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IFC Expands Infrastructure Investment Focus in South Asia with New Analyst Role

IFC Expands Infrastructure Investment Focus in South Asia with New Analyst Role

The International Finance Corporation (IFC), a member of the World Bank Group, is actively recruiting an Investment Analyst for its Asia Pacific Infrastructure Natural Resources Department, based in New Delhi, India. This role is part of IFC's strategic initiative to enhance its infrastructure business across South Asia. The selected candidate will be responsible for supporting the development of IFC's infrastructure projects, executing debt and equity investments, and supervising portfolio investments throughout the Asia Pacific region. The position emphasizes increasing access to basic infrastructure services, supporting local companies, and improving transparency and corporate governance. Additionally, the role involves exploring new equity investment opportunities, catalyzing foreign direct investments, and developing new financial products through Public Private Partnerships.

Fab India Plans IPO Amidst Omnichannel Retail Expansion

Fab India Plans IPO Amidst Omnichannel Retail Expansion

Fab India Plans IPO Amidst Omnichannel Retail Expansion

India's Maruti sees passenger vehicle market rising to up to 6.3 million units by 2031

India's Maruti sees passenger vehicle market rising to up to 6.3 million units by 2031

NEW DELHI, Aug 9 (Reuters) - India's largest carmaker, Maruti Suzuki India expects the domestic passenger vehicle market to grow to 6.1 million-6.3 million units by fiscal year 2030-31, driven by a revival in demand for small cars and a stronger sport utility vehicle segment, Chairman R.C.

Reserve Bank of India Proposes New Leverage Buffer for Global Banks' Indian Branches

Reserve Bank of India Proposes New Leverage Buffer for Global Banks' Indian Branches

The Reserve Bank of India (RBI) has proposed a new leverage ratio buffer for Indian branches of global systemically important banks (G-SIBs). This move is part of revised capital adequacy norms aimed at aligning India's regulations with the Basel Committee on Banking Supervision's 'Leverage Ratio 2017 Standard'. The draft directions require G-SIB branches in India to maintain a minimum leverage ratio of 3.5%, in addition to any leverage ratio buffer applicable to the parent global bank. The RBI has also proposed restrictions on capital distributions by a G-SIB branch if it fails to meet its leverage ratio buffer requirement. These changes are part of the draft Reserve Bank of India (Commercial Banks - Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, 2026, and are scheduled to come into effect from April 1, 2027. The RBI has invited comments on the draft directions until August 28, 2026.

India Explores Export Diversification Amid Potential U.S. Tariffs on Russian Oil

India Explores Export Diversification Amid Potential U.S. Tariffs on Russian Oil

India is considering diversifying its exports to other countries if the U.S. imposes tariffs of up to 100% on countries buying Russian crude. Economist SP Sharma suggests that India has a $200 billion market available across 15 other countries for products currently exported to the U.S. Despite strong trade ties with the U.S., India is not heavily dependent on the U.S. market and has several alternative export destinations, including Europe and West Asia.

India's Monsoon Deficit Persists Despite Recent Rainfall

India's Monsoon Deficit Persists Despite Recent Rainfall

Recent rainfall in parts of India, including Delhi, Haryana, and East Rajasthan, has slightly reduced the country's overall monsoon deficit. However, the cumulative rainfall deficit remains significant, with many agrarian states like Bihar, Jharkhand, Uttar Pradesh, Punjab, and Andhra Pradesh still experiencing deficient rainfall. The Indian Meteorological Department (IMD) reports that the national deficit decreased by only one percentage point, from 12% to 11%. The rains have come after the sowing of Kharif crops, which cover 88% of the sown area, resulting in only a minor reduction in acreage deficit. The IMD predicts increased rainfall activity in Bengal, Odisha, Jharkhand, Chhattisgarh, and Bihar from August 13, which may aid in the revival of paddy and maize sowing.

