INDIAN ECONOMY
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India will host the BRICS summit here on September 12-13, 2026. The country assumed the BRICS Chairship on January 1, 2026, under the theme 'Building for Resilience, Innovation, Cooperation and Sustainability'.
BRICS brings together eleven major emerging and developing economies - Brazil, China, Egypt, Eth...
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NITI Aayog Vice Chairman Ashok Kumar Lahiri on Wednesday said the Indian economy has been doing reasonably well and that Asia's third-largest economy will regain its mojo and return to a current account surplus soon.
Lahiri further said the major challenge the Indian economy faces is the low share of manufac...
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Corrosion is costing India's infrastructure sector an estimated ?1.42 lakh crore every year, but better prevention and protection measures could potentially save up to ?49,580 crore annually, said an industry report.
The CII-NRI Report on the economic impact of corrosion, presented at the CII Annual Infras...
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Exports under free trade agreements (FTAs) are now growing faster than imports, signaling an improvement in the utilisation of trade pacts, according to Union Minister of Commerce and Industry Piyush Goyal.
In a blog post analyzing trade data for April to July of the current financial year, the minister note...
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The United Arab Emirates left the OPEC alliance in May this year, ending a nearly 60 year partnership amid the West Asia conflict. The move had implications beyond crude — aligning instead with the country’s gradual transition to a post-oil economy. Another notable milestone came later that month as the UAE r...
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The United States may design a tariff architecture that will give India preferential market access vis-à-vis its key competitors under a bilateral trade deal (BTA) in the works.
“There is a requirement that any deal has to give you certain kind of preferential access on each other’s part. From the Indian s...
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India’s revised GDP series has brought renewed attention to double deflation, a tool for converting nominal magnitudes into real ones. By separately adjusting output and input values for price changes, it aims to provide a more accurate picture of the underlying real economic growth, writes DK Srivastava
l...
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Retail prices of key agricultural commodities including rice, sugar, mustard oil and onion are ruling at significantly higher levels compared to the previous year, according to the price monitoring cell of the Department of Consumer Affairs.
Rise in prices of these commodities is attributed to declining pr...
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MARKET & FINANCE
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SIP flows rose marginally to Rs 32,297 crore in August, compared with Rs 31,961 crore in July, according to data released by the Association of Mutual Funds in India (AMFI). The August SIP contribution was the highest recorded so far, surpassing the previous high of Rs 32,087 crore recorded in March and Rs 31...
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Foreign fund flows into Indian bonds have reversed after an unprecedented spike three months ago, reflecting the combined impact of persistently high global yields, Bloomberg's move to defer inclusion of local debt on a key gauge, and increasingly shortened odds on a rate hike.
Since August, foreign portfoli...
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PhonePe has received its first international licence from the Central Bank of the UAE and will begin operating locally in the country, Founder and Chief Executive Officer Sameer Nigam said on Wednesday.
“PhonePe is going global,” Nigam said on Wednesday. “We just received our first international licence fr...
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The 10-year US Treasury yield has been trading near its highest level since October 2023, while the latest selloff has pushed 30-year yields to their strongest level since 2007. This is despite the large buyback announced by the US Fed and the impact of this can be seen in markets across the world, including ...
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GLOBAL CORPORATE
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Brazilian oil production and exports have hit record highs this year, largely due to increased demand from China as the US-Iran war continues to reshape global trade and geopolitical relationships.
The change highlights a global race for alternative energy sources as Middle East conflict slows oil from the...
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The trade war between the United States and Canada has entered a new chapter — and it’s getting uglier by the hour.
Early Tuesday morning, Canada made good on its promise to impose tariffs on $20 billion worth of American goods in retaliation for the Canadian goods President Donald Trump began taxing last mo...
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Google announced to invest 13 billion euros (nearly $15.1 billion) in Finland in the next two years, on Monday, its largest investment in Europe.
"This is Google's largest single investment in Europe and a testament to Finland's leadership in responsibly building Al infrastructure," the company said on Wedne...
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Chinese AI chipmakers including Huawei Technologies and Cambricon have sharply raised ?prices ?for current and next-generation AI processors, three people familiar ?with the matter said, as soaring costs for high-bandwidth memory squeeze efforts to build domestic alternatives to Nvidia.
Huawei ?has lifted ...
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The armed conflicts, trade wars, and extreme weather events hammering maritime supply chains are not one-offs, but rather signs of a “structural shift” for global trade, 18 of the most important shipping nations warned on Tuesday.
“Shipping routes are increasingly instruments of leverage and risk,” said the ...
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Saudi Arabia’s Jazan region has become an important pressure point for global oil markets as the Iran war spreads beyond the Strait of Hormuz.
The region sits on Saudi Arabia’s Red Sea coast, close to the Bab el-Mandeb shipping route. The region is critical for Saudi Arabia as the kingdom uses its Red Sea ...
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RBI
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The Reserve Bank of India will add five currency pairs to its retail foreign-exchange platform, expanding access for individuals seeking to transact in major global currencies and broadening the range of forex services available outside traditional bank channels.
“The FX Retail is now set to introduce five a...
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Banking
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The record haul of foreign currency non-resident-bank, or FCNR(B), deposits could temporarily push bank lending above the normal growth trends, Axis Bank chief executive Amitabh Chaudhry said, cautioning that the current 18-19% credit expansion could moderate over the full year as the economy absorbs the surp...
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Personalised banking powered by technology could become mainstream over the next four quarters, as banks increasingly tailor products and services to individual customers, Axis Bank MD & CEO Amitabh Chaudhry said on Wednesday.
Personalised Banking
“Already happening. In the next four quarters, I think it ...
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GLOBAL ECONOMY
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Fitch Ratings will ?scrutinise ?Japan's budget for the next fiscal ?year for clues on whether Prime Minister Sanae Takaichi can balance ?her growth-focused spending agenda with fiscal discipline, a senior analyst said....
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AI's rapid rise is creating new financial ?stability ?risks, Bank for International Settlements head ?Pablo Hernandez de Cos said, with spending on related infrastructure already at a scale ?significant enough to influence global ...
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German ?inflation ?accelerated to ?2.9% ?in ?August, the ?federal statistics office ?said ?on Thursday, ?confirming preliminary ?data.
Germany's ?consumer prices, ?harmonised to ?compare ?with ?other European Union countries, s...
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Nearly two decades ago, Brazil, Russia, India and China (BRIC) set out to give emerging economies a greater voice in global governance. South Africa joined in 2010, turning BRIC into BRICS. The grouping now has 11 full members, sp...
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INDIAN CORPORATE
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Tata Consultancy Services (TCS) has launched India’s first lights-out factory lab at its Sahyadri Park campus in Pune, combining digital twins, robotics and industrial AI to simulate autonomous manufacturing operations.
The TCS...
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French retailer Carrefour is returning to India at a time when the country's retail market is no longer simply a contest between neighbourhood stores and supermarkets. Quick commerce has changed shopping habits in cities, while Re...
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Drug major Sun Pharmaceutical Industries Ltd on Wednesday announced the incorporation of a wholly-owned indirect subsidiary, Sun Pharma Global Treasury Centre IFSC Ltd, in Gujarat's GIFT City.
According to a regulatory filing, th...
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GST
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The Central Board of Indirect Taxes and Customs (CBIC) on Wednesday defended the reported strong growth in goods and services tax (GST) collections in FY27 so far after former finance secretary Subhash Chandra Garg claimed the data is being manipulated to show high mop-up.
In an article on Tuesday, Garg cl...
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