Economy

Mumbai: SEBI Chairman Tuhin Kanta Pandey on Thursday said corporates must ensure high governance standards as any failure can trigger ripple effects across the market economy. Addressing the CII Corporate Governance Summit here, the market regulator chief said that preventing failures in corporate governance is essential for maintaining financial stability. He highlighted that the SEBI

New Delhi:  India is expected to remain the fastest growing major economy with a 6.5 per cent growth rate in 2025 while global growth is seen as marking a shift towards a recessionary path with the international trading system facing its most serious challenge since the Second World War, according to the latest UNCTAD report.

Beijing: A Chinese foreign ministry spokesperson said on Thursday that the United States’ 245 per cent tariff on certain products from China no longer makes economic sense. It the US continues to play the “tariff numbers game”, it will pay no attention to it, according to the spokesperson, Xinhua news agency reported. The statement came

New Delhi: Not just the world’s third-largest economy, India has the potential to become the second-largest economy if it remains on the current path of resilience and policy continuity, billionaire investor Mark Mobius said on Wednesday. In just a few years, India has risen from being the world’s 11th largest economy to the fifth largest.

New Delhi: Government e Marketplace (GeM) has successfully facilitated the insurance of more than 1.3 crore individuals covering health, life and personal accident insurance policies during the financial year 2024-25, according to a statement issued by the Commerce and Industry Ministry on Wednesday. The insurance service provided comes apart from GeM facilitating the hiring of

Mumbai: The domestic benchmark indices opened flat on Wednesday amid weak global cues, as selling was seen in the IT and auto sectors in the early trade. At around 9.29 am, Sensex was trading 23.12 points or 0.03 per cent up at 76,758.01 while the Nifty added 5.90 points or 0.03 per cent at 23,334.45.

New Delhi: Digital payments via Unified Payments Interface (UPI) returned for most users on Saturday after the popular service suffered a nationwide outage affecting millions of users. Although the National Payments Corporation of India (NPCI) was yet to confirm the restoration of UPI services, users in Delhi-NCR reported successful digital payments via smartphone apps. Earlier

New Delhi:  Payments through mobile phones in India recorded a 41 per cent jump in transaction volume to 88.54 billion and a 30 per cent rise in value to Rs 197.69 lakh crore in the second half of 2024. India’s digital payments ecosystem witnessed a significant surge in the second half of 2024, driven by

New Delhi: Global brokerage Jefferies has issued an ‘overweight’ call on India, saying that the country is set to outperform other emerging markets (EMs) amid rising global uncertainties. In its latest note, Jefferies said while absolute index performance is difficult to predict, “India should emerge as a relative outperformer”. Jefferies added that India’s limited exposure

New Delhi:  Amid the changing world trade order, India and the UK have reaffirmed their commitment to furthering the bilateral relations between the two nations, including continuing negotiations at pace towards a mutually beneficial Free Trade Agreement (FTA) and Bilateral Investment Treaty (BIT). This was the key outcome of the ‘13th Economic and Financial Dialogue’