NEW DELHI: Reforms undertaken by India’s official statistical machinery in recent years have led to updating of macroeconomic indicators, improved data dissemination, introduction of new and user demand-based surveys, laying the foundation for a more robust, credible and future ready statistical system, principal secretary to PM PK Mishra said Monday. Addressing an event on Statistics…
MUMBAI: :Stress is emerging in the micro-borrower segment of the MSME industry, particularly for loans with ticket sizes below Rs 2 crore, even as larger enterprises remain relatively resilient amid geopolitical headwinds, tighter working capital conditions, and global supply chain pressures. The divergence in asset quality across MSME segments has widened, with micro borrowers showing…
Persistent CEO backs protocols amid Nagarro stock rally scrutiny BENGALURU: Responding to concerns over unusual trading activity in Munich-based IT firm Nagarro’s shares ahead of the deal announcement, Persistent Systems CEO Sandeep Kalra said the company followed “a very strict protocol” and tightly controlled access to the transaction. His comments came after Nagarro chief executive…
NEW DELHI: The Union cabinet has cleared fresh investment commitment of Rs 30,000 crore towards new funds being set up by National Investment and Infrastructure Fund (NIIF) as it seeks to leverage the additional resources to raise money from other investors. NIIF intends to set up a second infrastructure focused fund and will also support…
Quick commerce race intensifies as Amazon, Flipkart level up MUMBAI: Amazon and Walmart’s Flipkart have made it clear that they are not going to play on the sidelines in India’s quick commerce battlefield. Big money, aggressive dark store expansion, discounts, cashbacks—everything is on the table. Listed players Eternal—which owns Blinkit—and Swiggy are jittery despite sitting…
Wall Street started the week on a stronger note, with major US indices rebounding after a rare spell of losses as heavyweight technology stocks lifted investor sentiment.The Dow Jones Industrial Average stood at 52,174.42, up 0.58%, while the Nasdaq Composite was at 25,495.20, gaining 0.78%, and the S&P 500 reached 7,390.14, rising 0.49% around 8…
The Centre is planning to roll out a Rs 5,000 crore scheme over the next three months to promote the adoption of cleaner technologies in the steel sector as part of efforts to reduce carbon emissions The Centre is planning to roll out a Rs 5,000 crore scheme over the next three months to promote…
The 30-share BSE Sensex fell 372.10 points, or 0.48%, to settle at 76,728.37. During the session, it dropped as much as 478.72 points, or 0.62%, to 76,621.75. Benchmark equity indices Sensex and Nifty ended lower on Monday as renewed hostilities between the US and Iran and a rise in global crude oil prices dented investor…
More than a quarter of the country’s nearly 6,000 bond issuers carried AAA ratings at the end of the first quarter, while another 32% were rated AA+, according to the Securities Association of China. In comparison, fewer than 1% of outstanding US corporate bonds carry AAA ratings, Bloomberg data showed. In a move that could…
Concerns over the country’s fiscal outlook intensified after crude oil prices surged amid the conflict in the Middle East. (AI image) US-Iran war impact: India is well positioned to absorb a fiscal deficit that may be more than the current projections this year without putting its investment-grade sovereign rating at risk, according to Moody’s Ratings,…