April 16, 2026

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PHDCCI - IMC: Business Delegation from Trinidad and Tobago (Country in the Caribbean)

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RBI

14
Apr

RBI/2026-27/10 (Delhi)
Master Direction - Reserve Bank of India (Non-resident Investment in Debt Instruments) Directions, 2025 amendment

14
Apr

RBI/2026-27/09 (Delhi)
Formation of new districts in the State of Andhra Pradesh – Assignment of Lead Bank Responsibility

14
Apr

RBI/2026-27/08 (Delhi)
Guidelines to facilitate faster cross-border inward payments

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INDIAN ECONOMY

Sugar crushing season hits final phase, production reaches 274.8 lakh tons

The sugar production reached 274.8 lakh tons, compared to 254.96 lakh tons on the corresponding date last year, i.e. around 8% higher, as of 15 April 2026 (SS 2025–26). A total of 19 factories are currently operational, versus 38 mills operating at the same time last year, said a statement by the Indian Sugar...

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Electronics imports cross USD 100 billion in 2025-26: Commerce Ministry

The country's electronics imports have crossed the USD 100 billion mark in 2025-26, according to the Commerce Ministry data. It grew by 17.76 per cent to USD 116.17 billion in 2025-26 against USD 98.65 billion in the preceding fiscal. Commenting on the data, think tank GTRI said India's high electronics...

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India's Apple component exports to China surge to record $2.5 billion under ECMS scheme

Apple’s vendors exported a record $2.5 billion of components and sub-assemblies to China in FY26 already, indicating early success of the government’s electronics component manufacturing scheme (ECMS) that was notified last year, said officials and industry executives. It also marked the start of a reversal t...

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India achieves record exports of USD 860 billion in 2025-26: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Wednesday said India has achieved a record in exports of goods and services, with total shipments crossing USD 860 billion in 2025- 26. Total merchandise and services exports were worth USD 825 billion in 2024-25. "Bharat sets a new export record!. A matter...

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Govt approves Special Economic Zone for Tata’s Rs 91,000 crore chip plant in Dholera

The government has notified a special economic zone to be set up by Tata Semiconductor Manufacturing for electronic hardware and software, including IT/ITeS, at Dholera in Gujarat. The company has proposed an investment of Rs 91,000 crore to set up India’s first chip fabrication unit. The proposal was a...

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Wholesale inflation rises to 38-month high of 3.88% in March

India’s wholesale price inflation rose to a 38-month high of 3.88% (year-on-year) in March (provisional), up from 2.13% in February, primarily due to a sharp increase in the prices of crude petroleum and natural gas, according to data released by the Ministry of Commerce and Industry on Wednesday. The March W...

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India doubles Russian oil imports to €5.8 bn; Russia revenues jump 52% to €713 mn/day

India’s imports of Russian crude oil doubled in March 2026, pushing total purchases of Russian fossil fuels to €5.8 billion, even as Moscow’s export revenues surged 52% month-on-month to €713 million per day — the highest in two years — amid rising prices and sanctions-driven shifts in trade flows. Accordi...

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Power demand set to surge from mid-May; El Niño may drive peak load beyond 240 GW

India’s power demand is poised for a sharp rebound from mid-May, with brokerages flagging a sustained summer surge driven by rising temperatures and potential El Niño conditions, even as recent weather disruptions led to a temporary drop in consumption and prices, according to brokerage reports. A report b...

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Wheat procurement down 70% as key states get cold feet

Wheat procurement drive by government agencies for the 2026-27 market season (April-June) has been sluggish so far, as Punjab and Haryana have reduced purshases due to unseasonal rains. So far the wheat purchase at minimum support price (MSP) has reached 1.53 million tonne (MT) mostly in Madhya Pradesh, Ha...

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Goods exports fall 7.4% in March, shipments to West Asia down 68%

The US-Israel war with Iran and the resultant blockade of the Strait of Hormuz, a key waterway, caused India’s merchandise exports to fall 7.4% year-on-year to $38.92 billion in March; shipments to the West Asian region dropped by 58%. With imports also declining by 6.5% to $59.59 billion in the month, India’...

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Input cost rise upends India Inc plans

Corporate India is grappling with a sharp spike in commodity costs triggered by the war in West Asia that has forced firms to reassess pricing strategies, defer capital expenditure plans, and brace for earnings and margin pressures in the coming quarters. Crude oil, the most immediate casualty of the confl...

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MFs reduce cash holdings by Rs 15,545 crore in March

The mutual fund industry reduced its cash holdings by Rs 15,545 crore in March, as they deployed capital to tap opportunities arising from market volatility triggered by the West Asia crisis and a sharp rise in Brent crude prices. On a yearly basis, the industry’s cash holdings as a percentage of equity as...

