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India's middle-income trap has a problem money may fix
The Indian economy can escape the 'middle-income trap' with substantial investments in education, healthcare, and infrastructure, French economist and inequality specialist Thomas Piketty said on Tuesday, stressing that involvement in global coalitions is essential to driving inclusive and sustainab...
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India, China discuss deepening energy cooperation as Chinese oil executive meets Hardeep Puri
Beijing, India and China discussed deepening energy cooperation as a senior Chinese oil corporation executive met Petroleum and Natural Gas Minister Hardeep Singh Puri in New Delhi on Monday.
China National Petroleum Corporation (CNPC) Chairman Dai Houliang met with Puri in New Delhi, with the two ...
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China is now ready to address trade concerns with India
China said Monday it stands ready to work with India to "properly" address each other's economic and trade concerns in a balanced manner and better benefit enterprises and people of both countries.
The statement came a day after Chinese commerce minister Wang Wentao met commerce and industry minist...
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India's middle-income trap has a problem money may fix
The Indian economy can escape the 'middle-income trap' with substantial investments in education, healthcare, and infrastructure, French economist and inequality specialist Thomas Piketty said on Tuesday, stressing that involvement in global coalitions is essential to driving inclusive and sustainab...
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Small EV brands shift into fast lane
India’s electric two-wheeler boom is no longer a race limited to legacy OEMs and new-age start-ups. Smaller brands such as Greaves Electric Mobility, River Mobility, Bgauss Auto and Simple Energy are clocking record volumes, prompting several players to raise funds for capacity expansion as they sur...
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Food inflation surges to 5.95%, may remain elevated in the short-term
Food inflation, as measured by the recently revised consumer food price index, continued to move upwards to touch 5.95% in August, primarily because ginger, garlic, onion, sugar, chicken, and edible oils became costlier.
Sequentially, the all-India Consumer Food Price Index (CFPI) rose by 0.92% l...
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DBT transfers top Rs 2 lakh crore so far in FY27
Transfer of subsidies and welfare benefits through the Direct Benefit Transfer (DBT) system has reached Rs 2.08 lakh crore so far in the current financial year, with fertiliser, food and a range of welfare and rural-development schemes accounting for the bulk of the payouts.
Fertiliser subsidy is...
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WPI inflation rises to 9.92% in August on higher fuel prices
Wholesale price index (WPI) inflation in India rose to 9.92% in August, staying near the 10% mark for the fourth consecutive month, data released by the commerce ministry on Monday showed.
The rise in wholesale inflation last month, from 9.78% in July, was primarily driven by higher fuel prices.
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August retail inflation spikes to 20-month high of 4.82%
Retail inflation, as measured by the Consumer Price Index (CPI), rose to a 20-month high of 4.82% in August due to a broad-based rise in prices. However, the spike stemmed primarily from elevated prices of several food items including edible oils and sugar, according to data released by the statisti...
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India, China move to address trade concerns as Goyal meets Wang
India and China have signalled a renewed push to stabilise economic ties, with Chinese Commerce Minister Wang Wentao meeting Commerce and Industry Minister Piyush Goyal in New Delhi over the weekend and stressing Beijing’s readiness to address bilateral trade and economic concerns.
“China stands ...
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Why everyone is wrong about GDP growth. The correct number is obviously 10%
Once again, GDP turned into a reality show. Real GDP growth in the first quarter of this fiscal year was 7.8%. A solid eight! But it is not likeable, it seems.
Former Finance Secretary Subhash Chandra Garg didn’t buy it. He recalculated nominal GDP growth at 2.6%, while the real growth was zero. ...
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| Global Economy |
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Ukraine will support energy ceasefire if US ensures Moscow's intent: President Zelenskiy
President Volodymyr Zelenskiy said on Monday that Kyiv was ready to support a U.S. proposal for a Russia-Ukraine ceasefire on energy sites only if Washington could ensure Moscow was genuinely ready to end its war on Ukraine.
Zelenskiy made his comments in his nightly video address after U.S. Pres...