Offshore Banks Restrict Credit Card Issuance to Wealthy Indians Due to Regulatory Changes

Offshore Banks Restrict Credit Card Issuance to Wealthy Indians Due to Regulatory Changes

Several offshore banks in locations such as Zurich, Singapore, and London are pulling back on issuing international credit cards to wealthy Indian residents. This shift is attributed to a 2022 regulation by the Reserve Bank of India (RBI) that limits the duration resident Indians can hold idle money in foreign accounts to six months. The regulation, part of an overhaul of overseas investment norms including the Liberalised Remittance Scheme (LRS), has led to reluctance among international banks to offer credit cards linked to these accounts. The LRS allows residents to invest and spend up to $250,000 abroad annually. However, the 180-day deployment requirement under LRS is affecting the banking relationships of Indian families, as they have limited flexibility to maintain significant balances overseas.

Grant Thornton Bharat Expands Advisory Services for Mid-Market Companies

Grant Thornton Bharat Expands Advisory Services for Mid-Market Companies

Grant Thornton Bharat Expands Advisory Services for Mid-Market Companies

BRICS Education Roadmap Emphasizes Skills, AI, and Academic Mobility

BRICS Education Roadmap Emphasizes Skills, AI, and Academic Mobility

At the 13th BRICS Education Ministers’ Meeting in Bhubaneswar, member nations adopted a five-point declaration focusing on foundational learning, skills, research and AI, academic mobility, and institutional leadership. The roadmap promotes inclusive, people-centric education and aims to enhance cooperation among universities, researchers, and start-ups. It also addresses ethical AI use and academic mobility through mutual recognition of qualifications. The declaration aligns with India's priorities in education and innovation, seeking to strengthen the bloc's educational framework.

Economist SP Sharma Highlights India's $200 Billion Export Alternatives Amid Potential US Tariffs

Economist SP Sharma Highlights India's $200 Billion Export Alternatives Amid Potential US Tariffs

The Trump administration has signaled the possibility of imposing a 100% tariff on countries purchasing Russian crude, raising concerns about the impact on India's exports to the U.S. Economist SP Sharma has identified 15 alternative markets for Indian exports, which could potentially generate $200 billion in revenue. Despite the strong trade relationship between India and the U.S., Sharma emphasizes that India is not overly dependent on the U.S. market. In 2025-26, India's merchandise exports to the U.S. increased to $87.3 billion, showcasing resilience despite global trade uncertainties. Sharma suggests that higher tariffs could also negatively affect U.S. consumers by increasing prices, as India is a competitive supplier of labor-intensive goods.

Indian Government Considers Raising FDI Approval Threshold to Rs 15,000 Crore

Indian Government Considers Raising FDI Approval Threshold to Rs 15,000 Crore

The Indian government is contemplating an increase in the foreign direct investment (FDI) approval threshold from Rs 5,000 crore to Rs 15,000 crore. This proposal, currently under discussion, aims to enhance India's investment climate by simplifying the approval process for larger overseas investments. The Cabinet Committee on Economic Affairs (CCEA), which currently reviews FDI proposals exceeding Rs 5,000 crore, would see its threshold raised, allowing line ministries to handle more proposals independently. This change is part of a broader review of FDI rules, reflecting the government's commitment to ease-of-doing-business initiatives. The proposal also includes potential modifications to downstream investment rules, which could streamline the approval process for indirect foreign investments in Indian companies.

India Proposes Tax Exemption for Overseas Rough Diamond Sellers

India Proposes Tax Exemption for Overseas Rough Diamond Sellers

The Indian government has introduced a bill proposing a 15-year tax exemption for foreign companies selling rough diamonds in special notified zones (SNZs). This exemption aims to enhance India's position as a leading diamond-manufacturing hub by allowing small-scale manufacturers to buy directly from overseas sellers. The bill, which still requires ratification, would exempt proceeds from rough sales from being counted towards a company's taxable income, provided the sales occur in designated SNZs like Mumbai's Bharat Diamond Bourse. The move is expected to streamline operations and reduce unnecessary movement of rough diamonds.