INDIAN ECONOMY
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It turned out to be a strong end to the first half of the year, with GST collections jumping 14.7% to over Rs 2 lakh crore in Sept, amid double-digit growth in dispatches by the country's top automakers. Other indicators also pointed to continuation of economic momentum despite a turbulent global situation, w...
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The finance ministry Thursday
said the growth momentum extended into the second quarter, although at a more measured pace, and the economy may expand 7.3% during July-Sept.
While flagging multiple parameters and high-frequency indicators to argue that growth has been sustained, the ministry's latest Monthly...
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India is building a network of free trade relationships that could eventually cover nearly 75-80 per cent of the world's economies, commerce and industry minister Piyush Goyal said in Chicago, pitching the country as an expanding base for global trade and investment.
Addressing an event organised by the US I...
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SBI Research expects CPI inflation to rise to around 5.65 per cent in September and cross 6.5 per cent in October and November, before easing below 6 per cent in early 2027.
In its pre-Monetary Policy Committee (MPC) report released on Friday, SBI Research said the Reserve Bank of India (RBI) may raise the...
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India's economic growth could slow to 5.5-6 per cent in the second half of 2026-27 as government capital spending moderates after being front-loaded in the first half, with a weak rural sector, adverse base effect and an uncertain economic environment adding to the pressure, CLSA said in a report.
The rep...
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Southwest monsoon rainfall fell to 87 per cent of the long-period average in 2026, the lowest since 2015, prompting rating agency ICRA to cut its agriculture, forestry and fishing growth forecast for the fiscal year to about 1 per cent from 1.3 per cent.
The deficient and uneven rains have already weighed ...
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The Centre has been absorbing a subsidy of around Rs 2,700 on every bag of urea when global costs have risen as high as Rs 3,000, keeping the price paid by farmers at around Rs 300, Union Finance Minister Nirmala Sitharaman said on Friday.
Addressing a gathering at Madanapalle in Andhra Pradesh, Sitharaman...
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The Iran war is now seven months old, with no sign of a peace deal that can placate all parties.
The worst second- and third-order effects on India came early into the war, but some persist, given West Asia’s importance for the economy.
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India’s industrial workforce crossed the 2-crore mark in 2024-25, with the manufacturing sector accounting for much of the increase, according to the Annual Survey of Industries (ASI) released on Wednesday.
As per the survey, the estimated number of people engaged in industries rose 7.19% to 2.10 cr in 202...
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White-collar hiring grew marginally by 2% year-on-year (YoY) in September, driven mainly by record growth in Artificial Intelligence and Machine Learning (AI/ML) roles, followed by the auto sector, a report said on Friday.
White-collar hiring remained largely steady in September, growing 2% YoY, with the N...
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Speaking at the 5th Kautilya Economic Conclave in New Delhi, Reserve Bank of India (RBI) Governor Sanjay Malhotra warned that financial stress can build overnight but take years to resolve, and that India cannot afford to become complacent.
He said the system has absorbed the West Asia conflict shock quite...
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The value of new investment projects announced declined marginally by 6% year-on-year to Rs 10.2 lakh crore in the September quarter, even as the private sector held its share at a remarkably high rate of 87% in the first half of the current fiscal year, according to data from the Centre for Monitoring of Ind...
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India, which has been banking on its demographic dividend to become a high-income economy by 2047, could be aging faster than it expected, says a report by Moody’s Ratings. By 2049, 14% of the population will be above 65 years. Banasree Purkayastha interprets the findings
l What the report says about Indi...
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India has pushed for diversification of global supply chains and production capacities at the G20 Trade Ministers’ Meeting, rather than focusing narrowly on industrial “overcapacity,” as consensus on the contentious issue remained difficult to achieve.
Commerce and Industry Minister Piyush Goyal, speaking ...
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US Trade Representative Jamieson Greer on Thursday cautioned against expectations of an early India-US trade deal, saying an interim agreement is “not imminent” despite negotiations being in their final stretch and the two sides having identified the remaining sticking points.
“We are in the short strokes....