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Canada's August Inflation Holds Steady at 3% as Crude Stays Firm; Food Prices Ease
Canada's annual inflation growth rate held at 3% in August, same as last month, as crude prices continued to stay firm affecting gasoline costs and food prices cooled only moderately, data showed on Monday....
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Europe Facing Unprecedented Risk of Being Cut off From AI, Lagarde Warns
Europe must become a producer of artificial intelligence technology, partly to preserve its own autonomy and achieve the efficiency gains needed to maintain its way of living, ECB President Christine Lagarde said on Monday....
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China's Factory Output Growth Quickens in August, Retail Sales Slow
China's industrial output grew 5.2% from a year earlier in August, quickening from a 4.5% increase in July, data released by the National Bureau of Statistics showed on Tuesday.
The reading exceeded expectations for a 4.8% rise in a Reuters poll of 42 analysts....
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Japan to Sidestep Funding in Tax Cut Outline, Keep Fiscal Concern Alive
Japan's government is set to finalise on Tuesday an outline for a consumption tax cut and payouts to households with no mention of how to fund the measures, a move that may keep alive market concern over the nation's already strained finances....
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Finland Set for Higher Growth, Lower Unemployment, Central Bank Says
The Finnish economy is growing at a quicker pace than previously projected, driven by exports and investment, and is likely to push unemployment down from the current double-digit level, the country's central bank said on Tuesday....
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UK Jobs Market Stays Soft Before BoE Rate Call
Britain's jobs market stayed weak with vacancies at a four-year low and pay growth steady, according to data published two days before the Bank of England is expected to keep interest rates on hold despite mounting inflation pressure from the Iran war....
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Berlin Sees Slowdown of Economic Momentum Early in Q3
Germany's economic momentum slowed at the start of the third quarter, the economy ministry said in its monthly report on Monday, as a boom in energy-intensive industries fades and domestic consumption weakens amid higher energy prices....
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China's factory output growth quickens in August, retail sales slow
China's industrial output grew 5.2% from a year earlier in August, quickening from a 4.5% increase in July, data released by the National Bureau of Statistics showed on Tuesday....
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| Market & Finance |
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Bond market turmoil puts Fed Rate decision under spotlight
A global bond market selloff is putting the Federal Reserve's interest-rate decision under intense scrutiny, with investors divided over whether another rate hike or a pause would pose the bigger risk to the economy and financial markets, Reuters reported.
The Fed is widely expected to raise its ...
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India’s richer households are fuelling a market-investing boom
India's medium-term economic growth is expected to be driven by strong domestic consumption, sustained public infrastructure spending and a revival in private investment, while rising per-capita income is likely to sustain this growth and support a higher growth trajectory by 2030, according to a re...
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US 10-year Treasury yield briefly tops 5% as Fed rate hike bets rise
Benchmark 10-year Treasury yields hit the key psychological level of 5% on Monday for the first time since October 2023 ahead of this week’s Federal Reserve meeting, at which the U.S. central bank is widely expected to raise interest rates.The milestone is a threshold that analysts say could ripple ...
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UPI payment rules: No charges on transactions up to Rs 2,000, RuPay debit card payments
The Ministry of Finance has clarified that banks and system providers cannot levy charges on UPI transactions of up to Rs 2,000 or on payments made using RuPay debit cards. The ministry has notified the changes in the Payment and Settlement Systems Act, 2007 (51 of 2007). The provision bars banks an...
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SEBI’s CAS proposals: 3 changes that may end expiry-day volatility, improve participation
SEBI’s proposed changes to the Closing Auction Session could ease expiry-day volatility and reduce uncertainty for derivatives traders, according to Jefferies and Anand James of Geojit Investments. Jefferies said the proposals are positive for brokers and exchanges, while James elaborated that the...
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| IMC Chamber of Commerce and Industry Events |
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Source - Yahoo India Finance @ 07:09 |
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| Indian Corporate |
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Jaypee Infratech to invests Rs 3,000 crore in next 2 yrs to complete stalled projects
Realty firm Jaypee Infratech, acquired by Suraksha Group through insolvency, on Monday said it will invest about Rs 3,000 crore over the next two years to complete all stalled housing projects and asserted that all stuck homebuyers would get their apartments by September 2028.
