INDIAN ECONOMY
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India is emerging as one of the world's biggest investment opportunities, with global companies increasingly backing its long-term growth story despite carefully weighing risks and returns, according to Harjinder Kang, the UK's Trade Commissioner for South Asia.
The executive said that a proposed Bilateral I...
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India's Purple Economy is estimated to present a total addressable market opportunity of about USD 150 billion across disability-linked products and services, according to a report unveiled on Tuesday.
The report by Deloitte and EnAble India, positions disability inclusion as a national economic growth age...
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The India-UK Comprehensive Economic and Trade Agreement (CETA) comes into force today, giving nearly all Indian exports duty-free access to Britain. As part of the deal, India will also lower import duties on a range of British goods over a phased period....
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India's capital account surplus is expected to rise to around USD 105 billion, or 2.6 per cent of GDP, in FY27, supported by stronger foreign capital inflows, higher external commercial borrowings (ECBs), fresh FCNR(B) deposits, improved portfolio investments, and resilient foreign direct investment (FDI), ac...
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Uttar Pradesh is set for a major infrastructure push after Union Road Transport and Highways Minister Nitin Gadkari reviewed key highway projects in the state and approved new road works worth Rs 50,000–60,000 crore.
The announcement came after a review meeting with senior officials from the Ministry of Ro...
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To enforce the prohibition of import of goods made with forced labour and avoid 12.5% additional tariffs proposed by the US, India had come out with detailed guidelines to identify such products.
Through a Trade Notice, the Directorate General of Foreign Trade has inserted a paragraph in the Handbook of Pr...
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Growing fiscal pressures have prompted the government to accelerate disinvestment plans and set an internal target to mobilise capital receipts of at least Rs 80,000 crore via this route in the current fiscal year.
According to official sources, the Department of Investment and Public Asset Management (DIP...
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A sharp fall in India’s steel and aluminium exports to the European Union even before carbon border charges kick in has put the spotlight on whether India’s Carbon Credit Trading Scheme can become a credible market signal for industry, rather than a narrow compliance mechanism....
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Crude import costs are rising again, with the Indian basket jumping $8.07 a barrel in ten days, from $68.21 on July 3 to $76.28 on July 13. This could put expected fuel-price cuts on hold and revive pressure on the import bill, oil marketing companies, airlines and fertiliser producers.
Every $10-a-barrel ...
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A group of Republican and Democratic senators in the United States has introduced a revised Russia sanctions bill that reduces the proposed tariff on countries buying Russian energy, including India and China. The new version lowers the earlier proposed tariff of 500% to a maximum of 100% and limits it to the...
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The India-UK Comprehensive Economic and Trade Agreement (CETA) officially came into force on July 15, 2026, along with the Agreement on Social Security, also known as the Double Contribution Convention. The two agreements mark the beginning of one of India’s biggest trade deals and the United Kingdom’s larges...
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Gulf producers are racing to build pipelines and ports that let oil leave the region without passing through the Strait of Hormuz.
Goldman Sachs analysts, led by Alexandra Paulus, tracked seven such pipeline and export-infrastructure projects across the Gulf that are under construction, planned or consider...
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MARKET & FINANCE
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GIFT City is fast emerging as the default route for Indian companies borrowing capital from abroad, a trend that regulators expect will deepen in the coming years. In an interview to Moneycontrol, R Rajaraman, chairperson of the International Financial Services Centres Authority (IFSCA), the regulator for GIF...
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Technology's weight in mutual fund portfolios slipped to 5.9% in June 2026, down 70 basis points month-on-month and 240 basis points year-on-year, according to the latest Fund Folio: Indian Mutual Fund Tracker by Motilal Oswal Financial Services.
This reduction in exposure by mutual funds raises an importa...
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The Reserve Bank of India’s (RBI) dollar mobilisation measures announced in the June monetary policy have attracted inflows of $10-11 billion so far, according to sources.
The response from banks to raise foreign currency funds through the FCNR(B), external commercial borrowing (ECB) and overseas foreign c...
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GLOBAL CORPORATE
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A $69 billion wipeout and worst fall in nearly 40 years - IBM's share price on Tuesday crashed 26% in trade in a sign of how the technology sector is rebalancing with the growth of artificial intelligence. Shares of IBM plunged 25% on Tuesday, with the company seeing a steeper one-day decline than it experien...
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Japanese manufacturers' sentiment remained relatively upbeat in July, supported by solid semiconductor demand, while confidence among non-manufacturers fell as the Middle East conflict, a weak yen and rising interest rates pushed up costs, the latest Reuters Tankan survey showed.
The monthly poll, a leadin...
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DBS Group aims to grow assets under management in its wealth business to more than S$1 trillion ($774 billion) by 2030, its unit's head said, as Singapore's biggest bank bets on rising Asian wealth and inflows into regional financial hubs.
The target spans the lender's retail and wealth segments and marks ...
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Intel has decided to use a high-end machine from ASML to manufacture some of its flagship Panther Lake laptop chips, ASML said on Tuesday, a move that will help the chipmaker learn to use the tool more effectively.
Following experiments that began in 2024, Intel has begun to use ASML's next-generation high...
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China has an increasingly important buffer against oil price shocks: electric taxis.
