INDIAN ECONOMY
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Russia has increased fertiliser supplies to India, with shipments reaching 2.8 million tonnes in the first six months of this year amid assurances from President Vladimir Putin to Prime Minister Narendra Modi on continued supplies, Russian Fertilizer Producers Association president Andrey Guryev said.
"At ...
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The mining sector could contribute USD half a trillion to the Indian economy over the next 20 years and create three crore jobs, Maharashtra Chief Minister Devendra Fadnavis said on Friday.
He was addressing a gathering at the 36th National Convention of Mining Engineers and National Seminar on 'Mining fo...
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The India-EU free trade agreement will allow European Union carmakers to export up to 1 lakh passenger vehicles a year to India initially at concessional import duties, with the quota rising gradually to 1.6 lakh vehicles from the 10th year, according to the draft text of the pact released on Friday.
The t...
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India and Russia are working on a mechanism to use digital currencies for bilateral trade settlements, potentially opening a new route for faster and more efficient cross-border payments as the two countries seek to expand trade.
Herman Gref, chief executive officer of Russia’s biggest lender Sberbank, sai...
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India is moving from an emerging-market opportunity to a global growth priority for consumer multinationals, as China slows and mature markets offer limited room for expansion.
At the Barclays Global Consumer Staples Conference in Boston this week, top executives from nearly a dozen companies including Monde...
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Prime Minister Narendra Modi and Russian President Vladimir Putin on Friday reviewed bilateral ties, focusing on expanding economic and industrial cooperation amid geopolitical disruptions and growing trade and energy linkages. The two leaders met on the sidelines of the 18th BRICS Summit in New Delhi, their ...
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Odisha has proposed investment projects worth Rs 2.105 lakh crore during an investor outreach event in Abu Dhabi, considered one of the state’s largest overseas investment drives to date.
Chief Minister Mohan Charan Majhi led the delegation, pitching 14 mega projects to UAE’s International Holding Company ...
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Global trade can advance only if navigation in international waters is free and seafarers are safe, Prime Minister Narendra Modi said on Friday. The statement comes in the wake of the prolonged –and often severe — disruptions in the Strait of Hormuz amid the US-Iran conflict, and the escalation it caused to g...
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Commerce and Industry Minister Piyush Goyal on Friday called upon the BRICS countries to link their payment systems, expand trade in national currencies and open markets to each other, as the grouping seeks to build more resilient supply chains amid growing trade and geopolitical uncertainties.
Addressing ...
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India’s three state-run oil marketing companies (OMCs) face a renewed squeeze on fuel marketing margins, LPG under-recoveries and working capital as crude prices remain above $100 a barrel, even after a sharp pullback on Friday.
Brent crude futures fell $3.28, or 3.05%, to $104.35 a barrel at 1309 GMT on F...
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MARKET & FINANCE
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Walk into almost any shop in India today, a kirana store, a pharmacy, a roadside food cart and you'll see the same thing.
A small QR code taped near the counter, and a shopkeeper who barely looks up when you scan it. Nobody asks "cash or card" anymore.
That everyday habit, repeated billions of times a month...
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The mutual fund SIP stoppage ratio eased for the fourth consecutive month in August to 81.05% against a stoppage ratio of over 81.87% in July. The stoppage ratio in August 2025 was recorded at 74.51%.
The latest data shows that new mutual fund SIP registrations outnumbered SIPs that were either stopped or ...
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Yields on benchmark government bonds rose five basis points Friday to cross the 7% mark for the first time in more than two months, while the Reserve Bank of India (RBI) decided to accept less than half the notified amount in the three-year bond auction.
Bidders likely sought more than what the central ban...
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The Reserve Bank of India has enough tools at its disposal to absorb the surge in banking-system liquidity following the record inflows under its foreign-currency deposit scheme, Governor Sanjay Malhotra said on Friday, signalling that the central bank is prepared to deploy a combination of measures if requir...
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The Reserve Bank of India on Friday announced sale government securities worth Rs 1 lakh crore through open market operations amid a surge in liquidity following the mobilisation of FCNR(B) deposits.
It will be conducted in three tranches of Rs 50,000 crore, Rs 25,000 crore and Rs 25,000 crore on September...
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India’s foreign exchange reserves surged by a record $44.90 billion in a single week to hit a fresh lifetime high of $785.71 billion, Reserve Bank of India data showed on Friday, extending a sharp recovery in the country’s external buffers following large foreign currency inflows in recent months.
The rese...
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GLOBAL CORPORATE
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Iran has been using a barter-like system to trade its oil for goods from China, allowing Tehran to bypass conventional international banking channels and keep billions of dollars in trade flowing despite US sanctions, according to Reuters.
