares listing at Rs 1,358 on the BSE and NSE, a premium of around 21.35% over the issue price of Rs 1,119. The stock touched a high of Rs 1,375 and a…
Mukesh Ambani gets emotional while listening to Anant and Isha Ambani’s address during Jio Platforms IPO ceremony Jio share listing: Reliance Industries chairman Mukesh Ambani got emotional at Jio Platforms Limited’s listing ceremony as he watched his children speak about the family’s legacy and Jio’s journey. Sitting beside his wife, Nita Ambani, the 69-year-old chairman…
Union minister for railways, information & broadcasting, and electronics & IT Ashwini Vaishnaw NEW DELHI: India’s mobile phone manufacturing sector has generated Rs 25,000 crore in direct tax collections, exceeding the Rs 19,000 crore paid out by the government as incentives under its production-linked incentive (PLI) scheme.Union minister for electronics and information technology Ashwini Vaishnaw…
