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NRIPage | News | The Economic Times | Stay updated with the latest NRI, Indian, and global news covering politics, business, entertainment and more - NRI Page
The Economic Times

The Economic Times

The Economic Times Sebi bans Gensol Engg, promoters from securities mkt in fund diversion case

Sebi has barred Gensol Engineering and its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, from the securities market due to fund diversion and governance lapses. The regulator has also put on hold the company's stock split and directed a forensic audit. Investigations revealed misuse of funds and misleading conduct, violating PFUTP regulations.

The Economic Times Why gold prices may continue to be on the upswing

While international gold prices have recently surpassed $3,000 per ounce, domestic investors are increasingly turning to gold ETFs, which have outperformed several other asset classes.

The Economic Times Morgan Stanley prunes FY26 India growth forecast to 6.1%

Morgan Stanley has revised India's growth forecast downward to 6.1% for 2025-26, citing trade and tariff policy shifts impacting external demand and investment. A slower recovery is anticipated for 2026-27, with growth expected to bottom out in late 2025. Benign inflation is projected, potentially leading to RBI rate cuts to stimulate the economy.

The Economic Times China's Q1 GDP grows 5.4% y-o-y beating expectations, but US tariff shock dims outlook

China's first-quarter GDP growth surpassed expectations at 5.4%, driven by strong consumption and industrial output. However, escalating U.S. tariffs pose a significant threat, potentially impacting exports and overall economic stability. Analysts anticipate a slowdown in growth for 2025, prompting concerns and expectations of further stimulus measures from Beijing to mitigate the trade war's effects.

The Economic Times JSW Steel to invest Rs 50,000 cr for 10 MTPA green steel capacity for European mkt

JSW Steel plans to invest Rs 50,000-60,000 crore in a brownfield project at its Salav plant in Raigad district to establish a 10 MTPA green steel capacity over the next three to four years. This investment is driven by European green steel mandates and aims to significantly reduce carbon emissions.

The Economic Times ICICI Lombard posts surprise profit drop on surge in claims, accounting change

ICICI-LOMBARD-India's ICICI Lombard posts surprise profit drop on surge in claims, accounting change

The Economic Times IndusInd says derivative losses at Rs 1979 crore based on PWC report

IndusInd Bank disclosed a Rs 1979 crore loss in its derivative portfolio due to account discrepancies, as revealed in a PWC report. The bank anticipates a 2.27% negative impact on its net worth by December 2024.

The Economic Times A muted March quarter can keep bank stocks under pressure

According to an ETIG analysis, 28 out of 31 listed banks were traded at lower trailing price-book (P/B) multiples compared with the year-ago valuations. Of the remaining three banks, HDFC Bank's current P/B at 2.8 is higher than the year-ago level of 2.6 while ICICI Bank has a P/B of 3.3 compared with 3.1 a year ago.

The Economic Times RBI's new collateral rule may impact gold loan accessibility, limits use of gold ETFs and MFs

Draft regulations aimed at tightening lending practices, but could discourage financial innovation, say experts.

The Economic Times NBFC results may reflect lingering microfinance stress

Although credit trends in segments like unsecured personal loan and credit card are plateauing because a large pool of stressed loans are recognised, microfinance exposures are likely to continue experiencing stress, analysts and fund managers said.

The Economic Times Indian companies raised over $50 billion in ECB till Feb last fiscal

Accounting for February data, total ECB registrations stood at $50.1 billion in the April-February period of FY25. Asia's oldest steelmaker raised $750 million through ECBs maturing in 6 years for overseas investment in JVs and wholly-owned subsidiaries, the RBI data showed.

The Economic Times Former finance secy Pandey appointed vice-president at AIIB

Ajay Bhushan Prasad Pandey, former finance secretary of India, has been appointed as the vice-president of the Asian Infrastructure Investment Bank (AIIB). He will manage investment solutions and oversee key departments. India stands as the largest borrower from the AIIB, with approved projects totaling $10.45 billion, highlighting the bank's significant role in supporting infrastructure development in the country.

The Economic Times Who is liable to pay GST on packaging charges on food ordered via delivery apps?

