April 20, 2026

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RBI/2026-2027/11 (Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Branch Authorisation) Amendment Directions, 2026

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RBI/2026-27/12 (Delhi)
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1988 (2011) Taliban Sanctions List: Amendment of 04 Entries

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Apr

RBI/2026-27/13 (Delhi)
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1988 (2011) Taliban Sanctions List: Amendment of 3 Entries

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INDIAN ECONOMY

India remains among best-performing major economies: S&P Global

S&P Global has reaffirmed confidence in India's growth outlook, saying the country continues to be one of the best-performing major economies globally despite ongoing geopolitical uncertainties. Saugata Saha, president of S&P Global Market Intelligence, said India remains a critical hub for the company, supp...

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Explained: On way to 4th largest, how India slipped to 6th rank & what it means for 3rd largest economy dream

In April 2025 when the International Monetary Fund (IMF) released its World Economic Outlook, India was seen overtaking Japan to become the world's fourth largest economy by the end of 2025-26. One year later, India has slipped to the sixth position on the largest economies rankings, with the United Kingdom r...

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Middle East turmoil tests economies: India's growth stays firm at 6.8%; oil shocks threaten US outlook

India's growth trajectory is expected to remain steady despite the ongoing Middle East crisis, that has sent ripples across the globe. In its latest report, SBI Research said that the country is navigating oil shocks and the Iran war from a "situation of strength", projecting GDP growth at 6.8% to 7.1% in FY2...

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South Korea's Lee to seek big boost in economic ties in summit with PM Modi

South Korean President Lee Jae Myung heads into talks with Prime Minister Narendra Modi in New Delhi on Monday, aiming for a big boost in economic cooperation, particularly in areas such as shipbuilding. It is the first South Korean presidential state visit to India in eight years. "The level of economi...

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India resilient amid oil shock, may grow 6.8%-7.1% despite global headwinds: SBI Research

India is weathering the latest oil shock and West Asia conflict from a "situation of strength," with GDP projected at 6.8%-7.1% in FY27 despite global headwinds, SBI Research said in its latest report. Historically, every major oil shock pushed the US economy into recession. This time looks different, the ...

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Multiple states to borrow Rs 16,900 crore through RBI SGS auction on April 21

The Reserve Bank of India (RBI) has announced that multiple state governments will raise a total of Rs 16,900 crore through the revised auction of State Government Securities (SGS), scheduled to be conducted on April 21. According to the Central Bank release, the securities will be issued through an auctio...

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US extends waiver on Russian oil sales till May 16

The United States has extended a sanctions waiver on Russian oil sales until May 16, allowing the purchase and transport of crude already loaded on vessels, in a move that offers temporary relief to global buyers amid tight energy supplies. The US Treasury Department issued a fresh licence on Friday permit...

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High gold, silver prices weigh on trade deficit in 2025-26

The massive jump in gold and silver prices during 2025-26 accounted for as much as $21.19 billion of the $48.7-billion surge recorded in merchandise trade deficit during the year. The trade deficit came in at $333.2 billion in FY26 against $284.5 billion the previous year. The year saw investors and centra...

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India, US to hold key trade talks from April 20 to recalibrate BTA: Report

In a notable development, a 12-member team from India is set to lead three-day talks with the US authorities from April 20 where both sides are expected to finalise and re-calibrate certain details around the first phase of the much-stroked India-USA bilateral trade agreement (BTA), news agency PTI reported. ...

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MARKET & FINANCE

Civic bodies turn to bond market after budget incentive

Multiple municipal corporations are looking to tap the debt market after the Centre announced an incentive for municipal bonds in its budget. The Bombay Municipal Corporation (BMC) and the Ahmedabad Municipal Corporation (AMC) are in talks to raise ?1,000 crore issuance, people aware of the matter said. The ...

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Inflows in debt schemes plummet 83% in FY26

Net inflows into debt mutual fund schemes plunged by 83% in FY26, falling from ?1.38 lakh crore in FY25 to ?22,262 crore. The sharp decline was largely driven by hardening yields amid heightened macroeconomic uncertainty, which dampened investor interest. Rahul Singh, head – fixed income, LIC Mutual Fund, ...

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GLOBAL CORPORATE

China Willing to Advance Talks to Upgrading Switzerland Trade Pact, Ministry Says

?China ?said on ?Saturday it ?is willing to ?advance ?negotiations ?on upgrading the China-Switzerland ?free trade agreement. A ?high-standard free trade ?agreement ?will inject ?new momentum ?into trade, investment ?and ?innovation cooperation ?between the two countries, the Commerce ?Ministry said in a s...

