INDIAN ECONOMY
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India's economy can double in size to more than $8 trillion over the next decade as structural reforms, infrastructure investment and formalisation continue to raise the country's growth potential, global investment firm KKR has said.
India has already crossed the $4-trillion mark and remains on track to d...
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India's consumer inflation likely accelerated in September, moving closer to the upper end of the Reserve Bank of India's 2%-6% target range as higher energy costs compounded pressure from elevated food prices, a Reuters poll of economists showed.
Rising crude oil prices and higher food costs are expected ...
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The Reserve Bank of India (RBI) is keeping its options open on further monetary tightening, with Governor Sanjay Malhotra saying the depth of future rate hikes will depend on evolving macroeconomic conditions. In the post-policy press conference on Wednesday, the RBI brass addressed concerns around inflation,...
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India could unlock a productivity opportunity equivalent to 1 per cent of GDP by improving how it maintains industrial equipment and infrastructure, recovering output lost to breakdowns, unplanned downtime, inefficient assets and premature replacement, industry leaders said at MRAM Expo 2026 on Wednesday.
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The Reserve Bank of India may step up monetary tightening in December amid pressures from rising inflation and a more and more volatile global environment, PTI reported citing economists at State Bank of India (SBI) on October 7.
SBI economists said they expected the central bank to raise the benchmark rep...
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Nine years after it redrew India's indirect taxation map, the Goods and Services Tax (GST) has become less a single reform than an evolving economic system -- one that replaced a maze of levies with a common framework, digitised compliance and steadily widened the formal tax base.
GST was introduced in Ind...
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While India's green economy can support more than a crore jobs by 2035, key challenges, such as women's lower access to technical education, limited green skilling and a lack of finance and policy related to the green workforce, continue to persist, according to a new report.
The report says to build a gre...
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India’s retail inflation, based on the consumer price index (CPI), likely rose to a 23-month high of 5.6% in September because of higher food prices, according to an FE poll of 13 economists.
This would be the first inflation CPI inflation rises above 5% since December 2024 and the highest rate of inflatio...
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MARKET & FINANCE
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Indian government bonds tumbled on Wednesday, as the market braced for higher policy rates after the central bank delivered its first rate hike in nearly four years and indicated that more could be in store.
The Reserve Bank of India raised its key interest rate by 25 basis points to 5.5% as expected and s...
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Foreign portfolio investors (FPIs) stepped up selling in Indian equities in the second half of September, with financial, oil & gas, auto, telecom and metal stocks bearing the brunt of the outflows. FPIs sold Rs 21,745 crore during September 16-30, after selling Rs 14,116 crore in the first half of the month....
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Bond yields continue to climb, and the AI boom is getting part of the blame. The 10-year US Treasury yield climbed as high as 5.34%, its highest since 2002, while the 30-year yield spiked to a 24-year high of 5.69%.
First, a quick refresher. Bond yields move opposite to bond prices. So when investors sell ...
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The implementation of the new merchant discount rate (MDR) framework for UPI transactions may be deferred to January 1, 2027, from the earlier proposed rollout date of October 15, people familiar with the matter told FE.
While no final decision has been taken, the proposed deferment is aimed at giving merc...
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Private sector banks' share in borrowing through the tri-party repo market fell considerably in the first half of 2026-27, while govt banks increased their presence in the collateralised overnight money market, RBI's monetary policy report released on October 7 showed.
According to the data, private lender...
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The yield on the benchmark 10-year US Treasury note rose to 5.32% on Wednesday. The rise comes as investors worry about persistent inflation, higher oil prices, heavy government borrowing and the possibility that interest rates will remain high for longer.
The 30-year Treasury yield also climbed to 5.70%, ...
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Debt fund managers are advising investors to favour short-to-medium duration funds after the Reserve Bank of India (RBI) raised the repo rate by 25 basis points on Wednesday, arguing that bond markets have already priced in a large part of the expected tightening cycle.
Fund managers expect another 50 bps ...
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Securities and exchange board of India (SEBI) introduced a credit risk-o-meter for debt securities on Wednesday aimed to assist investors in assessing credit risk through colour-coded visualization prior to investing. The disclosure of risk-o-meter will be applicable to all listed and proposed to be listed is...
