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RBI

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May

RBI/2026-27/93 (Delhi)
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Removal of 7 Entries

28
May

RBI/DOR/2026-27/94 (Delhi)
Reserve Bank of India (Urban Co-operative Banks - Governance) Amendment Directions, 2026

28
May

RBI/DOR/2026-27/95 (Delhi)
Reserve Bank of India (Rural Co-operative Banks - Governance) Amendment Directions, 2026

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INDIAN ECONOMY

RBI Inflation FY2026-27: The inflation battle is back as RBI raises FY27 forecast to 5.1% amid West Asia war

The Reserve Bank of India in Friday's monetary policy review revised its inflation forecast upward for FY27, reflecting the sharp uptick in food prices and retail inflation readings amid the ongoing West Asia crisis. Amid global uncertainties, the RBI has projected consumer price inflation (CPI) at 5.1% fo...

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RBI GDP growth 2026-27: Forecast cut to 6.6% as oil, war and subpar monsoon risks mount

The Reserve Bank of India on Friday lowered its FY27 GDP growth forecast to 6.6% from 6.9%, citing rising risks from the ongoing West Asia conflict, elevated energy prices, supply disruptions and weather-related uncertainties, while keeping the benchmark repo rate unchanged at 5.25%. The central bank now e...

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RBI courts overseas investors as oil prices and capital outflows weigh on rupee

The Reserve Bank of India on Friday unveiled a series of measures aimed at attracting more foreign capital into the country, as policymakers seek to strengthen external finances amid global uncertainty and pressure on the rupee. The steps, announced by Governor Sanjay Malhotra after the monetary policy dec...

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Govt signals pragmatism after India-US trade talks

India and the US on Thursday wrapped up another round of discussions on an interim trade deal, as both sides sought to bridge gaps in their respective positions. A statement issued by the government after the conclusion of the bilateral talks that began on Monday was, however, non-committal on whether India’s...

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Kumar Mangalam Birla sees India’s Amrit Kaal as ‘once-in-a-generation chance’ to become a global economic power – Here’s why

Aditya Birla Group Chairman Kumar Mangalam Birla said India is passing through a historic phase of transformation that offers a once-in-a-generation opportunity to emerge as a global economic powerhouse. While speaking at the public valedictory of the RSS Karyakarta Vikas Varg-Dwitiya at Reshimbagh Ground in ...

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Rs 5.07 lakh crore debt, Rs 48,733 cr pending bills: Kerala’s White Paper flags deep fiscal stress

The newly elected United Democratic Front (UDF) government on Thursday tabled a White Paper on Kerala’s finances in the state Assembly, revealing mounting public debt, rising liabilities and persistent treasury stress that together paint a worrying picture of the state’s fiscal health. According to the rep...

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India, Venezuela deepen energy partnership

India and Venezuela on Thursday agreed to deepen energy cooperation and explore a long-term partnership across the oil sector, as New Delhi ramps up crude diversification and Venezuela emerges as one of the country’s fastest-growing sources of crude supplies. At a press conference following Prime Minister ...

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Import substitution polcy gets a leg up

The government is reinforcing its import substitution policies, even as tariffs for foreign goods are being whittled down under a flurry of bilateral free trade agreements. It has constituted six working groups to finalise a list of 100 products currently not being manufactured in India at the required scale ...

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RBI unveils 5 key measures to attract capital inflows: Opens 40-year bonds to foreign investors

At a time when global uncertainties continue to keep financial markets on edge, the Reserve Bank of India (RBI) has announced a slew of measures aimed at attracting more foreign capital into the country. The announcements came alongside the central bank’s latest monetary policy decision, where the Monetar...

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MARKET & FINANCE

RBI eases equity access for NRIs, other overseas investors, but inflows may take time

The Reserve Bank of India's move to increase the limits for investment in India's equity markets by non-resident Indians (NRIs), individual Persons Resident Outside India (PROIs) and overseas citizens of India (OCIs) with SEBI registration is not likely to move the needle on foreign flows. The limit for in...

