According to the report, India’s MSME credit gap stood at around Rs 25 lakh crore as of March 2025. India’s digital payments ecosystem may be among the world’s most advanced, but millions of small businesses continue to struggle for access to formal finance, with only 14 per cent of micro, small and medium enterprises (MSMEs)…
New Zealand foreign minister and New Zealand first leader Winston Peters has accused the National Party-led government of ‘covertly’ introducing immigration changes that unfairly target Indian citizens under the proposed India-New Zealand Free Trade Agreement (FTA), while the government has rejected the allegations as misinformation.In a series of posts on X and later during the…
PPI captures the prices relevant for the production process without being complicated by inclusion of indirect taxes net of subsidies or wholesalers’ margins. (AI image) By DK Srivastava, Chief Policy Advisor, EY IndiaConventionally, in India, two major price indices namely Wholesale Price Index (WPI) and Consumer Price Index (CPI) have been prepared periodically. The WPI…
US judge: No quick dismissal of Adani case A US judge ordered the Justice Department on Friday to justify its decision to drop criminal charges against Indian billionaire Gautam Adani, declining to rule immediately on Adani’s lawyers’ request to dismiss the case.Brooklyn-based US District Judge Nicholas Garaufis said federal prosecutors’ May 18 announcement that they…
Exporters flag concerns over revised Fema rules Exporters have flagged at least half-a-dozen concerns on the revision in Fema rules that come into effect later this year, with the Reserve Bank of India considering several of the proposals favourably, industry executives said. RBI governor Sanjay Malhotra had met industry bodies on Thursday. Federation of Indian…
OpenAI has appointed Prabhjeet Singh, Uber’s president for India and South Asia, as its managing director for India, marking one of the company’s most significant senior hires in the country as it looks to deepen its presence in one of its top priority markets. Singh will join OpenAI in Sept and report to Kiran Mani,…
Goldman Sachs and EY on Friday said that the easing of West Asia crisis and lower energy prices will be positive for the Indian economy, supporting growth, easing inflationary pressure and helping rein in fertiliser subsidy, which was seen to be double the budgeted level. “…with the recent downward revision in the oil price forecast……
BENGALURU: Corporate boardrooms are witnessing a quiet but significant shift: directors are becoming AI’s newest apprentices. The change reflects a growing recognition that AI’s impact extends far beyond technology. Directors are increasingly seeking a deeper understanding of how the technology can reshape operations, improve productivity and alter competitive positioning. In many companies, AI has become…
Make use of FTAs, other schemes to boost shipments, government tells businesses NEW DELHI: Govt has asked businesses to make use of the free trade agreements (FTAs) and schemes beyond interest subsidy, which are part of the Export Promotion Mission to boost shipments from the country. Commerce and industry minister Piyush Goyal had met export…
MUMBAI: HDFC Bank said that claims made by former chairman Atanu Chakraborty in his resignation letter, and subsequent remarks about the bank going against his ethics and values, were not substantiated by the bank’s records. “The minutes of the meetings Mr. Chakraborty attended were a product of a comprehensive drafting, review and approval process that…