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MARKET & FINANCE
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UPI transactions through popular Unified Payments Interface (UPI) in volume terms have witnessed a 27 per cent jump to around 145 billion in the first half of the current fiscal year.
This is against UPI volume 114 billion in during the April-September quarter of the previous financial year, according to d...
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After two consecutive months of buying, foreign portfolio investors (FPIs) turned net sellers in September, pulling out Rs 35,860 crore from Indian equities amid global uncertainties, elevated US interest rates and high crude oil prices.
The selling continued into October, with foreign investors pulling ou...
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India's foreign exchange reserves shaved off $18.343 billion in the week to September 25, making it the third weekly drop in a row after scaling an all-time high of $785.706 billion.
India lost $38.149 billion in the past three weeks, after hitting the record high at the end of September 4. The reserves st...
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The US benchmark yield touched its highest level since 2002, the latest milestone in a monthslong selloff in global sovereign debt.
The yield on the 10-year Treasury note briefly rose above its 2007 peak to trade at 5.34% on Thursday. Earlier this week, the rate on 30-year US bonds also hit a 24-year high....
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The premium of French 10-year government bond yields to safe-haven German ones rose to above 150 basis points on Friday, its highest since late 2011, as worries about France's finances and political turmoil grew.
Government bonds worldwide have been under pressure recently given the backdrop of elevated en...
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The global sell-off in government bonds continued on Thursday as the yield on 10-year US Treasury notes climbed to its highest level since 2002.
The 10-year US Treasury yield, which influences borrowing costs for companies and consumers, rose as high as 5.34% before easing to around 5.24%. It ended the day...
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Singapore‘s Mapletree is looking at deploying 20% of its new Mapletree Emerging Growth Asia (MEGA) fund in India , said sources in the know .
“Though they have investment target of $ 2.1 billion, they are looking at $ 400 million to $ 500 million here,” said the source.
Though Mapletree has not public...
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90% of the world’s wealthiest family offices have reported gains this year, despite market volatility caused by the Middle East conflict, with over 40% choosing to take no action.
Their biggest worry was not war but inflation, flagged by nearly two-thirds of respondents. These findings come from Citi Wealt...
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FII selling continues to be one of the biggest concerns for the markets. The reasons could be different, but the outflows continue. What’s even more of a worry is that the last three days have seen a sudden surge in the selling. In just 3 days, the FII outflows totalled Rs 29,612.85 crore. What’s driving this...
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GLOBAL CORPORATE
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LNG traffic through the Strait of Hormuz increased in September, with the number of cargoes leaving the key waterway reaching its highest monthly level since the US-Israeli war on Iran began. The rise came despite continuing security concerns and uncertainty over shipping through the strait.
Data from S&P Gl...
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China's antitrust regulator has asked Anglo American to commit to supply the country with a steady flow of copper concentrate as a condition for approving its proposed $54 billion merger with Canada's Teck Resources, three people aware of the development said.
The demand reflects China's struggle to feed i...
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Tesla beat Wall Street estimates for third-quarter deliveries on Friday, as sales in Europe recovered from last year's slump and made up for weaker demand in the electric-vehicle maker's two biggest markets, the US and China.
Shares of the Austin, Texas-based company rose nearly 2% in premarket trading. Th...
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Ford said on Friday its third-quarter sales fell 6.6%, as the Detroit automaker phased out its Escape and Lincoln Corsair crossover models.
Sky-high gasoline prices after the U.S.-Iran war and higher costs for everything from groceries to insurance have nudged some buyers away from thirsty engines to hybri...
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Apple said on Friday that it plans to change its Mac operating system to make it more obvious when AI agents ask to access all of the data on Macs.
Some users have criticized Meta's Muse, an AI agent capable of carrying out complex tasks like canceling unused subscriptions or haggling for better prices. Th...
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US Vice President JD Vance has once again taken aim at the H-1B visa program and branded it “completely broken,” while supporting the push to scrap the work visa system altogether.
This particular non-immigrant classification allows US employers to hire foreign workers in specialty occupations. Professiona...
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Nasdaq-listed IT services major Accenture on Thursday raised its revenue growth outlook for fiscal 2027 and reported better-than-expected fourth-quarter revenue and bookings, offering a positive read-through for global technology spending and lifting American depositary receipts (ADR) of Indian IT companies i...
