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INDIAN ECONOMY
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India's industrial production growth is projected to slow to 6% in September 2026 from 8% in August, as a steep drop in capital goods output and a sharper contraction in mining weigh on the overall index, according to a research report by Union Bank of India....
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Indian Ambassador Vinay Kumar stated that Prime Minister Narendra Modi and Russian President Vladimir Putin have directed their respective governments to deepen bilateral cooperation, as India and Russia seek to boost two-way trade to USD 100 billion by 2030....
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German businesses are increasingly eyeing India as a strategic hub for manufacturing, research and development (R&D), and innovation, moving beyond its traditional role as merely a consumer market, Commerce and Industry Minister Piyush Goyal stated....
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India's micro, small and medium enterprises (MSMEs) remain optimistic about business prospects in the coming quarters despite rising input costs, with business sentiment strongest in the manufacturing sector, according to a survey report by the Small Industries Development Bank of India (SIDBI)....
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AS INVESTORS grapple with a flat stock market trajectory for more than two years now, discussions within the government in the run-up to Budget 2027-28 include lowering the long-term capital gains tax from 12.5% now for both domestic and foreign investors, and letting foreign investors pay this tax on capital...
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Ignorance to Inquisitiveness to Dismay
Having started Quantum Advisors in 1990 as India’s first institutional research house aimed at encouraging Foreign Portfolio Investors to allocate capital to India, I can state with confidence that, in 36 years of interaction with FPIs, we have never seen such dismay an...
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MARKET & FINANCE
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Indian government bond yields rose for the tenth straight week, logging the worst losing streak in three decades, as elevated crude oil prices and rising global yields affected sentiment.
The yield on the benchmark 10-year government bond settled at 7.47 per cent against the previous close of 7.46 per c...
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Foreign investors have withdrawn Rs 48,056 crore from Indian equities in October so far, amid elevated crude oil prices, escalating Middle East tensions, concerns over inflation and weak corporate earnings.
However, Foreign Portfolio Investors (FPIs) significantly moderated their selling last week and turn...
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US Treasury yields fell sharply on Thursday as investors moved towards safer investments amid a steep sell-off in stocks. Concerns over heavy spending on artificial intelligence (AI) infrastructure, rising oil prices and growing tensions in the Middle East pushed investors towards government bonds.
The yie...
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GLOBAL CORPORATE
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US President Donald Trump announced on Saturday that German automaker Audi planned to invest $4.2 billion to build its first factory in the United States, 10 days before midterm elections.
Audi confirmed the investment in a release, saying the plant would create about 4,500 jobs....
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With oil prices edging towards $120 a barrel and winte adding to concerns over fuel supplies, the global energy crisis could outlast the Iran war itself.
International Energy Agency (IEA) executive director Fatih Birol has warned that energy markets are unlikely to return to their pre-war conditions in 2027,...
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Banking
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A study by RBI has found that interest rates adjust upward more completely during a tightening phase than they do downward during an easing phase.
According to the study, published in RBI Bulletin, banks passed on 76.4% of the repo rate increase through contract repricing, with lending rates rising by 191 ...
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Private sector banks reported healthy profit growth in the September quarter, driven by higher net interest income (NII), robust credit expansion and improving asset quality. However, net interest margins (NIMs) remained under pressure at several lenders, while a surge in foreign currency non-resident (FCNR-B...
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GLOBAL ECONOMY
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The US Federal Reserve is widely expected to keep interest rates unchanged at its meeting next week, despite persistent inflation and market expectations of at least one more rate hike before the end of the year, according to anal...
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France is facing mounting pressure on two fronts:
growing public anger over the cost of living and an economy struggling with high debt, taxes and weak growth. Student protests that began with school blockades have spread, turnin...
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British finance minister John Healey is expected to announce £20.4 billion ($27.3 billion) of additional support to the state's business lender and infrastructure bank in his budget on Wednesday, the Treasury said, confirming a ne...
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INDIAN CORPORATE
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Adani Wind, the wind energy arm of Adani New Industries Ltd, has secured orders for 696.2 megawatts (MW) of wind turbines from five power producers, taking its order book from customers outside the Adani Group beyond 1 gigawatt (G...
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Kotak Mahindra Bank reported a 26% year-on-year increase in consolidated net profit to Rs 5,645 crore for the quarter ending September 30, compared with Rs 4,445.94 crore in the corresponding period last year.
The private secto...
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Biocon has signed a licence agreement with Janssen Sciences Ireland to commercialise Yesintek, its proposed biosimilar to Stelara, in nine additional markets. The company announced the deal in a statement to the exchanges.
The...
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KEC International has secured orders worth Rs 2,872 crore from Power Grid Corporation of India (PGCIL) for 765 kV transmission lines. The company said the orders include the largest ever for its India transmission and distribution...
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GST
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GST paid on cancelled airline tickets can be claimed as a refund if the airline has returned both the fare and GST to the passengers and has supporting documents to prove it, a GST Appellate Tribunal (GSTAT) has ruled....
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