INDIAN ECONOMY
|
|
|
NITI Aayog Vice Chairman Ashok Kumar Lahiri on Friday said India must significantly increase its investment rate to sustain its growth momentum, stressing that investment is as important as consumption in generating demand and driving economic growth.
Speaking at the launch of NITI Aayog's Investment Frien...
Read More
|
|
Aiming to reduce dependence on imports and overseas supplies, India is looking to give a fresh push to its domestic manufacturing plans. The government is preparing to strengthen domestic manufacturing for products which currently account for imports worth $51 billion, according to sources quoted in a Reuters...
Read More
|
|
India's current account deficit (CAD) is expected to widen sharply to 1.5 per cent of GDP in FY27 from 0.6 per cent in FY26, as higher crude oil and commodity prices increase pressure on the country's external balance, according to Crisil's 'Trade First Cut' report for July 2026....
Read More
|
|
States' fiscal deficit is expected to moderate to 3.4 per cent of Gross State Domestic Product (GSDP) in FY27, supported by stronger tax collections and an improvement in revenue receipts, according to an ICICI Bank report.
The report said the outlook for state finances has improved after a stronger start ...
Read More
|
|
India’s recent export growth does not depend solely on higher value realisation due to elevated commodity prices particularly of crude oil, aluminium and copper since the onset of the war in West Asia. Around 72 product categories out of 100 for which quantity data is available showed robust growth in export ...
Read More
|
|
The government will release a revised Index of Core Industries (ICI) on Monday by adding iron ore to the gauge and increasing the number of industries tracked to nine from eight.
The revised ICI series will have 2022–23 as the base year, updated from 2011-12 in the current series....
Read More
|
|
Gujarat has emerged as India’s most investment-friendly state, followed by Maharashtra and Tamil Nadu, in the first Investment Friendliness Index released by NITI Aayog on Friday.
Gujarat secured an overall score of 56.6 out of 100, while Maharashtra scored 53.7 and Tamil Nadu 53.3. Goa, with 53.1, and Odi...
Read More
|
|
Renewed and sustained fighting between the US and Iran could keep a geopolitical risk premium of $15-20 a barrel embedded in crude prices, after Brent surged above $85 from $72 at the start of the month amid maritime attacks and Washington’s renewed naval blockade of Iranian ports....
Read More
|
|
|
MARKET & FINANCE
|
|
|
India’s foreign exchange reserves rose for a second consecutive week, supported by an increase in foreign currency assets, as the Reserve Bank of India’s measures to attract overseas deposits began providing an additional buffer against the external-sector pressures created by the West Asia conflict.
The c...
Read More
|
|
In its latest circular, the Securities and exchange board of India (Sebi) extended the facility of creating standing instructions with the registrar and transfer agent (RTA) or the fund house for STP and SWP transactions.
This will allow the investors holding their mutual fund units in demat form to create s...
Read More
|
|
Foreign institutional investors (FIIs) sold 1.46% stake in Reliance Industries (RIL) worth Rs 26,000 crore in the first quarter of FY27, bringing down their quarterly holding to 17.20% — the lowest in nearly a decade. During the same period, RIL promoters bought shares worth Rs 9,500 crore raising their stake...
Read More
|
|
|
GLOBAL CORPORATE
|
|
|
Three Chinese airlines will buy a combined 95 Airbus aircraft for a total list price of about $17.8 billion, as carriers in the world's second-largest aviation market push to expand capacity and modernise their fleets with more fuel-efficient jets.
Air China and its unit Shenzhen Airlines will buy 55 Airbu...
Read More
|
|
The European Commission aims to limit political interference in European Union banking mergers and remove obstacles to cross-border banking within the bloc to allow EU banks to compete more effectively against larger U.S. rivals.
An EU executive report released on Friday says internal barriers are preventi...
Read More
|
|
Meta Platforms is in talks to lease computing power to Anthropic in a potential deal worth up to $10 billion over two years, according to a source familiar with the matter.
Shares of the social media giant pared losses slightly after the news and closed down more than 2% amid a wider tech selloff on Friday...
Read More
|
|
Boeing maintained its forecast for strong global demand for new commercial aircraft over the next 20 years, according to the U.S. planemaker's market projection released in England on Saturday, ahead of the Farnborough Airshow.
