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INDIAN ECONOMY
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The Indian economy is expected to have grown 7.4% in the December quarter from the year before, with estimates ranging from 7% to 8.7%, according to an ET poll. Festive season demand, aided by goods and services tax (GST) rationalisation, supported activity. Economists caution that the estimates could be revi...
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The European Union's Carbon Border Adjustment Mechanism (CBAM) will not see any exceptions despite the concluded India-EU Free Trade Agreement (FTA), but both sides have committed to technical discussions to find the best way forward, a senior German environment ministry official said here.
Jochen Flasbart...
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Prime Minister Narendra Modi has invited Israeli technology companies to invest in India and partner with Indian youth as he visited an exhibition here showcasing pioneering innovations in areas such as artificial intelligence, healthcare, and agriculture.
Modi was accompanied by Israeli Prime Minister Ben...
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Chief executives and leaders across consumer sectors say they have "given up on forecasting and planning long-term strategies" amid fluctuating currencies, unclear decisions on free trade agreements, geopolitical uncertainties and supply disruptions.
"High levels of volatility in terms of commodity prices,...
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Several infrastructure projects worth above Rs 150 crore each registered a cumulative cost overrun of Rs 5.52 lakh crore, according to a monthly government report for January 2026.
The latest 'Flash Report on Central Sector Infrastructure Projects' showed that the revised cost of all 1,702 projects, each v...
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India has concluded nine free trade agreements (FTAs), covering 38 nations, enabling the country's shipments to get preferential access to nearly two-thirds of global markets, Commerce and Industry Minister Piyush Goyal said on Wednesday.
Addressing the EY Entrepreneur Of The Year Awards ceremony here, Goy...
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India records nearly 5 lakh accidents and another 1.80 lakh fatalities annually due to road accidents, Union minister Nitin Gadkari said on Thursday, stressing that changing public behaviour and enforcing traffic laws remain the country’s biggest challenges in improving road safety.
Speaking at the 3rd Nat...
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In the new gross domestic product (GDP) series with 2022-23 as the base year, the Ministry of Statistics and Programme Implementation (MoSPI) will enhance the use of goods and services tax (GST) data to improve the accuracy of national and state-level economic estimates. While the previous 2011-12 series inco...
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India is set to release its Q3 GDP data, the first in the new series with the base year 2022-2023. Earlier the government was following 2011-12 as the base year. All eyes are on whether the quarterly growth numbers can match last quarter’s 8% plus reading. The debut of the new series and impact of the revised...
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MARKET & FINANCE
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The Indian central bank's additional liquidity support to lenders, which has pushed overnight rates towards the floor of the policy rate corridor in a bid to ease money market stress and improve transmission, is unlikely to extend beyond March, according to bankers.
Market participants say the liquidity pu...
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The Indian equity market has continued to lag global peers so far this year. The Nifty is down about 3% year-to-date in dollar terms. Nomura, however, believes the risk-reward for Indian equities remains favourable. On the earnings front, the brokerage sees low risk to near-term profit expectations, even afte...
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The Gujarat International Finance Tec or GIFT City is fast becoming the main destination for companies planning to issue environmental, social, and governance (ESG) securities. This is primarily due to tax efficiencies and a stronger investor base.The share of ESG securities in total debt issuances in Gift Ci...
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Growing stress in the mid-sized corporate segment is driving a fresh wave of non-performing asset (NPA) sales to asset reconstruction companies (ARCs), marking a shift from lumpy, large-ticket resolutions that dominated last year.
Industry data show a steady acceleration in dues being acquired by ARCs this...
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GLOBAL CORPORATE
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BMW and the European Commission are in talks about a possible minimum pricing model that could replace EU tariffs on the German carmaker's Chinese-made Mini electric vehicles, Germany's Handelsblatt business daily reported on Tuesday.
This follows an agreement struck between Brussels and Volkswagen earlier...
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FedEx should explain how it will pass along any tariff rebates to consumers, U.S. Treasury Secretary Scott Bessent said after the global shipping company sued for a refund of emergency import duties ruled illegal by the U.S. Supreme Court.
Bessent, in an interview with NBC News late on Tuesday, also questi...
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Zoom Communications forecast quarterly profit below Wall Street estimates on Wednesday, signaling intense competition and a cautious spending environment could weigh on its earnings.
Shares of the company were down nearly 3% in extended trading.
Zoom is increasingly squeezed by rivals such as Microsoft'...
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Suppliers to U.S. aerospace and semiconductor firms face worsening rare earth shortages, with two turning away some clients, industry insiders said, weeks before U.S. President Donald Trump is expected to meet his Chinese counterpart Xi Jinping for a summit in Beijing.
The shortages center on rare earths s...
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Russian and Iranian oil producers are offering deepening discounts as they compete for the same limited group of Chinese buyers after India retreated from purchases.