The question of who bears the tax liability on food packaging—restaurants or food delivery apps—is under scrutiny, as experts remain divided on whether packaging forms part of a service or a sale of goods. With similar tax disputes in the past involving delivery charges levied by food apps, the issue now appears headed for yet another legal tussle over how online food deliveries are taxed.

The Economic Times India much better placed to deal with Trump tariffs: ITC Chairman Sanjiv Puri

ITC Chairman Sanjiv Puri believes India is well-positioned to handle potential disruptions from US tariffs, especially with ongoing FTA discussions. He anticipates FTAs with the US, EU, and UK, potentially boosting India's economic standing. While acknowledging short-term uncertainties, Puri emphasizes India's competitiveness, digitization, and future-ready portfolio, alongside ITC's strategies for resilience and growth.

The Economic Times Not activating countercyclical capital buffer, says RBI

Reserve Bank of India will not activate the countercyclical capital buffer. The decision comes after reviewing relevant indicators. The framework was introduced in February 2015. It aims to ensure banks build capital during good times. This capital can be used to maintain credit flow during economic downturns. The provision has remained unused since its introduction.

The Economic Times 64 pc of Indian employers open to apprenticeships for LGBTQIA+: Report

India's apprenticeship landscape is undergoing a remarkable transformation, with organisations increasingly embracing LGBTQIA+ inclusion as a core workforce strategy, according to a report on Tuesday.

The Economic Times Inflows lift rupee, but traders reckon tariff volatility may persist

The Indian rupee rose on Tuesday, diverging from most Asian peers, aided by likely dollar inflows into local stocks, although traders said volatility is likely to persist until there is clarity on U.S. tariffs.

The Economic Times India's total exports touch record $820.93 billion in 2024-25 despite global challenges

India's total exports of goods and services increased by 5.5 per cent to a record $820.93 billion during the financial year ended March 31, 2025, compared to $773 billion in the previous fiscal year, despite the uncertainties in the global market, according to Commerce Secretary Sunil Barthwal.

The Economic Times Retail Inflation slows to 3.34% in March, Lowest since August 2019

India’s retail inflation, measured by the Consumer Price Index (CPI), slowed to 3.34% in March 2025, down from 3.61% in February. The latest data from the Ministry of Commerce and Industry indicates a continued easing trend, with March recording the lowest year-on-year inflation rate since August 2019.

The Economic Times Rio Innobev secures Rs 10 crore in pre-series A round

Mumbai and Pune-based beverage startup, Rio Innobev, has secured Rs 10 crore in pre-series A funding led by Atomic Capital. The company will use the funds to expand distribution, build its brand, innovate products, and upgrade manufacturing.

The Economic Times Tax planners, yoga trainers, astrologers: Swiggy launches white-collar services marketplace Pyng

Pyng has been launched as a standalone app - in line with the shift in Swiggy's strategy to launch separate apps for different use-cases. In January, it launched a standalone app for its quick commerce business Instamart.

The Economic Times NPCI targets 30 crore new users for UPI payments platform: MD & CEO Dilip Asbe

National Payments Corporation of India aims to draw an additional 200 million to 300 million Indians to UPI to “break their cash memory” through initiatives including delegated accounts for children and household staff, who may lack access to traditional bank accounts, said Dilip Asbe.

The Economic Times India is first major market to erase losses from April 2 tariffs

Indian stocks rallied as trading resumed after an extended weekend, with the benchmark indices recovering all losses sparked by U.S. President Donald Trump’s reciprocal tariffs earlier this month. The NSE Nifty 50 Index rose as much as 2.4% in Tuesday’s session, hovering near its April 2 closing level.

The Economic Times 90-day tariff pause not a reversal, just prolongs market uncertainty: Rajeev Agrawal

Rajeev Agrawal of DoorDarshi India Fund suggests navigating market volatility stemming from President Trump's tariff policies. He believes tariffs' impact on India's GDP is minimal, advising investors to focus on domestic sectors with comfortable valuations. Lending and capital markets are highlighted as promising sectors despite market fluctuations, offering opportunities for those who understand business fundamentals.

