INDIAN ECONOMY
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It’s one battle after another for the Indian economy.
If tariff-related uncertainties threatened to reduce national output in FY26, the ongoing Iran war seems to be actually dragging down economic activity as we speak.
Sensing the underlying damage, several forecasters have revised India’s growth projec...
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The International Finance Corporation (IFC) plans to scale up its annual investments in India to $10 billion by 2030, eyeing bets in sectors such as renewable energy, urban infrastructure and financial services, a senior executive said.
Annual investments in India by IFC, the private-sector arm of the Worl...
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India and Qatar on Thursday held discussions on ways to boost bilateral trade and strengthen supply chain resilience, which has been disrupted due to the West Asia crisis. The meeting was held between commerce and industry minister Piyush Goyal and Qatari minister of state for foreign trade affairs Ahmed bin ...
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As policymakers in New Delhi put their heads together to deal with the long-term impact on India’s economy from a prolonged Iran war, they should stare deep into their teacups. The leaves at the bottom may hold the clue to a simple but powerful mitigating strategy: Respect the sun.
In 1906, the subcontinen...
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India and New Zealand are set to sign the Free Trade Agreement (FTA) on Monday, April 27, the country's Prime Minister Christopher Luxon announced on Friday. The two countries concluded the negotiations for the pact on December 22 last year, with the goal of doubling bilateral trade to $5 billion over the nex...
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The Centre has earmarked Rs 5,000 crore as incentives for accelerating reforms and boosting production in the mining sector, with a strong focus on faster operationalisation of mines and improved governance.
The scheme, structured in three components, will provide financial incentives to states on a first-...
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MARKET & FINANCE
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Indian government bonds fell for a third straight session on Friday as oil prices climbed amid no resolution to the U.S.-Iran conflict, while traders braced for fresh supply from the weekly auction.
India's benchmark 6.48% 2035 bond yield stood at 6.9761% at 10:15 a.m. ?IST after closing ?at ?6.9498% on Th...
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The flow of money from overseas Indians into nonresident Indian (NRI) deposit schemes dropped by 24.17 per cent to nearly $11.04 billion between April 2025-February 2026, from $14.56 billion during the same period in 2025, according to the Reserve Bank of India (RBI) data.
Understanding NRI Deposit Trends
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GLOBAL CORPORATE
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PLS is ?seeing ?deepening and broadening demand for ?lithium, partly driven by energy security concerns, CEO Dale Henderson said on Friday ?as the Australian miner nearly doubled its lithium production and beat analyst estimates.
The country's largest independent lithium producer said that ?talks with cust...
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Porsche has agreed to sell its ?stakes ?in sportscar makers Bugatti and ?Rimac to a consortium led by a U.S. fund co-founded by a ?scion of Egypt's billionaire Sawiris family, one of the co-investors said in a statement on Friday.
Under the deal, ?Porsche will divest a 45% stake ?in Bugatti Rimac, the join...
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Banking
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Speaking at a post-inaugural press conference after the launch of the new State Bank of India office in Pune, Union Finance Minister Nirmala Sitharaman said Indian banks must adopt a more versatile and proactive approach to counter emerging artificial intelligence-driven cyber threats.
Her remarks followed...
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GLOBAL ECONOMY
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U.S. business activity picked up in April after ?nearly ?stalling in the prior month, but supplier delivery ?times at factories worsened as the war with Iran disrupted supply chains, pushing a measure of output ?prices to a near f...
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Russia's economic contraction in the ?first ?two months of the year may ?prompt the central bank to cut its key rate faster than expected, some analysts ?said on Thursday, revising their earlier view of the outcome of the April 24...
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Greece ?will ?cease to be the euro zone's ?most indebted country by the end of this year as its public ?debt will fall below Italy's, according to two sources and data from Italy's budget plan.
Greek debt is estimated to ?decli...
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apan's ?core consumer prices ?rose 1.8% ?in March ?from ?a year ?earlier, government data showed ?on Friday.
The core ?consumer price index, ?which includes ?oil ?products but ?excludes fresh food ?prices, ?compared with econom...
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Indonesia has ?room ?to breach its legal fiscal deficit ?ceiling of 3% of GDP without triggering an immediate ratings downgrade, as long as it ?is only a temporary response to economic disruptions caused by the war in the Middle E...
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French consumer confidence ?fell ?sharply in April, recording ?its largest drop since the start of ?the Ukraine war in 2022, the INSEE official statistics agency ?said on Friday.
Economies worldwide ?are feeling the inflationar...
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A spike ?in ?energy costs caused ?Spanish industrial prices to rise at ?their fastest rate in a year in ?March after falling for ?four consecutive months, the National ?Statistics ?Institute (INE) said on Friday.
Over the 12 mo...
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German ?business morale fell more ?than expected in April, as ?the Iran war ?made companies ?more ?pessimistic and threatened the long-awaited recovery of ?Europe's biggest economy.
The Ifo institute said on Friday ?its busines...
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The Middle ?East ?conflict will lead to ?slower economic growth and higher inflation in Switzerland, but ?the Swiss National Bank has unrestricted scope to target price stability, SNB Chairman ?Martin Schlegel said on Friday.
T...
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The number of Americans filing claims for unemployment benefits increased slightly last week, pointing to continued labor market stability in April, though economic uncertainty and higher prices stemming from the war with Iran pos...
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INDIAN CORPORATE
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State-owned Hindustan Copper Ltd (HCL) has planned a capital expenditure of Rs 7,188.90 crore over the next five years for the expansion of its mines.
The company is planning a capex of Rs 450.51 crore in the current year, foll...
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Larsen & Toubro Ltd. (L&T) on Friday announced its entry into the B2B industrial electronics space with the commencement of industrial electronics manufacturing at its Coimbatore campus in Tamil Nadu.
The company has set up a n...
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Tata Capital’s net profit for the quarter ended March stood at Rs 1,502 crore, up 16.4% on quarter. This includes the acquisition of Tata Motors Finance which was completed on May 8, hence year-on year-figures weren’t comparable....
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The country’s second largest IT services firm, Infosys on Thursday lowered the lower end of its FY27 revenue growth guidance to 1.5%–3.5% in constant currency from 3%–3.5% in FY26, pointing to continued demand caution amid global ...
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COMMERCIAL LAW
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Net foreign direct investment (FDI) turned positive in February after remaining negative for six consecutive months, driven by higher gross inflows and lower repatriations, according to the Reserve Bank of India.
FDI Trends and...
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Foreign direct investment into India is holding close to record levels, but the pattern within these inflows is becoming more selective. Morgan Stanley says gross foreign direct investment stands at $90.8 billion on a 12-month tra...
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