India’s imports from Russia could drop by 40% from January levels to around 600,000 barrels a day, according to a scenario from Rystad Energy...
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The sanctions against 30 people, companies and ships come as President Donald Trump has massed the largest US buildup of warships and aircraft in the region in decades and has threatened to use military action in a bid to get Iran to constrain its nuclear program.
The latest round of talks between US offic...
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The U.S. Treasury Department said on Wednesday it would authorize companies seeking licenses to resell Venezuelan oil to Cuba, according to guidance posted on the department's website, a move that could help ease the island's acute fuel scarcity.
Since Washington took control of Venezuela's oil exports in ...
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The IMF on Wednesday called on the United States to work with trading partners and find ways to mutually ease trade curbs, as it issued a review of the world's biggest economy.
The International Monetary Fund's findings covered the first year of Donald Trump's second presidency, in which he unleashed wide-...
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Suppliers to U.S. aerospace and semiconductor firms face worsening rare earth shortages, with two turning away some clients, industry insiders said, weeks before U.S. President Donald Trump is expected to meet his Chinese counterpart Xi Jinping for a summit in Beijing.
The shortages center on rare earths s...
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The U.S. tariff rate for some countries will rise to 15% or higher from the newly imposed 10%, U.S. Trade Representative Jamieson Greer said on Wednesday, without naming any specific trading partners or giving further details. Greer told Fox Business Network's "Mornings with Maria" program that the Trump admi...
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Banking
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Private banks and non-banking financial companies-microfinance institutions (NBFC-MFIs) have expanded their respective cumulative microfinance portfolios in January compared with December, as the sector lending to the bottom of the pyramid appears to have begun a phase of consolidation after an eight-quarter ...
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The Department of Financial Services (DFS) will meet today to discuss the Reserve Bank of India’s (RBI) recommendations on the Non-Banking Financial Companies (NBFCs) sector. A key item on the agenda is the introduction of a comprehensive reform index for NBFCs.
In its annual report for FY24-25, the RBI me...
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Around 5,000 customers of Yes Bank’s multi-currency prepaid forex card, issued in partnership with BookMyForex, were hit by a spate of fraudulent transactions in early hours of Monday, and transactions worth $280,000 were approved during the incident, the bank said on Wednesday.
The bank’s fraud-monitoring...
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GLOBAL ECONOMY
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Brazil's central government started the year with a smaller-than-expected primary surplus as spending outpaced revenue growth, Treasury data showed on Wednesday.
The government posted a primary surplus of 86.9 billion reais ($1...
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South Korea's central bank has decided to expand its forward guidance on monetary policy by providing the views of its seven board members on a quarterly basis with 21 dots in the six-month term, mirroring the U.S. Federal Reserve...
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South Korea's central bank stood pat on interest rates on Thursday and signalled policy would stay unchanged for the next six months as a chip boom in exports and steady inflation allow policymakers more time to assess financial s...
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The International Monetary Fund on Wednesday called on the United States to reduce its growing fiscal deficit as the best way to bring down current account and trade deficits that it views as too large, sharing some concerns with ...
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Global debt climbed to a record $348 trillion at the end of 2025, after nearly $29 trillion was added over the year in the fastest yearly build-up since the pandemic surge, a banking trade group reported on Wednesday.
The incre...
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INDIAN CORPORATE
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Telecom Minister Jyotiraditya Scindia on Wednesday reiterated that Starlink, led by Elon Musk, must fulfil all security clearance requirements before starting services in the country.
Responding to a question about the Iran inc...
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R Doraiswamy, managing director and chief executive officer of Life Insurance Corporation of India (LIC), says policy sales have gathered momentum after the goods and services tax (GST) rationalisation on individual life insurance...
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Apple Inc. is in discussions with key Indian banks and global card networks in preparation to start Apple Pay in the world’s most populous country.
The iPhone maker is in talks with ICICI Bank Ltd., HDFC Bank Ltd. and Axis Bank...
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As India's telecom wars extend from SIM cards to financial services, Bharti Airtel has made its most consequential move yet by announcing plans to capitalise its newly RBI-licensed non-banking financial company, Airtel Money Limit...
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Solar module manufacturer Vikram Solar has secured an order to supply 378 MW of modules to NTPC Green Energy. In an exchange filing, the company said that it will supply N-TOPCon modules to the renewable energy arm of NTPC, with d...
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INDIRECT TAX
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The Central Board of Indirect Taxes and Customs (CBIC) will on Thursday launch single-window platform SWIFT 2.0, release the Digital Travellers Guide; and the revamped Atithi app.
The finance ministry, in a statement, said that...
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The Supreme Court Wednesday held that Hamdard (Wakf) Laboratories' 'sharbat rooh afza' was classifiable under the fruit drink or processed fruit product category under the Uttar Pradesh Value Added Tax Act, qualifying for a lower ...
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