The Economic Times HC directs Google India, three top execs to submit bank guarantees for 50% of Fema violation penalty

The Karnataka High Court has directed Google India and its officials to provide bank guarantees covering 50% of penalties imposed for alleged Fema violations. These penalties, totaling ₹5 crore for Google India and ₹45 lakh for its officials, stem from transactions involving distributor fees to Google Ireland and equipment acquisitions from Google US.

The Economic Times Quick commerce is reshaping small-town spending—and FMCG is cashing in

Quick commerce is rapidly expanding beyond urban centers, influencing spending habits in smaller towns and benefiting FMCG companies. This growth, fueled by data-driven insights and efficient inventory management, allows q-com to promote premium brands. However, traditional retailers express concerns about predatory pricing, job losses, and the potential disruption to India's informal economy, requiring a balanced regulatory approach.

The Economic Times RBI set for deeper easing cycle, Sensex at 82,000 by Dec: Morgan Stanley

Lower inflation and slower growth should allow the RBI to respond with a deeper easing cycle, with a cumulative easing of 100bps and two more cuts in 2025, a Morgan Stanley report said on Tuesday, pegging India's GDP growth at 6.1 per cent for FY26 amid global uncertainties.

The Economic Times Moglix appoints Sanjeev Arora as CFO to lead IPO journey over next 12–24 months

Moglix, a Singapore-based Indian e-commerce firm, has appointed Sanjeev Arora as its Chief Financial Officer. Arora will spearhead the company's financial strategy, focusing on capital planning and long-term growth, including preparations for a public market entry.

The Economic Times Wholesale Inflation eases to 2.05% in March

India’s wholesale price inflation slowed to 2.05% in March 2025, down from 2.38% in February. The moderation in inflation was largely due to a decline in prices of primary articles and food products, although manufactured product prices continued to climb.

The Economic Times BlackRock leads $750 million Adani bond rush as global funds return

High-yield debt placement for ITD Cementation buyout attracts Farallon, King Street despite US bribery case overhang.

The Economic Times Luxury housing sales clock 28 pc growth in Jan-March, Delhi-NCR leads

India's luxury housing segment recorded 28 per cent jump in sales during January-March period this year, compared to the same period of the previous year, across India's top seven cities, according to a report by real estate consultant CBRE South Asia.

The Economic Times Amid tariff brawl, oil prices may not fall to 2015-16 level: BPCL

BPCL's finance chief, Vetsa Ramakrishna Gupta, anticipates oil prices to remain stable in the near term, fluctuating between $60-70 per barrel as US tariff uncertainties resolve.

The Economic Times AI spending in India set to reach $9.2 billion by 2028: Report

Artificial intelligence (AI) spending in India is set to grow at 35 per cent annually, reaching $9.2 billion by 2028, a report showed on Tuesday.

The Economic Times It’s India’s fault local startups are trailing China

Piyush Goyal criticized Indian startups for focusing on consumer-facing services rather than deep tech and manufacturing, contrasting them with Chinese counterparts. While his assessment of the sector's focus is accurate, the blame lies with the Indian government's failure to create a supportive environment for manufacturing and innovation in crucial sectors.

The Economic Times India targets 300 million new users for UPI payments platform

India aims to onboard millions to its Unified Payments Interface (UPI) and promote its global adoption. NPCI plans to add 200-300 million users by introducing delegated accounts and expanding features. While UPI's popularity surges, discussions around reinstating transaction fees to ensure viability are ongoing, potentially impacting future growth.

The Economic Times Explainer: What AASB’s draft SA 600 means for LLP audits involving multiple auditors

With Limited Liability Partnerships (LLPs) growing more complex, how should auditors coordinate when multiple firms are involved? The Auditing and Assurance Standards Board (AASB) of ICAI’s draft SA 600 lays out the answers. ETCFO explains what the draft has highlighted.

The Economic Times Govt to provide major part of ₹10000 crore startup fund to sectors like new age tech, AI

The 2016 scheme was set up to catalyse venture capital investments and is operationalised by the Small Industries Development Bank of India (SIDBI), which provides capital to Securities and Exchange Board of India (Sebi)-registered AIFs, which in turn invest in startups.

The Economic Times Cashfree Payments appoints Piyush Anchliya as CFO

Cashfree Payments has named Piyush Anchliya as its new CFO, tapping his 15 years of global expertise to steer financial strategy. The move comes as the company secures key RBI licenses and $53M in funding to fuel its next phase of expansion.

