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India has 'strongest growth outlook', will expand at 6.7% this fiscal, says WEF survey
India continues to have the "strongest growth outlook" among the geographies covered in the World Economic Forum's Chief Economists Outlook report. According to the survey, India's growth is likely to come in at 6.7 percent in 2026-27, reflecting "continued resilience in domestic demand". "Growth is...
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Forex inflows under RBI swap facility rise to USD 143.6 billion
Foreign exchange inflows under the Reserve Bank of India's special USD-INR forex swap facility have risen to USD 143.60 billion, with Foreign Currency Non-Resident (Bank) or FCNR(B) deposits increasing by about USD 5.75 billion from the provisional figure reported earlier this month.
According to a...
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India, Chile working towards CEPA, top official says
India and Chile are working towards a Comprehensive Economic Partnership Agreement (CEPA) to deepen bilateral trade, investment and economic cooperation, a top official has said.
Noting that bilateral trade between the two nations exceeded USD 5.6 billion in 2025, Chile Ambassador to India, Juan An...
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Rs 2 lakh crore bonanza: GST's one-year old tax gift showing up in cars, TVs and revenues
India’s GST cuts, which came into effect on September 22, 2025, appear to have done more than simply lower sticker prices. A year on, they are reshaping what consumers buy-- from two-wheelers and entry-level cars to larger television screens-- even as higher input costs and geopolitical uncertainty ...
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India growth seen moderating in second half of FY27 as inflation, liquidity pose risks: DBS
India's economy is likely to lose some momentum in the second half of fiscal 2026-27 as tighter financial conditions, elevated energy prices and unfavourable base effects weigh on activity, while broadening inflation pressures could keep monetary policy focused on price stability, DBS Bank economist...
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India’s monsoon weakest in 10 years: What it means for crops, rural demand and consumer stocks
India’s southwest monsoon has turned out to be the weakest in ten years. Rainfall so far has come in nearly 15% below normal, according to a report by Nomura. That is sharper than the season’s original forecast of a 10% deficit.
September has been particularly dry. Rainfall this month has been ar...
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Core sector growth slows to 3-month low 4.8% in Aug
Growth in the output of India’s core industries fell to a three-month low of 4.8% in August. Six of the nine sectors saw slower growth last month, data released by the Department for Promotion of Industry and Internal Trade on Monday showed.
The six core sectors, where output growth was slower in...
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Examining US tariff law on Russian oil purchase: Goyal
India is examining the details of the new US legislation that gives President Donald Trump the power to impose tariffs of up to 100% on countries buying Russian oil and gas, Commerce and Industry Minister Piyush Goyal said on Monday.
Asked about the government’s backup plan in case Washington imp...
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April-Aug import bill spikes $24.4 bn on costlier crude
India spent an additional $24.4 billion on crude oil imports during April-August despite importing virtually the same quantity as a year earlier, due to elevated global prices. The import bill surged 48.4% to $74.8 billion from $50.4 billion a year earlier, even as volumes fell 0.4% to 100.7 million...
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| Global Economy |
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EU and Philippines Reach 'Substantial Agreement' on Free-Trade Deal
European Commission President Ursula von der Leyen said in a post on X on Tuesday that she had spoken to Philippine President Ferdinand Marcos Jr. and that they had just agreed on a free-trade deal.
• European Commissioner for Trade and Economic Security Maroš Šefcovic and Philippine Trade Secret...
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Brazil to Use Uruguay's Surplus of Beef Export Quota to China, Lula Says
Brazilian President Luiz Inacio Lula da Silva said on Monday that Uruguay had authorized Brazil to use the surplus from its beef export quota to China.
"I expressed my gratitude for the authorization granted to Brazil to use the surplus from Uruguay's beef export quota to China," Lula wrote on X...
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US wants to redraw Gulf’s energy map with a $5 billion bet beyond Hormuz: Report
The Trump administration has proposed investing $5 billion in a new fund to help Middle Eastern countries rebuild energy infrastructure damaged during the Iran war and reduce their dependence on the Strait of Hormuz for transporting oil and gas, The Wall Street Journal reported on Tuesday.
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German Institutes Raise 2026 and 2027 Economic Growth Forecasts, Handelsblatt Reports
Germany's leading economic institutes have raised their forecasts for economic growth in Europe's largest economy for this year and next, Handelsblatt reported on Monday.
