INDIAN ECONOMY
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India is set to overhaul how it calculates real GDP growth under a revised national accounts series due to launch this week, the country's top statistical official said, adopting more granular price deflation to address concerns raised by economists.
“We will now use about 500-600 items from the new CPI an...
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India’s retail inflation, which has stayed below the Reserve Bank of India’s (RBI’s) 4 per cent target in recent times, is likely to remain benign in the coming months, RBI Deputy Governor Poonam Gupta said in a speech, on Friday, which was uploaded on the central bank’s website on Tuesday.
Headline inflat...
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The Indian economy is expected to remain resilient, with gross domestic product likely expanding about 8.1% in the third quarter of the current financial year, according to a report by State Bank of India released Tuesday.
High-frequency indicators suggest strong growth momentum in Q3FY26, it noted. Rural ...
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The Indian economy, with its macroeconomic stability, policy consistency, and a large and diversified demand and production base, is assured of a continuously improving economic trajectory, Reserve Bank of India Deputy Governor Poonam Gupta said on Tuesday, asserting that high, stable and accelerating growth ...
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Bajaj Auto Managing Director Rajiv Bajaj expressed strong concerns about the Maharashtra government’s electric vehicle (EV) policy. Speaking to CNBC-TV18, Bajaj said the company has received only a small portion of the incentives it is owed under the state scheme and is uncertain whether the remaining subsidi...
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India and six-nation Gulf Cooperation Council (GCC) have commenced negotiations of their Free Trade Agreement with the signing of a joint statement on Tuesday.
The joint statement was signed by Commerce and Industry Minister Piyush Goyal and Secretary General of GCC Jasem Mohammad Al Budaiwi in New Delhi....
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A new Wholesale Price Index (WPI) series with 2022-23 as base year is expected to be released in a couple of months and will be adopted in the new Gross Domestic Product (GDP) series, Ministry of Statistics and Programme Implementation (MoSPI) Secretary Saurabh Garg told FE.
“As the base revision of WPI an...
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MARKET & FINANCE
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Indian government bonds rose in early deals on Wednesday after strong purchases from the "others" investor category fuelled expectations that the central bank may have been among the buyers.
The benchmark 6.48% 2035 bond yield was at 6.6726% as of 10:05 a.m. IST, after ending at 6.6812% on Tuesday. The yie...
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The Reserve Bank of India is not considering revisiting its recently announced norms on bank financing for traders and brokers, Governor Sanjay Malhotra said on Monday. He also ruled out any systemic risk arising from the IDFC First Bank fraud.
The RBI recently mandated that banks must secure 100% collater...
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GLOBAL CORPORATE
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Last week, the US Supreme Court dismantled Trump's tariff playbook and now, his administration is responsible to refund $134 billion collected in tariff revenue over the past months. The key question, however, is whether US consumers, who bore the cost of the tariffs, will receive any refunds.
Since assuming...
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European Union officials expect the U.S. to lower tariffs on goods containing steel and aluminum within weeks, potentially easing a major source of friction in transatlantic trade ties, Bloomberg News reported on Tuesday, citing people familiar with the matter.
The planned changes would not affect tariffs ...
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The European Union is facing a "transitional period" of a few months in relations with the U.S. after President Donald Trump's new "import surcharge", which threatens to undermine the trade deal the two sides struck last year, European Trade Commissioner Maros Sefcovic said on Tuesday.
The EU trade chief t...
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French beauty group L'Oreal, British vacuum manufacturer Dyson and contact lens maker Bausch + Lomb became the latest corporations to sue for refunds of tariffs paid under President Donald Trump’s emergency trade measures, days after the U.S. Supreme Court ruled the duties unlawful, court filings showed.
T...
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China's top chipmakers, including SMIC and Hua Hong Semiconductor, are aiming to boost their output of advanced semiconductors to meet burgeoning artificial intelligence demand, Nikkei said on Wednesday citing sources.
Semiconductor Manufacturing International Co (SMIC), Hua Hong and several Huawei-linked ...
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The prices importers can get from selling rights to potential government refunds have surged in the wake of the U.S. Supreme Court’s ruling that President Donald Trump’s emergency tariffs are illegal.
The high court did not order refunds of the estimated $175 billion the government has taken in since last ...
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GLOBAL ECONOMY
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Hong Kong's economy will remain buoyant this year, growing by 2.5%-3.5%, with an expected return to a more robust fiscal position following several years of budget deficits, financial secretary Paul Chan said in his annual budget ...
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Mexico's annual inflation rate hit 3.92% in the first half of February, official data showed on Tuesday, slightly above the 3.89% expected by economists polled by Reuters, while core inflation remained stubborn.
Consumer prices...
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Canadian factory sales most likely fell 3.3% in January from December, largely driven by lower sales in the transportation equipment and machinery subsectors, Statistics Canada said in a flash estimate on Tuesday.
The estimate ...
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Switzerland may see negative inflation in some coming months, but that would not be cause for alarm with the Swiss National Bank focussing on mid-term price developments, SNB Chairman Martin Schlegel said on Tuesday.
Speaking a...
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A leading indicator of Japan's services sector prices rose 2.6% in January from a year earlier, data showed on Wednesday, a sign rising wages from a tight labour market continued to pile inflationary pressure on the economy.
Th...
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Australian consumer prices rose by more than expected in January, while core inflation hit the highest in over a year, an uncomfortable outcome for policymakers that raises the risk of another hike in interest rates.
The Austra...
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U.S. consumer confidence rebounded more than expected in February amid an improvement in households' perceptions of the labor market, a survey showed on Tuesday. The Conference Board said its consumer confidence index increased 2....
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INDIAN CORPORATE
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Reliance Retail ranked as India's largest unlisted company by revenue in the Unlisted Gems 2026 list released by JM Financial, in collaboration with Hurun India.
Flipkart secured the second spot with revenues of Rs 83,000 crore...
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US oil major Chevron sold its first cargo of Venezuelan crude to Mukesh Ambani-led Reliance Industries since December 2023, according to a report by Reuters. The cargo includes Boscan heavy crude which is expected to be shipped on...
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Insolvency
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The Supreme Court on Tuesday said that attachment of assets under the Benami Act, 1988 can only be challenged within the Benami Act’s statutory framework, and not before the National Company Law Tribunal (NCLT) or National Company...
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