The Economic Times RBI’s draft gold loan norms may tighten access for borrowers, slow sector growth

These changes may make credit access more selective with borrowers without verifiable ownership or with ambiguous end-use plans may be edged out.

The Economic Times Rate cuts, cautious stance: How global central banks plan to tackle Trump tariffs

Across the globe, central banks are assessing the trade conflict’s potential impact on their economies, taking different approaches to handle the consequences, from rate cuts to cautious holds.

The Economic Times Why are gold prices surging sharply in 2025? It's not just Trump factor

The extraordinary rally in gold this year comes amid growing geopolitical tensions, trade-related uncertainties, and mounting pressure on traditional investment assets like equities and bonds.

The Economic Times US stocks, Treasuries rebound but dollar dips amid tariff uncertainty

U.S. stocks experienced modest gains following the White House's decision to delay tariffs on certain electronics, boosting tech stocks globally. The dollar dipped and Treasury yields eased amidst ongoing trade policy uncertainty, while oil prices saw a slight increase. Investors remain cautious, awaiting further economic data and insights from Federal Reserve Chair Jerome Powell.

The Economic Times China tariffs hit Shein-Reliance deal: Global sourcing plan from India may shrink

Shein's partnership with Reliance Retail to establish India as a global manufacturing hub faces challenges as China discourages companies from shifting production overseas due to US tariffs. The original agreement, including integrating Indian MSMEs into Shein's supply chain, is being renegotiated and may be scaled down.

The Economic Times Cost of semiconductor chips per vehicle to double to $1200 by 2030 due to tech advancement: NITI Aayog

The cost of semiconductor chips in vehicles is expected to double from $600 to $1,200 by 2030 due to increased use of advanced technologies like EVs, ADAS, IoT, and autonomous driving, according to NITI Aayog. This reflects a broader transformation in the auto industry, driving closer ties with tech sectors and boosting demand for high-tech components.

The Economic Times Diesel demand growth falls to lowest since pandemic

India's diesel demand growth hit a pandemic-era low in fiscal year 2024-25, rising just 2% to 91.4 million tonnes, as the economy slowed and cleaner fuels gained traction. Electric vehicles, particularly in urban transport and logistics, are increasingly displacing diesel, impacting consumption. Petrol and jet fuel consumption saw stronger growth, reflecting trends in personal transport and aviation.

The Economic Times Bank of India cuts FD rates by up to 25 bps on these deposits; withdraws 400-day special FD offering 7.30% interest

Bank of India has revised its fixed deposit interest rates, effective April 15th, 2025. The bank has discontinued its special 400-day FD scheme, which offered a 7.30% interest rate. Interest rates have been reduced for short and medium-term deposits under Rs 3 crore.

The Economic Times Good news for SBI borrowers: Bank reduces these lending rate by 25 basis points after repo rate cut by RBI

Following RBI's repo rate cut, SBI has also reduced its EBLR, or external benchmark lending rate, and RLLR (repo-rate linked lending rate). This will be effective April 15, 2025. While MCLR rates remain unchanged, read on to know more about the changes in EBLR rates and how they will impact your loan payments and EMIs.

The Economic Times Goldman Sachs turns profits amid tariff woes—but 'great uncertainty' signals an increased risk of a recession

Goldman Sachs CEO David Solomon has warned that recession risks are mounting and trade war fallout is rattling clients, despite the bank’s strong Q1 profits. As tariffs unsettle markets, dealmaking has slumped while trading revenue soared. Solomon says the economic environment has “markedly” changed and expects continued volatility. The bank also flagged upcoming job cut costs. Amid executive bonuses and shifting global dynamics, Goldman’s earnings reflect Wall Street’s ability to profit in chaos—but also its growing unease about what lies ahead.

The Economic Times I-T department scrutinizes Mauritius FPIs for suspected treaty abuse, tests ‘substance’

Indian tax authorities are scrutinizing foreign portfolio investors (FPIs) from Mauritius, requesting their tax residency certificate (TRC) applications to verify 'substance.' This move aims to check potential treaty benefit abuse, like zero tax on pre-April 2017 stock gains. The I-T department seeks details on office space, employees, and assets in Mauritius.

