INDIAN ECONOMY
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India's economic growth will likely moderate in the second half of FY27 due to a high base effect; however, growth may strengthen to around 7.2 per cent in FY28, says ICICI Bank.
The Monetary Policy Committee (MPC) unanimously kept the repo rate unchanged at 5.25 per cent, retaining its neutral policy stan...
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India is likely to record a alance of payments (BOP) surplus in FY27, supported by stronger capital nflows and higher foreign direct nvestment (FDI), even as the Reserv Bank of India (RBI) maintained statu quo in its latest monetary policy, ccording to a Kotak Mahindra Mutual Fund report....
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The India-UK Comprehensive Economic and Trade Agreement (CETA) is expected to strengthen India's agricultural and automotive exports by improving market access, lowering tariffs and enhancing the competitiveness of Indian products in the UK, according to industry experts.
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India spent years negotiating preferential access to some of the world's largest markets. It has since signed trade agreements with several key trading partners, while negotiations continue with countries including the US and Canada. More recently, India has also signed an agreement with the European Union, o...
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Backed by strong institutional demand, the Centre on Wednesday successfully concluded the offer for sale (OFS) of a 6.5% stake in Life Insurance Corporation (LIC), raising around Rs 31,552 crore, making it India’s largest public offering ever....
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Indian households expect inflation to moderate in the near-term but see prices rising at a quicker pace a year ahead, according to a Reserve Bank of India (RBI) survey released on Wednesday....
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Calling for a sweeping overhaul of India’s caregiving ecosystem, Niti Aayog on Wednesday recommended a national report, a dedicated regulatory body, standardised training, stronger social security and technology-enabled services to meet rising domestic care needs and position the country as a global hub for s...
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Reserve Bank of India Governor Sanjay Malhotra and four deputy governors on Wednesday defended the central bank’s policy stance, saying the current rate was appropriate amid evolving growth-inflation dynamics. The RBI reiterated its focus on headline inflation, while saying the liquidity surplus could peak ar...
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Amid a prolonged US-Iran conflict, an erratic monsoon and simmering inflationary pressures, the Reserve Bank of India (RBI) left the policy repo rate unchanged at 5.25% for the fourth consecutive time on Wednesday, with the six-member monetary policy committee (MPC) voting unanimously to hold and retain its ‘...
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MARKET & FINANCE
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Indian government bonds rallied on Wednesday, driving the benchmark yield below the key 6.80% mark, as tumbling oil prices and a central bank policy that was along expected lines boosted market sentiment.
The Reserve Bank of India held the repo rate as expected, as policymakers awaited clearer evidence on ...
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Japanese investors were net buyers of foreign bonds for the first time in three weeks, as a stronger yen following U.S.-Japan intervention and elevated overseas yields supported demand.
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Only 12 per cent of Indian users say they’d keep using Unified Payments Interface (UPI) and pay a transaction fee if the government brings back Merchant Discount Rate (MDR) on payments above Rs 3000, a new survey by LocalCircles has found.
This could be a shift only if Parliament passes the proposed amend...
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Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said there is no proposal at present to prematurely close the concessional foreign exchange swap facility, expressing confidence that the scheme will continue to attract healthy foreign currency inflows.
The FCNR(B) scheme is ending in Septe...
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GLOBAL CORPORATE
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Dealmaking in the U.S. upstream oil and gas sector shrank fourfold to $9 billion in the second quarter of this year as volatile oil prices tempered investor confidence, analytics firm Enverus said on Wednesday. ...
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Honeywell Aerospace lowered 2026 sales growth forecast and issued a weaker-than-expected earnings outlook on Wednesday, as persistent supply-chain hurdles crimped its ability to meet surging aftermarket demand....
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Life insurer MetLife posted a jump in second-quarter adjusted profit on Wednesday, powered by strong underwriting and broad volume growth, with standout results in Asia and Latin America....
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About one-third of Singapore's exports to the U.S., worth S$9.5 billion ($7.4 billion), will be affected by a new U.S. tariff of 12.5% imposed on July 24, Trade Minister Gan Kim Yong said....
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A proposed deal between Iran and Oman would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters on Wednesday, in one of the biggest concessions yet to Iran....
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Banking
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The Reserve Bank of India on Wednesday said it has decided to reopen licensing for urban co-operative banks (UCBs), ending a two-decade pause on issuance of fresh licences. It has released draft guidelines for the same.
Due to deteriorating financial conditions in the urban co-operative banking sector, the...
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GLOBAL ECONOMY
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The U.S. services sector maintained a strong pace of growth in July as an acceleration in new orders was offset by higher prices for inputs and a decline in employment....
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Federal Reserve Governor Lisa Cook said on Wednesday that she’s open to the idea that the central bank may need to raise its short-term interest rate target to deal with “too high” levels of inflation in the U.S. economy....
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Brazil's central bank on Wednesday cut interest rates by 25 basis points at a fourth straight policy meeting as expected and left the door open for more cuts, as recent data pointed to slower inflation and a cooling economy....
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South Korea's Finance Ministry said on Thursday that the possibility has increased greatly of economic growth rising to the 3% level for the first time in five years....
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China's export growth likely lost some steam last month after June's blistering surge, but remained robust, a Reuters poll showed, powered by global demand for AI-related goods and a rush of shipments by factories ahead of expecte...
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US President Donald Trump's administration has refunded about $100 billion in tariffs since the Supreme Court struck down a wave of his duties this year, court filings show.
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INDIAN CORPORATE
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Realty major DLF Ltd is targeting a sales pipeline of Rs 1 lakh crore over the next five years, averaging around Rs 20,000 crore annually, while remaining focused on the luxury housing segment and staying away from listing its com...
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Bharti Airtel widened its lead over Reliance Jio on key value metrics in the June quarter, with its sustained premiumisation strategy receiving a further boost from the recently launched Fastlane offering that is accelerating upgr...
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