Economy

New Delhi: India’s primary market experienced its most active month this September in almost 28 years, as 25 companies went public on the mainboard, marking the highest number of listings since January 1997, when 28 were recorded. The SME activity in the primary market also set a record, with 53 IPOs raising Rs 2,309 crore,

New Delhi:  US President Donald Trump’s current stand on India, which involves a sharp hike in tariffs on goods imported from the world’s fastest-growing large economy, “is strategically flawed and economically counterproductive”, according to a new report. An article in One World Outlook highlighted that India’s economy has posted a robust 7.8 per cent growth

Mumbai:  The Indian equities closed sharply lower this week, as initial optimism in markets faded due to ongoing selling pressure from FII outflows amid US tariff concerns. Benchmark indices Nifty and Sensex ended the week with a loss of over 2.2 per cent. Profit-booking was evident in metals, IT, realty, and auto, which shed between

New Delhi: As India’s Indian textile and apparel industry braces for US tariff impact in the coming months, mitigating factors include India’s strong presence in the cotton-based textile value chain, especially in the home textile segment, being the second largest supplier to the US, currency depreciation and expected increase in exports to the EU, the

New Delhi: The government has approved the appointment of former Reserve Bank of India (RBI) governor Dr Urjit Patel as the Executive Director at the International Monetary Fund (IMF) for a period of three years. The government has appointed the new executive director for India at IMF following the abrupt termination of Krishnamurthy V Subramanian’s

New Delhi:  As Prime Minister Narendra Modi’s two-day Japan visit is set to begin, both nations have accelerated trade and economic ties, with over 170 MoUs signed in two years representing more than $13 billion in committed investments. PM Modi will travel to Japan from August 29-30 to take part in the 15th India-Japan Annual

New Delhi: The extreme US tariffs are nothing less than “economic blackmail”, but they may also be the shock therapy India needs to break free of complacency and dependence, economists have stressed. If industry, policymakers, and diplomats act in concert, today’s tariff terror could become tomorrow’s trigger for transformation, they added. “The task ahead is

Mumbai: There will be no trading at the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Wednesday on the account of Ganesh Chaturthi festival. Trading in derivatives, equities, Securities Lending and Borrowing (SLB), currency derivatives and interest rate derivatives will remain shut for the day. The commodity derivatives segment will be closed

New Delhi: As the higher US tariffs against Indian goods set to come into effect from Wednesday (US time), sectors such as textiles and gems and jewellery — both labour-intensive industries — are expected to face moderate pressures while pharmaceuticals, smartphones and steel are relatively insulated due to exemptions, existing tariff structures and strong domestic

New Delhi: Fintech major PhonePe has announced the launch of its latest home insurance product line, designed to offer homeowners a simple and affordable solution to protect their homes. With premiums starting as low as Rs 181 (including GST) for coverage ranging from Rs 10 lakh going up to Rs 12.5 crore, buyers can insure