Economy

Centre may have to tweak VGF rules for strategic Rs 48,862-cr Galathea port

The Great Nicobar transhipment port project may require major tweaks to viability gap funding norms amid strategic imperatives, commercial risks and environmental concerns

NCGTC raises loan cap for large MFIs to ₹1,000 cr under guarantee scheme

Disbursements under the scheme are yet to begin, as microlenders had flagged that the ₹300 crore cap for large institutions was inadequate

India-Canada trade talks advance as Carney calls CEPA a 'game changer'

India and Canada have reaffirmed commitment to a balanced and ambitious CEPA, with both sides aiming to raise bilateral trade to $50 billion by 2030

Levying pending anti-dumping duties can save India $3 billion: Report

A report by C-DEP and Centre for WTO Studies says implementing pending DGTR recommendations could reduce forex outflow and support domestic industry with limited inflationary impact

India's grade A office vacancies may decline 50 bps in FY27: Crisil

Crisil Ratings says healthy leasing growth and steady demand-supply dynamics may reduce vacancy levels, though AI-led disruptions and geopolitical risks remain concerns

Experts seek import discipline, trade reforms amid West Asia tensions

Experts at a Think Change Forum roundtable called for tighter import controls, tax stability and faster trade remedies to protect India's economy from global disruptions

Enforcing anti-dumping duties can save India ₹28,540 cr annually: Report

The report has examined the effects of anti-dumping duties on downstream costs, inflation, MSMEs, domestic capacity, and investments

CNG price increased by ₹2 per kg in Delhi-NCR; fourth hike in two weeks

Indraprastha Gas Ltd has increased CNG prices across Delhi-NCR for the fourth time in less than two weeks amid elevated global energy prices due to the West Asia conflict

ICICI Bank's shares jump 2% after RBI okays Sandeep Bakhshi's reappointment

ICICI Bank shares gained after RBI approved the reappointment of Sandeep Bakhshi as MD & CEO for another two years starting October 2026

Quad ministers announce maritime, energy and minerals cooperation

Quad foreign ministers announced new initiatives on maritime security, critical minerals, energy resilience and undersea cable connectivity at their meeting in New Delhi

How extreme summers are starting to weigh on India's economic growth

Longer and more intense heatwaves are affecting jobs, farm output, electricity demand and health costs, raising concerns that India may be underestimating their economic impact

CNG price in Delhi raised by ₹2 to ₹83.09 per kg, fourth hike since May 15

Following the latest revision, CNG prices in Noida, Greater Noida, and Ghaziabad stand at ₹88.70 per kg, while rates in Mumbai are at ₹84 per kg

Searing Asian summer may heighten risks of global gas price surge

Conflict in West Asia has choked a fifth of global LNG supply, but that hasn't resulted in extreme price spikes seen during previous energy crises, mainly due to weak Chinese imports

India-Canada aim to conclude CEPA by year-end; triple trade by 2030: Goyal

Goyal said that he has arrived in Ottawa with the largest Indian business delegation in the country's history, showcasing India's commitment to the relationship

Crisil stress test reveals sectors facing risk, and those less affected

Crisil states 22 of the 34 sectors stress-tested could see operating profitability decline by over 10 per cent as companies may not be able to fully pass on higher costs to consumers immediately

Petrol, diesel prices raised for fourth time in less than two weeks

Fuel prices were raised by ₹2.61-2.71 per litre as oil marketing companies continue to face mounting losses amid elevated global crude oil prices

FM Nirmala Sitharaman flags 3 Fs: Fuel, fertiliser, foreign exchange

Says West Asia crisis bringing several uncertainties for businesses, common people

India turns to Latin America, Africa for crude oil amid West Asia crisis

In April and May, Indian refiners raised imports from Venezuela, Brazil, Angola and Nigeria to make up the shortfall, as well as continuing to buy Russian oil

India's FY27 fertiliser subsidy may top ₹3 trn if West Asia crisis persists

Krishna Kant Pathak, joint secretary in the Department of Fertilisers said that to solve the problem, India should now start looking at solutions

FM Nirmala Sitharaman pitches customised credit models for MSMEs

FM Nirmala Sitharaman urged SIDBI and banks to adopt customised, cash-flow-based lending instead of standardised credit products for MSMEs