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Banking
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Muthoot Microfin has raised its FY27 assets under management (AUM) growth guidance to 20%, from 12-15% at the beginning of the year. Chief Executive Sadaf Sayeed tells Narayanan V that the upward revision is driven by strong disbursements, lower borrowing costs and improving credit quality in the microfinance...
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A surge in leveraged trades involving FCNR(B) deposits is likely to have propelled loans against fixed deposits to their fastest growth rate in more than three years, with outstanding advances jumping 43.2% year-on-year to Rs 2.04 lakh crore in August, according to Reserve Bank of India (RBI) data. The last t...
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GLOBAL ECONOMY
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Seven months into war with the US, Iran's leaders are feeling the strain. Inflation in the Islamic Republic is almost 90%, oil flows through the Strait of Hormuz are recovering despite the threat of Iranian attacks, and President ...
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Euro zone inflation surged more than expected in September and is likely to increase further in the coming months on soaring energy costs, keeping pressure on the European Central Bank to raise interest rates even higher.
Infla...
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The main driver behind the German government's raised economic forecasts is an unexpectedly strong performance of the German economy in the first half of the year, a government source told Reuters on Friday.
"The economic reco...
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New orders for US factory goods barely rose in August as strong demand for electrical equipment, appliances and components was offset by weakness in commercial aircraft orders.
Factory orders edged up 0.1% after a downwardly r...
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The International Monetary Fund said on Friday that greater efforts are needed to put Mexico's debt on a declining trajectory, even as fiscal consolidation continues in 2026, following an Article IV consultation mission to Mexico ...
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The German economy could grow around 1% this year — roughly twice as fast as the most recent projections — driven by robust export demand and government investment, Bundesbank President Joachim Nagel said on Friday.
Germany, t...
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Japan's government has begun recalibrating its messaging to reassure markets that Prime Minister Sanae Takaichi is not pursuing reflationary policies, Finance Minister Satsuki Katayama said in an interview with broadcaster TV Toky...
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The US labour market weakened in September, with employers adding just 29,000 jobs and the unemployment rate rising to 4.2%, according to the latest data from the US Bureau of Labor Statistics.
The jobs gain was far below econo...
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INDIAN CORPORATE
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Reliance Industries plans to invest Rs 1 lakh crore in Andhra Pradesh to set up compressed biogas plants, creating more than 3 lakh jobs and generating nearly Rs 60,000 crore in revenue for the state over the coming decades, the c...
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VRS Foods, the New-Delhi-based company that owns dairy brand Paras, is targeting a turnover of Rs 5,000 crore over the next five years, as it looks to tap growing demand for value-added dairy and protein products while expanding i...
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A former trustee has raised concerns over Tata Trusts chairman Noel Tata’s authority to send a proposal to Tata Sons, without consulting the board of either of the key trusts.
Earlier this week, when Tata Trusts addressed the m...
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Bajaj Finserv’s board has approved an investment of up to Rs 5,800 crore in warrants convertible into equity shares of its subsidiary Bajaj Finance. The investment will be made through a preferential allotment on a private placeme...
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Adani Ports & Special Economic Zone (APSEZ) handled 46 million metric tonnes (MMT) of cargo in September, marking an 11% year-on-year (YoY) increase. Container volumes led the growth, rising 15% YoY during the month.
APSEZ carg...
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India’s milk cooperative goliath Amul is set to expand its US dairy business beyond milk, with plans to start producing dahi and paneer locally through the American cooperative with which it has a tie-up for fresh milk.
The mov...
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Adani Group has completed or is executing investments worth about Rs 2.6 lakh crore in Maharashtra, or 43% of the more than Rs 6 lakh crore it has committed to the state, Pranav Adani, director, Adani Enterprises, said on Friday. ...
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GST
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1.It is informed that an option for “Multistate Registration” has been introduced. The functionality enables taxpayers to apply for registration in multiple States/UTs simultaneously. Taxpayers seeking GST registration in more than one State/UT under the same PAN can use this functionality. Currently, the fu...
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