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29-October-2025
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 Indian Economy
 
Return of coal threatens India's emission commitments
India's international climate commitments are tied to its domestic policies, much like other nations' -- so much so that the government has tried to time reforms in the electricity and emission sectors with its periodic pledges on emission reduction initiatives to the United Nations. But what thr...

8th Pay Commission's key terms get Cabinet nod; implementation likely from January 2026
The Union cabinet, headed by Prime Minister Narendra Modi, on Tuesday approved the terms of reference for the eighth central pay commission, which has been appointed to revise the salaries and pensions of 5 million central government employees and 6.9 million pensioners. The commission will be he...

Slowdown in India's industrial output in H1FY26 will be offset in H2FY26 by GST reforms and festive boost: Report
The slowdown in India's industrial output during the first half of the financial year 2025-26 (H1FY26) is expected to be offset by the Goods and Services Tax (GST) rationalisation, early arrival of the festive season, and lower inflation, according to a report by Bank of Baroda. The report signal...

September IIP growth slowest in 3 months at 4%
Index of Industrial Production (IIP) growth rate for the month of September 2025 recorded at 4% year-on-year, unchanged from the quick estimate for August 2025. The Quick Estimates of IIP stands at 152.8 against 146.9 in September 2024. Here are the key highlights. The growth rates of the thre...

55% hike in non-urea fertiliser subsidy approved for rabi season
To insulate farmers against the rise in global prices of soil nutrients, the Cabinet on Tuesday approved a subsidy of Rs 37,952 crore for phosphatic and potassic (P&K) fertilisers for the rabi 2025-26 season (October-March) under the nutrient-based subsidy (NBS) mechanism. The allocation for NBS ...

 
 Global Economy
 
Reeves vows to 'defy' gloomy economic forecasts
The chancellor has vowed to "defy" gloomy forecasts for the UK economy after it emerged the government is facing a bigger-than-expected hole in the public finances. The BBC understands the official forecaster, the Office for Budget Responsibility (OBR), is set to downgrade the UK's productivity p...

Australia's Q3 Inflation Accelerates, Crushing Rate-Cut Hopes
Australian consumer prices jumped by the most in 2-1/2 years in the September quarter as electricity and travel costs climbed, while a shockingly large increase in the core inflation reading seemed to rule out any imminent rate cuts. Investors gave up any remaining hopes for a rate cut from the R...

Taiwan Third-Quarter Economic Growth Likely Slowed on Tariff Impact: Reuters Poll
Taiwan's trade-reliant economy likely grew at a slower pace in the third quarter of 2025 compared with the prior three months, according to a Reuters poll released on Wednesday, with strong tech demand counterbalanced by the impact of U.S. tariffs. Taiwan's gross domestic product is expected to h...

China's Factory Activity Expected to Fall as Demand Dwindles: Reuters Poll
China's factory activity likely shrank for a seventh month in October, underscoring the need for further stimulus to bolster domestic demand, as producers' efforts to offload goods abroad merely exported the price wars weighing on them at home. A Reuters poll of 28 economists forecast the officia...

Japan Says Economy Recovering Led by Capex in October
Japan's government saw that the economy in October was recovering moderately because of solid capital expenditures in a monthly report issued on Wednesday. The government report also reiterated its cautiously optimistic outlook that the economy, the world's fourth-largest, is expected to recover ...

 
 Market & Finance
 
Key financial rule changes in November 2025: Deposit account bank nomination, life certificate, SBI Card and more
As the new month is about to begin, several key financial rule changes are set to come into effect in November 2025. These changes will impact bank customers, credit cardholders, and central government employees. From allowing multiple nominations for bank accounts and lockers to revised SBI Card...

India’s $200 million-an-hour IPO boom shows rise of local investors
Six-and-a-half hours. That’s all it took for LG Electronics India Ltd.’s $1.3 billion initial public offering to be fully sold on Oct. 7, marking the fastest take-up in 17 years among major Indian IPOs. It’s offerings like LG’s, the nation’s third biggest for this year, that have made India one o...

Sebi proposes to change MF biz playbook
Sebi has proposed a significant overhaul of the fee structure of the mutual fund industry as it seeks a transparent break-up of costs that fund houses charge investors. The move is part of the regulator’s effort to ease rules, improve transparency, and reduce costs for unit holders. In a consulta...

 
 
 
 
 
 
 
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 Notifications
 
CUSTOMS
Notification No. 67/2025
(Delhi) 28-10-2025
G.S.R……. (E). – In exercise of the powers conferred by section 75 of the Customs Act, 1962...
RBI
RBI/2025-26/94
(Delhi) 27-10-2025
Implementation of Section 51A of UAPA,1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendments to 01 Entry ...
CUSTOMS
Notification No. 66/2025
(Delhi) 27-10-2025
G.S.R. 777(E). - In exercise of the powers conferred by clause (aa) of sub-section (1) read with sub-section (2) of section 7 of the Customs Act, 1962...
INCOME TAX
Notification No. 154/2025
(Delhi) 27-10-2025
G.S.R. 789(E).—Whereas, the Agreement and Protocol between the Republic of India and the State of Qatar for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, was signed at New Delhi on the 18th day of February, 2025...
 
