Business

MUMBAI: The increase in the loan-to-value (LTV) ceiling provided in the RBI's final directions on gold loans will support the growth of non-banking financial companies (NBFCs) offering them, according to a Crisil report released on Friday.

NEW DELHI: Gold prices on the Multi Commodity Exchange (MCX) opened with a sharp jump on Friday, crossing the Rs 1 lakh mark per 10 grams.

NEW DELHI: The Directorate General of Training (DGT), under the Ministry of Skill Development and Entrepreneurship (MSDE), has joined hands with Shell India to launch a training programme that will skill the country’s youth for Electric Vehicles (EV) and green energy sectors, said the Ministry of Skill Development and Entrepreneurship (MSDE) on Friday.

NEW DELHI: Given the current inflation trajectory, headline inflation is projected to average 4 per cent this fiscal (FY26), from 4.6 per cent last fiscal, a Crisil report said on Friday.

MUMBAI: The Indian benchmark indices opened sharply lower on Friday as tensions escalated between Israel and Iran. Heaving selling was seen in the auto, IT, Financial service and PSU Bank sectors in the early trade.

NEW DELHI: Air India on Friday said that owing to the emerging situation in Iran, several international flights to the US, the UK and Canada were either being diverted or returning to their origin. The advisory came after escalating hostilities between Iran and Israel and the uncertainties over the airspace in the region.

NEW DELHI: India's inflation rate based on the Consumer Price Index (CPI) declined to 2.82 per cent in May this year compared to the same month of the previous year. This is the lowest level of retail inflation since February 2019, according to a statement issued by the Ministry of Statistics on Thursday.

SEOUL: South Korea's top central banker has emphasised the urgent need for economic stimulus to support recovery but warned of "serious side effects" if the government relies too heavily on such measures.

AHMEDABAD: Sardar Vallabhbhai Patel International Airport (SVPIA) officials here on Thursday said that all flight operations remain temporarily suspended until further notice, after Air India's London-bound Flight AI171 with 242 passengers (including crew members) aboard crashed near Ahmedabad airport.

NEW DELHI: Minister of Petroleum and Natural Gas, Hardeep Singh Puri, on Thursday said that over the last 11 years, India’s oil and gas sector has expanded steadily, from building modern refineries and pipelines to securing reserves and promoting cleaner fuels as part of the infrastructure revolution that is taking place in the country.

NEW DELHI: There has been more than 90 times rise in direct benefit transfer (DBT) in just a decade under the Prime Minister Narendra Modi-led government, Finance Minister Nirmala Sitharaman said on Thursday.

STOCKHOLM: Union Commerce and Industry Minister Piyush Goyal on Thursday said that the proposed comprehensive and meaningful India-EU Free Trade Agreement (FTA) underscores the collective commitment to forging stronger economic ties and a future of inclusive growth.

MUMBAI: The Indian stock market closed in the green after a volatile session on Wednesday, as Sensex rose 123.42 points or 0.15 per cent at 82,515.14 and Nifty was up 37.15 points or 0.15 per cent at 25,141.40.

NEW DELHI: Commerce and Industry Minister Piyush Goyal on Wednesday began his official visit to Sweden, aimed at reinforcing the existing robust economic relationship and identifying new opportunities for growth which are aligned with India's long-term economic objectives and global partnerships.

GENEVA: India has achieved a historic milestone in recording a 45 percentage point jump in the social security coverage of its population over the last decade to cover 94 crore people and is now being ranked second in the world on the dashboard of the International Labour Organisation (ILO).

NEW DELHI: India’s phenol market is expected to clock a healthy 8-9 per cent compound annual growth rate from this fiscal through 2030, outpacing the global market, according to a report on Wednesday.

BENGALURU: India’s artificial intelligence (AI) market is projected to triple to $17 billion by 2027, emerging as one of the fastest-growing AI economies globally, a report showed on Wednesday.

SEOUL: Household loans extended by South Korean banks rose sharply in May, central bank data showed on Wednesday, driven by an increase in housing transactions.

MUMBAI: The Nifty 50 and Sensex opened almost flat on Wednesday, as buying was seen in sectors like oil and gas and metal, while FMCG and PSU Bank were trading in the red.

NEW DELHI: Commerce and Industry Minister Piyush Goyal on Wednesday said he had a highly productive visit to Switzerland where he met several top industry leaders and key stakeholders to further strengthen trade ties between the two countries.

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MUMBAI: The National Stock Exchange (NSE) is waiting for the no objection certificate (NOC) from the capital markets regulator and once it is received, the stock exchange would begin the process of filing its draft red herring prospectus (DRHP) for a much-awaited initial public offering (IPO), Ashish Kumar Chauhan, Managing Director and CEO of NSE, has said.

MUMBAI: The Indian stock market has seen stupendous growth in the last 11 years under Prime Minister Narendra Modi’s government, Ashish Kumar Chauhan, Managing Director and CEO of the National Stock Exchange (NSE), has said, adding that this has resulted in huge growth in the number of investors across the length and breadth of the country.

NEW DELHI: Commerce and Industry Minister Piyush Goyal has invited Swiss companies to expand their footprint in India and take advantage of the country's dynamic and rapidly growing market.

NEW DELHI: The RBI monetary policy committee's (MPC) decision to go for a relatively mammoth cut, while changing the stance to neutral, should not be confused with a pause on future rate cuts trajectory in the medium term, but rather a semblance of adopting flexible manoeuvrability on part of a conscious regulator to diligently perform a new troika, a State Bank of India (SBI) Research report said on Tuesday.

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NEW DELHI: Finance Minister Nirmala Sitharaman, while inaugurating the Security Printing and Minting Corporation of India Limited’s (SPMCIL) new corporate office here, has said that the corporation’s role is pivotal in strengthening India's economic and security printing framework, and its commitment to innovation, self-reliance, and sustainability is commendable.

MUMBAI: The domestic benchmark indices extended their winning streak to the fifth consecutive session on Tuesday, opening with some moderate gains. However they trimmed early wins to trade a tad lower.

NEW DELHI: Amid all the tariff uncertainty, India’s macros remain on a strong foothold, an HSBC Mutual Fund report said on Monday, adding that it remains constructive on Indian equities supported by the more robust medium-term growth outlook.

NEW DELHI: Union Finance Minister Nirmala Sitharaman on Monday received a dividend cheque of Rs 8,076.84 crore on behalf of the government from the State Bank of India (SBI) for the financial year 2024-25.

NEW DELHI: Prime Minister Narendra Modi is leading one of the most transformative phases of Bharat's journey for the past 11 years as the country is creating new history today in every field from economy to technology, from society to inclusive development, Commerce and Industry Minister Piyush Goyal said on Monday