INDIAN ECONOMY
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The central government's fiscal deficit is likely to exceed the budget estimate by Rs 1.2 lakh crore in 2026-27, largely due to structural factors such as an increase in fertiliser, LPG and petroleum subsidy expenditure and the new GDP base impact, according to a report....
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The government could abolish long-term capital gains (LTCG) tax across investor categories without significantly disrupting its fiscal consolidation plans, as the revenue loss may be limited to Rs 40,000-50,000 crore in FY28, according to a report by SBI Research.
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By the end of the century, India will have twice China’s population and become the world’s largest economy, renowned economist Jeffrey D Sachs said.
Speaking at the World Symposium on "Ancient Wisdom for Modern Challenges" in Varanasi, Sachs said the world had entered a multipolar era in which civilisation...
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Finance Minister Nirmala Sitharaman on Monday urged Indians to shed cynicism and speak more confidently about the economy, saying the country’s resilient growth, strong fundamentals, robust GST collections and stable leadership under Prime Minister Narendra Modi warranted greater optimism despite global chall...
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MARKET & FINANCE
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China's yuan weakened on Tuesday and was on track for its biggest one-day decline against the US dollar in six months after the country's central bank announced a move to tighten foreign exchange liquidity, signalling concerns over the currency's rapid appreciation....
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Institutional investors are increasing allocations to private credit funds, with insurance companies, pension funds and development finance institutions emerging as key contributors to new fundraising....
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GLOBAL CORPORATE
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Walt Disney is eyeing thousands of job cuts and is asking some managers to target 20% in annual cost savings, Bloomberg News reported on Monday, citing people familiar with the matter.
Reuters could not immediately verify the report....
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Pakistan has suffered an estimated USD 40 billion in economic losses since trade with India was suspended in 2019 following the Pulwama terror attack and subsequent escalations, the head of a business advocacy group said Monday.
Chairman of the Pak-India Business Council Noor Muhammad Qasuri also urged the...
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Microsoft is turning to debt markets to raise $25 billion as its artificial intelligence (AI) ambitions push up infrastructure costs, just days after offering voluntary exit packages to around 60,000 employees across India, the US, Canada and the UK. The timing of the two moves has drawn attention as the tech...
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Anthropic’s revenue rose sharply in the third quarter, its net loss narrowed from the previous quarter, according to an amended filing with the US Securities and Exchange Commission (SEC) on Monday. The artificial intelligence (AI) company reported revenue of $16.96 billion for the three months ended Septembe...
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Banking
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About a month after the central bank raised policy rates for the first time in four years, domestic banks are starting to raise deposit rates-albeit marginally-as liquidity shrinks and demand for credit surges through the busy season....
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The Reserve Bank of India has rolled out tighter leverage ratio norms for banks. This is expected to ensure capital adequacy in case of a financial crisis since the leverage ratio is calculated on the total value of the exposure without adjusting for risk, i.e., by assuming that the risk is 100%, writes Sebas...
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PRE-BUDGET
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The government has begun a review of basic customs duty concessions and exemptions currently applicable to 118 products as part of the budget 2027-28 exercise, people familiar with the discussions said....
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GLOBAL ECONOMY
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South Korea's headline inflation slowed in October, government data showed on Tuesday, providing a slight reprieve for central bankers but remaining firmly above target.
Consumer prices rose 2.8% year-on-year in October, down f...
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China's central bank said on Tuesday that it will raise the amount of foreign currency that financial institutions must hold as reserves, a move aimed at tightening dollar liquidity conditions and slowing the pace of recent yuan g...
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INDIAN CORPORATE
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Adani Group, controlled by India’s richest man Gautam Adani, is seeking to borrow about $1.5 billion to help finance its expansion into data centers, according to people familiar with the matter.
AdaniConneX Pvt., a joint ven...
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Arvind Ltd. is considering an aggressive expansion of its garment business, with the company working on a growth model that could take the segment’s growth rate to 25%, from 15%at present.
The company is evaluating large greenf...
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ITC Ltd on Monday reported a 20.1% year-on-year decline in standalone profit after tax to Rs 4,137.12 crore for the September quarter of FY27, compared with Rs 5,175.70 crore in the corresponding quarter last year. Lower earnings ...
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National Aluminium Company Ltd (NALCO) on Monday reported a 28% year-on-year increase in standalone profit after tax to Rs 1,835.09 crore for the September quarter of FY27, compared with Rs 1,433.17 crore in the corresponding quar...
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Power Grid Corporation of India (POWERGRID) reported an 8.4% year-on-year increase in consolidated net profit to Rs 3,866.16 crore for the second quarter of FY27, compared with Rs 3,566.08 crore in the corresponding period last ye...
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