NEW DELHI: Indian business process outsourcing (BPO) exports are growing faster than information technology (IT) services and are projected to keep this lead in FY2026, according to a new report by Kotak Institutional Equities. The strong performance is being driven by global companies’ focus on cost optimisation, increasing outsourcing of business functions, and a growing […]
Nayara Energy, India’s Russia-backed refinery, faces fresh US, EU sanctions trouble; EPC work hit – here’s what’s happening
Although Nayara Energy faces no direct sanctions, it is facing heat due to Russian state energy corporation Rosneft PJSC’s 49.13% ownership stake in the organisation. (AI image) Nayara Energy, India’s second largest private oil refinery, is facing fresh trouble from the impact of US, EU sanctions. Although the Russia-backed Nayara Energy faces no direct sanctions, […]
Sebi block deal rules: Market regulator proposes Rs 25 crore minimum block deal order size; pricing band review planned
Sebi representative image NEW DELHI: Markets regulator Sebi has proposed raising the minimum order size for block deals on stock exchanges to Rs 25 crore from Rs 10 crore. A block deal is a single large share transaction executed between a buyer and a seller during a 15-minute window offered twice a day. The existing […]
India forex reserves climb to $695.1 billion: FX assets rise $1.48 billion in week ended August 15; gold holdings fall
NEW DELHI: India’s foreign exchange reserves rose by $1.48 billion to $ 695.10 billion in the week ended August 15, driven primarily by gains in foreign currency assets (FCA), according to the Reserve Bank of India’s (RBI) latest ‘Weekly Statistical Supplement.’Foreign currency assets, the largest component of India’s forex reserves, increased by $1.92 billion to […]
Yes Bank acquisition: RBI approves SMBC to buy 24.99% stake; CCI nod still pending
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has received the Reserve Bank of India’s (RBI) approval to acquire up to 24.99% stake in Yes Bank, the private sector lender announced on Saturday.The development comes after Yes Bank’s May 9 disclosure about SMBC’s plan to purchase a 20% holding in the bank through a secondary stake buy, […]
US-India trade: Tariffs to hit leather sector; Kolkata exporters pondering ‘Made in Europe’ question
India’s leather industry, a vital labour-intensive sector with exports worth $4.1 billion, has been hit hard by US President Donald Trump’s decision to impose a 25% tariff on imports from India. The move, coupled with an additional 25% tariff on Russian oil purchases from 27 August 2025, is expected to deepen the crisis exporters are […]
India cement demand to grow 7–8% CAGR: Prices seen rebounding after FY25 slump; capacity additions to pick up FY26–27
India’s cement demand set to expand at a 7–8% compound annual growth NEW DELHI: India’s cement demand is set to expand at a 7–8% compound annual growth rate over the medium term, powered by housing, infrastructure, and commercial projects, with prices expected to rebound after a sharp fall in FY25, UBS said in a report.UBS […]
India’s trade talks: Piyush Goyal says FTA negotiations going on ‘subah se shaam’ – with America, Chile, EU & more
India is at the centre of major trade talks as it negotiates free trade agreements (FTAs) with several key partners, including the European Union, the United States, Chile, and Peru, commerce and industry minister Piyush Goyal said on Saturday.Speaking at the Entrepreneur and Traders Leadership Summit, Goyal said that the world is looking at India […]
Investment planning: What top banks offer on 444-day FDs; check interest rates & maturity returns
Are you looking for a fixed deposit with attractive returns?Many leading banks in the country have rolled out special fixed deposit (FD) schemes with a 444-day tenure, offering some of the best returns to general, senior and super senior citizens. Take a look at the current interest rates offered on these special FDs and what […]
India-Australia trade deal: 11th round of CECA concludes in Delhi; goods, services and digital trade discussed
India and Australia have taken another big step towards sealing a trade deal, as officials wrapped up the latest round of negotiations in New Delhi, on Saturday. The two countries, which have already implemented an interim trade agreement in December 2022, are now pushing to expand its scope into a Comprehensive Economic Cooperation Agreement (CECA).“The […]