INDIAN ECONOMY
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A weak southwest monsoon could weigh on India's rural economy in the coming months by reducing farm incomes, pushing up inflation and slowing rural demand, according to a report by S&P Global Ratings.
The report said sectors such as agriculture, agrochemicals, tractors, two-wheelers and microfinance are li...
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The Reserve Bank of India (RBI) is likely to keep policy rates unchanged in the near term, but BofA Securities expects a cumulative 50 basis points (bps) rate hike from December 2026 as inflation risks become increasingly driven by domestic factors.
According to the report, macroeconomic risks have shifted...
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The Asian Development Bank (ADB) on Thursday cut India’s GDP growth forecast for FY27 by 30 basis points (bps) to 6.6% from the 6.9% projected in April, citing the impact of rising energy prices on domestic demand, while retaining its FY28 growth estimate at 7.3%.
In its July Asian Development Outlook, the...
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India has emerged as the fastest-growing major economy in intangible investments, with spending on assets such as software, research and development (R&D), intellectual property and organisational capabilities reaching $78.2 billion (around Rs 6.7 lakh crore) in 2023, according to the World Intangible Investm...
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The agreement, announced after Prime Minister Narendra Modi and his Australian counterpart Anthony Albanese held talks in Melbourne, comes nearly 12 years after the two countries signed a civil nuclear cooperation agreement.
Fueling the Baseload
It is significant for India’s energy strategy as nuclear pow...
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MARKET & FINANCE
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Bloomberg has introduced a new electronic trading system that allows global investors to buy and sell Indian govt bonds more easily, marking an important step in opening up India's bond market to the world. The company said it has completed its first fully-electronic trade in Indian govt bonds using this syst...
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Shifting geopolitical alliances are pushing sovereign wealth funds to place greater emphasis on strategic national priorities — from resilient infrastructure to key domestic industries — alongside investment returns, a study released on Friday showed.
The study by Spain-based IE University found sovereign ...
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India's private credit industry has the potential to expand to USD 100 billion by 2050 from the current USD 25-30 billion, National Pension System (NPS) Trust Chairperson Dinesh Kumar Khara said on Thursday.
This growth will be driven by the growing maturity of the ecosystem and expanding domestic capital ...
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Over the past two years, India’s central bank built one of the world’s largest bearish dollar bets to support a persistently weak rupee. It now faces the challenge of unwinding that position without destabilizing the currency market.
With a spate of recent measures expected to attract foreign capital, the ...
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Amid concerns over the impact of the West Asia conflict on corporate earnings, Chirag Setalvad, head–equities at HDFC AMC, says the setback is likely to be short-lived and India remains well placed to deliver healthy earnings growth over the medium to long term. He tells Kushan Shah that while stock selection...
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GLOBAL CORPORATE
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After nine quarters of growth, or at least maintaining stability, global PC shipments have witnessed a significant negative trend in Q2 2026. Research firm International Data Corporation (IDC)’s latest PC shipments data indicates a 4.9% decline, with Apple being the only computing device maker to gain market ...
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Commercial shipping through the Strait of Hormuz has nearly come to a halt after vessels were fired upon and Iran issued new warnings against crossings. This raises the risk of prolonged disruption to global energy supplies.
According to a report in Bloomberg that cited tracking data, no commercial ship cro...
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Micron Technology said on Thursday it plans to invest more than $250 billion in the U.S. through 2035, driven by surging demand for memory chips in the AI era and President Donald Trump's push to bolster domestic chip production.
The new investment plan represents a jump from the $200 billion that Micron a...
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OpenAI showcased a new AI agent on Thursday meant to help white-collar workers access the power of coding tools without the sticker shock.
The agent, called ChatGPT Work, combines OpenAI's popular chatbot with its AI coding tool, Codex, to create documents, presentations and websites, the company said. Th...
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Global demand for electric vehicles rose for a fourth straight month in June, driven by strong growth in Europe as sales weakened in China and North America, data from consultancy Benchmark Mineral Intelligence showed on Friday.
Registrations of battery-electric and plug-in hybrid vehicles climbed 7% from ...
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Japan is seeking to encourage its Government Pension Investment Fund, the world's biggest pension fund, to boost investment in domestic assets, Finance Minister Satsuki Katayama said on Friday.
The fund owned 293.4 trillion yen ($1.8 trillion) in assets at the end of December, so its allocation decisions c...
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SK Hynix's U.S. trading debut on Friday following a $26.5 billion share sale will be a key test of investors' belief in the durability of the AI boom, coming after a recent pullback in semiconductor stocks.
Chip stocks have lost some momentum in recent weeks after a stellar run, partly due to investor conc...
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More liquefied natural gas (LNG) tankers have resumed transiting the Strait of Hormuz in recent days, signalling a cautious return of commercial shipping through one of the world's most critical energy corridors despite renewed hostilities in the Middle East.
Ship-tracking data from Kpler and LSEG showed t...
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Starbucks Corp. is developing in-house tools with the help of artificial intelligence that could replace some software applications it now buys from companies such as Microsoft Corp. and International Business Machines Corp.
The coffee chain is building alternatives to a Microsoft system that tracks invent...
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GLOBAL ECONOMY
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Fresh unemployment claims in the United States fell unexpectedly last week, suggesting employers continue to hold on to workers even as hiring momentum weakens and economic uncertainty persists.
Data released by the US Labour Dep...
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Skyrocketing demand from artificial intelligence data centers is exacerbating shortages of critical grid equipment like transformers across the U.S., driving up costs, stretching out wait times and spurring utilities and developer...
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Kenya's economy is expected to expand 4.3% this year and 4.4% in 2027, the World Bank said on Thursday, with this year's forecast being 0.6 percentage points lower than its November prediction due to the impact of the U.S.-Israeli...
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European Central Bank policymakers gathering last month were presented with projections showing inflation staying above target into next year despite nearly three ECB interest rate hikes, accounts of the meeting showed on Thursday...
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Mexico's annual inflation rate fell in June for the third consecutive month, to its lowest level since December 2020, official data showed on Thursday.
Annual prices in Latin America's second-largest economy slowed more than e...
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French economic growth strengthened in the second quarter as activity increased in June across industry and rebounded in services and construction, the Bank of France said on Thursday, revising its outlook up.
After a weak mont...
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German inflation eased to 2.4% in June, the federal statistics office said on Friday, confirming preliminary data.
Inflation, or the gain in consumer prices harmonised to compare with other European Union countries, had stood a...
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INDIAN CORPORATE
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Nissan Motor Co is open to exploring manufacturing partnerships with automakers beyond Renault in India, signalling strategic flexibility as it looks to expand in one of the world's fastest-growing passenger vehicle markets.
Gu...
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The share price of Tata Steel fell nearly 1% in early trade after the company released its provisional business update on July 8, after market hours. For Q1FY27, Tata Steel India’s crude steel production increased 11% year-on-year...
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India’s fast-moving consumer goods (FMCG) market witnessed an improvement in value growth during the June quarter (Q1FY27), supported by sustained momentum in rural markets, according to Bizom data shared exclusively with FE.
O...
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Tata Consultancy Services (TCS) added 9,279 employees during the June quarter, its highest quarterly headcount addition in more than a year, signalling an improvement in hiring even as the company continues to reshape its workforc...
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Tata Consultancy Services (TCS), on Thursday reported a 2.7% sequential decline in consolidated net profit for the April-June quarter, weighed down by a one-time legal provision, even as the country’s largest IT services company b...
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