|
|
| IMC has enhanced its digital systems to incorporate new online features. To explore these updated processes, please visit our website: https://www.imcnet.org
|
|
|
| |
|
RBI
|
|
29
Apr
|
RBI/2026-27/16
(Delhi)
Reserve Bank of India (All India Financial Institutions – Undertaking of Financial
Services) –Amendment Directions, 2026
|
|
|
|
|
29
Apr
|
RBI/2026-27/19
(Delhi)
Reserve Bank of India (Regional Rural Banks – Undertaking of Financial
Services) – Amendment Directions, 2026
|
|
|
|
|
29
Apr
|
RBI/2026-27/20
(Delhi)
Reserve Bank of India (Small Finance Banks – Undertaking of Financial
Services) – Amendment Directions, 2026
|
|
|
|
|
29
Apr
|
RBI/2026-27/15
(Delhi)
Reserve Bank of India (Local Area Banks – Miscellaneous) – Amendment
Directions, 2026
|
|
|
|
|
29
Apr
|
RBI/2026-27/17
(Delhi)
Reserve Bank of India (Non-Banking Financial Companies– Undertaking of
Financial Services) –Amendment Directions, 2026
|
|
|
|
|
29
Apr
|
RBI/2026-27/18
(Delhi)
Reserve Bank of India (Rural Co-operative Banks– Undertaking of Financial
Services) – Amendment Directions, 2026
|
|
|
|
|
 |
|
|
INDIAN ECONOMY
|
|
|
While India’s gross FDI has increased in recent years, net FDI has been more variable. This divergence is consistent with a maturing investment ecosystem marked by smoother capital entry and exit and expanding two-way investment flows, explains Sunil Kumar
...
Read More
|
|
The free trade agreements (FTAs) finalised by India in the last three and a half years will help provide duty-free access to domestic goods, boost the country's exports and generate lakhs of jobs for people, Commerce and Industry Minister Piyush Goyal said on Thursday.
He said that India and New Zealand ha...
Read More
|
|
The Reserve Bank of India has repatriated nearly 77% of its gold reserves by the end of March 2026, accelerating the onshoring of bullion amid rising global scepticism about storing sovereign assets overseas.
Of the 880.52 metric tonnes (mt) of gold held at end-March, the central bank brought back about 68...
Read More
|
|
Chief Economic Advisor V Anantha Nageswaran on Thursday said India can achieve a 30 trillion dollar economy by the centenary year of its Independence, provided the country masters the challenge of technological prowess and frontier research.
"To hit the USD 30 trillion mark by 2047, the country would requi...
Read More
|
|
A supply shock accompanied by demand compression amid high prices and slowing activity may weigh on India’s FY27 economic growth, Finance Ministry economists said on Wednesday, underlining the severe impact of the West Asia conflict.
They said even sixty days after the war began on February 28, there’s sti...
Read More
|
|
India may again face an LPG supply gap of 850,000–900,000 tonne this month, only slightly lower than the 1 million tonne shortfall in March, despite ramping up domestic production by up to 40% and lining up additional cargoes from global markets, highlighting continued tightness in cooking gas supplies amid t...
Read More
|
|
Saudi Arabia and the United Arab Emirates sharply ramped up crude supplies to India in April, leveraging alternative routes to bypass the Strait of Hormuz disruption, even as traditional suppliers dropped out and Russian imports cooled, according to Kpler data.
Saudi shipments rose about 23% month-on-month...
Read More
|
|
The Ministry of Commerce and Industry on Thursday claimed that Invest India, a body under the department of promotion of Industry and Internal trade, has facilitated the grounding of 60 projects worth over $6.1 billion during FY26.
According to data released by the National Investment Promotion and Facilit...
Read More
|
|
The Union government on Thursday revised export duties on high speed diesel and aviation turbine fuel (ATF), reducing the levy on diesel from Rs 55.5 per litre to Rs 23 per litre and on ATF from Rs 42 per litre to Rs 33 per litre.
Export duty on petrol, however, continues to remain nil. The revision takes ...
Read More
|
|
|
MARKET & FINANCE
|
|
|
Unified Payments Interface (UPI), which completed 10 years of operations, has reached a record Rs 314 lakh crore in transaction value in FY26, representing more than a 4,000-fold increase since inception.
The transaction value was just Rs 0.07 lakh crore in 2016-17, the first year of UPI operation.
U...