 Indian Corporate
 
L&T weighs doing a Tata with plans to enter electronics manufacturing in India
Larsen & Toubro Ltd. (L&T) is weighing the Tata playbook to explore an entry into electronics manufacturing in India, as the country's largest engineering firm eyes diversification — from mega projects to small components. The Mumbai-based company has held preliminary discussions with the Tamil N...

Air India Express in expansion mode amid rising competition
Air India Express would add 20-24 aircraft to its fleet in CY26, its chief executive said on Tuesday. The Tata-owned low-cost carrier would also retrofit 50 of its Boeing 737-8 aircraft, as competition in the budget end of the aviation industry intensifies. "By calendar year 2026, we expect to ha...

L&T wins Rs 2,500 crore - Rs 5,000 crore power transmission & distribution business order in Saudi Arabia
Larsen & Toubro’s Power Transmission & Distribution (PT&D) division on Wednesday said it has bagged large orders for power transmission & distribution business in Saudi Arabia. L&T’s Power Transmission & Distribution (PT&D) division has received several orders in Saudi Arabia to build a 380 kV su...

TVS Motors’ Q2 FY26 results: Profit jumps 42 per cent, posts highest ever EBITDA at Rs 1,509
TVS Motor Company reported a 41.9 per cent YoY profit growth in the second quarter of fiscal year 2025-26. The company reported a consolidated net profit of Rs 795.48 crore for Q2 FY26. Last fiscal year, its net profit in the second quarter was Rs 560.49 crore. Further, TVS Motors posted a 25.4 p...

SC relief may boost Vi fundraise, stem churn
The Supreme Court’s decision to allow the government to reconsider Vodafone Idea’s adjusted gross revenue (AGR) dues has given the beleaguered telecom operator a slim window to strengthen its footing, analysts said. Experts added that the verdict could help the company unlock long-pending bank fu...

 
 Global Corporate
 
Tariffs to Raise Costs, Delay Oil and Gas Projects in 2026, Report Says
U.S. President Donald Trump's sweeping tariffs are set to raise operating costs, disrupt supply chains and weaken investment momentum for the oil and gas industry in 2026, a report published by Deloitte showed on Wednesday. WHY IT'S IMPORTANT The energy industry relies heavily on global supply...

Malaysia's Ban on Raw Rare Earths Exports Remains Despite U.S. Deal, Trade Minister Says
Malaysia will maintain a ban on the export of raw rare earths to protect its domestic resources, despite signing a critical minerals deal with the United States this week, the trade minister said on Wednesday. Speaking in parliament, Minister Tengku Zafrul Aziz dismissed allegations that Malaysi...

Global Firms Slash Jobs Amid Weak Sentiment, AI Push
Companies around the globe have ramped up job cuts, with blue-chips from Amazon to Nestle and UPS reining in spending while consumer sentiment dims and AI-focused tech companies start to replace jobs with automation. According to a Reuters tally, American companies have announced more than 25,000...

China Buys US Soybean Cargoes Ahead of Trump-Xi Meet, Sources Say
China's state-owned COFCO bought three U.S. soybean cargoes, two trade sources said, the country's first purchases from this year's U.S. harvest, shortly before a summit of leaders Donald Trump and Xi Jinping. As the two nations battle over trade tariffs, the lack of Chinese buying has cost U.S. ...

Mercedes Beats Auto Margin Estimates Thanks to Premium Sales
German carmaker Mercedes-Benz on Wednesday reported stronger than expected margins at its core autos business as improved sales of premium models helped to offset one-off charges related to ongoing job cuts. Like rivals including Porsche and BMW, Mercedes faces particular challenges in the Chines...

Adidas Sales Growth Slows in North America as Tariffs Bite
Adidas's North America sales recorded the weakest growth among the German sportswear maker's regions in the third quarter, the company reported on Wednesday. Revenues for its Adidas brand in North America rose 8% on the year, excluding the impact of currency movements, lagging other markets, whic...

US inks $80 billion pact to boost nuclear power
At least $80 billion of nuclear reactors will be built across the United States in a partnership with the U.S. government, the three companies involved in the project said on Tuesday. The plan represents one of the most ambitious U.S. investments in atomic energy in decades, underscoring Presiden...

Toyota says it did not explicitly promise Trump new $10 billion investment in US
Japan's Toyota Motor did not explicitly promise a new $10 billion investment in the United States, a senior executive said on Wednesday, a day after President Donald Trump mentioned a potential investment of that size. Speaking during his visit to Japan on Tuesday evening, Trump said the world's ...

US Senate passes bill to terminate Trump tariffs against Brazil
The Republican-led U.S. Senate passed legislation on Tuesday that would overturn President Donald Trump's tariffs against Brazil by terminating the national emergency he declared in July in retaliation for Brazil's prosecution of its former president, Jair Bolsonaro, for an alleged coup attempt. ...

UPS cuts 48,000 jobs in ‘biggest strategic shift ever’, CEO says changes to deliver ‘long-term value for stakeholders’
After Amazon and Target, logistics giant United Parcel Service (UPS) announced that in the first nine months of 2025, it had eliminated around 48,000 jobs as part of its cost-cutting initiative. Most of these layoffs affected truck drivers and warehouse workers in the US, however, approximately 14,0...

 

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