Under the arrangement, Iranian oil proceeds are converted into credit...
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The US and Canada are embroiled in a tariff war, and it may "will come at a cost" for Ottawa as the Canadian PM Mark Carney had warned. But the fight is proving a win for at rather unusual sectors: from the ice-cream counter and gift shops to wineries and even defence manufacturing.
As American goods face fr...
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Anthropic is planning what could be the biggest IPO in history, with the artificial intelligence giant looking to raise as much as $100 billion at a valuation of around $2 trillion. Nvidia is in talks to become a major early investor in the offering, according to two people familiar with the matter cited by R...
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The number of corporate insolvencies in Germany rose to a 13-year high in the first half of 2026 despite signs of a nascent recovery in Europe's largest economy, figures from the federal statistics office showed on Friday.
Local courts reported 12,812 corporate insolvency filings from January to June, an ...
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BRICS is emerging as an increasingly important force in global energy markets, bringing together some of the world's largest oil producers and consumers under one grouping. As its leaders gather in New Delhi on September 12 and 13, energy security, the West Asia conflict, and trade are likely to feature promi...
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Prime Minister Narendra Modi and Russian President Vladimir Putin met in New Delhi on Friday on the sidelines of the 18th BRICS Summit. Speaking at the BRICS Business Forum after his meeting with Putin, PM Modi explained India’s growing role in the global economy. He said India is growing despite global insta...
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Banking
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Bank deposits grew 17.8% year-on-year at the end of August, marking a new high in a decade, as inflows into foreign currency non-resident (bank), or FCNR(B), deposits offset challenges in local deposit mobilisation.
Credit growth stood at 19.1% year-on-year, compared with 19.4% at the end of July, according ...
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India’s fintech push built around digital public infrastructure (DPI) has solved many of its big problems over the past decade, but much of what comes next will be built by new companies because banks cannot address every customer need, Sachin Bansal, founder and executive chairman of Navi Group and co-founde...
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The payments bank industry has sought greater flexibility in pricing certain services to offset the rise in operating costs, Jio Payments Bank Managing Director and CEO Vinod Easwaran said.
“Some of the pricing and our margins have remained constant,” Easwaran said in an interaction with FE at the Global F...
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Artificial intelligence could help banks reduce their cost-to-serve by 20-30% as lenders increasingly deploy the technology across underwriting, collections and customer servicing, Tirtha Chatterjee, partner, Boston Consulting Group (BCG), said in an interaction.
“Cost-to-serve, we have estimated, it can c...
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GLOBAL ECONOMY
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Britain's economy grew at the fastest annual pace in 18 months in July, helped by a boost from artificial intelligence and extending a strong first-half performance despite headwinds from the U.S.-Iran war, official figures showed...
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Emmanuel Moulin, France's central bank chief, said on Friday that France was not in catastrophic economic danger but the government must act to reduce the country's public deficit....
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Austria's central bank has trimmed its economic growth forecast for the country in 2026 due to a weaker-than-expected first six months of the year, but raised it for next year as the outlook is improving, it said on Friday....
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The U.S. federal budget deficit for August shrank to $167 billion due to smaller outlays including for ongoing refunds on illegally collected tariffs, a rare drop in interest payments and some calendar shifts in benefit payments, ...
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Global bond markets are flashing a warning sign. Government bonds across major economies are under sustained selling pressure, and yields have climbed to levels not seen in decades. From Japan and Germany to Italy, the UK, and Aus...
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Russia and Iran on Friday called for strengthening BRICS financial and trade mechanisms, including an expanded role for the New Development Bank (NDB), greater use of local currencies and new instruments to mobilise private capita...
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INDIAN CORPORATE
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Coal India arm Northern Coalfields Ltd has increased coal production as monsoon rains ease, with daily output increasing by 67 per cent to 0.30 million tonnes (MT) and supplies up 75 per cent to 0.35 MT on September 8, the company...
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Russia is partnering with private sector firm Adani Defence & Aerospace for major defence deals in India, while deepening collaboration with state-run manufacturers such as Hindustan Aeronautics Ltd (HAL) and Bharat Dynamics Ltd (...
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Shapoor Mistry, chairman of Shapoorji Pallonji (SP) Group, has sought around Rs 25,000 crore from Tata Sons over the next 24 months for part of the stake held in the principal holding company of Tata group, people familiar with t...
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SAP is building its India cloud strategy around data, infrastructure and operational sovereignty as the enterprise software company expands its presence in sensitive sectors including defence, railways and public finance, accordin...
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Insolvency
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Legacy stressed assets are dragging down recoveries under the insolvency and bankruptcy code (IBC) as companies that were already defunct or under rehabilitation before entering insolvency have recorded much lower recoveries, acco...
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