The Economic Times Pharma companies may feel heat of US tariffs on China

India's pharmaceutical industry is bracing for potential disruptions due to US tariffs on Chinese goods. Experts warn that China may increase prices for key pharmaceutical ingredients exported to India to offset tariff costs. With India heavily reliant on China for APIs and intermediates, this could lead to higher medicine production costs.

The Economic Times US begins probes into pharmaceutical, chip imports, setting stage for tariffs

The Trump administration plans to investigate pharmaceutical and semiconductor imports. This move could lead to new tariffs, citing national security. Public comments are invited within 21 days. The investigation follows Section 232 of the Trade Expansion Act. Drugmakers worry about potential shortages. Trump aims to boost US drug manufacturing. Semiconductor tariffs may also be announced soon.

The Economic Times Trump considers pausing his auto tariffs as the world economy endures whiplash

President Donald Trump suggested he may temporarily exempt the auto industry from the 25% tariffs he imposed in March, allowing carmakers time to relocate supply chains from countries like Canada and Mexico. Industry leaders support increased U.S. production but warn that supply transitions take time and that blanket tariffs could hurt the sector.

The Economic Times Modi government ended whatever sanctity tax administration system enjoyed: Congress

The Congress party alleges significant tax avoidance among India's wealthiest, citing a paper by economist Dr. Ram Singh. It claims the Modi government has compromised the tax system's integrity, suggesting that large donations to the BJP can lead to overlooking tax evasion. The party argues the income tax system is regressive, as the rich avoid paying their fair share.

The Economic Times GST on apartment maintenance not new, rule exists since 2019: Tax officials

Amid rising concerns and confusion among apartment residents, tax officials have clarified that the Goods and Services Tax (GST) on apartment maintenance charges is not a new rule.

The Economic Times Cashfree Payments appoints Piyush Anchliya as CFO

Cashfree Payments has named Piyush Anchliya as its new CFO, tapping his 15 years of global expertise to steer financial strategy. The move comes as the company secures key RBI licenses and $53M in funding to fuel its next phase of expansion.

The Economic Times Employees in their 40s most at risk during layoffs: Bombay Shaving Company CEO

Employees in their 40s are facing the highest risk during mass layoffs as they usually earn the highest salaries, according to Shantanu Deshpande, CEO of Bombay Shaving Company.

The Economic Times Depreciating the Rupee can help counter any dumping by China going ahead: Saurabh Mukherjea

Saurabh Mukherjea suggests that China's manufacturing advantage, stemming from artificially lowered costs, poses a challenge to democracies. He anticipates China will attempt to flood global markets, including India, necessitating currency depreciation as a countermeasure. Mukherjea believes that India, along with other nations, will negotiate favorable trade deals with America, potentially benefiting the Indian economy.

The Economic Times Monthly SIP inflows may rise to Rs 40,000 cr in 18- 24 months: Union AMC CEO

Fueled by rising incomes and investment awareness, monthly SIP inflows are projected to reach ₹40,000 crore within 18-24 months. Despite recent market volatility, SIP contributions surged in FY25, reflecting investor maturity. Union AMC anticipates further growth due to favorable tax policies and market valuations, encouraging long-term investment through SIPs.

The Economic Times India's fintech has come far, but so much more to be done: MobiKwik's Upasana Taku

MobiKwik cofounder Upasana Taku sees immense growth potential in India’s fintech sector, driven by digital payments and expanding financial services. With only 10 per cent of Indians using multiple financial products, opportunities abound. The company aims for 10 fold growth through diversification, innovation, and a focus on profitability despite macroeconomic and regulatory headwinds.

The Economic Times Recovery in domestic demand, healthy rabi output & easing inflation to boost consumption further: Crisil

India's domestic demand is showing signs of recovery, supported by several positive developments, according to a recent report by Crisil.

The Economic Times Nifty projected to reach 25,521 in next 12 months: Report

Despite recent global market uncertainties, the Nifty index is likely to touch 25,521 in the next 12 months, according to report released on Monday.