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HDFC Mutual Fund imposes temporary curbs on gold ETF investments

HDFC Mutual Fund has imposed temporary restrictions on investments in its gold exchange-traded fund (ETF) schemes amid heightened interest in gold-backed assets. The fund house said it will stop accepting subscription transactions from large investors directly into HDFC Gold ETF from June 8, 2026. The restric...

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BFSI firms set to see AI-led decision-making and real-time fraud detection

Banking and financial services companies foresee AI-assisted decision-making and real-time fraud prevention becoming common in the near future, as early adopters move beyond experimentation to operational deployment, according to the ET-Cisco AI Readiness & Adoption survey for the BFSI sector. Meanwhile, t...

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Global Markets: Japan's Nikkei eases further from record high as AI euphoria fades

Japan's Nikkei share average retreated on Friday for a second consecutive session after closing at a record high earlier this week, as momentum slowed in the red-hot technology sector. The benchmark Nikkei 225 Index sank 1.3% to close at 66,588.12, eking out a 0.3% gain for the week. The broader Topix slid...

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India should stop selling itself short; long-term growth story intact: Citi CEO Jane Fraser

India should stop “selling itself short” over near-term economic challenges as its long-term growth trajectory remains firmly intact, said Jane Fraser, Chair and Chief Executive Officer of Citi, on Thursday. “India’s got to stop selling itself short. There are some short-term headwinds, but the long-term I...

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‘All great technology changes produce bubbles’: Ray Dalio’s AI warning raises one big question for investors

Artificial intelligence has become the defining investment story of the past two years, lifting stock markets, creating trillion-dollar companies and driving unprecedented demand for advanced chips. However, billionaire investor Ray Dalio believes the excitement surrounding AI is also showing familiar signs o...

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GLOBAL CORPORATE

Goldman Sachs Expects SpaceX's AI Revenue to Surge 100-Fold by 2030, FT Reports

Goldman Sachs expects revenue from SpaceX's AI division to surge to $322 billion by 2030, up from $3.2 billion in 2025, according to the Wall Street bank's forecasts shared with a potential investor, the Financial Times reported on Thursday. The investment bank has estimated SpaceX's total revenue to reac...

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China's Solar Majors Charge Into Batteries as Panel Sales Falter

China's major solar panel manufacturers are ramping up higher-margin battery exports to boost revenue as growth in photovoltaic (PV) sales slows, betting on rising global demand for renewable energy storage to cut reliance on fossil fuels. The sector has been hit by weaker domestic installations, slowing e...

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US Officials Eye Government Stakes in AI Companies, NOTUS Reports

Senior U.S. officials held preliminary discussions with major AI companies about the potential for the government to buy some shares in their firms, digital news outlet NOTUS reported on Thursday, citing three people familiar with the matter. While the planning is ongoing and details are in flux, discussio...

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Airbus Delivers 81 Jets in May, up 59% Year on Year

Airbus delivered 81 aircraft in May, up 59% from the same month last year and bringing its total deliveries to 262 so far this year, the planemaker said on Friday in its monthly report. May's tally rose sharply from 67 in April and 51 in May 2025, confirming a Reuters report from Thursday, as deliveries to...

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‘Long time before we can meet customer demand’: Why CEO of world’s largest contract chipmaker sees no end to AI chip rush

The growth of artificial intelligence is putting huge pressure on the global semiconductor industry, and the strain may not ease anytime soon. According to Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, demand for advanced chips continues to exceed what the company ...

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Anthropic’s $965B valuation creates 7 new AI billionaires worth $16.6B each

The artificial intelligence boom has created a new group of ultra-rich tech founders. AI startup Anthropic announced on Thursday that it had raised $65 billion in fresh funding. With this, the company’s valuation has skyrocketed to a staggering $965 billion. Anthropic has now overtaken its biggest rival, Open...