Read More
|
|
Alok Agarwal, Head of Quant and Fund Manager at Alchemy Capital Management, argues that India's underperformance over the past year has already priced in most of the bad news — and that the risk-reward is now firmly in favour of long-term investors.
With Brent crude hitting $125 and foreign institutional i...
Read More
|
|
How soon will the Reserve Bank of India raise rates and how high will it have to take them? Those have become urgent questions for bankers in Mumbai after elevated energy-import costs pushed the rupee to a record low Thursday.
India’s challenge is similar to Japan’s, where the yen slid past the 160 mark ag...
Read More
|
|
|
GLOBAL CORPORATE
|
|
|
Blue Owl sold about ?half its investment in SpaceX at a $1.25 trillion valuation, the ?alternative asset manager's co-CEO Marc Lipschultz said on Thursday.
"Specifically at SpaceX ... we made about 10 (times) ?our money on that investment," ?Lipschultz said on a conference call with analysts. "We've sold a...
Read More
|
|
Insurer AIG posted a ?sharp ?rise in quarterly adjusted ?profit on Thursday, driven by strong underwriting and a ?steep decline in catastrophe-related losses from a year earlier when the industry ?was hit by claims from ?the Los Angeles wildfires.
The New York-based company - one of the world's ?largest ?c...
Read More
|
|
Huawei ?expects ?revenue from ?its AI chips to ?jump at least 60% this ?year, boosted by ?strong demand ?for ?domestic offerings from Chinese companies, the Financial ?Times reported on Friday.
The Chinese tech company expects revenue ?from its chips to reach ?about $12 ?billion this year ?based ?on orders...
Read More
|
|
Some ?big ?Japanese trading houses forecast on Friday ?record annual profits as the U.S.-Israeli war on Iran keeps commodity prices ?high, while domestic utilities warned of losses as procurement costs spike.
Japan, one of the world's most vulnerable countries to ?energy import disruptions, has stepped up ...
Read More
|
|
The price of Aviation Turbine Fuel (ATF), or jet fuel, for international airlines was increased by 5 per cent on Friday, marking the second straight monthly rise as oil companies pass on the global surge in energy prices in a calibrated manner, reported PTI.
There is no change in the ATF price for domestic...
Read More
|
|
Apple is working to get refunds for tariffs previously paid to the U.S. government but will reinvest any money it recovers in the country, Apple CEO Tim Cook said on Thursday.
Apple has disclosed more than $3.3 billion in tariff costs during the second administration of U.S. President Donald Trump. During ...
Read More
|
|
|
|
|
|
|
|
|
Banking
|
|
|
Indian banks are proactively strengthening their balance sheets by creating floating provision buffers to mitigate potential credit risks arising from the ongoing West Asia crisis, despite maintaining strong asset quality in the fourth quarter.
The geopolitical conflict has created risks for trade, supply...
Read More
|
|
In a move to expand its retail footprint in tier-1 cities, Federal Bank will acquire a majority of Standard Chartered Bank India’s credit card portfolio. The proposed transaction is expected to close in calendar year 2026.
Federal Bank will acquire around 450,000 cards—about 70% of Standard Chartered India...
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
GLOBAL ECONOMY
|
|
|
|
Two months after the US-Israel war with Iran began on February 28, the human and fiscal costs are already substantial. The death toll in Iran alone is estimated at between 3,000 and 6,000, while the US military campaign has cost a...
Read More
|
|
The euro ?zone ?economy isn't facing stagflation ?even as growth and inflation risks intensify, European Central ?Bank chief Christine Lagarde said on Thursday.
Analysts have described the bloc's economy as facing ?stagflation...
Read More
|
|
Mexico's finance ministry on ?Thursday ?kept its 2026 economic growth ?forecast unchanged, maintaining a relatively upbeat stance even after preliminary ?data showed the economy contracted slightly in the first quarter.
In its ...
Read More
|
|
Core ?consumer prices ?in ?Tokyo rose ?1.5% ?in April ?from a year ?earlier, government ?data showed ?on Friday.
The ?core ?consumer price ?index for Japan’s ?capital, ?which ?includes oil products but excludes ?fresh food pric...
Read More
|
|
Irish ?manufacturing ?activity grew at ?the fastest pace in four years in ?April, but firms also faced their sharpest ?rise in input costs ?since September 2022 on the ?back ?of the war in the Middle East, a ?survey published by S...
