NEW DELHI: India is well placed to weather the current global energy shocks as risks are “cushioned by ample buffers” including high forex reserves, fiscal space and a well-capitalised banking system, World Bank said Thursday, while projecting average growth of 7.1% during FY28-FY29. The assessment comes a day after the multilateral lender raised its FY27…
NEW DELHI: After a gap of nearly two months, India and the US will hold talks on trade issues, with a team led by chief negotiator due to visit Washington soon. While dates are being finalised, US ambassador to India Sergio Gor said: “The US and India have previously agreed to a trade deal, and…
MUMBAI: With the US-Iran ceasefire in West Asia looking fragile, sensex gave up part of Wednesday’s gains to close 931 points lower at 76,632 points on Thursday as foreign funds continued to lead the selloff. Investors around the world were skeptical about the continuation of the truce that was announced on Tuesday as Israel, a…
BENGALURU: TCS remains optimistic about growth despite a muted FY26 performance, citing strong AI-led momentum and a steady deal pipeline. The company reported a 2.4% decline in constant-currency revenue-which excludes the impact of exchange rate fluctuations-while in dollar terms, revenue fell 0.5% to $30 billion. However, operating margin rose 70 basis points to 25%, a…
NEW DELHI: Shaktikanta Das, principal secretary to PM, on Thursday said that the West Asia crisis highlighted the importance of energy security and self-reliance, while asserting that India is seen as a “safe anchor” as it offers stability, predictability and prospects of long-term growth amid global uncertainty. “Even with all the turbulence around the world,…
NEW DELHI: Indian companies should secure additional funding and strengthen supply chains, while govt should consider emergency financing for MSMEs and tax reforms to mitigate impact of the ongoing West Asia conflict, according to a Ficci report. “The ongoing disruption in West Asia carries far-reaching implications for import-dependent economies, such as India, with likely impact…
The commerce ministry on Thursday held consultations with exporters to address disruptions in shipping, port operations and packaging arising from the ongoing West Asia crisis, PTI reported.Commerce Secretary Rajesh Agrawal chaired two meetings attended by Shipping Secretary Vijay Kumar, export promotion councils (EPCs), commodity boards, shipping lines, ports and exporters.Officials said the discussions focused on…
IMF chief Kristalina Georgieva on Thursday urged central banks to prioritise tackling inflation even at the cost of growth, warning that the global fallout of the US-Israel war on Iran will inevitably bring economic “pain”, PTI reported.“A word of caution upfront: this being a classic negative supply shock, demand adjustment is unavoidable. We cannot go…
The US economy grew at a sluggish 0.5% annual pace in the October–December quarter, lower than earlier estimates, as a prolonged government shutdown weighed on activity, AP reported.The Commerce Department revised down its estimate of fourth-quarter GDP growth from 0.7% to 0.5%, marking a sharp slowdown from 4.4% growth in the July–September period and 3.8%…
TOI correspondent from Washington: Iran has moved to reassert control over the Strait of Hormuz within hours of Israel’s continued strikes in Lebanon, putting a squeeze on shipping movement just 48 hours before talks are scheduled to commence in Islamabad. Tehran’s actions—ranging from enhanced inspections to outright halts of tankers—have contradicted US claims that the…