The Economic Times India eyes wrapping key aspects of US trade talks in six weeks

India, US trade deal: India and the US are set to begin sector-specific trade discussions this week, aiming for clarity on potential concessions by the end of May. This follows a 90-day reprieve from reciprocal tariffs imposed by Donald Trump. While India isn't overly concerned about these tariffs, both nations prioritize sealing a trade deal.

The Economic Times Trade tensions, recession fears may push gold prices up by 38 pc this year: Report

International gold prices could surge to $4,500 per ounce amid rising trade tensions, up nearly 38 per cent from the current level of $3,247 per ounce, according to a report by Goldman Sachs.

The Economic Times Rs 10 packs turn into FMCG’s hottest summer battleground

Consumer goods firms are aggressively pushing Rs 10 price points this summer, launching new products and boosting distribution amid rising inflation and tighter household budgets. Reliance's Campa Cola relaunch has intensified competition, prompting brands like Rasna, Mother Dairy, and Dabur to reassess pricing and product mixes.

The Economic Times Indian FMCG firms to end FY25 with single-digit revenue, base favourable in FY26

FMCG firms in India, on aggregate, should end FY25 with low single-digit revenue as consumer staples stocks have benefited from the flight-to-safe trade recently, a new report has said, adding that the base will remain favourable in FY26.

The Economic Times Indian stock market set for data-driven outcomes this week

The current week is poised to be a crucial one for global markets, including the Indian benchmark indices, as inflation, industrial activity and employment data line up across the world's largest economies, a report said on Monday.

The Economic Times Fabric of the industry frays: What Trump’s tariffs really mean for India’s textile sector

Experts say that Trump’s tariffs will ignite short-term fear across the textile and apparel industry.

The Economic Times 45% of employers plan new permanent hires in FY26: Report

The hiring, compensation & attrition management outlook survey for 2025-26 revealed that 13 per cent of employers planned to replace the current manpower. It also highlighted a growing emphasis on flexible staffing, with 26 per cent of employers focusing on temporary, contractual, or project-based roles.

The Economic Times How entry of Blinkit, Swiggy, Instamart and Zepto is transforming shopping habits in smaller towns

Kiranas largely sell 500-ml to 1-litre pouches, with large packs accounting for less than 10 per cent of sales, it said. "Of course, the platforms are also giving offers, free deliveries and high discounts in these markets to lure consumers, which increases sales of large packs," said Angshu Mallick, chief executive officer of AWL Agri Business. Wipro Consumer Care, maker of Santoor soap and Glucovita energy drink, said its value pack sales grew by over 200 per cent last year, driven by rapid expansion of quick commerce into next-level cities.

The Economic Times India's healthcare expenditure expected to surge from 3.3% to 5% of its GDP by 2030: CareEdge

India's healthcare expenditure will surge from 3.3 per cent to 5 per cent of its GDP by 2030, said CareEdge in its latest report.

The Economic Times China gains on electronics, but India still wins

Despite the US exempting some electronics from China tariffs, India retains a competitive edge, especially in smartphone manufacturing. Experts predict India's iPhone production share will double this year as Apple diversifies its supply chain.

The Economic Times India has potential to emerge as global hub for IP-led innovation: Accel Partner Prashanth Prakash

Accel's Prashanth Prakash, a Padma Shri recipient, envisions limitless opportunities for Indian entrepreneurs, particularly in AI and tech-led industrialization. Accel plans to deploy its $650 million fund over the next two to three years, targeting 20-25 startup investments this year.

The Economic Times The $22 billion pivot: Apple’s India gamble starts to pay off amid US-China trade war

Apple's iPhone production in India has surged by 60% to $22 billion, now accounting for one in five iPhones globally.

The Economic Times India's production showed signs of improvement in last fiscal, current fiscal may witness pressure: Bank of Baroda

The production in the country showed signs of improvement towards the end of the last financial year, supported by a rise in high-frequency indicators such as the manufacturing PMI, GST collections, and e-way bill generations, according to a report by Bank of Baroda.

The Economic Times Crisil projects 6.5 pc GDP growth for India in fiscal 2026 amid US tariffs

While US tariff hikes remain a key risk to growth forecast, global credit rating agency Crisil on Monday projected 6.5 per cent GDP growth for India in fiscal 2026, with risks tilted to the downside.

