INDIAN ECONOMY
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Canada is leading its largest trade delegation to India in more than 30 years, with nearly 300 business delegates set to explore partnerships across key sectors as both countries advance negotiations on a Comprehensive Economic Partnership Agreement (CEPA), Canadian International Trade Minister Maninder Sidhu...
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Union Commerce and Industry Minister Piyush Goyal on Tuesday said the PM GatiShakti National Master Plan would continue to support multimodal connectivity, faster infrastructure development and greater logistics efficiency as the initiative completed five years.
In a social media post marking the fifth ann...
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As India and Chile inch toward upgrading their existing Preferential Trade Agreement (PTA) into a more comprehensive trade pact, the negotiations have unfolded quietly, far from the buzz that accompanies India’s deal with the European Union (EU) or the US. The trade negotiations for the Comprehensive Economic...
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A more protectionist US could prove an unexpected tailwind for India’s economy. As countries redraw supply chains around trusted partners and seek preferential market access, New Delhi has ended years of caution and is rapidly expanding its free-trade network.
Using a large-scale model of the global econom...
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India is looking to strengthen the Andaman and Nicobar Islands' role as a maritime and economic gateway to the Indo-Pacific, with a focus on securing shipping routes, expanding port connectivity and building resilient supply chains amid disruptions to global trade.
The push was outlined at a curtain-raiser...
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With Goods and Services Tax (GST) process reforms announced on Thursday, completing the GST 2.0 reform agenda, revenue growth is expected to increasingly bank on an expanding tax base and improved compliance rather than tax rates, a senior official said on Monday.
“The focus should be on expanding the base...
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India’s retail inflation, as measured by the Consumer Price Index (CPI), rose to a 23-month high of 5.54% in September primarily driven by higher food prices, data released by the statistics ministry on Monday showed. The spike was largely on expected lines, yet analysts said it increased expectations of more...
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Over 49,800 farmer producer organisations (FPOs) have been registered under various provisions of company and cooperative laws, according to the State of the FPO Sector report released on Monday.
The report, prepared by the National Association for Farmer Producer Organisations (NAFPO) in collaboration wit...
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Food inflation as measured by the revised consumer food price index moved sharply upwards to touch 7.74% in September, primarily because onion, ginger, garlic, sugar, chicken, and edible oils became far costlier.
Sequentially, the all-India Consumer Food Price Index (CFPI) rose by 1.44% last month from the...
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In its latest monetary policy review concluded this week, the Reserve Bank of India (RBI) raised its forecast for India’s GDP (Gross Domestic Product) growth rate for the current financial year by 40 basis points to 7. I %. In other words, RBI now expects the size of India’s economy to be 7.1% more by the end...
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The International Monetary Fund (IMF) on Tuesday raised its forecast for India’s GDP growth in the current financial year by 60 basis points to 7.0%, becoming the latest major global organization to upgrade the view on India’s economy.
Since last month, several global organisations such as the Asian Develo...
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The Indian rupee strengthened to 95.16 per dollar in early trade, gaining nearly 0.7% from its previous close. The rupee is maintaining its gains after clocking the biggest single-day advance in six months following RBI measures aimed at curbing demand for the dollar.
RBI intervention in the market
Accord...
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MARKET & FINANCE
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In a relief to UPI users, the proposed levy of a Merchant Discount Rate (MDR) of 0.4 per cent on transactions above Rs 2,000 has been deferred, with the National Payments Corporation of India (NPCI) saying on Tuesday that a new implementation date would be announced after Diwali.
According to an NPCI circu...
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Indian government bonds moved higher in early deals on Tuesday as value investors took the reins, after a near one-way upmove in yields in recent sessions, even as investors await heavy debt supply later in the day.
The benchmark 6.94% 2036 bond yield was at 7.3723% as of 10:15 a.m. IST, after ending at 7....
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Commerce and Industry Minister Piyush Goyal on Monday proposed linking Gujarat’s GIFT City with the City of London to boost cooperation in financial services, including fintech, insurance, cross-border payments and trade finance, under the India-UK free trade agreement.
Speaking at the plenary of the India...
