NEW DELHI: Fair trade regulator CCI has directed Aditya Birla firm UltraTech, which now owns south-based cement firm India Cements, along with two other makers and their executives to submit financial documents, after its director general in its investigations found contravention of competition norms.The Competition Commission of India (CCI) has also directed Dalmia Bharat Cements…
Gold rose – putting it on track for a 2% weekly gain – as President Donald Trump said some US trading partners would face tariffs from Aug 1. Bullion rose 0.5% to around $3,340 an ounce on Friday as investors weighed the latest trade comments from the president, who said the administration will start sending…
MUMBAI: India’s retail lending sector slowed notably in FY25, as a mix of economic headwinds, regulatory tightening, and shifting borrower behaviour led to a broad-based moderation in credit growth. According to CRIF High Mark’s annual How India Lends FY25 report, the deceleration was especially visible in home loans and personal loans, which have traditionally anchored…
Union minister Ashwini Vaishnaw (Image credits: ANI) India is steadily building its electronics manufacturing capabilities and is on course to achieve a value addition of 38%, comparable to China’s, within the next five years, Union minister for electronics and IT, railways and information & broadcasting Ashwini Vaishnaw said on Thursday.During an ET roundtable, Vaishnaw said…
Gold rate today: Gold prices declined sharply by Rs 600 to Rs 99,020 per 10 grams in Delhi on Friday, driven by fresh selling from stockists and a stronger US dollar, according to the All India Sarafa Association.The yellow metal of 99.9% purity had closed at Rs 99,620 on Thursday. Gold of 99.5% purity also…
India’s Competition watchdog, the Competition Commission of India (CCI) has directed UltraTech Cement — which now controls India Cements — along with Dalmia Bharat and Shree Digvijay Cement, to furnish detailed financial records and income tax data following a Director General (DG) report that flagged violations of competition norms in a tendering process by ONGC.In…
NEW DELHI: The Petroleum and Natural Gas Regulatory Board has revised the pipeline tariff norms with the aim of reducing wheeling cost for city gas service companies and expanding access to cleaner fuel in underserved areas.The revised norms have rationalised the tariff zones, which are based on wheeling distance, to two from three that existed…
Reliance Jio may have outpaced Bharti Airtel in both overall revenue and per-user revenue growth in the June quarter, aided by strong additions in its high-paying fixed wireless access (FWA) home broadband segment, analysts said ahead of the telecom sector’s first-quarter earnings.Market leader Jio is expected to report a 1.8% sequential jump in average revenue…
The free trade agreement between India and the European Free Trade Association (EFTA) is likely to be implemented in the next couple of months, Commerce and Industry Minister Piyush Goyal said on Friday.India and the four-nation EFTA bloc—comprising Switzerland, Norway, Iceland, and Liechtenstein—had signed the Trade and Economic Partnership Agreement (TEPA) on March 10, 2024….
Market regulator Sebi’s sweeping action against global proprietary trading firm Jane Street has triggered wider concerns about India’s options markets, with Zerodha founder and CEO Nithin Kamath warning that the crackdown, while justified, could adversely affect retail trading activity and hit exchanges and brokers.“You’ve got to hand it to SEBI for going after Jane Street….