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INCOME TAX

Income-Tax Ordinance 2026: Govt Sweetens G-Sec Deal, Waives FII Tax to Attract Foreign Flows into Sovereign Debt Market; Key Update for Investors

Income-tax (Amendment) Ordinance, 2026 Notified: Govt Gives Tax Relief on G-Sec Investments for FIIs- So the Centre has officially issued and promulgated the Income-tax (Amendment) Ordinance, 2026, which I guess is meant to be a rather big tax relief for Foreign Institutional Investors (FIIs). It basically wa...

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RBI

RBI MPC Meeting 2026: Sanjay Malhotra & Co hold rates steady at 5.25% as oil shock, weak rupee & West Asia war cloud outlook

The Reserve Bank of India (RBI) on Friday unanimously voted to keep the benchmark repo rate unchanged at 5.25 per cent, with the Monetary Policy Committee (MPC) retaining its neutral stance as policymakers weighed mounting inflation risks from elevated crude oil prices, a weakening rupee, and concerns over a ...

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GLOBAL ECONOMY

Mexico Economy May Beat OECD Forecast, Finance Minister Says

Mexico's economy could grow more than the OECD's latest forecast, Finance Minister Edgar Amador Zamora said in an interview with newspaper Milenio published late on Wednesday, arguing that a planned surge in public investment and ...

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Fed's Daly Says AI Is Not for Now Driving Inflation up or Down

San Francisco Federal Reserve President Mary Daly on Thursday said that while she believes AI over a five- to 10-year window could be a deflationary force, the effect is "not a pressing issue" for monetary policy which operates on...

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Japan's Real Wages Extend Gains, Consumer Spending Decline Slows in April

Japan's real wages climbed 1.9% in April from a year earlier, government data showed on Friday, marking a fourth consecutive monthly gain, as higher special payments boosted overall earnings and improved household purchasing power...

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Time to Nip Inflation in the Bud: Five Questions for the ECB

The European Central Bank is expected to hike interest rates next week, becoming the first of the biggest central banks to do so since the Iran war unleashed an energy crisis that is stoking inflationary pressures in the euro zone...

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US job growth likely slowed in May, labor market seen stable despite oil shock

U.S. employment growth likely moderated in May after two straight months of strong gains, but the pace would probably remain consistent with stable labor market conditions. Economists expected the Labor Department's closely wat...

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INDIAN CORPORATE

Australia's AirTrunk to Invest $30 Billion in India by 2030

Australia's AirTrunk said on Friday it would invest $30 billion in India within the next four years to build out 5 gigawatts of new data centre capacity in the South Asian nation. Sydney-headquartered AirTrunk, backed by Blacks...

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BHEL bags Rs 21,000 crore power plant order; shares jump 2%

Share price of Bharat Heavy Electricals (BHEL) rose more than 2% as the company announced it has bagged an order worth Rs 21,000 crore for the development of a thermal power plant in Uttar Pradesh. BHEL: Order key details BHE...

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TCS partners Nokian Tyres to drive AI-led IT transformation

India’s IT services company, Tata Consultancy Services (TCS), has announced a strategic partnership with Finland-based premium tyre maker Nokian Tyres to expand the use of artificial intelligence (AI) across its IT operations. ...

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Rajesh Exports refutes SEBI’s claims of inflated financials

Rajesh Exports, which came under scrutiny after the Indian markets regulator alleged inflated financial disclosures, has refuted the claims. The revenues declared are correct and there is no over-statement of the same, the company...

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Tata Sons infuses Rs 5,166 crore more into teleservices arm

Tata Sons, the holding company of $150-billion Tata Group, infused an additional Rs 5,166 crore into loss-making telecom subsidiary Tata Teleservices during FY26, thus increasing its stake in the unlisted company to 94.3% and help...

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COMMERCIAL LAW

FDI equity flows up 18% in FY 26; US doubles its investment

The Foreign Direct Investment (FDI) equity inflows into the country increased 18% on year to $ 58.8 billion in 2025-26 with major boost provided by investors in computer software and hardware sectors, an analysis by the Department...

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