Across Chinese cities, taxi usage and ridesharing are booming. In May, people took 3.05 billion trips, with government data showing trips have grown 6% since the Iran war began at the end of February, versus March to May l...
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US President Donald Trump on Tuesday announced the replacement of the proposed 20% Washington reimbursement fee linked to shipping through the Strait of Hormuz with trade and investment agreements from Gulf countries, saying the move follows "highly productive conversations" with leaders in the Middle East.
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RBI
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The Reserve Bank of India (RBI) proposed today that while AMCs, insurance companies and pension funds will be required to get an approval from RBI for initial acquisition of major shareholdings, all subsequent stake purchases could be made with a one-time approval. Once received, this approval will be valid u...
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Banking
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Public sector banks earned higher commissions from selling insurance products in FY26, with most lenders reporting growth through this activity.
However, income from mutual fund distributions was mixed, with some banks reporting higher earnings while others saw declines.
An analysis of annual reports of...
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Indian companies' proposals to raise money from foreign sources under the external commercial borrowings (ECB) route witnessed a month-on-month jump of 25.8 per cent in May at USD 4.74 billion, the Reserve Bank said on Tuesday.
In April, total ECB filings were down by 30.69 per cent month-on-month.
Acco...
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The foreign currency non-resident (bank), or FCNR(B), deposit scheme, launched to support the rupee and bridge the balance of payments deficit, is also expected to ease banks’ funding pressures amid sluggish deposit growth. Many lenders have, therefore, aggressively priced these deposits, with some offering r...
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The Reserve Bank of India (RBI) on Tuesday overhauled the framework governing matters to be placed before bank boards, replacing the existing seven-theme structure with a principle-based approach aimed at allowing directors to spend more time on strategic priorities and risk oversight.
The revised directio...
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GLOBAL ECONOMY
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China's economy lost pace in the April-June quarter, despite rising exports as weak domestic demand and investment dragged growth to its slowest pace in more than three years. Official data released on Wednesday showed that the ec...
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China's economy likely cooled in the second quarter, with growth drifting toward the lower end of Beijing's annual target as an entrenched demand slump overshadowed resilient exports, though any fresh stimulus measures are expecte...
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Spain's European Union-harmonised 12-month inflation rate rose to 3.6% in June, unchanged from the period through May, final data released by the National Statistics Institute (INE) showed on Wednesday....
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China's export engine is on track to post another trillion-dollar-plus trade surplus this year, shrugging offtariff tensions and an energy squeeze, while turning a spotlight on a still undervalued yuan....
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The Bureau of Labor Statistics has released the US Consumer Price Index (CPI) data for June, providing insight into how inflationary pressures have spread across food, shelter, and other sectors of the economy. ...
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INDIAN CORPORATE
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Union Bank of India on Wednesday reported a 29.5% rise in net profit for the June quarter to Rs 5,332 crore, helped by higher net interest income, growth in fee income and lower provisions despite a modest rise in credit costs.
N...
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Google is racing to position India as a proving ground for the next phase of artificial intelligence (AI), unveiling a slate of security protocols, on-premise computing options and education programmes on Tuesday.
The aim is...
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State-run BSNL has provisionally posted around a 10 per cent increase in revenue from operations in the first quarter of fiscal year 2026-27, Union Telecom Minister Jyotiraditya Scindia said on Monday.
While speaking to the med...
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Specialty coffee chain operator Blue Tokai is aiming to more than triple its store count over the next four years, as the Starbucks' biggest India rival doubles down on India's fast-growing premium coffee market, Bloomberg News re...
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The Tata Group has applied for approval to invest 100 billion rupees (around $1 billion) in a shipbuilding venture in Kerala, state's chief minister said in an interview to Bloomberg.
Kerala Chief Minister V.D. Satheesan said i...
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Anil Agarwal-led Vedanta Group has announced its ambitious plans as the conglomerate aims to expand its metal production and ramp up exploration across its mineral blocks. Speaking at the company’s AGM, Agarwal said that over the ...
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India’s electric car market is on the rise, but the world’s most recognisable EV maker is struggling to ride the wave. A year since its much-awaited India debut, the Elon Musk-led Tesla has registered just 486 cars in the country,...
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Vedanta on Tuesday outlined an ambitious expansion roadmap for its newly demerged businesses, targeting higher production across aluminium, zinc, copper, steel, oil and gas and power. Chairman Anil Agarwal said the group’s next ph...
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The Tata Group, Infosys, LIC, HDFC Group and Reliance Group retained their positions as India’s five most valuable brands in that order, according to a report by Brand Finance released today. The report notes that nine of the top ...
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GST
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Online gaming companies have filed review petitions in the Supreme Court against its May 27 judgment, which upheld the constitutional validity of the 28 per cent goods and services tax (GST) on the sector and sustained retrospective tax demands exceeding Rs.1.5 trillion.
According to the Supreme Court webs...
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SEBI
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Market regulator Securities and Exchange Board of India (SEBI) is considering a comprehensive overhaul of the equity derivatives margin framework to encourage market participants to use longer-tenured index derivatives for hedging...
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Insolvency
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The National Company Law Tribunal (NCLT) approved a record number of corporate insolvency resolution plans (CIRPs) in the first quarter of FY27, even as it continued to grapple with a shortage of members and a large pipeline of pe...
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