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US Treasury yields could remain high for the rest of the decade as inflation, expected Federal Reserve rate hikes and concerns over the country’s growing debt keep borrowing costs elevated, according to a survey of economists by The Wall Street Journal.
US Treasury yields are trading near multi-decade high...
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GLOBAL CORPORATE
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Counterpoint Research (CR) has just published its report regarding the global smartphone market for the third quarter of the year (July to September). And it was a terrible one. Shipments dropped 20% compared to Q3 2025. The only winners in terms of growing their market shares were Samsung and Apple.
Samsu...
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Artificial intelligence could help offset Asia's shrinking workforce as some countries' populations age, provided its adoption is scaled evenly across the region instead of deepening existing disparities, the International Monetary Fund said on Monday.
Speaking at the launch of an IMF book on challenges an...
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The International Monetary Fund warned on Tuesday against "complacency" in global financial markets, citing risks from an artificial intelligence-driven selloff, rising government bond yields, or cyberattacks as potential threats facing still- resilient markets.
The body cautioned in its latest Global Fina...
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US payments firm Visa has received approval from China's central bank to begin preparations for a domestic bankcard clearing institution in China, it said in a statement on Tuesday....
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Banking
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Banks and foreign exchange market participants have approached the Reserve Bank of India’s (RBI) seeking relaxation of its stringent forex trading restrictions, an extension of the implementation deadline and clarity on operational issues, even as the central bank’s measures helped the rupee stage a sharp rec...
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GLOBAL ECONOMY
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The IMF lowered its forecast for China's economic growth this year to 4.5 percent on Tuesday, as higher energy prices due to the Middle East conflict and a domestic spending slump weigh on activity.
The new projection, publishe...
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Japan's wholesale prices rose 6.8% in the year to September, according to data released on Tuesday, slowing from the previous month but highlighting mounting inflationary pressure that keeps alive market expectations of a near-ter...
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Higher energy prices and a rise in long-term interest rates are likely to weigh on British economic growth next year, the International Monetary Fund warned on Tuesday, even as it revised up its forecast for expansion this year.
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Russia's three-year budget plan is in line with the central bank's July forecast and will allow for a further easing of monetary policy, Deputy Central Bank Governor Alexei Zabotkin said on Monday.
“The announced parameters of...
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South Korea cannot avoid raising its benchmark interest rate in the near future to narrow a widening yield gap with the United States and align with global monetary tightening, President Lee Jae Myung said during a cabinet meeting...
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The ratio of Japanese households expecting prices to rise a year from now hit 88.6% in September, a quarterly Bank of Japan survey showed on Tuesday, down from 90.4% in the previous survey.
The survey also showed 86.5% of respo...
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The global economy will still manage to top 3% real GDP growth this year as strong AI investment offsets the energy shock from the war in the Middle East, but downside risks are mounting and more countries are being left behind an...
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INDIAN CORPORATE
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India's top power producer NTPC is in talks with potential buyers in Japan, South Korea and Germany for green ammonia and other low-carbon fuels, Chairman Gurdeep Singh said on Tuesday.
India has outlined plans to become a majo...
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Kalpataru Projects International (KPIL) has secured new orders worth approximately Rs 2,031 crore in its power transmission and distribution (T&D) business in India and international markets.
Additionally, Linjemontage i Grästo...
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HCLTech reported the highest sequential increase in headcount in since Q2FY23 (growth of 8,359) for the quarter ended September 30. The IT major’s employee base grew 6,450 in the fiscal second quarter.
At the end of the quarter...
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HCLTech on Monday announced a global premier partnership with Anthropic to deepen agentic AI enterprise adoption, with greater focus on safety, cybersecurity and governance. The IT major will also establish a specialised Anthropic...
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GST
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GST officers will soon be allowed to stop vehicles carrying high-value goods for inspection only at their origin and destination states after prior authorisation from a senior officer.
Currently, GST officers can stop vehicles in transit irrespective of jurisdiction and ask for documents....
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With GST rate rationalisation and procedural simplification out of the way, the Centre has offered to help the states in widening the base using data analytics, with changes in the return filing system and invoice matching also likely to plug leakages....
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