Even though more Indians now have access to banks, a large number of low-income families still depend on informal loans, such as from moneylenders or friends, according to a new report by Piramal Enterprises Ltd. The study shows that while bank account ownership has improved, access to formal credit is still out of reach for…
Imports into India rose 5.9 per cent on a year-on-year basis to an unprecedented level in the quarter ended June 30, showed official data released on Tuesday. At the same time, exports from the country increased 4.4 per cent.  The central government is monitoring the overall trade situation closely across commodities and categories, especially the…
The Ministry of Environment, Forest and Climate Change (MoEF&CC) has revised India’s 2015 emission norms for thermal power plants that asked for mandatory installation of flue gas desulphurisation (FGD) systems. The decision is likely to benefit about 79 per cent of the thermal plants of India. Industry experts asserted that new norms are likely to…
Union Commerce and Industry Minister Piyush Goyal shared key developments from the past week, reflecting the government’s continued push to strengthen India’s trade, industrial, and infrastructure landscape. In a high-level meeting with the Chairman of State Bank of India, along with top executives from other major banks, ECGC Ltd., and senior ministry officials, the minister…
Earth intelligence is emerging as a major growth avenue for technology providers, with the total direct revenue potential projected to hit nearly $20 billion by 2030, according to a new report by Gartner released on Wednesday. The sector is poised to shift from government dominance to becoming a private-sector-driven industry, with annual revenues forecast to…
Growth in India’s cement demand will recover to 6.5-7.5 per cent this fiscal (2025-26) after falling to 5 per cent in the recently concluded 2024-25 fiscal, according to a Crisil Ratings report. This, coupled with an uptick in realisations, will lift operating profitability by Rs 100 to a level just above the decadal average, the…