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Google in Talks With Marvell to Build New AI Chips, the Information Reports

Alphabet's Google ?is ?in talks with ?Marvell Technology to develop two ?new chips aimed at running AI models ?more efficiently, The Information ?reported on Sunday citing two ?people ?with knowledge of the discussions. One of the chips ?is a memory processing unit designed to work with Google's tensor pro...

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Huawei Signs Deal With Vietnamese Bank SHB to Expand Vietnam Footprint

Vietnamese ?lender ?SHB and China's ?Huawei Technologies Group signed a ?strategic cooperation agreement on Sunday, SHB said, ?a move that will ?allow the Chinese technology giant ?to ?expand its presence in Vietnam. • Under the agreement, ?Huawei will support SHB in designing technology architectures and ...

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New routes, vessels kept West Asia exports going

With the shipping routes in West Asia disrupted and global carriers pulling back, India swiftly rerouted trade to keep essential exports flowing, even as the overall shipments to the region plunged sharply amid the crisis. Another factor that helped was the urgent need for food and agricultural products in...

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Banking

HDFC Bank, ICICI Bank stable margins, benign asset quality adds sector comfort

India's top two private sector lenders - HDFC Bank and ICICI Bank - reported robust quarterly earnings on Saturday, April 18. Key numbers point to strong profit growth, stable net interest margins (NIM), while asset quality has further improved, prompting analysts to remain bullish on the two lenders and, as ...

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GLOBAL ECONOMY

Pakistan says it will repay remaining $1.5 billion loan to UAE by April 23 amid IMF funding hopes

Pakistan has expressed hopes to repay the remaining $1.5 billion of the total $3.5 billion loan to UAE by April 23. This comes ahead of an expected $1.2 billion disbursement from the International Monetary Fund (IMF), following re...

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ADB Chief Warns of Yen Pressure From Japan's Too-Slow Rate Hikes

The yen may come under ?further ?pressure if markets see the Bank ?of Japan as being too slow in addressing inflationary risks, Asian Development Bank ?President Masato Kanda said. Investors buy dollars in times of global stres...

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Bank Indonesia to Hold Rates at 4.75% Through 2026 as Iran War Fuels Inflation Risks: Reuters Poll

Bank Indonesia (BI) is set to ?keep ?its key policy rate unchanged on Wednesday, ?according to all 31 economists polled by Reuters, with many paring bets for cuts ?this year as an Iran war-fuelled energy shock pushes up inflation ...

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Japan Households' Inflation Expectations Steady, BOJ April Hike Bets Fade

Most Japanese households expect prices to ?continue ?rising in the coming years, a ?quarterly survey showed on Monday, keeping pressure on the central bank to proceed with further ?interest rate hikes. But fading prospects of a...

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War revives stagflation dangers for global economy

The cumulative global impact of seven weeks of war in the Middle East will begin to emerge in the coming week, in a second round of business surveys from multiple countries. Whether the twin blows affecting growth and inflation...

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INDIAN CORPORATE

Yes Bank Q4FY27 net profit jumps 44% to Rs 1068 cr on better margins and recoveries

YES Bank' reported a net profit of Rs 1,068 crore for the March 2026 quarter, up 44.8% from Rs 738 crore a year earlier, supported by lower credit costs and improved operating performance. For the full year, net profit rose 44.5%...

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HDFC Bank Q4 profit rises 9.1% to Rs 19.2k crore

HDFC Bank, the country's largest private lender, has recorded a net profit of Rs 19,221 crore during the fourth quarter of last financial year, up 9.1% from Rs 17,616 crore a year ago, while full-year net profit rose to Rs 74,671 ...

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JSW Steel and POSCO form joint venture for steel plant in Odisha amid South Korean President's India visit

JSW Steel Limited and South Korea's POSCO Group have entered into a Joint Venture Agreement to establish a greenfield integrated steel plant in Odisha. According to a regulatory filing, the partnership will be executed through Saf...

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Apple leads fastest consumer electronics ramp-up, tops PLI

The close of the five-year smartphone production linked incentive (PLI) scheme has been marked by what officials describe as the fastest scale-up of a consumer electronics product in India, with Apple and its vendors exceeding pro...

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COMMERCIAL LAW

Govt may hike FDI limit in pension sector; Bill likely in Monsoon Session

The government may hike the foreign direct investment (FDI) limit in the pension sector to up to 100 per cent and a Bill in this regard is expected in the next Parliament session, according to sources. This would align with the...

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