NEW DELHI: Union commerce and industry minister Piyush Goyal’s recent three-day visit to Israel highlighted India’s growing role as a trusted and reliable partner on the global stage. Invited by Israel’s Minister of Economy and Industry, Nir Barkat, Goyal visited the country from November 20–22.“Today, India is emerging as a trusted friend and a reliable…
Rising production costs are putting pressure on consumer goods makers, but many are choosing to delay price hikes amid fears that any upward revision could trigger government action following the latest GST reductions.Executives from major firms in categories such as soaps, biscuits, detergents, automobiles and consumer electronics said they plan to approach the government and…
NEW DELHI: The finance ministry is considering an earlier proposal to merge the three state-owned general insurance companies into a single entity, following their improved financial health, to achieve better efficiency and scale.Government infused Rs 17,450 crore between 2019-20 and 2021-22 in three PSU general insurance companies, namely Oriental Insurance, National Insurance and United India…
Arvind Panagariya, chairman of the 16th Finance Commission (PTI file photo) Arvind Panagariya, chairman of the 16th Finance Commission, spoke to TOI after submitting the panel’s report. He speaks on a range of issues from growth prospects for the economy to reforms that need to be pushed. Excerpts:How do you see India’s growth prospects in…
When it comes to weddings, most Indians want them to be big, fat and bling. The wedding season is off to a strong start; hotels from Corbett to Bodh Gaya are booked as more Indians choose offbeat locales to tie the knot, shopping of Banarasi sarees, sherwanis, shoes and jewellery is in full swing and…
MUMBAI: Several global banks and economists expect a 25 basis points (100 bps = 1 percentage point) repo cut in Dec 2025, possibly ending the current easing cycle. Near-zero CPI inflation in Oct has strengthened confidence that RBI’s monetary policy committee can ease rates even if July-Sept growth exceeds the central bank’s forecast of 7%.A…
Mumbai: Adani Group‘s defence and aerospace unit is considering an acquisition of Flight Simulation Technique Centre (FSTC), India’s leading non-captive pilot training firm, people familiar with the matter said. If the deal goes through, it will mark the group’s entry into the aviation training business and ramp up its M&A portfolio.Established in 2012, FSTC has…
NEW DELHI: Magicbricks has released the rental Index for the July-Sept quarter, highlighting that the rental market is resetting after three quarters of strong activity. The report showed that average rents continued to strengthen, rising 4.4% quarter-on-quarter and 18.1% year-on-year, even as key metros displayed differing levels of tenant activity during this period.National rental demand…
The government is considering a plan to allow global tenders for a wide range of patented medicines — spanning weight-loss, cancer, cardiac and diabetes treatments — to support procurement for central healthcare agencies such as the armed forces’ medical services and the Employees’ State Insurance Corporation (ESIS).The plan is aimed at securing essential treatments that…
India’s equity markets are expected to see heightened volatility this week, driven by key domestic macroeconomic data releases, global market cues and foreign investor activity, analysts said. “This week, volatility may increase ahead of the November derivatives expiry. Domestically, markets will track several high-impact macro releases, including Q2 GDP data and industrial production,” Ajit Mishra,…
