INDIAN ECONOMY
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Along with diversifying export destinations and import sources, India should focus on reducing critical single-country dependencies and strengthening domestic value addition to build greater trade and production resilience, EY India said in a report.
India’s merchandise trade imbalance is large and diverse...
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The government should support job-creating labour-intensive sectors as well as frontier industries in the coming years, and support to them should be well-designed, linked to clear goals, and reviewed regularly, S Mahendra Dev, chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), said on ...
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The finance ministry’s nowcasting model estimates India’s economy will grow 7.35% in FY27, according to its monthly economic report published on Thursday, supported by stronger industrial output, energy consumption, port traffic, GST collections and automobile sales.
"Following real GDP growth of 7.8 per c...
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India's pharmaceutical exports grew nearly 5 per cent to USD 16.13 billion in the first half of the current fiscal year, driven by strong demand from Europe, ASEAN, and Latin America, according to Pharmexcil data released on Thursday.
Shipments stood at USD 15.38 billion in the same period last fiscal year...
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Commerce and Industry Minister Piyush Goyal on Thursday expressed confidence that India would achieve its ambitious $1 trillion exports target in the current financial year, despite geopolitical uncertainties and disruptions to global trade caused by the West Asia crisis and the Russia-Ukraine war.
"We wil...
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India’s economy may have grown by 7.35% in the July-September quarter of FY27, according to a nowcasting model used by the Finance Ministry’s Economic Division. The estimate points to sustained economic activity, supported by consumer demand, industrial production, tax collections and investment.
The estim...
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India’s services sector output continued to grow at a robust pace, with 11 of the 19 sectors tracked under the trial Index of Services Production (ISP) growing quicker in August compared to July.
While the Ministry of Statistics and Programme Implementation (MoSPI) does not yet publish overall growth rate ...
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Union Commerce and Industry Minister Piyush Goyal on Thursday stated that the proposed India-US free trade agreement would not compromise the sensitive interests of Indian farmers or any other domestic stakeholders. Addressing the ISID-IDRA Fourth National Conference, Goyal emphasised that once details of the...
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India faces fresh inflation risks as elevated crude oil prices and disruptions to maritime routes in West Asia threaten to raise import and business costs. Higher energy and freight expenses could add to price pressures across the economy if supply disruptions persist.
India’s October 2026 Monthly Economic...
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MARKET & FINANCE
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Companies with high credit ratings are increasingly turning to the bond market to raise funds due to relatively cheaper costs when compared with banks.
Data compiled by PTI showed that AAA-rated corporates raised funds at coupon rates ranging from 8.13 per cent to 8.85 per cent so far in October....
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The government allowed the Employees' Provident Fund Organisation (EPFO) to invest in alternative investment funds (AIFS) five years ago. Now, the provident fund body is working on rules about how it can invest in AIFs and startups, as per a Times of India (ToI) report....
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GLOBAL CORPORATE
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Chinese electric vehicle maker BYD reported a smaller-than-expected 28% rise in third-quarter profit on Thursday, though strong export growth helped offset persistent weakness in its home market.
Net profit rose to 10 billion yuan ($1.50 billion) in the third quarter, a stock filing showed, cooling from a ...
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Renault Group beat third-quarter revenue expectations on Thursday, boosting its shares as higher sales of its popular electric models countered lower volumes and price pressure from Chinese competitors.
Revenue at the French automaker rose 1.4% at constant exchange rates to €11.6 billion ($13.0 billion), t...
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The US economy grew faster than expected in the third quarter as resilient consumer spending and AI-driven business investment more than offset the impact of higher oil prices stemming from the conflict in the Middle East.
Gross domestic product increased at a 3.4% annualized rate last quarter, the Commerc...
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Cognizant has lowered its full-year 2026 revenue growth guidance despite reporting better-than-expected revenue in the July-September quarter, as persistent macroeconomic uncertainty and delayed client spending weigh on its growth outlook.
The US-based IT services firm now expects revenue to grow 4-4.4% in...
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The West Asia conflict has thrown global energy corridors into turmoil — with oil prices skyrocketing amid a series of deadly attacks. Brent crude hit $117 last week as Iran ramped up its attacks against tankers transiting the Strait of Hormuz and the Persian Gulf. Meanwhile, Houthi rebels have extended their...
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Banking
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India's banking sector is confident about sustaining double-digit credit growth despite increasing funding pressures and macroeconomic headwinds.
"Banking sector maintains a strongly constructive outlook on credit growth, underpinned by resilient demand across retail, SME (small and medium enterprises), in...
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GLOBAL ECONOMY
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South Africa's economy was estimated to be 4.9% larger than previously reported after a benchmarking and rebasing exercise, the statistics agency said on Thursday.
• Statistics South Africa said the exercise raised the size of ...
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US economic growth likely accelerated in the third quarter as resilient consumer spending and AI-driven business investment more than offset the impact of higher oil prices stemming from the conflict in the Middle East.
The ant...
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INDIAN CORPORATE
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Reliance Industries emerged as the biggest beneficiary of a global diesel supply crunch, exporting an estimated 541 kbd (thousand barrels per day) in October 2026, the highest level in the 18-month period, according to data from m...
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Tata Group's Taj Hotels and Adani
Airports have entered into an agreement for eight hotels across four cities - Mumbai, Ahmedabad, Lucknow and Guwahati. Adani operates the airports in these cities and Taj Group will create a comb...
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State-owned coal producer CIL on Tuesday said its capital expenditure rose 27 per cent to Rs 7,966 crore during the first half of the current financial year from Rs 6,283 crore a year ago.
The increased capex comes in the wake ...
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Soon after the Adani Group reportedly missed the chance to buy a stake in the UK's Associated British Ports (ABP) as the 64% stake was sold to Australian asset management firm IFM Investors, it is said to be eyeing another Europe-...
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Asian Paints posted a 7% year-on-year increase in its Q2 FY27 consolidated net profit to Rs 1,067 crore as compared to Rs 993 crore reported in the year-ago period. However, on a quarter-on-quarter basis its profit dipped 30% agai...
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Welspun Corp reported a net profit of Rs 498.56 crore in Q2FY27, increasing 13.39% year-on-year (YoY) from Rs 439.68 crore in Q2FY26.
Welspun Corp’s consolidated revenue from operations stood at Rs 4,643.72 crore, up 6.18% YoY ...
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Adani Group’s cement arm, Ambuja Cements, posted its Q2 FY27 net profit at Rs 235 crore, down sharply from Rs 2,336 crore reported in the year-ago period. Sequentially too, its profit fell 71% from Rs 660 crore in Q1 FY27. The dra...
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Asian Paints‘ September-quarter (Q2FY27) earnings fell short of analyst estimates as sharp raw material inflation and supply constraints weighed on profitability, even as revenue rose nearly 17% year-on-year.
Net profit for the...
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IndiGo is likely to raise fares to offset soaring fuel costs after the airline reported its third consecutive quarterly loss, despite a sharp increase in revenue and operating earnings that beat Bloomberg estimates.
InterGlobe ...
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