The company also anno...
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Analysts remain bullish on L&T, see up to 16% upside on order book strength
ET Intelligence Group: Shares of Larsen & Toubro (L&T) have declined 3.6% over the past month amid broader market volatility. However, analysts remain bullish on the stock, projecting 13-16% upside from Friday's closing price of Rs 3,915, supported by the company's record order book of Rs 7.8 lakh c...
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Samvardhana Motherson commits Rs 11,000 crore investment in Tamil Nadu
Auto parts maker Samvardhana Motherson International has committed to invest Rs 11,000 crore in Tamil Nadu, with the potential to create around 7,000 jobs across design, engineering, manufacturing, assembly and logistics. An MoU to this effect was signed between the company and Guidance Tamil Nadu i...
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Horiba of Japan eyes doubling India revenue on chip push
Japanese equipment major Horiba on Monday said it plans to double its India revenue over the next five years and seeks to engage with chipmakers as the country’s semiconductor sector matures.
The company currently generates close to 15 billion yen (around Rs 927 crore) in annual turnover from Ind...
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Solar Industries poised to acquire South Africa’s Omnia for Rs 13K crore
Solar Industries India is set to acquire South Africa’s Omnia Holdings for $1.355 billion (around Rs 12,951 crore) in an all-cash transaction, significantly expanding its international mining and explosives platform as the Nagpur-based company seeks to emerge as a global leader in blasting solutions...
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Essar’s EET Retail buys UK forecourt operator SGN
EET Retail, the retail arm of Essar Energy Transition Fuels, has acquired UK-based petrol station operator SGN Retail, creating the UK’s second-largest backward-integrated forecourt operator.
The deal is estimated at £400 million-£450 million ($540 million-$607 million), according to sources. A c...
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| Global Corporate |
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BYD to Produce Trucks in Europe in Bid to Become 'European Company'
Chinese electric vehicle maker BYD plans to launch its first heavy-duty truck in Europe next year and ultimately manufacture trucks locally, a senior executive said at the IAA trade fair in Hanover on Monday.
"For the long term, we will produce everything we sell in Europe here locally," said Ste...
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EU Is Set to Propose Ban on Social Media and AI Chatbots for Under-15s
The European Union will propose a ban restricting under 15s from social media, video sharing platforms, AI chatbots and online games, in the most sweeping plan yet to protect children from online dangers, a European Commission document seen by Reuters shows.
Concerns have mounted globally abo...
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US Oil Export Ban Unlikely to Lower Energy Prices, Interior Secretary Says
U.S. Interior Secretary Doug Burgum said on Monday that a ban on U.S. oil or fuel exports would be unlikely to help lower energy prices for consumers amidst the Iran war.
"We would consider an export ban if we thought that actually might lower prices, but that's not the case," Burgum told report...
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Chevron Eyes Argentina, Mediterranean for Global LNG Growth, Deal With India
Chevron is looking to expand its global gas portfolio from Argentina to the Mediterranean to meet growing demand from buyers concerned about energy security due to the crisis in the Middle East, President of Global Gas Freeman Shaheen said. Global gas markets have experienced two major disruptions i...
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Companies Left China to Dodge Tariffs. Now Some Are Heading Back
A year after shifting production and sourcing out of China to avoid higher U.S. tariffs, some companies are learning that replicating the country's factory ecosystem is not so easy and are bringing manufacturing back.
Last year, as President Donald Trump's tariffs set off a global rush to diversi...
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India’s air travel boom leads Asia, prompting Airbus to raise growth forecast to 9.3%
India’s domestic air travel growth is expected to remain the fastest in the Asia-Pacific region, with Airbus raising its forecast to 9.3% from 8.9%, a Reuters report said, citing the aircraft maker’s latest 2026-2045 market forecast.
The aircraft maker has also said it has not seen any softening in...
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