The Economic Times Companies across sectors limit travel, embrace electric cars & eco-certified stays as sustainability gains ground

Indian companies are embracing sustainable corporate travel, driven by environmental goals and traveler preferences. Firms across sectors like technology and finance are opting for carbon-neutral flights, eco-friendly transport, and green accommodations.

The Economic Times HDFC Capital to invest Rs 1.5k cr in platform with Eldeco to build Rs 11K-cr homes in small towns

HDFC Capital will invest Rs 1,500 crore in Eldeco Group's 18 upcoming residential projects across tier II-III cities, targeting a revenue potential of Rs 11,000 crore. This partnership aims to develop over 10 million square feet of housing in towns like Panipat, Rudrapur, and Ludhiana.

The Economic Times SEBI warns of securities market frauds via YouTube, Facebook, X & more

Alarmed at frauds related to securities market on various social media platforms, capital markets regulator SEBI has issued an advisory for investors to exercise caution and due diligence to verify the genuineness of social media handles of SEBI-registered entities while accessing them.

The Economic Times Long-term plans won't be impacted by tariff: IndiGo CEO

The airline aims to double in size by the decade's end, viewing market consolidation as beneficial for global competitiveness.

The Economic Times RBI's FY25 dividend to centre expected to top Rs 2.5 lakh crore

Economists believe record high dollar sales by the Reserve Bank of India (RBI) to protect the rupee's exchange rate and interest earned from large scale liquidity operations have boosted the prospects of a bumper payout, which one overseas banking group believes could be as high as Rs 3.5 lakh crore.

The Economic Times Top seven Indian cities witness 4-8% leasing growth: Report

According to the report, rental growth in India's national capital Delhi registered an uptick of 8.2 per cent, while financial capital Mumbai saw rental growth of 6.7 per cent.

The Economic Times "Definitely a very big achievement": MoS Finance Pankaj Chaudhary on Choksi's arrest

Minister of State for Finance Pankaj Chaudhary on Monday lauded the arrest of fugitive Indian businessman Mehul Choksi in Belgium, stating that it was a "very big achievement".

The Economic Times UPI no more a technology, it's a population-scale habit: FIDE CEO Sujit Nair

You have 500 million people using DPI, UPI as a way of life, and that idea, that way of thinking of how do you bring large population, especially the people who probably do not have formal access to the economy, bring them together closer and make government, public, private sector all come together to serve people and small businesses," said Nair.

The Economic Times Bangladesh-India trade tensions escalate as Dhaka shuts land ports, Delhi revokes transit rights

Tit-for-tat moves disrupt critical yarn supplies and third-country exports, hurting SMEs on both sides of the border.

The Economic Times Banks may struggle to fully transmit repo rate cuts on high share of MCLR-linked loans

About 39.4 per cent of outstanding floating rate loans of scheduled commercial banks (SCBs) were still linked to MCLR and other older benchmarks like the base rate and benchmark prime lending rate, as of end-December 2024.

The Economic Times ‘Pharmaceutical tariffs coming in next month or two’: Howard Lutnick signals imminent tariffs on imported medicines

The U.S. is preparing to announce sweeping tariffs on pharmaceutical imports within the next two months, according to Commerce Secretary Howard Lutnick. President Donald Trump says the move will push drug companies to manufacture in America. India, which supplies over 45% of U.S. generics, stands to lose big. Industry experts warn of higher prices, drug shortages, and strained supply chains on both sides. Indian firms heavily reliant on U.S. revenues could see their margins eroded as costs climb and competition tightens.

The Economic Times India's healthcare expenditure expected to surge from 3.3% to 5% of its GDP by 2030: CareEdge

India's healthcare expenditure will surge from 3.3 per cent to 5 per cent of its GDP by 2030, said CareEdge in its latest report.

The Economic Times Banks seek power to freeze accounts in illicit transactions cases to rein in cyber fraud

To combat cyber fraud via mule accounts, banks are urging for authority to freeze suspicious accounts swiftly, bypassing lengthy approval processes. The Indian Banks' Association suggests using AI and ML for enhanced monitoring and verifying accounts opened with voter IDs through the Election Commission database.

