Manufacturing PMI eased to 54.7 in October from 55.1 in September as output and new orders growth moderated, while export orders recorded their fastest rise in six months. NEW DELHI: Moderation in output and fresh orders eased activity in the manufacturing sector in Oct, even as export orders rose at their fastest pace in six…
Sitharaman says govt is open to equity market support while balancing growth and fiscal discipline MUMBAI: Finance minister Nirmala Sitharaman has said govt is mindful of concerns among retail investors and equity market participants and will consider calls for policy support to the stock market, even as it seeks to sustain economic growth above 7%.Sitharaman…
Sitharaman calls for an amicable resolution to the Tata Trusts-Tata Sons dispute, saying the conglomerate is critical to the Indian economy and should return to normal functioning MUMBAI: Finance minister Nirmala Sitharaman said on Monday the dispute between Tata Trusts and Tata Sons should be resolved amicably, describing the salt-to-software conglomerate as a critical component…
Darius Khambata to exit two Tata Trusts on Nov 8, citing growing rift between Noel Tata and N Chandrasekaran. MUMBAI: Darius Khambata, one of Tata Trusts chairman Noel Tata’s closest allies, will leave the Sir Dorabji Tata Trust (SDTT) and Sir Ratan Tata Trust (SRTT) when his term ends on Nov 8. In a four-page…
Sitharaman declined to comment on possible government intervention. NEW DELHI: Finance minister Nirmala Sitharama on Monday called the differences between Tata Sons and its largest shareholder, Tata Trusts, a “very delicate matter” and said both sides should resolve the dispute amicably rather than discuss it publicly.Sitharaman said resolving the matter would require business acumen and…
Sitharaman said the government was aware of concerns raised by foreign investors over India’s tax structure. (PTI) NEW DELHI: Finance minister Nirmala Sitharaman on Monday said the government would consider concerns raised by foreign portfolio investors (FPIs) over India’s capital gains tax structure, amid growing demands for a reduction in long-term capital gains (LTCG) tax…
LIC Housing Finance raises lending rates by 25 bps, shifts focus to higher-margin loans to protect profitability MUMBAI: LIC Housing Finance plans to grow faster than the market even as it improves its margin by changing the composition of its loan book. The company has increased its lending rate by 25 basis points to protect…
The world’s largest cryptocurrency exchange is seeing signs of easing withdrawal pressure after customers rushed to move 2.1 per cent of its total assets off the platform Customers withdrew $3.64 billion from Binance after hackers stole approximately $6.3 billion in cryptocurrency from wallets held at the world’s largest cryptocurrency exchange last week, triggering an initial…
Goldman expects strong tax collections and spending controls to keep the Centre on track to meet its FY27 fiscal deficit goal. The Centre is likely to meet its fiscal deficit target of 4.3 per cent of GDP for FY27 despite recording 42.6 per cent of its full-year budgeted deficit in the first six months, with…
IndiGo sees growth potential despite industry headwinds, focuses on cost control IndiGo sees significant growth opportunities despite rising fuel costs and other pressures facing the aviation industry, CEO Willie Walsh said on Monday, adding that the airline would focus on maintaining a competitive cost base while navigating the challenges.At his first in-person briefing since taking…
