BUSINESS
Sitharaman asks banks to ensure round-the-clock firewalling, prioritise cash in ATMs in review meet on cybersecurity
Phishing attempts are being closely monitored and bank employees have received internal alerts to boost cyber awareness, banks said.
BUSINESS
No cut likely in capex, social sector spending in FY26, India has fiscal buffers, say economists
However, any further escalation on the geopolitical front is likely to add further depreciation pressure on the rupee and bond yields.
BUSINESS
PMSBY enrolment cross 51-crore mark in April, up 443% in 10 years
Launched in May 2015, the PMSBY provides a Rs 2 lakh accident insurance cover to individuals aged between 18 and 70 holding a savings bank account at an annual premium of Rs 20
BUSINESS
Nirmala Sitharaman to review cybersecurity prep of banks amid escalating India-Pakistan conflict
The meeting this evening comes as worries about a cyberattack on India's banking infrastructure mount over growing intensity of drone and missile attacks between the two countries
BUSINESS
Govt asks RBI, NPCI, others to amp up cyber security amid widening conflict with Pakistan
The finance ministry's advisory follows similar alerts by CERT-In and RBI to step up security against possible cyberattacks
BUSINESS
Millet biscuit is taxed, millet powder is not: GoM on GST rate rationalisation to review food classification
Sources say millet-based goods, popcorn, and donuts show why misclassification in food persists. Maharashtra, Karnataka, and Kerala asked to share inputs.
BUSINESS
Operation Sindoor: Fallout will depend on the scale of escalation, says former NITI Aayog V-C
Rajiv Kumar warns of economic repercussions, including flight of capital and increased fiscal pressure, if India-Pakistan conflict escalates further
BUSINESS
India-UK FTA to boost market access, signals shift to bilateral trade: Sitharaman
Finance minister Nirmala Sitharaman says bilateralism is the ‘order of the day’ as India and the UK seal historic free trade agreement
BUSINESS
India pushes bilateral trade deals amid rising global uncertainty: Sitharaman
Amid weakening multilateral systems and rising global protectionism, Finance Minister emphasised urgency in forging trade pacts.
BUSINESS
India building long-term, asset-based strategy to bolster supply chains: Sitharaman
India is leveraging human capital, technology and digital infrastructure to deepen manufacturing and services-led growth, Finance Minister Nirmala Sitharaman said.
BUSINESS
Govt may begin offloading minor stakes in five PSU banks via OFS in FY27; strategic sale deferred for now
The Centre may go for the Offer for Sale route to sell stakes in Bank of Maharashtra, IOB, UCO Bank, Central Bank of India, and Punjab and Sind Bank next fiscal.
BUSINESS
India, Italy discuss deeper trade ties in clean energy, agri-tech: Finmin
PLI incentives, fintech collaboration and MDB reforms figure in bilateral talks at ADB meet
BUSINESS
Studying verdict, exploring all options: DFS Secy on SC order against JSW-Bhushan deal
The SC order declaring JSW's acquisition of Bhushan Private Limited illegal has led to concerns in the government on the likely impact of the judgement on business sentiment
BUSINESS
Govt 's FY26 disinvestment push likely to feature OFS in Coal India, LIC, RVNL, GRSE
After a successful Rs 5,000-crore OFS in Mazagon Dock Shipbuilders at the start of FY26, Centre lines up stake sale in more PSUs to drive non-tax revenues
BUSINESS
Why govt wants mutual fund managers to recommend PSU stocks as DIPAM pitches a PSU makeover
Corporate governance reforms, improved risk appetite and dividend strength form the Centre’s pitch. Mutual fund managers remain cautious on valuation gaps and growth concerns.
BUSINESS
ED raids Surana Group, Sai Surya Developers in money laundering case
The developers are under the ED scanner for duping investors of more than Rs 3 crore in a Hyderabad land venture
BUSINESS
Tariffs may cut merchandise exports to US by 5%, slow industry output: Former Commerce Secretary G K Pillai
Tariff unpredictability could hit Indian industry output and trigger trade diversion; services exports are expected to grow by 6 percent, says Pillai.
BUSINESS
Rains to the rescue! Economists cheer above-normal monsoon forecast, but heatwaves remain a spoiler
A durable reduction in food inflation, an uptick in rural demand, and support for economic growth amid external headwinds are the likely outcomes of an above-normal monsoon.
BUSINESS
DIPAM to fast track sale of 2 Air India subsidiaries, may invite EOIs this month
Strategic disinvestment of AIESL, AIASL, and Alliance Air gathers pace as the Centre looks to revive stalled asset sale process and meet FY26 receipts target
BUSINESS
Sinking oil prices to reduce India’s import bill, moderate inflationary pressure: Experts
Lower crude oil prices would give state-run oil marketing companies the headroom to cut retail fuel prices, left unchanged despite sinking oil prices. The OMCs have cited high volatility in crude oil prices in keeping pump prices unchanged.
BUSINESS
DIPAM builds in-house policy model to guide FY26 disinvestment push
The new framework ties dividend policy, market trends and asset valuation to optimise stake sale decisions in CPSEs
BUSINESS
India seeks concessions on agri products in return for auto tariff cuts in trade deal with US
New Delhi is fast-tracking talks for the trade deal with the US and is hoping to close the first tranche by August-September, according to people aware of the matter.
INDIA
PSUs likely to meet capex target of Rs 3.5 lakh crore in FY26: DIPAM Secretary
Arunish Chawla says CPSEs met capital spending targets in FY25 and are on track for next year as well
BANKS
IDBI Bank sale: Data room access and valuation exercise underway, says DIPAM secretary
The development marks a significant step in the government’s efforts to privatise the lender and achieve its broader disinvestment goals in the current financial year