The Economic Times Good time to fetch capital via ECBs, trend may continue for next 2-3 years, says UGRO Capital CFO

UGRO Capital CFO Kishore Loadha sees the current ECB environment favourable, mentions about the recent surge in deal activity like never before and aims to scale co-lending to 50 per cent of its AUM from the current 44 per cent. MSME focussed NBFC also targets to capture 1 per cent of the Rs 25 lakh crore MSME lending market. Read the full conversation here:

The Economic Times Mivi eyes Rs 1,000 cr revenue in FY26 with category expansion, geographic scaling, new mfg facility

Hyderabad-based Mivi, aims for Rs 1,000 crore revenue by FY26, expanding into IoT devices, smart wearables, and security cameras. Fueled by its Mivi AI platform, the company anticipates tripling revenue.

The Economic Times FPIs pull out nearly ₹32k cr from equities in April so far

Foreign investors have withdrawn a substantial Rs 31,575 crore from Indian equity markets this month, influenced by global market turbulence stemming from US tariffs. This outflow follows a previous infusion in late March, but overall FPI outflow has reached nearly Rs 1.5 lakh crore in 2025.

The Economic Times RBI's draft gold loan norms to hit NBFCs more than banks

The revised framework may reduce the effective LTV of the product due to the additional buffers required for gold price fluctuations and interest accrual. NBFCs, which have a larger proportion of bullet repayment loans, are expected to see disbursement volumes drop by 5–10 per cent.

The Economic Times Orient Cement profit declines 38.3 pc to Rs 42 cr in Q4

Orient Cement Ltd, a CK Birla group firm, reported a 38.3% drop in net profit to ₹42.07 crore for the March quarter, with revenue down 7.07% to ₹825.18 crore. For fiscal year 2024-25, profit declined 47.8% to ₹91.24 crore. The board recommended a 50% final dividend.

The Economic Times Production of Apple iPhones in India surges 60 pc to Rs 1.89 lakh crore in 2024-25

Apple India has recorded a 60 per cent jump in iPhone production from its Indian supply chain with a turnover close to Rs 1.89 lakh crore during the financial year ended March 31, 2025, according to industry data.

The Economic Times FDI in India's pharma sector crosses Rs 19,134 crore during 2024-25

India's pharmaceuticals and medical devices sector has seen a FDI inflow to the tune of Rs 11,888 crore from April to December in the financial year ended on March 31, 2025, apart from which 13 FDI proposals worth Rs 7,246.40 crore for brownfield projects during 2024-25 have been approved, taking the total FDI to Rs 19,134.4 crore, according to figures compiled by the Department of Pharmaceuticals.

The Economic Times HDFC Bank trims savings account rates to 2.75%

HDFC Bank has reduced its savings account interest rates. The reduction is 25 basis points, now at 2.75%. Balances above Rs 50 lakh will earn 3.25%. This move follows an RBI repo rate cut. Other banks are also adjusting deposit strategies. Bank of India has ended its special deposit scheme. These changes reflect shifts in depositor behavior and liquidity.

The Economic Times RBI to infuse 40k cr into banking system

The RBI will purchase Rs 40,000 crore in government securities on April 17, marking its third open market operation this fiscal year. This move aligns with the central bank's policy to inject liquidity, aiming for 1% of the banking system's net demand and time liabilities.

The Economic Times Proposals to bring relief from toll charge on NHs, e-expressways under finance minister’s consideration

The road transport ministry's proposals to ease toll burdens on commuters are now under finance ministry review. These include eliminating user fees on narrower national highways and introducing an annual pass for cars, costing around Rs 3,000, for unlimited travel.

The Economic Times BM Finance Fundas: No more international UPI transactions via QR share & pay, says NPCI

At present, as per the NPCI website, around seven countries, including France, Mauritius, Nepal, Singapore, Sri Lanka, and the UAE, accept India’s UPI-based Bharat QR payments.

The Economic Times Trump Signals New Tariffs on Chips, Calling Exclusions Temporary

President Trump is considering new tariffs on computer chips and the broader electronics supply chain, despite a recent reprieve for tech companies. This shift follows the administration's initial broad tariff approach on Chinese goods, which included electronics, before issuing exemptions.

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