Read More
|
|
Japan's manufacturing activity grew ?at ?its strongest pace in over ?four years in April, as companies ramped up production and ?stockpiled goods amid supply chain disruptions caused by the Middle East war, a private-sector survey...
Read More
|
|
South Korean exports rose for ?an 11th month in April, beating forecasts, as the global ?appetite for artificial intelligence infrastructure boosted semiconductor sales to offset jitters from the Middle East ?conflict.
Exports...
Read More
|
|
?Brazil's ?government will announce ?on Monday new measures to tackle ?household indebtedness, President Luiz Inacio Lula da ?Silva said on Thursday, ?signaling that the program will ?build ?on a previous one established in 2023.
...
Read More
|
|
Japan intervened to support the yen against the U.S. dollar ?on ?Thursday, sources familiar with the matter told Reuters, in their latest ?attempt to stem a selloff worsened by a spike in oil prices linked to the Iran war.
Sour...
Read More
|
|
|
INDIAN CORPORATE
|
|
|
Billionaire Gautam Adani's conglomerate unveiled plans to overhaul its operating model, in an effort to cut decision-making time as it pushes for accelerated growth across businesses.
The Adani Group will introduce a three-laye...
Read More
|
|
The Mines Ministry has approved 58 companies for participation under the incentive scheme for promotion of critical mineral recycling. The Rs 1,500 crore scheme is under the National Critical Mineral Mission.
It aims to develop...
Read More
|
|
Adani Group entity Adani Green Energy Ltd (AGEL) plans to add up to 15,000 gigawatt hours (GHh) of battery energy storage capacity every year, which would require investments worth thousands of crores.
This would be in addition...
Read More
|
|
Toyota Motor plans to build three vehicle assembly ?plants in India's western ?state of Maharashtra as automakers shift focus to ?emerging markets from stagnating ones such as the United States and China, the Nikkei newspaper said...
Read More
|
|
Adani Ports & Special Economic Zone has posted 10.4% YoY profit growth in the fourth quarter of fiscal year 2025-26. The company reported a consolidated profit of Rs 3,328 crore in Q4 FY26. The Adani Group company’s consolidated p...
Read More
|
|
The country’s largest consumer goods company, Hindustan Unilever (HUL), on Thursday beat March-quarter street estimates on both topline and bottomline as demand conditions remained stable during the period. But the management warn...
Read More
|
|
Adani Group’s ACC Cement reported a massive 68% YoY profit drop during the March quarter of FY26. The cement maker posted a consolidated net profit of Rs 238 crore in Q4 FY26. Its net profit in Q4 FY25 was at Rs 751 crore.
ACC ...
Read More
|
|
Mphasis on Thursday reported a sequential increase in net profit and revenue for the quarter ended March FY26. For the fourth-quarter, while net profit grew by 15.3% on a quarterly basis to Rs. 509.6 crore from Rs 468.7 crore, tot...
Read More
|
|
In a major relief to the debt-laden Vodafone Idea, the government has cut its adjusted gross revenue (AGR) dues by about Rs 23,600 crore, or nearly 27%, to Rs 64,046 crore as of December 31, 2025, following a reassessment by a dep...
Read More
|
|
Solar products maker Waaree Energies is looking to incur a capital expenditure of Rs 30,000 crore in the next two years .
The company will incur the capex in backward integration into cell , ingot and wafer manufacturing, batte...
Read More
|
|
Central Bank of India’s net profit for the quarter ended March declined by 30% on year Rs 724 crore, mainly due to a one-time Rs 632 crore hit from deferred tax asset revaluation after a tax rate change.
“Net Profit decreased t...
Read More
|
|
|
|
|
|
|
GST
|
|
|
Bombay high court on Thursday quashed and set aside a show cause notice issued in 2022 to Tata Sons for a demand of Rs 1,524 crore as Integrated Goods and Service Tax (IGST).
Justices Girish Kulkarni and Aarti Sathe on Thursday also agreed with Tata Sons that following the final settlement in 2017, Docomo's ...
Read More
|
|
India's gross GST collections for April reached a record high of Rs 2.42 lakh crore, up 8.7% compared with the same month last fiscal year, according to official data released on Friday. The data indicates no immediate disruption to business activity, even as global uncertainties persisted, pointing to underl...
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
IMC Chamber of Commerce and Industry has sent this e-mail to you because your subscription preferences indicate that you want to receive latest news alerts on this email ID. For suggestions and feedback news alerts on this email ID. For suggestions and feedback click here .
|
|
|
|
|
|