The Economic Times
The Economic Times RBI Annual Report highlights surge in FDI and INR stability amid global turbulence
The Reserve Bank of India's Annual Report for 2023-24 underscores India's strong FDI inflows and the stability of the Indian Rupee, despite global economic uncertainties. These achievements reflect robust macroeconomic fundamentals and increased investor confidence in the Indian economy, the apex bank said.
The Economic Times RBI says its balance sheet increases by 11.08% YoY in FY24
RBI’s income increased 17.04% Y-o-Y to Rs 2.75 trillion. The increase was mainly due to profit from foreign exchange sales.
The Economic Times Government's thrust on capex, fiscal consolidation paint bright picture for Indian economy: RBI
he outlook for the Indian economy remains bright, backed by a sustained strengthening of various macroeconomic fundamentals, robust financial and corporate sectors, said Reserve Bank of India in its annual report published on Thursday.
The Economic Times Ahead of poll results, S&P Global raises India outlook to positive
Irrespective of the election results it expects the incoming government to carry on economic reforms to support the growth vigour, continued infrastructure investment drive, and commitment to fiscal consolidation.
The Economic Times Fiscal deficit may fall below revised estimate of 5.8%
The Indian government's fiscal deficit could be slightly lower than revised estimates of 5.8% of GDP due to robust revenues and lower subsidy outgo. Tax revenues could exceed the revised estimate by ₹27,000 crore. The fiscal deficit in absolute terms is pegged at ₹ 17.3 lakh crore. Direct tax receipts are expected to exceed revised estimates by about Rs 14,000 crore, while indirect revenues, including customs and excise duty, by Rs 13,000 crore.
The Economic Times ADB commits USD 2.6 billion in sovereign lending to India
Asian Development Bank (ADB) committed USD 2.6 billion (about Rs 21,500 crore) in sovereign lending to India in 2023 for various projects. The fund is aimed to strengthen urban development, support industrial corridor development, promote power sector reforms, build India's climate resilience, and enhance connectivity.
The Economic Times Work overnight for FPI tax papers: Sebi tells big four firms
At a meeting on Tuesday, the Indian capital market regulator has told the accounting biggies in no uncertain terms to generate the mandatory 'confirmation certificate' overnight so that offshore funds managers can repatriate the money from the sale of stocks here to other international markets the very next day.
The Economic Times Capital goods train delay hits India Inc's capex plans as manufacturers in China & Southeast Asia embark on their own expansion plans
Geopolitical tensions and the Red Sea crisis have increased delivery times for machinery, affecting production lines and capital goods planning for Indian companies like Amber Group and Havells India.
The Economic Times SBI to sell guarantees of Reliance Naval promoter
The bank, in a notice on its website, said that it has principal outstanding dues of Rs 1,160 crore and total dues of Rs 3,512 crore, as of May 31, 2024. The bank stated that it is seeking to assign the residual debt along with the guarantee. Nikhil Gandhi and his brother Bhavesh Gandhi have provided personal guarantees while SKIL Infrastructure provided corporate guarantees on the loan.
The Economic Times IRDAI probes Care Health's stock option issue to Saluja
IRDAI revealed that a probe into stock option allotment to Saluja is on in response to a query raised by Rahul Kanoj under the Right to Information Act (RTI) to the insurance regulator. The regulator said in its response, "The information sought is not furnished as the same would impede the process of investigation or apprehension." ET has seen IRDAI's response to the RTI query.
The Economic Times Meeting with PM Modi proved to be turning point for Bharti Airtel: Sunil Mittal
Mittal recalled his meeting with Modi during an interview with ET after Airtel crossed the milestone of $100 billion market cap on May 27 after overcoming various adversities in its almost three decades of existence.
The Economic Times Indian products worth $ 1.3 billion could be affected due to European Union's trade barrier
A new law seeks to ban products such as palm oil, coffee, cattle, cocoa, rubber, soy, timber, printing paper, and derived products like leather, chocolate, tyres, and furniture that originate from land deforested after December 31, 2020.
The Economic Times ITAT rules NCD redemption premium as interest income, not capital gains
The tribunal’s decision aligns with the view that redemption premiums constitute interest, considering the issuance terms of the NCDs.
The Economic Times Boost for Indian economy! S&P upgrades India’s credit rating outlook to ‘positive’ from ‘stable’
S&P Global Ratings has maintained India's sovereign rating, upgrading outlook to 'positive' due to the significant positive impact of India's strong economic growth on credit metrics. The credit rating was, however, maintained at 'BBB-'.
The Economic Times Some Indian ARCs are circumventing rules, says RBI's Swaminathan
RBI Deputy Governor Swaminathan J. disclosed in a recent speech that some Indian Asset Reconstruction Companies (ARCs) have been skirting regulations, aiding in the "evergreening" of distressed assets. The RBI has ramped up supervision to curb systemic risks and ensure compliance. Swaminathan urged ARC boards to prioritize assurance functions like risk management and internal audit to identify and mitigate risks effectively.