• The German economy is forecast to grow 1.3% in 2026, compared with an earlier forecast of 0.6%, Handelsblatt reported citing...
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AI Could Boost LatAm, Caribbean Economy 5.1% but Wages May Fall, IDB Says
Broad adoption of artificial intelligence could leave the economy of Latin America and the Caribbean 5.1% larger after a decade, but wages could fall by as much as 20.9% if workers cannot move into jobs expanding with AI, according to forthcoming research from the Inter-American Development Bank....
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Exclusive-Fed's Musalem Says More Rate Hikes Likely Needed to Quell Inflation
The Federal Reserve will likely need to hike interest rates further to lower inflation resulting from strong demand as well as a commodity price shock that has moved beyond oil, St. Louis Fed President Alberto Musalem said on Monday, adding that it would be better for the US central bank to act soon...
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Bank of Korea to Assess Inflation, Growth for Rate Hikes, Board Member Says
A board member of the Bank of Korea said on Tuesday the central bank will determine the timing and pace of further interest rate hikes by closely assessing inflation, economic growth and financial stability....
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| Market & Finance |
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Indian bonds steady as RBI rate hike expectations strengthen
Indian government bonds were broadly unchanged in early deals on Tuesday, as market participants braced for more liquidity removal ahead of next month's monetary policy decision, when an interest rate hike is largely priced in.
The benchmark 6.94% 2036 bond yield was at 7.0516%, as of 10:30 a.m. IS...
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PhonePe gets in-principle approval for two UAE payment licences
PhonePe has received in-principle approval from the Central Bank of the UAE (CBUAE) for two payment licences, marking its first international market entry. The approvals cover Retail Payment Services and Card Schemes (RPSCS), and Stored Value Facilities (SVF).
The approval follows the completion ...
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Bond yields are rising. Where are debt fund investors putting their money now?
Debt fund investors are becoming more selective. With bond yields high and the rate outlook uncertain, they are choosing carefully where to park their money.
The latest mutual fund data shows the shift. Debt funds attracted Rs 1.88 lakh crore in July. In August, they saw an outflow of Rs 8,127 cr...
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Global Diesel Prices Hit Record Highs, Further Rises Possible
Diesel prices have rallied in Europe and the United States to record highs as wars in Iran and Ukraine sharply cut exports from some of the biggest producers such as Russia, Saudi Arabia and the United Arab Emirates, with little options to prevent further gains.
Diesel futures in Europe closed at...
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Source - Yahoo India Finance @ 11:09 |
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| Indian Corporate |
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KEC order book crosses Rs 39,000 crore in FY27: Check T&D order inflows, FY27 guidance
KEC International’s order book crossed Rs 39,000 crore so far in FY27. The company also had L1 orders worth nearly Rs 3,000 crore, taking its total order book plus L1 position to more than Rs 40,000 crore. The tender pipeline stood at over Rs 2 lakh crore, providing strong visibility for future orde...
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Microsoft opens 4th data centre in India under $20.5 billion investment commitment
Global tech firm Microsoft launched its new data centre, the India South Central data centre region in Hyderabad, as part of its $20.5 billion investment commitment to the country. Leading conglomerates like Adani Group, Bajaj Finserv, HDFC Bank and PB Pay have already signed up for the facility.
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Waaree Energies bags 2 GW solar module order: All eyes on the revenue pipeline
Waaree Energies bagged a contract for the supply of solar modules to a prominent solar developer on Monday. The announcement was made after market hours on Monday. The Mumbai-based firm will supply solar modules to the client for two consecutive financial years.
Waaree Energies contract details
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| Global Corporate |
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Lockheed Wins US Army Missile Contract Worth up to $1.2 Billion
Lockheed Martin said on Monday it had secured a contract worth up to $1.2 billion from the US Army to produce the Increment 2 variant of the Precision Strike Missile (PrSM).
• PrSM is the Army's next-generation long-range precision strike weapon, designed to replace the Army Tactical Missile Syst...
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Saudi's Ceer Unveils First EVs in Bid to Build Regional Auto Powerhouse
Saudi startup Ceer made public its first two fully electric vehicle models on Monday and said it will launch five more models by 2030 as part of Saudi Arabia's goal to create a viable auto industry to curb the country's dependence on oil.
Called Exobot, the futuristic premium electric sedan and S...
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