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The Reserve Bank of India on Wednesday announced the removal of Paytm Payments Bank Ltd (PPBL) from its list of scheduled banks, months after cancelling its banking licence and following a Delhi High Court order to wind up the lender.
When it cancelled PPBL’s licence in April, the RBI said the bank had suf...
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GLOBAL CORPORATE
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German luxury carmaker Mercedes-Benz said on Wednesday sales in its core car business continued to fall in the third quarter, declining 8% year-on-year due to challenging market conditions in China.
• Car deliveries fell to 407,200 units in the July-September period, the company said in a statement.
• I...
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Samsung Electronics on Thursday projected a nearly nine-fold jump in third-quarter operating profit from a year earlier, beating analysts' estimates as booming demand for artificial intelligence chips drove strong memory earnings.
The world's largest memory chipmaker estimated an operating profit of 107.4 ...
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RBI
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The Reserve Bank of India on Wednesday clarified that individuals are not required to report imports or export earnings under the new foreign exchange rules, and said it will soon issue FAQs to address confusion over the reporting requirements.
The clarification comes after the implementation of the unifie...
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Banking
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A sharp surge in India's banking system liquidity will not be a long-term phenomenon, with most of the funds likely to be used up by the end of the financial year through various means, the central bank chief said on Wednesday.
The liquidity surplus in India's banking system has averaged 7.3 trillion rupee...
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The Reserve Bank of India has set a Rs 25,000 crore threshold for banks required to adopt the Standardised Approach for Counterparty Credit Risk, bringing greater clarity to how lenders must measure risks arising from derivatives and other transactions.
The approach will apply to commercial banks that eith...
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The Reserve Bank of India’s 25-basis-point repo rate hike on Wednesday may take time to fully transmit to lending and deposit rates, as abundant liquidity leaves banks with little incentive to raise funding costs, experts said.
“Transmission will likely be slower, except for loans directly linked to the ex...
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GLOBAL ECONOMY
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German industrial production rose by 2% in August from the previous month, the federal statistics office said Wednesday.
Analysts polled by Reuters had predicted a 0.5% rise.
The office offers more detailed data on its websi...
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Iraq's cabinet approved a new exchange-rate structure for the dinar, setting a rate of 1,520 dinars per US dollar, roughly 14.5% below the previous official rate, according to a Council of Ministers decision and a Finance Ministry...
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European Union authorities should take rising inflation into account when assessing government deviation from budget goals, Economy Minister Giancarlo Giorgetti said, arguing that higher prices can significantly affect governments...
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European Trade Commissioner Maros Sefcovic heads to Beijing on Wednesday for key talks designed to reduce the European Union's growing trade deficit with China, which threatens to destroy EU industry and many thousands of jobs.
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Moody's raised its outlook for sub-Saharan African countries to positive on Wednesday, saying reforms had helped them weather inflationary pressures, while strong commodity prices and easier access to financing had improved their ...
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Kenya's central bank maintained its benchmark lending rate at 8.75%, it said on Wednesday after a meeting of its Monetary Policy Committee.
• It was the fourth policy meeting in a row that the Central Bank of Kenya has kept the...
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The International Monetary Fund has reached a staff-level agreement with Pakistan on reviews of some of its lending programs, potentially unlocking about $1.21 billion in financing pending board approval, the fund said on Wednesda...
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INDIAN CORPORATE
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India Inc is expected to report strong numbers for the September quarter earnings season on the back of strong consumption trends, robust credit growth, elevated prices of metals and a boost to exporters from the sharp depreciatio...
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Air India and Singapore Airlines (SIA) will expand their commercial cooperation from October 15. The expansion is part of the initiatives outlined under the Commercial Cooperation Framework Agreement signed by the two airlines in ...
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Jubilant FoodWorks Ltd on Wednesday reported an 11.9% year-on-year rise in consolidated revenue from operations to Rs 2,608.7 crore for the quarter ended September 30, 2026, as the restaurant chain operator expanded its store netw...
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Swedish gear maker Ericsson will ship the antennas made in India to Europe and other markets, a senior executive said on Wednesday.
“Ericsson already makes 4G and 5G equipment in the country and now exports from it as well. We ...
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