The U.S. planemaker's forecast was almost identical to its 2025 outlook. Boein...
Read More
|
|
|
|
|
|
|
RBI
|
|
|
The Reserve Bank of India (RBI) on Thursday said banks must dispose of immovable assets acquired against bad loans within seven years through a public auction conducted in accordance with the principles laid down under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Inter...
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GLOBAL ECONOMY
|
|
|
|
The euro zone's seasonally adjusted current account surplus widened in May as a rise in primary income, which includes items like interest, profit or dividend income, offset a narrowing trade surplus, European Central Bank data sh...
Read More
|
|
Brazil's government has authorized nearly 13.3 billion reais ($2.6 billion) in extraordinary credit for rural development programs, debt-refinancing initiatives, and support for sugarcane producers affected by U.S. tariffs, it sai...
Read More
|
|
U.S. import prices unexpectedly rose in June as declines in the costs of food and energy products were more than offset by higher prices for capital and consumer goods, leading to the largest annual increase in imported inflation ...
Read More
|
|
U.S. consumer sentiment increased to a five-month high in July, but the improvement is likely temporary as renewed conflict in the Middle East raises gasoline prices....
Read More
|
|
China is set to leave benchmark lending rates unchanged for a 14th consecutive month in July, a Reuters survey showed, despite softer-than-expected second-quarter economic data highlighting uneven growth in the world's second-larg...
Read More
|
|
U.S. factory production was unchanged in June, but grew at a robust pace in the second quarter, driven by an artificial intelligence build-up and businesses accumulating inventory in anticipation of shortages and higher prices due...
Read More
|
|
|
INDIAN CORPORATE
|
|
|
Punjab National Bank reported a threefold jump in its net profit to Rs 5,253 crore for the first quarter of the 2026-27 fiscal, driven by an increase in its net interest income. The PSU lender's total interest income arrived at Rs...
Read More
|
|
Axis Bank on Saturday reported a 23 percent year-on-year rise in standalone net profit to Rs 7,114 crore for the April-June quarter of FY27, driven by steady operating performance and stable asset quality. The private sector lende...
Read More
|
|
Kotak Mahindra Bank Ltd on Saturday reported a 25.6 percent year-on-year rise in standalone net profit for the April-June quarter, beating Street estimates, while net interest income (NII) came in slightly below expectations. Asse...
Read More
|
|
ITC Hotels' Thursday reported a 14.8% increase in consolidated revenue at Rs 936 crore this April-June, compared to Rs 816 crore in same period last fiscal. And the hospitality major's profit rose 36% to Rs 180 crore, up from Rs 1...
Read More
|
|
Axis Bank on Saturday reported a standalone net profit of Rs 7,114 crore for the April-June quarter of FY27, marking a 22.5% year-on-year rise from Rs 5,806 crore in the corresponding quarter of the previous financial year.
The...
Read More
|
|
JSW Steel’s Q1FY27 profit doubled to Rs 4,696 crore, up from Rs 2,209 crore reported in Q1FY26. The company’s Q1FY27 revenue from operations stood at Rs 47,364 crore, up 9.7% year-on-year (YoY) from Rs 43,147 crore reported in Q1F...
Read More
|
|
Reliance Industries started FY27 on a strong note supported by strong performance in its telecom, retail and oil-to-chemicals (O2C) businesses. All the three verticals delivered double-digit growth. Consumer businesses, led by Jio...
Read More
|
|
Jio Platforms (JPL) on Friday posted a 2.16% sequential decline in its net profit — its first ever — during the June 2026 quarter due to higher depreciation and finance cost related to 5G rollout. JPL’s consolidated net profit in ...
Read More
|
|
Tata Technologies reported an 11.4% sequential drop in net profit to Rs 180.8 crore for the June quarter. Excluding the one-time reversal of a provision under the new labour code in Q4FY26, the first-quarter profit growth was 11.3...
Read More
|
|
Reliance Retail, the country’s largest organised retailer, on Friday reported a 14.1% year-on-year (y-o-y) decline in net profit to Rs 2,805 crore amid higher depreciation and investment in its quick commerce business. However, re...
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
|