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GLOBAL CORPORATE

Aerospace Parts Maker Arxis Raises $1.13 Billion in US IPO

Aerospace parts maker Arxis said on Wednesday it raised $1.13 billion in its U.S. initial public offering after pricing shares at $28 each. The Bloomfield, Connecticut-based company sold 40.5 million shares in the upsized offering at the top-end of its indicated price range of between $25 and $28 apiece. ...

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TSMC Q1 Profit Jumps 58% to Record, Beats Expectations

TSMC, the world's largest contract chipmaker, posted a 58% jump in first-quarter net profit on Thursday, beating market forecasts and hitting a record, as it benefits from huge appetite globally for its artificial intelligence processors. Taiwan Semiconductor Manufacturing Co, whose customers include Nvid...

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EQT Restarts Sale of Contact Lens Maker Ginko in at Least $1 Billion Deal, Sources Say

Private equity firm EQT is restarting the sale process for the mainland Chinese business of contact lens maker Ginko International, targeting a valuation of at least $1 billion, three people with knowledge of the matter said. EQT agreed to sell the business last year to U.S.-based buyout firm Advent Intern...

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INCOME TAX

TCS filing made easier: Income Tax Dept brings in new Form 143, replacing 27EQ

The Income Tax Department has rolled out a new and simplified form for reporting Tax Collected at Source (TCS), aiming to make compliance easier for businesses and collectors. From April 1, 2026, Form 143 replaced the older Form 27EQ. It posted on X, “Old form 27EQ has been replaced with new form 143. Form...

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RBI

Expansion made easy for NBFCs

The Reserve Bank of India on Wednesday opened the door for a major expansion push by gold loan companies and other retail-focused NBFCs. The RBI issued the Non-Banking Financial Companies – Branch Authorisation Amendment Directions, 2026, allowing NBFCs to open branches without prior approval. The sector’s mo...

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Banking

Deposit & credit growth in FY26 at two-year highs

The banking system ended FY26 on a strong note, with both credit and deposit growth touching two-year highs. The deposit growth came in at 13.47%, the fastest pace since May 2024, as households and institutions moved money into safer avenues after a turbulent spell in financial markets. A sharp correction ...

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GLOBAL ECONOMY

China's Factory Output Rises 5.7% in March, Retail Sales Growth Slips to 1.7%

China's industrial output rose 5.7% in March from a year earlier, slowing from 6.3% growth in January-February, as the fallout from the Iran war dampened momentum in the world's second-largest economy. The output data released ...

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Japan Sees Private Credit as a Policy Pillar Despite Overseas Market Turmoil

Japan's financial regulator sees private credit as a potential key pillar of its new strategy to meet rising corporate funding demand driven by a surge in M&A activity, a senior official told Reuters, despite turbulence in oversea...

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Bank of England's Bailey Says 'Not Going to Rush' Judgements on Rate Rises, BBC Reports

The Bank of England was "not going to rush to judgements" on interest rate rises, Governor Andrew Bailey told BBC News, as global central banks contend with an energy price shock driven by the Iran war. Bailey, in Washington fo...

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UK economy grew faster than expected ahead of Iran war

The UK economy saw its biggest monthly rise in February in more than two years, official figures show. The Office for National Statistics (ONS) said the economy grew by a faster-than-expected 0.5%, while it revised its estimate...

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INDIAN CORPORATE

Mahindra eyes South Africa expansion as China rivals gain ground

Mahindra & Mahindra Ltd. is at an advanced stage of assessing plans to upgrade its South African plant, according to people familiar with the matter, as India’s second-largest automaker looks to capitalize on rising demand for aff...

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Sowparnika Projects in talks to raise Rs 500 cr for expansion

Sowparnika Projects, a real estate firm with a growing presence across south India, is in advanced stages of raising Rs 500 crore to fund its expansion and scale its project portfolio over the next 18 to 24 months."We are in talks...

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Muthoot Finance to enter insurance market; Seeks shareholder nod as board approves proposal

Muthoot Finance has sought shareholder approval to foray into insurance distribution in both the life and general insurance sectors. In a postal ballot notice, Muthoot Finance sought shareholders’ nod to amend the company’s Memora...

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HDB Financial Q4: Net profit up 41%; board recommends Rs 2 dividend

HDFC group company, HDB Financial Services, announced its Q4 and full-year FY26 results today, marking its first set of audited financials since listing in July 2025. The NBFC delivered double-digit growth in its YoY performanc...

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JioHotstar deepens partnership with Warner Bros. Discovery

JioHotstar is doubling down on premium global content in India with the launch of an HBO Max hub, deepening its partnership with Warner Bros. Discovery. The hub will host titles from HBO, Max Originals, Warner Bros. Pictures, W...

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GST

STD conducts GST workshop for CSCs

Additional Commissioner Namrita Dogra chairing a workshop at Jammu on Monday. Excelsior Correspondent JAMMU, Apr 13: Jammu and Kashmir State Taxes Department (STD) today organized a comprehensive training workshop for representatives of Common Service Centers (CSCs) operating across Jammu, Samba and Kathua ...

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